Equity Investment Corp Has $79.21 Million Stock Holdings in Jones Lang LaSalle Incorporated $JLL

Equity Investment Corp lessened its holdings in Jones Lang LaSalle Incorporated (NYSE:JLL) by 2.6% in the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 235,422 shares of the financial services provider’s stock after selling 6,404 shares during the period. Equity Investment Corp’s holdings in Jones Lang LaSalle were worth $79,213,000 at the end of the most recent quarter.

Other hedge funds also recently modified their holdings of the company. Sunbelt Securities Inc. acquired a new stake in shares of Jones Lang LaSalle during the third quarter worth approximately $25,000. International Assets Investment Management LLC acquired a new stake in shares of Jones Lang LaSalle during the fourth quarter worth approximately $29,000. Activest Wealth Management increased its holdings in shares of Jones Lang LaSalle by 1,720.0% during the fourth quarter. Activest Wealth Management now owns 91 shares of the financial services provider’s stock worth $31,000 after buying an additional 86 shares in the last quarter. Hilton Head Capital Partners LLC acquired a new stake in shares of Jones Lang LaSalle during the fourth quarter worth approximately $35,000. Finally, True Wealth Design LLC increased its holdings in shares of Jones Lang LaSalle by 13,200.0% during the fourth quarter. True Wealth Design LLC now owns 133 shares of the financial services provider’s stock worth $45,000 after buying an additional 132 shares in the last quarter. Institutional investors and hedge funds own 94.80% of the company’s stock.

Jones Lang LaSalle Price Performance

Shares of JLL stock opened at $298.15 on Friday. Jones Lang LaSalle Incorporated has a 52-week low of $233.14 and a 52-week high of $363.06. The stock has a market cap of $13.83 billion, a PE ratio of 16.03 and a beta of 1.29. The company has a debt-to-equity ratio of 0.15, a quick ratio of 2.35 and a current ratio of 2.35. The firm’s 50 day moving average price is $312.12 and its two-hundred day moving average price is $321.11.

Jones Lang LaSalle (NYSE:JLL) last announced its quarterly earnings data on Thursday, April 30th. The financial services provider reported $3.43 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $3.01 by $0.42. Jones Lang LaSalle had a net margin of 3.35% and a return on equity of 13.01%. The firm had revenue of $6.39 billion for the quarter, compared to analysts’ expectations of $6 billion. During the same period last year, the firm earned $2.31 earnings per share. The business’s revenue for the quarter was up 11.1% on a year-over-year basis. As a group, analysts forecast that Jones Lang LaSalle Incorporated will post 22.8 EPS for the current year.

Wall Street Analysts Forecast Growth

Several analysts have recently weighed in on JLL shares. Barclays raised their price objective on shares of Jones Lang LaSalle from $348.00 to $366.00 and gave the stock an “equal weight” rating in a report on Wednesday, May 13th. Weiss Ratings cut shares of Jones Lang LaSalle from a “buy (b)” rating to a “buy (b-)” rating in a research note on Thursday, May 28th. Keefe, Bruyette & Woods decreased their price target on shares of Jones Lang LaSalle from $405.00 to $380.00 and set an “outperform” rating on the stock in a research note on Tuesday, February 24th. UBS Group increased their price target on shares of Jones Lang LaSalle from $425.00 to $445.00 and gave the company a “buy” rating in a research note on Wednesday, April 22nd. Finally, Zacks Research cut shares of Jones Lang LaSalle from a “strong-buy” rating to a “hold” rating in a research note on Friday, April 24th. Five equities research analysts have rated the stock with a Buy rating and three have given a Hold rating to the company. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $394.00.

Insider Buying and Selling

In other Jones Lang LaSalle news, CEO Richard Bloxam sold 5,440 shares of the stock in a transaction on Tuesday, March 24th. The shares were sold at an average price of $296.94, for a total value of $1,615,353.60. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, Director Larry Quinlan sold 403 shares of the stock in a transaction on Friday, June 5th. The stock was sold at an average price of $295.14, for a total transaction of $118,941.42. Following the completion of the sale, the director owned 4,771 shares in the company, valued at approximately $1,408,112.94. This trade represents a 7.79% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. 0.91% of the stock is currently owned by company insiders.

Jones Lang LaSalle Profile

Jones Lang LaSalle Incorporated (NYSE: JLL) is a leading professional services firm specializing in real estate and investment management. The company provides a broad range of services including leasing, advisory, property and asset management, capital markets, project and development services, and valuation. Through its integrated platform, JLL serves corporate occupiers, institutional investors, real estate owners and developers, offering tailored solutions that span the entire real estate lifecycle.

Founded in 1783 in London as Jones Lang Wootton, the firm established a reputation for expertise in property management and brokerage.