The Los Angeles Capital Management & Equity Research Inc. Has $544,000 Stake in Jones Lang LaSalle Incorporated (JLL)

The Los Angeles Capital Management & Equity Research Inc. Has $544,000 Stake in Jones Lang LaSalle Incorporated (JLL)

Los Angeles Capital Management & Equity Research Inc. lowered its stake in Jones Lang LaSalle Incorporated (NYSE:JLL) by 35.8% during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 4,781 shares of the company’s stock after selling 2,663 shares during the period. Los Angeles Capital Management & Equity Research Inc.’s holdings in Jones Lang LaSalle were worth $544,000 as of its most recent filing with the SEC.

Other institutional investors also recently bought and sold shares of the company. DekaBank Deutsche Girozentrale raised its position in Jones Lang LaSalle by 4.6% in the third quarter. DekaBank Deutsche Girozentrale now owns 5,121 shares of the company’s stock valued at $585,000 after buying an additional 227 shares during the last quarter. Municipal Employees Retirement System of Michigan raised its position in Jones Lang LaSalle by 1.5% in the third quarter. Municipal Employees Retirement System of Michigan now owns 20,250 shares of the company’s stock valued at $2,304,000 after buying an additional 300 shares during the last quarter. Canada Pension Plan Investment Board raised its position in Jones Lang LaSalle by 19.8% in the third quarter. Canada Pension Plan Investment Board now owns 7,800 shares of the company’s stock valued at $888,000 after buying an additional 1,290 shares during the last quarter. Rhumbline Advisers raised its position in Jones Lang LaSalle by 4.1% in the third quarter. Rhumbline Advisers now owns 77,704 shares of the company’s stock valued at $8,842,000 after buying an additional 3,070 shares during the last quarter. Finally, Teachers Advisors LLC raised its position in Jones Lang LaSalle by 15.9% in the third quarter. Teachers Advisors LLC now owns 52,681 shares of the company’s stock valued at $5,995,000 after buying an additional 7,242 shares during the last quarter. Institutional investors own 88.53% of the company’s stock.

Jones Lang LaSalle Incorporated (NYSE:JLL) traded down 1.19% during trading on Wednesday, hitting $101.48. The stock had a trading volume of 294,048 shares. Jones Lang LaSalle Incorporated has a one year low of $86.62 and a one year high of $142.06. The firm has a market capitalization of $4.59 billion, a P/E ratio of 13.26 and a beta of 1.81. The stock has a 50 day moving average of $103.13 and a 200 day moving average of $106.16.

Jones Lang LaSalle (NYSE:JLL) last posted its earnings results on Wednesday, November 2nd. The company reported $1.42 EPS for the quarter, missing the consensus estimate of $1.99 by $0.57. The firm earned $1.71 billion during the quarter, compared to the consensus estimate of $1.50 billion. Jones Lang LaSalle had a net margin of 5.34% and a return on equity of 14.19%. Jones Lang LaSalle’s revenue for the quarter was up 13.6% compared to the same quarter last year. During the same quarter in the prior year, the business posted $2.56 earnings per share. Equities research analysts expect that Jones Lang LaSalle Incorporated will post $8.16 earnings per share for the current fiscal year.

Several equities analysts have recently issued reports on the company. Zacks Investment Research upgraded Jones Lang LaSalle from a “strong sell” rating to a “hold” rating in a research report on Monday, December 19th. Keefe, Bruyette & Woods lowered Jones Lang LaSalle from an “outperform” rating to a “market perform” rating and decreased their target price for the stock from $115.00 to $110.00 in a research report on Tuesday, December 13th. TheStreet lowered Jones Lang LaSalle from a “buy” rating to a “hold” rating in a research report on Tuesday, November 8th. JMP Securities restated a “buy” rating on shares of Jones Lang LaSalle in a research report on Thursday, November 3rd. Finally, Wedbush started coverage on Jones Lang LaSalle in a research report on Wednesday, October 5th. They set a “neutral” rating and a $126.00 target price for the company. Four equities research analysts have rated the stock with a hold rating and three have issued a buy rating to the company’s stock. Jones Lang LaSalle currently has a consensus rating of “Hold” and an average price target of $127.25.

Jones Lang LaSalle Company Profile

Jones Lang LaSalle Incorporated (JLL) is a financial and professional services firm specializing in real estate. The Company operates through four business segments: Americas; Europe, Middle East and Africa (EMEA); Asia Pacific, and LaSalle. JLL provides real estate services (RES) through three business segments: the Americas, EMEA and Asia Pacific.

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