Equity Investment Corp Has $83.67 Million Stock Holdings in Jones Lang LaSalle Incorporated (NYSE:JLL)

Equity Investment Corp increased its stake in Jones Lang LaSalle Incorporated (NYSE:JLL - Free Report) by 4.8% in the 1st quarter, according to the company in its most recent filing with the SEC. The fund owned 337,483 shares of the financial services provider's stock after purchasing an additional 15,482 shares during the quarter. Equity Investment Corp owned approximately 0.71% of Jones Lang LaSalle worth $83,665,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the stock. PNC Financial Services Group Inc. lifted its holdings in shares of Jones Lang LaSalle by 5.3% during the fourth quarter. PNC Financial Services Group Inc. now owns 2,343 shares of the financial services provider's stock worth $593,000 after buying an additional 117 shares during the last quarter. Amundi lifted its holdings in shares of Jones Lang LaSalle by 3.7% during the fourth quarter. Amundi now owns 7,690 shares of the financial services provider's stock worth $1,907,000 after buying an additional 272 shares during the last quarter. HighTower Advisors LLC lifted its holdings in shares of Jones Lang LaSalle by 8.6% during the fourth quarter. HighTower Advisors LLC now owns 3,611 shares of the financial services provider's stock worth $914,000 after buying an additional 286 shares during the last quarter. Swiss National Bank lifted its holdings in shares of Jones Lang LaSalle by 0.5% during the fourth quarter. Swiss National Bank now owns 93,400 shares of the financial services provider's stock worth $23,643,000 after buying an additional 500 shares during the last quarter. Finally, Envestnet Portfolio Solutions Inc. lifted its holdings in shares of Jones Lang LaSalle by 3.6% during the fourth quarter. Envestnet Portfolio Solutions Inc. now owns 3,211 shares of the financial services provider's stock worth $813,000 after buying an additional 112 shares during the last quarter. 94.80% of the stock is currently owned by institutional investors and hedge funds.

Jones Lang LaSalle Price Performance

NYSE:JLL traded up $1.62 during trading hours on Friday, reaching $253.50. The company had a trading volume of 211,054 shares, compared to its average volume of 354,137. The stock has a 50-day moving average of $240.00 and a two-hundred day moving average of $246.39. Jones Lang LaSalle Incorporated has a one year low of $194.36 and a one year high of $288.50. The firm has a market capitalization of $12.03 billion, a PE ratio of 17.45 and a beta of 1.34. The company has a quick ratio of 2.01, a current ratio of 2.01 and a debt-to-equity ratio of 0.17.

Jones Lang LaSalle (NYSE:JLL - Get Free Report) last posted its quarterly earnings data on Wednesday, May 7th. The financial services provider reported $2.31 EPS for the quarter, topping analysts' consensus estimates of $2.02 by $0.29. The company had revenue of $5.75 billion for the quarter, compared to analyst estimates of $5.65 billion. Jones Lang LaSalle had a return on equity of 10.37% and a net margin of 2.23%. The business's revenue was up 12.1% on a year-over-year basis. During the same quarter in the previous year, the firm earned $1.78 earnings per share. Analysts forecast that Jones Lang LaSalle Incorporated will post 16.45 earnings per share for the current year.

Insider Buying and Selling

In other Jones Lang LaSalle news, CEO Andrew W. Poppink sold 275 shares of the business's stock in a transaction 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 transaction, the chief executive officer owned 10,297 shares of the company's stock, valued at approximately $2,450,377.09. The trade was a 2.60% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Corporate insiders own 0.91% of the company's stock.

Analyst Upgrades and Downgrades

A number of analysts have recently issued reports on JLL shares. Wall Street Zen cut Jones Lang LaSalle from a "buy" rating to a "hold" rating in a research report on Saturday, July 12th. UBS Group boosted their price objective on Jones Lang LaSalle from $305.00 to $340.00 and gave the company a "buy" rating in a research report on Wednesday, July 2nd. Citigroup lowered their price objective on Jones Lang LaSalle from $275.00 to $240.00 and set a "neutral" rating on the stock in a research report on Wednesday, May 28th. JPMorgan Chase & Co. lowered their price objective on Jones Lang LaSalle from $327.00 to $285.00 and set an "overweight" rating on the stock in a research report on Thursday, April 10th. Finally, Keefe, Bruyette & Woods lowered their price objective on Jones Lang LaSalle from $325.00 to $280.00 and set an "outperform" rating on the stock in a research report on Thursday, April 17th. Two research analysts have rated the stock with a hold rating, five have given a buy rating and one has issued a strong buy rating to the company's stock. According to MarketBeat, Jones Lang LaSalle presently has an average rating of "Moderate Buy" and a consensus price target of $310.00.

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.