Convergence Investment Partners LLC Has $164,000 Stock Holdings in Jones Lang LaSalle Inc (NYSE:JLL)

Convergence Investment Partners LLC trimmed its holdings in Jones Lang LaSalle Inc (NYSE:JLL) by 85.2% in the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 1,176 shares of the financial services provider’s stock after selling 6,767 shares during the quarter. Convergence Investment Partners LLC’s holdings in Jones Lang LaSalle were worth $164,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds have also bought and sold shares of the company. CWM LLC lifted its position in Jones Lang LaSalle by 161.8% in the third quarter. CWM LLC now owns 356 shares of the financial services provider’s stock worth $50,000 after purchasing an additional 220 shares during the period. State of Michigan Retirement System lifted its position in Jones Lang LaSalle by 10.4% in the third quarter. State of Michigan Retirement System now owns 14,900 shares of the financial services provider’s stock worth $2,072,000 after purchasing an additional 1,400 shares during the period. World Asset Management Inc lifted its position in Jones Lang LaSalle by 17.9% in the third quarter. World Asset Management Inc now owns 3,229 shares of the financial services provider’s stock worth $449,000 after purchasing an additional 490 shares during the period. Cascade Investment Advisors Inc. lifted its position in Jones Lang LaSalle by 3.7% in the third quarter. Cascade Investment Advisors Inc. now owns 9,555 shares of the financial services provider’s stock worth $1,329,000 after purchasing an additional 345 shares during the period. Finally, Boston Trust Walden Corp lifted its position in Jones Lang LaSalle by 39.3% in the third quarter. Boston Trust Walden Corp now owns 165,105 shares of the financial services provider’s stock worth $22,959,000 after purchasing an additional 46,567 shares during the period. 82.64% of the stock is owned by institutional investors.

Several research analysts recently commented on the company. JPMorgan Chase & Co. assumed coverage on Jones Lang LaSalle in a research report on Wednesday, July 17th. They issued an “overweight” rating and a $140.23 target price for the company. Barclays set a $179.00 target price on Jones Lang LaSalle and gave the stock a “buy” rating in a research report on Friday, October 11th. Compass Point assumed coverage on Jones Lang LaSalle in a research report on Wednesday, July 10th. They issued a “buy” rating and a $180.00 target price for the company. DA Davidson assumed coverage on Jones Lang LaSalle in a research report on Thursday, July 11th. They issued a “buy” rating for the company. Finally, UBS Group raised their target price on Jones Lang LaSalle from $175.00 to $178.00 and gave the stock a “buy” rating in a research report on Monday, August 12th. Two research analysts have rated the stock with a sell rating, three have assigned a hold rating and eight have given a buy rating to the company. The company currently has an average rating of “Hold” and a consensus target price of $173.69.

Shares of NYSE JLL opened at $144.59 on Friday. The stock has a market cap of $7.46 billion, a PE ratio of 11.28, a PEG ratio of 1.33 and a beta of 1.75. The business has a fifty day moving average of $138.76 and a two-hundred day moving average of $139.68. Jones Lang LaSalle Inc has a 52-week low of $119.79 and a 52-week high of $173.32. The company has a debt-to-equity ratio of 0.44, a quick ratio of 1.95 and a current ratio of 1.95.

Jones Lang LaSalle (NYSE:JLL) last issued its quarterly earnings data on Tuesday, August 6th. The financial services provider reported $2.94 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $2.33 by $0.61. The company had revenue of $2.35 billion during the quarter, compared to analysts’ expectations of $2.28 billion. Jones Lang LaSalle had a return on equity of 15.79% and a net margin of 2.76%. The business’s revenue was up 8.5% on a year-over-year basis. During the same period last year, the business earned $2.26 earnings per share. Analysts predict that Jones Lang LaSalle Inc will post 12.13 earnings per share for the current year.

Jones Lang LaSalle Profile

Jones Lang LaSalle Incorporated, a professional services company, provides commercial real estate and investment management services worldwide. It offers a range of real estate services, including agency leasing, logistics and supply-chain management, corporate finance, mortgage origination and servicing, debt placement, project and development management/design, digital, property management, energy and sustainability, real estate investment banking, integrated facilities management, research, investment management and advisory, strategic consulting and advisory, investment sale, tenant representation, lease administration, and valuations.

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

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