Epoch Investment Partners Inc. Purchases 46,484 Shares of Jones Lang LaSalle Incorporated $JLL

Epoch Investment Partners Inc. lifted its position in shares of Jones Lang LaSalle Incorporated (NYSE:JLL) by 95.8% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 95,031 shares of the financial services provider’s stock after purchasing an additional 46,484 shares during the period. Epoch Investment Partners Inc.’s holdings in Jones Lang LaSalle were worth $31,975,000 at the end of the most recent quarter.

A number of other large investors have also added to or reduced their stakes in JLL. Sunbelt Securities Inc. purchased a new stake in Jones Lang LaSalle during the third quarter worth about $25,000. International Assets Investment Management LLC purchased a new stake in Jones Lang LaSalle during the fourth quarter worth about $29,000. Activest Wealth Management increased its holdings in Jones Lang LaSalle by 1,720.0% during the fourth quarter. Activest Wealth Management now owns 91 shares of the financial services provider’s stock worth $31,000 after buying an additional 86 shares during the last quarter. Hilton Head Capital Partners LLC purchased a new stake in Jones Lang LaSalle during the fourth quarter worth about $35,000. Finally, True Wealth Design LLC increased its holdings in Jones Lang LaSalle by 13,200.0% during the fourth quarter. True Wealth Design LLC now owns 133 shares of the financial services provider’s stock worth $45,000 after buying an additional 132 shares during the last quarter. Hedge funds and other institutional investors own 94.80% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research firms recently issued reports on JLL. Keefe, Bruyette & Woods decreased their price objective on shares of Jones Lang LaSalle from $405.00 to $380.00 and set an “outperform” rating for the company in a report on Tuesday, February 24th. Barclays raised their price objective on shares of Jones Lang LaSalle from $348.00 to $366.00 and gave the stock an “equal weight” rating in a report on Wednesday, May 13th. UBS Group raised their price objective on shares of Jones Lang LaSalle from $425.00 to $445.00 and gave the stock a “buy” rating in a report on Wednesday, April 22nd. Zacks Research downgraded shares of Jones Lang LaSalle from a “strong-buy” rating to a “hold” rating in a research note on Friday, April 24th. Finally, Weiss Ratings downgraded shares of Jones Lang LaSalle from a “buy (b)” rating to a “buy (b-)” rating in a research note on Thursday, May 28th. Five investment analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the stock. Based on data from MarketBeat, Jones Lang LaSalle currently has an average rating of “Moderate Buy” and an average price target of $394.00.

Jones Lang LaSalle Trading Down 0.2%

Shares of Jones Lang LaSalle stock opened at $299.31 on Monday. Jones Lang LaSalle Incorporated has a 1 year low of $233.14 and a 1 year high of $363.06. The firm has a market cap of $13.89 billion, a PE ratio of 16.09 and a beta of 1.29. The company has a debt-to-equity ratio of 0.15, a current ratio of 2.35 and a quick ratio of 2.35. The company has a 50 day simple moving average of $311.99 and a two-hundred day simple moving average of $320.98.

Jones Lang LaSalle (NYSE:JLL) last announced its earnings results on Thursday, April 30th. The financial services provider reported $3.43 earnings per share (EPS) for the quarter, beating the consensus estimate of $3.01 by $0.42. Jones Lang LaSalle had a net margin of 3.35% and a return on equity of 13.01%. The business had revenue of $6.39 billion during the quarter, compared to analyst estimates of $6 billion. During the same period in the previous year, the business posted $2.31 earnings per share. Jones Lang LaSalle’s revenue for the quarter was up 11.1% on a year-over-year basis. Analysts expect that Jones Lang LaSalle Incorporated will post 22.8 earnings per share for the current fiscal year.

Insider Activity at Jones Lang LaSalle

In other Jones Lang LaSalle news, CEO Richard Bloxam sold 5,440 shares of Jones Lang LaSalle stock in a transaction that occurred on Tuesday, March 24th. The shares were sold at an average price of $296.94, for a total transaction of $1,615,353.60. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Larry Quinlan sold 403 shares of the business’s stock in a transaction that occurred on Friday, June 5th. The stock was sold at an average price of $295.14, for a total transaction of $118,941.42. Following the completion of the sale, the director owned 4,771 shares of the company’s stock, valued at approximately $1,408,112.94. The trade was a 7.79% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders own 0.91% of the company’s stock.

About Jones Lang LaSalle

Jones Lang LaSalle Incorporated (NYSE: JLL) is a leading professional services firm specializing in real estate and investment management. The company provides a broad range of services including leasing, advisory, property and asset management, capital markets, project and development services, and valuation. Through its integrated platform, JLL serves corporate occupiers, institutional investors, real estate owners and developers, offering tailored solutions that span the entire real estate lifecycle.

Founded in 1783 in London as Jones Lang Wootton, the firm established a reputation for expertise in property management and brokerage.