Epoch Investment Partners Inc. Sells 49,939 Shares of Jones Lang LaSalle Incorporated $JLL

Key Points

• Epoch Investment Partners Inc. has reduced its stake in Jones Lang LaSalle by 18.9% during the first quarter, now holding approximately $53.16 million worth of shares.
• Several institutional investors, including Golden State Wealth Management and Versant Capital Management, have increased their positions in Jones Lang LaSalle, indicating positive investor interest.
• Analyst ratings for Jones Lang LaSalle include a mix of "buy" and "hold," with a target price increase from $305 to $340 by UBS Group, reflecting a generally favorable outlook.

Epoch Investment Partners Inc. cut its position in shares of Jones Lang LaSalle Incorporated (NYSE:JLL - Free Report) by 18.9% in the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 214,431 shares of the financial services provider's stock after selling 49,939 shares during the quarter. Epoch Investment Partners Inc. owned 0.45% of Jones Lang LaSalle worth $53,160,000 at the end of the most recent quarter.

A number of other hedge funds also recently bought and sold shares of the company. Causeway Capital Management LLC lifted its stake in Jones Lang LaSalle by 4.4% during the first quarter. Causeway Capital Management LLC now owns 140,446 shares of the financial services provider's stock valued at $34,818,000 after buying an additional 5,867 shares in the last quarter. Freedom Investment Management Inc. purchased a new stake in shares of Jones Lang LaSalle in the first quarter worth approximately $228,000. Campbell & CO Investment Adviser LLC lifted its position in shares of Jones Lang LaSalle by 84.4% in the first quarter. Campbell & CO Investment Adviser LLC now owns 5,358 shares of the financial services provider's stock worth $1,328,000 after purchasing an additional 2,453 shares in the last quarter. Southeast Asset Advisors LLC purchased a new stake in shares of Jones Lang LaSalle in the first quarter worth approximately $1,361,000. Finally, Oliver Luxxe Assets LLC lifted its position in shares of Jones Lang LaSalle by 4.0% in the first quarter. Oliver Luxxe Assets LLC now owns 24,137 shares of the financial services provider's stock worth $5,984,000 after purchasing an additional 931 shares in the last quarter. 94.80% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling at Jones Lang LaSalle

In other news, CEO Andrew W. Poppink sold 275 shares of the stock in a transaction that occurred on Friday, June 20th. The stock was sold at an average price of $237.97, for a total value of $65,441.75. Following the completion of the sale, the chief executive officer directly owned 10,297 shares of the company's stock, valued at approximately $2,450,377.09. This represents a 2.60% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Corporate insiders own 0.91% of the company's stock.

Jones Lang LaSalle Stock Performance

JLL stock traded up $1.04 during midday trading on Friday, hitting $305.70. 325,454 shares of the company traded hands, compared to its average volume of 483,262. Jones Lang LaSalle Incorporated has a twelve month low of $194.36 and a twelve month high of $308.61. The company has a quick ratio of 2.35, a current ratio of 2.35 and a debt-to-equity ratio of 0.16. The business has a 50 day simple moving average of $271.49 and a 200-day simple moving average of $249.90. The stock has a market capitalization of $14.48 billion, a price-to-earnings ratio of 26.29 and a beta of 1.38.

Jones Lang LaSalle (NYSE:JLL - Get Free Report) last announced its quarterly earnings results on Wednesday, August 6th. The financial services provider reported $3.30 EPS for the quarter, beating the consensus estimate of $3.20 by $0.10. Jones Lang LaSalle had a return on equity of 10.63% and a net margin of 2.28%.The company had revenue of $6.25 billion for the quarter, compared to the consensus estimate of $6.17 billion. During the same quarter last year, the company posted $2.55 earnings per share. The company's revenue for the quarter was up 11.0% compared to the same quarter last year. As a group, equities research analysts predict that Jones Lang LaSalle Incorporated will post 16.45 earnings per share for the current year.

Analyst Ratings Changes

JLL has been the subject of a number of research analyst reports. Wall Street Zen lowered shares of Jones Lang LaSalle from a "buy" rating to a "hold" rating in a research report on Saturday, August 23rd. JPMorgan Chase & Co. increased their price target on shares of Jones Lang LaSalle from $285.00 to $372.00 and gave the stock an "overweight" rating in a research report on Tuesday. Citizens Jmp initiated coverage on shares of Jones Lang LaSalle in a research report on Monday, July 21st. They issued a "market perform" rating for the company. Citigroup reduced their price target on shares of Jones Lang LaSalle from $275.00 to $240.00 and set a "neutral" rating for the company in a research report on Wednesday, May 28th. Finally, The Goldman Sachs Group increased their price target on shares of Jones Lang LaSalle from $338.00 to $378.00 and gave the stock a "buy" rating in a research report on Wednesday, August 13th. One investment analyst has rated the stock with a Strong Buy rating, five have assigned a Buy rating and three have given a Hold rating to the stock. According to data from MarketBeat.com, the company has an average rating of "Moderate Buy" and an average price target of $328.57.

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.