Credit Suisse AG trimmed its holdings in shares of Jones Lang LaSalle Inc (NYSE:JLL) by 15.6% in the third quarter, HoldingsChannel reports. The firm owned 88,370 shares of the financial services provider’s stock after selling 16,356 shares during the quarter. Credit Suisse AG’s holdings in Jones Lang LaSalle were worth $12,754,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Pinnacle Financial Partners Inc. bought a new stake in Jones Lang LaSalle during the 3rd quarter worth approximately $125,000. Cornerstone Wealth Management LLC bought a new stake in Jones Lang LaSalle during the 2nd quarter worth approximately $172,000. Itau Unibanco Holding S.A. bought a new stake in Jones Lang LaSalle during the 2nd quarter worth approximately $183,000. CHICAGO TRUST Co NA bought a new stake in Jones Lang LaSalle during the 3rd quarter worth approximately $202,000. Finally, Eqis Capital Management Inc. bought a new stake in Jones Lang LaSalle during the 2nd quarter worth approximately $207,000. 94.15% of the stock is owned by institutional investors and hedge funds.

JLL has been the subject of a number of research reports. Zacks Investment Research raised Jones Lang LaSalle from a “sell” rating to a “hold” rating in a research note on Monday, August 20th. ValuEngine cut Jones Lang LaSalle from a “hold” rating to a “sell” rating in a research note on Tuesday, November 13th. Finally, Barclays increased their target price on Jones Lang LaSalle from $165.00 to $167.00 and gave the stock an “overweight” rating in a research note on Friday, November 16th. Four investment analysts have rated the stock with a hold rating and five have issued a buy rating to the company’s stock. Jones Lang LaSalle currently has an average rating of “Buy” and an average target price of $172.00.

Shares of JLL opened at $138.24 on Friday. The company has a market cap of $6.06 billion, a PE ratio of 11.91, a price-to-earnings-growth ratio of 1.12 and a beta of 1.58. Jones Lang LaSalle Inc has a twelve month low of $127.02 and a twelve month high of $178.75. The company has a debt-to-equity ratio of 0.25, a current ratio of 1.89 and a quick ratio of 1.89.

Jones Lang LaSalle (NYSE:JLL) last issued its quarterly earnings results on Tuesday, November 6th. The financial services provider reported $3.02 earnings per share for the quarter, topping the consensus estimate of $2.31 by $0.71. The company had revenue of $2.21 billion during the quarter, compared to analysts’ expectations of $2.12 billion. Jones Lang LaSalle had a net margin of 2.59% and a return on equity of 14.87%. The business’s quarterly revenue was up 11.8% on a year-over-year basis. During the same period last year, the business earned $1.96 EPS. As a group, sell-side analysts expect that Jones Lang LaSalle Inc will post 10.81 EPS for the current fiscal year.

The firm also recently declared a semiannual dividend, which will be paid on Friday, December 14th. Stockholders of record on Friday, November 16th will be paid a dividend of $0.41 per share. The ex-dividend date of this dividend is Thursday, November 15th. This represents a dividend yield of 0.56%. Jones Lang LaSalle’s dividend payout ratio is currently 8.95%.

COPYRIGHT VIOLATION WARNING: “Credit Suisse AG Lowers Position in Jones Lang LaSalle Inc (JLL)” was originally reported by Watch List News and is the sole property of of Watch List News. If you are reading this article on another site, it was copied illegally and republished in violation of international trademark & copyright law. The original version of this article can be accessed at https://www.watchlistnews.com/credit-suisse-ag-lowers-position-in-jones-lang-lasalle-inc-jll/2666860.html.

About Jones Lang LaSalle

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, project and development management/construction, capital markets, property management, corporate finance, real estate investment banking/merchant banking, energy and sustainability, research, facility management outsourcing, strategic consulting, technology solutions, advisory, investment management, tenant representation, lease administration, transaction management, logistics and supply-chain management, valuations, and mortgage origination and servicing.

Featured Story: Fundamental Analysis and Individual Investors

Want to see what other hedge funds are holding JLL? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Jones Lang LaSalle Inc (NYSE:JLL).

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

Receive News & Ratings for Jones Lang LaSalle Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Jones Lang LaSalle and related companies with MarketBeat.com's FREE daily email newsletter.