Epoch Investment Partners Inc. Has $24.08 Million Stake in Jones Lang LaSalle Incorporated (JLL)

Epoch Investment Partners Inc. lowered its position in Jones Lang LaSalle Incorporated (NYSE:JLL) by 18.4% during the first quarter, Holdings Channel reports. The firm owned 216,017 shares of the financial services provider’s stock after selling 48,798 shares during the period. Epoch Investment Partners Inc.’s holdings in Jones Lang LaSalle were worth $24,075,000 at the end of the most recent reporting period.

Other hedge funds also recently bought and sold shares of the company. Harbor Spring Capital LLC bought a new stake in Jones Lang LaSalle during the first quarter worth about $37,224,000. BlackRock Inc. increased its stake in Jones Lang LaSalle by 2,744.5% in the first quarter. BlackRock Inc. now owns 4,348,540 shares of the financial services provider’s stock worth $484,647,000 after buying an additional 4,195,662 shares during the period. Morgan Stanley increased its stake in Jones Lang LaSalle by 61.9% in the first quarter. Morgan Stanley now owns 197,432 shares of the financial services provider’s stock worth $22,004,000 after buying an additional 75,475 shares during the period. Caisse DE Depot ET Placement DU Quebec increased its stake in Jones Lang LaSalle by 7.4% in the first quarter. Caisse DE Depot ET Placement DU Quebec now owns 7,300 shares of the financial services provider’s stock worth $814,000 after buying an additional 500 shares during the period. Finally, Dimensional Fund Advisors LP increased its stake in Jones Lang LaSalle by 40.7% in the first quarter. Dimensional Fund Advisors LP now owns 467,282 shares of the financial services provider’s stock worth $52,076,000 after buying an additional 135,132 shares during the period. Institutional investors and hedge funds own 88.82% of the company’s stock.

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

Shares of Jones Lang LaSalle Incorporated (NYSE:JLL) traded down 0.23% during trading on Thursday, reaching $119.95. 282,895 shares of the company’s stock were exchanged. The firm has a market cap of $5.43 billion, a price-to-earnings ratio of 18.03 and a beta of 1.76. The stock has a 50-day moving average price of $116.31 and a 200 day moving average price of $109.27. Jones Lang LaSalle Incorporated has a 12 month low of $86.62 and a 12 month high of $126.80.

Jones Lang LaSalle (NYSE:JLL) last released its quarterly earnings results on Friday, May 5th. The financial services provider reported $0.45 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.38 by $0.07. Jones Lang LaSalle had a net margin of 4.28% and a return on equity of 12.44%. The firm had revenue of $1.62 billion during the quarter, compared to analyst estimates of $1.46 billion. During the same quarter in the prior year, the firm earned $0.82 EPS. The business’s revenue for the quarter was up 20.8% compared to the same quarter last year. On average, analysts forecast that Jones Lang LaSalle Incorporated will post $7.98 EPS for the current year.

The firm also recently declared a semiannual dividend, which will be paid on Thursday, June 15th. Stockholders of record on Monday, May 15th will be given a dividend of $0.35 per share. The ex-dividend date of this dividend is Thursday, May 11th. This represents a dividend yield of 0.57%. This is a positive change from Jones Lang LaSalle’s previous semiannual dividend of $0.33. Jones Lang LaSalle’s dividend payout ratio is presently 10.54%.

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A number of analysts recently issued reports on the stock. Barclays PLC raised their price objective on shares of Jones Lang LaSalle from $123.00 to $130.00 and gave the stock an “overweight” rating in a report on Friday, June 9th. Keefe, Bruyette & Woods reiterated a “hold” rating and set a $120.00 target price on shares of Jones Lang LaSalle in a research report on Friday, June 9th. ValuEngine lowered shares of Jones Lang LaSalle from a “buy” rating to a “hold” rating in a research report on Friday, June 2nd. Bank of America Corporation reiterated a “buy” rating and set a $140.00 target price on shares of Jones Lang LaSalle in a research report on Monday, May 8th. Finally, JMP Securities increased their target price on shares of Jones Lang LaSalle from $118.00 to $132.00 and gave the stock an “outperform” rating in a research report on Monday, May 8th. One investment analyst has rated the stock with a sell rating, four have assigned a hold rating and four have assigned a buy rating to the company. The company presently has an average rating of “Hold” and a consensus price target of $127.40.

In other news, Director Sheila A. Penrose sold 1,000 shares of the company’s stock in a transaction dated Monday, May 15th. The shares were sold at an average price of $115.44, for a total transaction of $115,440.00. Following the completion of the sale, the director now owns 48,847 shares of the company’s stock, valued at approximately $5,638,897.68. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. 0.72% of the stock is owned by corporate insiders.

Jones Lang LaSalle Company Profile

Jones Lang LaSalle Incorporated (JLL) is a financial and professional services company specializing in real estate. The Company operates through four business segments: Americas; Europe, Middle East and Africa (EMEA); Asia Pacific, and LaSalle. It offers integrated services on a local, regional and global basis to owner, occupier, investor and developer clients.new TradingView.widget({ “height”: 400, “width”: 625, “symbol”: “JLL”, “interval”: “D”, “timezone”: “Etc/UTC”, “theme”: “White”, “style”: “1”, “locale”: “en”, “toolbar_bg”: “#f1f3f6”, “enable_publishing”: false, “hideideas”: true, “referral_id”: “2588”});

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