Epoch Investment Partners Inc. Trims Stake in Jones Lang LaSalle Incorporated (NYSE:JLL)

Epoch Investment Partners Inc. reduced its position in Jones Lang LaSalle Incorporated (NYSE:JLL) by 39.7% in the 2nd quarter, according to its most recent filing with the SEC. The fund owned 361,634 shares of the financial services provider’s stock after selling 238,367 shares during the period. Epoch Investment Partners Inc. owned 0.71% of Jones Lang LaSalle worth $70,685,000 at the end of the most recent quarter.

Several other institutional investors have also recently bought and sold shares of the company. Northwestern Mutual Wealth Management Co. lifted its holdings in shares of Jones Lang LaSalle by 1.9% in the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 2,338 shares of the financial services provider’s stock valued at $458,000 after purchasing an additional 44 shares during the last quarter. WINTON GROUP Ltd lifted its holdings in shares of Jones Lang LaSalle by 1.1% in the 2nd quarter. WINTON GROUP Ltd now owns 6,939 shares of the financial services provider’s stock valued at $1,356,000 after purchasing an additional 77 shares during the last quarter. US Bancorp DE raised its stake in Jones Lang LaSalle by 17.7% during the 2nd quarter. US Bancorp DE now owns 799 shares of the financial services provider’s stock valued at $156,000 after acquiring an additional 120 shares during the last quarter. Vident Investment Advisory LLC raised its stake in Jones Lang LaSalle by 1.0% during the 2nd quarter. Vident Investment Advisory LLC now owns 12,249 shares of the financial services provider’s stock valued at $2,394,000 after acquiring an additional 123 shares during the last quarter. Finally, HighTower Advisors LLC raised its stake in Jones Lang LaSalle by 2.6% during the 2nd quarter. HighTower Advisors LLC now owns 5,937 shares of the financial services provider’s stock valued at $1,160,000 after acquiring an additional 153 shares during the last quarter. 94.83% of the stock is owned by institutional investors and hedge funds.

Separately, Zacks Investment Research downgraded Jones Lang LaSalle from a “strong-buy” rating to a “hold” rating and set a $268.00 price objective for the company. in a research note on Tuesday, October 5th. One equities research analyst has rated the stock with a hold rating and four have given a buy rating to the company’s stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Buy” and an average price target of $218.00.

Shares of JLL stock traded down $3.45 during trading hours on Thursday, reaching $252.94. 2,951 shares of the company’s stock were exchanged, compared to its average volume of 360,319. The company has a market cap of $12.82 billion, a P/E ratio of 19.38, a price-to-earnings-growth ratio of 1.70 and a beta of 1.39. The company’s 50 day moving average is $245.39 and its two-hundred day moving average is $213.72. Jones Lang LaSalle Incorporated has a 1 year low of $101.39 and a 1 year high of $260.76. The company has a debt-to-equity ratio of 0.17, a current ratio of 2.13 and a quick ratio of 2.13.

Jones Lang LaSalle (NYSE:JLL) last issued its earnings results on Wednesday, August 4th. The financial services provider reported $4.20 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.73 by $2.47. The business had revenue of $2.51 billion during the quarter, compared to the consensus estimate of $2.21 billion. Jones Lang LaSalle had a return on equity of 13.54% and a net margin of 3.95%. The company’s revenue for the quarter was up 37.1% on a year-over-year basis. During the same period in the prior year, the business posted $0.71 EPS. As a group, analysts predict that Jones Lang LaSalle Incorporated will post 15.37 EPS for the current fiscal year.

Jones Lang LaSalle Company Profile

Jones Lang LaSalle, Inc engages in the provision of professional services which specializes in real estate and investment management. It operates through the following geographic segments: Americas; Europe, Middle East and Africa (EMEA); Asia Pacific; and LaSalle Investment Management (LaSalle). The Americas, EMEA, and Asia Pacific segments provides leasing, capital markets, integrated property and facility management, project management, advisory, and transaction services.

Further Reading: Why do corrections happen?

Want to see what other hedge funds are holding JLL? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Jones Lang LaSalle Incorporated (NYSE:JLL).

Institutional Ownership by Quarter for Jones Lang LaSalle (NYSE:JLL)

Receive News & Ratings for Jones Lang LaSalle Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Jones Lang LaSalle and related companies with MarketBeat.com's FREE daily email newsletter.