Epoch Investment Partners Inc. Has $66.92 Million Stake in Jones Lang LaSalle Incorporated (NYSE:JLL)

Epoch Investment Partners Inc. raised its holdings in Jones Lang LaSalle Incorporated (NYSE:JLL) by 33.9% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 264,370 shares of the financial services provider’s stock after buying an additional 66,967 shares during the quarter. Epoch Investment Partners Inc. owned 0.56% of Jones Lang LaSalle worth $66,923,000 as of its most recent SEC filing.

Other hedge funds also recently made changes to their positions in the company. Invesco Ltd. raised its position in Jones Lang LaSalle by 0.9% in the fourth quarter. Invesco Ltd. now owns 944,623 shares of the financial services provider’s stock worth $239,122,000 after purchasing an additional 8,274 shares in the last quarter. Geode Capital Management LLC grew its stake in shares of Jones Lang LaSalle by 4.6% in the 4th quarter. Geode Capital Management LLC now owns 934,958 shares of the financial services provider’s stock valued at $240,190,000 after purchasing an additional 41,331 shares during the period. Norges Bank acquired a new position in shares of Jones Lang LaSalle in the 4th quarter worth approximately $149,468,000. Arrowstreet Capital Limited Partnership boosted its stake in Jones Lang LaSalle by 13.7% in the 4th quarter. Arrowstreet Capital Limited Partnership now owns 542,675 shares of the financial services provider’s stock valued at $137,373,000 after buying an additional 65,407 shares in the last quarter. Finally, Artemis Investment Management LLP grew its position in Jones Lang LaSalle by 18.9% in the fourth quarter. Artemis Investment Management LLP now owns 394,214 shares of the financial services provider’s stock valued at $99,791,000 after acquiring an additional 62,700 shares during the period. Institutional investors and hedge funds own 94.80% of the company’s stock.

Jones Lang LaSalle Price Performance

Jones Lang LaSalle stock opened at $210.71 on Friday. The company has a quick ratio of 2.29, a current ratio of 2.00 and a debt-to-equity ratio of 0.12. Jones Lang LaSalle Incorporated has a 12-month low of $175.12 and a 12-month high of $288.50. The stock has a market cap of $9.99 billion, a price-to-earnings ratio of 18.66 and a beta of 1.22. The business’s 50-day simple moving average is $247.53 and its 200 day simple moving average is $259.76.

Jones Lang LaSalle (NYSE:JLL) last announced its quarterly earnings data on Wednesday, February 19th. The financial services provider reported $6.15 earnings per share for the quarter, beating the consensus estimate of $5.76 by $0.39. The business had revenue of $6.81 billion for the quarter, compared to analyst estimates of $6.65 billion. Jones Lang LaSalle had a net margin of 2.33% and a return on equity of 10.20%. Jones Lang LaSalle’s revenue was up 15.8% compared to the same quarter last year. During the same period in the prior year, the business posted $4.23 earnings per share. As a group, research analysts anticipate that Jones Lang LaSalle Incorporated will post 16.45 earnings per share for the current year.

Analyst Upgrades and Downgrades

Several brokerages have recently commented on JLL. JPMorgan Chase & Co. reduced their target price on shares of Jones Lang LaSalle from $327.00 to $285.00 and set an “overweight” rating on the stock in a research note on Thursday, April 10th. Raymond James upped their price objective on shares of Jones Lang LaSalle from $317.00 to $320.00 and gave the stock a “strong-buy” rating in a research note on Friday, January 24th. StockNews.com cut shares of Jones Lang LaSalle from a “strong-buy” rating to a “buy” rating in a research note on Friday, April 11th. UBS Group dropped their price target on Jones Lang LaSalle from $340.00 to $305.00 and set a “buy” rating for the company in a report on Friday, April 11th. Finally, Keefe, Bruyette & Woods cut their price target on Jones Lang LaSalle from $325.00 to $280.00 and set an “outperform” rating for the company in a report on Thursday. Six research analysts have rated the stock with a buy rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Buy” and an average price target of $315.83.

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.