Jones Lang LaSalle Incorporated (NYSE:JLL) Shares Sold by Equity Investment Corp

Equity Investment Corp lessened its position in shares of Jones Lang LaSalle Incorporated (NYSE:JLL - Free Report) by 24.9% during the third quarter, according to its most recent filing with the Securities & 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 comprises 2.1% of Equity Investment Corp's investment portfolio, making the stock its 23rd biggest holding. Equity Investment Corp owned about 0.69% of Jones Lang LaSalle worth $88,731,000 at the end of the most recent quarter.

A number of other institutional investors have also modified their holdings of the business. UMB Bank n.a. lifted its position 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 worth $36,000 after acquiring an additional 105 shares during the period. V Square Quantitative Management LLC acquired a new stake in shares of Jones Lang LaSalle during the third quarter worth $37,000. Massmutual Trust Co. FSB ADV increased its stake in 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 buying an additional 39 shares during the period. Innealta Capital LLC purchased a new position in Jones Lang LaSalle during the 2nd quarter worth $34,000. Finally, Huntington National Bank lifted its stake in shares of Jones Lang LaSalle by 22.9% in the 3rd quarter. Huntington National Bank now owns 204 shares of the financial services provider's stock worth $55,000 after acquiring an additional 38 shares during the period. 94.80% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several research analysts recently issued reports on JLL shares. Keefe, Bruyette & Woods increased their price target on shares of Jones Lang LaSalle from $280.00 to $292.00 and gave the stock a "market perform" rating in a report on Tuesday, November 12th. Raymond James lifted 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. Finally, StockNews.com upgraded Jones Lang LaSalle from a "buy" rating to a "strong-buy" rating in a research report on Friday, September 13th. Two analysts have rated the stock with a hold rating, three have given a buy rating and two have assigned a strong buy rating to the company. Based on data from MarketBeat, the company presently has an average rating of "Buy" and a consensus price target of $255.20.

Jones Lang LaSalle Price Performance

Shares of NYSE:JLL traded up $0.84 on Monday, hitting $262.04. The company had a trading volume of 206,754 shares, compared to its average volume of 286,319. The company has a market cap of $12.43 billion, a PE ratio of 26.50 and a beta of 1.37. The business has a 50 day moving average of $264.81 and a 200 day moving average of $236.12. Jones Lang LaSalle Incorporated has a 52-week low of $152.32 and a 52-week high of $288.50. The company has a current ratio of 2.29, a quick ratio of 2.29 and a debt-to-equity ratio of 0.16.

Jones Lang LaSalle (NYSE:JLL - Get Free Report) last released its quarterly 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 company 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 firm's revenue for the quarter was up 14.8% compared to the same quarter last year. During the same period last year, the company earned $2.01 EPS. As a group, equities analysts anticipate that Jones Lang LaSalle Incorporated will post 13.17 earnings per share for the current fiscal 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.