Equity Investment Corp Has $88.73 Million Holdings in Jones Lang LaSalle Incorporated (NYSE:JLL)

Equity Investment Corp lessened its stake in Jones Lang LaSalle Incorporated (NYSE:JLL) by 24.9% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 328,863 shares of the financial services provider’s stock after selling 108,906 shares during the quarter. Jones Lang LaSalle makes up 2.1% of Equity Investment Corp’s holdings, making the stock its 23rd biggest position. Equity Investment Corp’s holdings in Jones Lang LaSalle were worth $88,731,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors also recently made changes to their positions in the company. Innealta Capital LLC acquired a new stake in shares of Jones Lang LaSalle in the 2nd quarter valued at approximately $34,000. UMB Bank n.a. lifted its holdings in Jones Lang LaSalle by 350.0% during the 3rd quarter. UMB Bank n.a. now owns 135 shares of the financial services provider’s stock valued at $36,000 after purchasing an additional 105 shares during the last quarter. V Square Quantitative Management LLC acquired a new stake in Jones Lang LaSalle during the 3rd quarter valued at $37,000. Massmutual Trust Co. FSB ADV lifted its holdings in Jones Lang LaSalle by 37.5% during the 3rd quarter. Massmutual Trust Co. FSB ADV now owns 143 shares of the financial services provider’s stock valued at $39,000 after purchasing an additional 39 shares during the last quarter. Finally, Mather Group LLC. lifted its holdings in Jones Lang LaSalle by 446.9% during the 2nd quarter. Mather Group LLC. now owns 268 shares of the financial services provider’s stock valued at $52,000 after purchasing an additional 219 shares during the last quarter. Institutional investors and hedge funds own 94.80% of the company’s stock.

Analyst Ratings Changes

JLL has been the subject of several research reports. Raymond James raised their price target on Jones Lang LaSalle from $246.00 to $268.00 and gave the company a “strong-buy” rating in a report on Thursday, July 25th. StockNews.com raised Jones Lang LaSalle from a “buy” rating to a “strong-buy” rating in a report on Friday, September 13th. Finally, Keefe, Bruyette & Woods raised their price target on Jones Lang LaSalle from $280.00 to $292.00 and gave the company a “market perform” rating in a report on Tuesday, November 12th. Two equities research analysts have rated the stock with a hold rating, three have issued a buy rating and two have assigned a strong buy rating to the company. Based on data from MarketBeat, the stock presently has an average rating of “Buy” and an average target price of $255.20.

Jones Lang LaSalle Stock Down 0.6 %

JLL opened at $261.20 on Monday. Jones Lang LaSalle Incorporated has a fifty-two week low of $152.28 and a fifty-two week high of $288.50. The company has a debt-to-equity ratio of 0.16, a quick ratio of 2.29 and a current ratio of 2.29. The company has a market capitalization of $12.39 billion, a P/E ratio of 26.41 and a beta of 1.37. The stock has a fifty day moving average of $264.60 and a 200-day moving average of $235.57.

Jones Lang LaSalle (NYSE:JLL) last posted its earnings results on Wednesday, November 6th. The financial services provider reported $3.50 earnings per share for the quarter, topping analysts’ consensus estimates of $2.67 by $0.83. The company had revenue of $5.87 billion during the quarter, compared to the consensus estimate of $5.62 billion. Jones Lang LaSalle had a return on equity of 8.95% and a net margin of 2.12%. The company’s revenue was up 14.8% on a year-over-year basis. During the same quarter last year, the firm earned $2.01 earnings per share. On average, equities analysts expect that Jones Lang LaSalle Incorporated will post 13.17 EPS 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.