Jones Lang LaSalle Incorporated (NYSE:JLL) Shares Sold by Epoch Investment Partners Inc.

Epoch Investment Partners Inc. reduced its position in Jones Lang LaSalle Incorporated (NYSE:JLL) by 2.3% in the 1st quarter, Holdings Channel.com reports. The fund owned 188,867 shares of the financial services provider’s stock after selling 4,373 shares during the quarter. Epoch Investment Partners Inc.’s holdings in Jones Lang LaSalle were worth $36,846,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors have also modified their holdings of the company. Rise Advisors LLC acquired a new stake in shares of Jones Lang LaSalle during the first quarter worth $30,000. Atlas Capital Advisors LLC acquired a new stake in shares of Jones Lang LaSalle during the first quarter worth $35,000. Riverview Trust Co acquired a new stake in shares of Jones Lang LaSalle during the first quarter worth $38,000. LRI Investments LLC acquired a new stake in shares of Jones Lang LaSalle during the first quarter worth $58,000. Finally, GAMMA Investing LLC acquired a new stake in shares of Jones Lang LaSalle during the fourth quarter worth $71,000. 94.80% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several equities research analysts recently weighed in on the company. Keefe, Bruyette & Woods increased their price target on Jones Lang LaSalle from $200.00 to $240.00 and gave the stock a “market perform” rating in a report on Thursday. UBS Group increased their price target on Jones Lang LaSalle from $225.00 to $240.00 and gave the stock a “buy” rating in a report on Wednesday, July 3rd. Wolfe Research reiterated a “peer perform” rating on shares of Jones Lang LaSalle in a research report on Tuesday, April 9th. JPMorgan Chase & Co. increased their price objective on Jones Lang LaSalle from $215.00 to $230.00 and gave the stock an “overweight” rating in a research report on Friday, June 21st. Finally, Raymond James increased their price objective on Jones Lang LaSalle from $246.00 to $268.00 and gave the stock a “strong-buy” rating in a research report on Thursday. Three equities research analysts have rated the stock with a hold rating, three have given a buy rating and two have given a strong buy rating to the stock. According to MarketBeat.com, Jones Lang LaSalle has an average rating of “Moderate Buy” and an average target price of $233.67.

Jones Lang LaSalle Price Performance

Shares of JLL stock traded up $5.73 during mid-day trading on Friday, reaching $250.83. The stock had a trading volume of 539,666 shares, compared to its average volume of 289,712. Jones Lang LaSalle Incorporated has a 12-month low of $119.46 and a 12-month high of $252.09. The company has a market cap of $11.93 billion, a P/E ratio of 40.33 and a beta of 1.38. The business has a 50-day simple moving average of $209.84 and a 200 day simple moving average of $193.24. The company has a current ratio of 2.35, a quick ratio of 2.35 and a debt-to-equity ratio of 0.34.

Jones Lang LaSalle (NYSE:JLL) last announced its quarterly earnings results on Monday, May 6th. The financial services provider reported $1.78 earnings per share for the quarter, beating analysts’ consensus estimates of $0.85 by $0.93. Jones Lang LaSalle had a return on equity of 6.55% and a net margin of 1.42%. The business had revenue of $5.12 billion during the quarter, compared to analysts’ expectations of $4.82 billion. During the same quarter last year, the business posted $0.65 earnings per share. The business’s revenue for the quarter was up 8.7% on a year-over-year basis. On average, sell-side analysts anticipate that Jones Lang LaSalle Incorporated will post 12.4 earnings per share for the current year.

Jones Lang LaSalle Profile

Jones Lang LaSalle Incorporated operates as a commercial real estate and investment management company. It engages in the buying, building, occupying, managing, and investing in a commercial, industrial, hotel, residential, and retail properties in Americas, Europe, the Middle East, Africa, and the Asia Pacific.