Diamond Hill Capital Management Inc. lessened its holdings in Jones Lang LaSalle Incorporated (NYSE:JLL - Free Report) by 26.4% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 116,123 shares of the financial services provider's stock after selling 41,705 shares during the period. Diamond Hill Capital Management Inc. owned about 0.24% of Jones Lang LaSalle worth $31,331,000 at the end of the most recent quarter.
A number of other institutional investors and hedge funds also recently made changes to their positions in the business. Los Angeles Capital Management LLC acquired a new stake in shares of Jones Lang LaSalle in the 3rd quarter worth about $1,836,000. State of New Jersey Common Pension Fund D raised its holdings in shares of Jones Lang LaSalle by 1.2% in the 3rd quarter. State of New Jersey Common Pension Fund D now owns 16,239 shares of the financial services provider's stock worth $4,381,000 after acquiring an additional 190 shares during the last quarter. River Global Investors LLP raised its holdings in shares of Jones Lang LaSalle by 4.0% in the 3rd quarter. River Global Investors LLP now owns 6,810 shares of the financial services provider's stock worth $1,837,000 after acquiring an additional 265 shares during the last quarter. Crossmark Global Holdings Inc. raised its holdings in shares of Jones Lang LaSalle by 30.1% in the 3rd quarter. Crossmark Global Holdings Inc. now owns 24,579 shares of the financial services provider's stock worth $6,632,000 after acquiring an additional 5,683 shares during the last quarter. Finally, Legacy Capital Wealth Partners LLC grew its position in Jones Lang LaSalle by 77.3% in the 3rd quarter. Legacy Capital Wealth Partners LLC now owns 4,300 shares of the financial services provider's stock worth $1,160,000 after purchasing an additional 1,875 shares in the last quarter. Institutional investors and hedge funds own 94.80% of the company's stock.
Jones Lang LaSalle Price Performance
NYSE JLL traded up $3.55 on Monday, hitting $272.61. The stock had a trading volume of 118,552 shares, compared to its average volume of 286,280. Jones Lang LaSalle Incorporated has a 52-week low of $136.83 and a 52-week high of $288.50. The company has a debt-to-equity ratio of 0.16, a quick ratio of 2.58 and a current ratio of 2.29. The company has a market capitalization of $12.93 billion, a price-to-earnings ratio of 27.64 and a beta of 1.37. The firm has a 50-day moving average of $262.99 and a 200-day moving average of $232.59.
Jones Lang LaSalle (NYSE:JLL - Get Free Report) last posted its earnings results on Wednesday, November 6th. The financial services provider reported $3.50 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.67 by $0.83. The business had revenue of $5.87 billion for the quarter, compared to analysts' expectations of $5.62 billion. Jones Lang LaSalle had a net margin of 2.12% and a return on equity of 8.95%. The business's revenue for the quarter was up 14.8% compared to the same quarter last year. During the same period in the prior year, the company posted $2.01 EPS. Equities analysts expect that Jones Lang LaSalle Incorporated will post 12.99 EPS for the current year.
Analyst Upgrades and Downgrades
JLL has been the subject of a number of recent analyst reports. Raymond James upped their price objective on shares of Jones Lang LaSalle from $246.00 to $268.00 and gave the stock a "strong-buy" rating in a research report on Thursday, July 25th. Keefe, Bruyette & Woods upped their price objective on shares of Jones Lang LaSalle from $240.00 to $250.00 and gave the stock a "market perform" rating in a research report on Thursday, August 8th. Finally, StockNews.com raised shares of Jones Lang LaSalle from a "buy" rating to a "strong-buy" rating in a research report on Friday, September 13th. Two equities research analysts have rated the stock with a hold rating, three have given a buy rating and two have issued a strong buy rating to the company's stock. According to data from MarketBeat, Jones Lang LaSalle presently has a consensus rating of "Buy" and a consensus target price of $246.80.
Read Our Latest Report on Jones Lang LaSalle
About Jones Lang LaSalle
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Free Report)
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.
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