Epoch Investment Partners Inc. Sells 4,373 Shares of Jones Lang LaSalle Incorporated (NYSE:JLL)

Epoch Investment Partners Inc. decreased its position in shares of Jones Lang LaSalle Incorporated (NYSE:JLL) by 2.3% during the first quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 188,867 shares of the financial services provider’s stock after selling 4,373 shares during the period. Epoch Investment Partners Inc. owned approximately 0.40% of Jones Lang LaSalle worth $36,846,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds have also bought and sold shares of the company. Rise Advisors LLC bought a new position in shares of Jones Lang LaSalle in the first quarter worth about $30,000. Atlas Capital Advisors LLC bought a new position in shares of Jones Lang LaSalle in the first quarter worth about $35,000. Riverview Trust Co bought a new position in shares of Jones Lang LaSalle in the first quarter worth about $38,000. LRI Investments LLC bought a new position in shares of Jones Lang LaSalle in the first quarter worth about $58,000. Finally, GAMMA Investing LLC bought a new position in shares of Jones Lang LaSalle in the fourth quarter worth about $71,000. Institutional investors own 94.80% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research analysts have recently commented on the stock. StockNews.com upgraded shares of Jones Lang LaSalle from a “buy” rating to a “strong-buy” rating in a report on Wednesday, July 10th. Keefe, Bruyette & Woods upped their price objective on shares of Jones Lang LaSalle from $200.00 to $240.00 and gave the stock a “market perform” rating in a research note on Thursday. UBS Group upped their price objective on shares of Jones Lang LaSalle from $225.00 to $240.00 and gave the stock a “buy” rating in a research note on Wednesday, July 3rd. Jefferies Financial Group started coverage on shares of Jones Lang LaSalle in a research note on Wednesday, April 10th. They issued a “buy” rating and a $246.00 price objective for the company. Finally, Wolfe Research reaffirmed a “peer perform” rating on shares of Jones Lang LaSalle in a research note on Tuesday, April 9th. Three equities research analysts have rated the stock with a hold rating, three have assigned a buy rating and two have given a strong buy rating to the company’s stock. According to data from MarketBeat.com, Jones Lang LaSalle presently has an average rating of “Moderate Buy” and a consensus price target of $233.67.

Jones Lang LaSalle Stock Up 2.3 %

Shares of JLL stock traded up $5.73 during mid-day trading on Friday, hitting $250.83. 539,666 shares of the stock traded hands, compared to its average volume of 289,712. The stock has a market cap of $11.93 billion, a P/E ratio of 40.33 and a beta of 1.38. The company has a debt-to-equity ratio of 0.34, a current ratio of 2.35 and a quick ratio of 2.35. The stock’s fifty day moving average is $209.84 and its two-hundred day moving average is $193.24. Jones Lang LaSalle Incorporated has a 52-week low of $119.46 and a 52-week high of $252.09.

Jones Lang LaSalle (NYSE:JLL) last announced its quarterly earnings data on Monday, May 6th. The financial services provider reported $1.78 EPS for the quarter, beating the consensus estimate of $0.85 by $0.93. The firm had revenue of $5.12 billion during the quarter, compared to analyst estimates of $4.82 billion. Jones Lang LaSalle had a net margin of 1.42% and a return on equity of 6.55%. Jones Lang LaSalle’s revenue was up 8.7% on a year-over-year basis. During the same period last year, the firm posted $0.65 EPS. Equities analysts predict that Jones Lang LaSalle Incorporated will post 12.4 EPS for the current year.

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.