Epoch Investment Partners Inc. Reduces Holdings in Jones Lang LaSalle Incorporated (NYSE:JLL)

Epoch Investment Partners Inc. reduced its stake in Jones Lang LaSalle Incorporated (NYSE:JLL) by 5.1% during the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 179,146 shares of the financial services provider’s stock after selling 9,721 shares during the period. Epoch Investment Partners Inc. owned about 0.38% of Jones Lang LaSalle worth $36,775,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Sei Investments Co. raised its holdings in Jones Lang LaSalle by 143.6% during the 2nd quarter. Sei Investments Co. now owns 21,660 shares of the financial services provider’s stock valued at $4,447,000 after buying an additional 12,767 shares during the last quarter. Bridges Investment Management Inc. bought a new position in shares of Jones Lang LaSalle during the second quarter valued at about $817,000. Canada Pension Plan Investment Board boosted its holdings in shares of Jones Lang LaSalle by 45.5% during the second quarter. Canada Pension Plan Investment Board now owns 73,500 shares of the financial services provider’s stock worth $15,088,000 after purchasing an additional 23,000 shares during the period. Granite Investment Partners LLC bought a new stake in shares of Jones Lang LaSalle in the second quarter worth about $4,256,000. Finally, Intech Investment Management LLC increased its holdings in Jones Lang LaSalle by 508.4% during the 2nd quarter. Intech Investment Management LLC now owns 11,790 shares of the financial services provider’s stock valued at $2,420,000 after purchasing an additional 9,852 shares during the period. Institutional investors own 94.80% of the company’s stock.

Analysts Set New Price Targets

A number of equities research analysts have recently weighed in on JLL shares. Raymond James lifted their price objective on 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 boosted their price objective on shares of Jones Lang LaSalle from $240.00 to $250.00 and gave the company a “market perform” rating in a research report on Thursday, August 8th. UBS Group raised their target price on shares of Jones Lang LaSalle from $225.00 to $240.00 and gave the stock a “buy” rating in a research report on Wednesday, July 3rd. StockNews.com upgraded shares of Jones Lang LaSalle from a “buy” rating to a “strong-buy” rating in a research report on Friday, September 13th. Finally, JPMorgan Chase & Co. lifted their price objective on Jones Lang LaSalle from $215.00 to $230.00 and gave the company an “overweight” rating in a research report on Friday, June 21st. Two research 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.com, the company currently has a consensus rating of “Buy” and a consensus target price of $246.80.

Jones Lang LaSalle Price Performance

Shares of JLL opened at $262.40 on Monday. The firm’s 50-day simple moving average is $245.88 and its two-hundred day simple moving average is $212.80. Jones Lang LaSalle Incorporated has a fifty-two week low of $119.46 and a fifty-two week high of $265.63. The stock has a market cap of $12.48 billion, a PE ratio of 42.19 and a beta of 1.37. The company has a debt-to-equity ratio of 0.31, a quick ratio of 2.58 and a current ratio of 2.58.

Jones Lang LaSalle (NYSE:JLL) last posted its quarterly earnings data on Tuesday, August 6th. The financial services provider reported $2.55 earnings per share for the quarter, beating analysts’ consensus estimates of $2.30 by $0.25. Jones Lang LaSalle had a return on equity of 8.03% and a net margin of 1.76%. The company had revenue of $5.63 billion during the quarter, compared to analyst estimates of $5.48 billion. During the same quarter last year, the company earned $0.50 EPS. The firm’s revenue for the quarter was up 11.4% on a year-over-year basis. Analysts anticipate that Jones Lang LaSalle Incorporated will post 12.54 earnings per share for the current fiscal year.

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.