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

Equity Investment Corp decreased its stake in shares of Jones Lang LaSalle Incorporated (NYSE:JLL) by 24.9% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 328,863 shares of the financial services provider’s stock after selling 108,906 shares during the period. Jones Lang LaSalle accounts for approximately 2.1% of Equity Investment Corp’s holdings, making the stock its 23rd biggest holding. Equity Investment Corp owned about 0.69% of Jones Lang LaSalle worth $88,731,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also added to or reduced their stakes in the company. Huntington National Bank raised its holdings in Jones Lang LaSalle by 22.9% during the 3rd quarter. Huntington National Bank now owns 204 shares of the financial services provider’s stock worth $55,000 after purchasing an additional 38 shares during the last quarter. Massmutual Trust Co. FSB ADV increased its stake in shares of Jones Lang LaSalle by 37.5% in the 3rd quarter. Massmutual Trust Co. FSB ADV now owns 143 shares of the financial services provider’s stock valued at $39,000 after acquiring an additional 39 shares during the last quarter. CIBC Asset Management Inc increased its stake in shares of Jones Lang LaSalle by 3.5% in the 3rd quarter. CIBC Asset Management Inc now owns 1,375 shares of the financial services provider’s stock valued at $371,000 after acquiring an additional 47 shares during the last quarter. Parallel Advisors LLC increased its stake in shares of Jones Lang LaSalle by 3.1% in the 2nd quarter. Parallel Advisors LLC now owns 1,625 shares of the financial services provider’s stock valued at $334,000 after acquiring an additional 49 shares during the last quarter. Finally, First Bank & Trust increased its stake in shares of Jones Lang LaSalle by 2.5% in the 3rd quarter. First Bank & Trust now owns 2,251 shares of the financial services provider’s stock valued at $607,000 after acquiring an additional 54 shares during the last quarter. Institutional investors and hedge funds own 94.80% of the company’s stock.

Jones Lang LaSalle Price Performance

NYSE JLL opened at $261.20 on Monday. The business has a 50 day simple moving average of $264.60 and a 200 day simple moving average of $235.57. Jones Lang LaSalle Incorporated has a 52-week low of $152.28 and a 52-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 stock has a market cap of $12.39 billion, a price-to-earnings ratio of 26.41 and a beta of 1.37.

Jones Lang LaSalle (NYSE:JLL) last posted its earnings results on Wednesday, November 6th. The financial services provider reported $3.50 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.67 by $0.83. Jones Lang LaSalle had a return on equity of 8.95% and a net margin of 2.12%. The business had revenue of $5.87 billion during the quarter, compared to analysts’ expectations of $5.62 billion. During the same period in the prior year, the business earned $2.01 EPS. Jones Lang LaSalle’s revenue for the quarter was up 14.8% compared to the same quarter last year. Analysts anticipate that Jones Lang LaSalle Incorporated will post 13.17 earnings per share for the current fiscal year.

Analysts Set New Price Targets

A number of brokerages have recently commented on JLL. Raymond James upped their price target on Jones Lang LaSalle from $246.00 to $268.00 and gave the company a “strong-buy” rating in a research note on Thursday, July 25th. Keefe, Bruyette & Woods upped their price target on Jones Lang LaSalle from $280.00 to $292.00 and gave the company a “market perform” rating in a research note on Tuesday, November 12th. Finally, StockNews.com raised Jones Lang LaSalle from a “buy” rating to a “strong-buy” rating in a research note on Friday, September 13th. Two 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 company. According to data from MarketBeat, the stock presently has a consensus rating of “Buy” and an average target price of $255.20.

About Jones Lang LaSalle

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.