Hotchkis & Wiley Capital Management LLC Sells 17,065 Shares of Jones Lang LaSalle Incorporated (NYSE:JLL)

Hotchkis & Wiley Capital Management LLC cut its holdings in Jones Lang LaSalle Incorporated (NYSE:JLL - Free Report) by 5.2% during the third quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 311,997 shares of the financial services provider's stock after selling 17,065 shares during the quarter. Hotchkis & Wiley Capital Management LLC owned about 0.66% of Jones Lang LaSalle worth $84,180,000 as of its most recent SEC filing.

A number of other institutional investors have also made changes to their positions in JLL. Innealta Capital LLC acquired a new position in Jones Lang LaSalle during the 2nd quarter worth approximately $34,000. Brooklyn Investment Group acquired a new stake in Jones Lang LaSalle in the 3rd quarter valued at $34,000. 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 buying an additional 105 shares in the last quarter. V Square Quantitative Management LLC bought a new position in shares of Jones Lang LaSalle in the 3rd quarter valued at about $37,000. Finally, Massmutual Trust Co. FSB ADV raised its holdings in Jones Lang LaSalle by 37.5% during the third quarter. Massmutual Trust Co. FSB ADV now owns 143 shares of the financial services provider's stock worth $39,000 after acquiring an additional 39 shares in the last quarter. 94.80% of the stock is owned by institutional investors and hedge funds.

Jones Lang LaSalle Stock Performance

NYSE:JLL traded up $0.58 during mid-day trading on Tuesday, hitting $278.73. 222,068 shares of the stock were exchanged, compared to its average volume of 286,689. 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 firm's 50-day simple moving average is $267.94 and its 200 day simple moving average is $241.56. Jones Lang LaSalle Incorporated has a fifty-two week low of $159.52 and a fifty-two week high of $288.50. The stock has a market capitalization of $13.22 billion, a price-to-earnings ratio of 28.21 and a beta of 1.34.

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 EPS for the quarter, beating the consensus estimate of $2.67 by $0.83. Jones Lang LaSalle had a net margin of 2.12% and a return on equity of 8.95%. The business had revenue of $5.87 billion for the quarter, compared to the consensus estimate of $5.62 billion. Jones Lang LaSalle's revenue was up 14.8% compared to the same quarter last year. During the same period in the prior year, the company posted $2.01 earnings per share. As a group, equities analysts anticipate that Jones Lang LaSalle Incorporated will post 13.37 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of equities analysts recently weighed in on the stock. Keefe, Bruyette & Woods boosted their target price 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. Wolfe Research raised shares of Jones Lang LaSalle from a "peer perform" rating to an "outperform" rating and set a $353.00 target price on the stock in a report on Monday, November 25th. Finally, StockNews.com upgraded Jones Lang LaSalle from a "buy" rating to a "strong-buy" rating in a report on Friday, September 13th. One investment analyst has rated the stock with a hold rating, four have assigned a buy rating and two have assigned a strong buy rating to the stock. Based on data from MarketBeat.com, the stock has a consensus rating of "Buy" and a consensus price target of $271.50.

Jones Lang LaSalle Company 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.