Investec Asset Management North America Inc decreased its stake in Jones Lang Lasalle Inc (JLL) by 79.75% based on its latest 2016Q3 regulatory filing with the SEC. Investec Asset Management North America Inc sold 27,324 shares as the company’s stock rose 18.65% with the market. The institutional investor held 6,936 shares of the real estate company at the end of 2016Q3, valued at $789,000, down from 34,260 at the end of the previous reported quarter. Investec Asset Management North America Inc who had been investing in Jones Lang Lasalle Inc for a number of months, seems to be less bullish one the $4.84 billion market cap company. The stock last traded at $106.85 per share. It is down 12.31% since June 7, 2016 and is downtrending. It has underperformed by 19.73% the S&P500.
Investec Asset Management North America Inc, which manages about $2.91 billion and $745.17M US Long portfolio, upped its stake in Canadian Natural Resources Ltd (NYSE:CNQ) by 148,172 shares to 280,180 shares, valued at $8.94M in 2016Q3, according to the filing.
Investec Asset Management North America Inc is a New York-based institutional investor with more than $2.91 billion AUM in November, 2014. This fund invests only a small percentage of its assets in equities and options. Taken from Investec Asset Management North America latest Adv, the fund reported to have 38 full and part-time employees. Among which 14 performing investment advisory and research functions. The institutional investor had between 11-25 clients.
Insitutional Activity: The institutional sentiment decreased to 0.75 in Q3 2016. Its down 0.56, from 1.31 in 2016Q2. The ratio worsened, as 52 funds sold all JLL shares owned while 129 reduced positions. 36 funds bought stakes while 100 increased positions. They now own 39.09 million shares or 0.98% more from 38.71 million shares in 2016Q2. Utah Retirement System reported 11,693 shares or 0.03% of all its holdings. Invesco Ltd has 188,485 shares for 0.01% of their US portfolio. Jnba Financial Advisors holds 0% of its portfolio in Jones Lang LaSalle Inc (NYSE:JLL) for 131 shares. Lazard Asset Mngmt Limited Liability Com accumulated 0.02% or 80,372 shares. Sei Investments Co holds 7,557 shares or 0% of its portfolio. Sumitomo Life Insurance holds 1,578 shares or 0.03% of its portfolio. Blackrock Group owns 234,128 shares or 0.01% of their US portfolio. The Ohio-based Huntington Financial Bank has invested 0% in Jones Lang LaSalle Inc (NYSE:JLL). The Ohio-based Victory Cap has invested 0% in Jones Lang LaSalle Inc (NYSE:JLL). Blackrock Advsrs Ltd Liability owns 64,695 shares or 0.01% of their US portfolio. The Hong Kong-based Point72 Asia (Hong Kong) has invested 0.11% in Jones Lang LaSalle Inc (NYSE:JLL). X Mgmt Limited holds 0.01% of its portfolio in Jones Lang LaSalle Inc (NYSE:JLL) for 2,561 shares. The Illinois-based Archford Capital Strategies Ltd has invested 0% in Jones Lang LaSalle Inc (NYSE:JLL). Johnson Financial, a Wisconsin-based fund reported 170 shares. Aberdeen Asset Management Pcl Uk last reported 0.05% of its portfolio in the stock.
Insider Transactions: Since September 19, 2016, the stock had 0 insider buys, and 1 insider sale for $115,000 net activity. $115,000 worth of Jones Lang LaSalle Inc (NYSE:JLL) shares were sold by PENROSE SHEILA A.
Analysts await Jones Lang LaSalle Inc (NYSE:JLL) to report earnings on February, 1. They expect $4.23 earnings per share, down 6.62% or $0.30 from last year’s $4.53 per share. JLL’s profit will be $191.61 million for 6.32 P/E if the $4.23 EPS becomes a reality. After $1.42 actual earnings per share reported by Jones Lang LaSalle Inc for the previous quarter, Wall Street now forecasts 197.89% EPS growth.
More notable recent Jones Lang LaSalle Inc (NYSE:JLL) news were published by: Bloomberg.com which released: “Jones Lang LaSalle to Replace Retiring Dyer With Ulbrich as CEO” on August 24, 2016, also Chicagobusiness.com with their article: “A rough ride for Jones Lang LaSalle” published on February 27, 2016, Barrons.com published: “The Case for Buying Jones Lang LaSalle” on May 28, 2016. More interesting news about Jones Lang LaSalle Inc (NYSE:JLL) were released by: Forbes.com and their article: “Jones Lang LaSalle is Now Oversold (JLL)” published on February 03, 2016 as well as Chicagobusiness.com‘s news article titled: “JLL buys consulting firm ATG Technology” with publication date: October 05, 2016.
According to Zacks Investment Research, “Jones Lang Lasalle, Inc. is a leading full-service real estate firm that provides management services, corporate and financial services and investment management services to corporations and other real estate owners, users and investors worldwide. By offering a broad range of real estate products and services, and through its extensive knowledge of domestic and international real estate markets, the company is able to serve as a single source provider of solutions for its clients’ full range of real estate needs.”
Jones Lang LaSalle Inc (NYSE:JLL) Ratings Coverage
Out of 7 analysts covering Jones Lang Lasalle Incorporated (NYSE:JLL), 4 rate it a “Buy”, 0 “Sell”, while 3 “Hold”. This means 57% are positive. Jones Lang Lasalle Incorporated has been the topic of 13 analyst reports since August 12, 2015 according to StockzIntelligence Inc. Barclays Capital maintained the stock with “Overweight” rating in Tuesday, July 19 report. The rating was maintained by Barclays Capital with “Overweight” on Wednesday, September 2. Goldman Sachs downgraded the stock to “Neutral” rating in Wednesday, August 12 report. Barclays Capital maintained it with “Overweight” rating and $137 target price in Monday, May 16 report. The firm earned “Outperform” rating on Monday, May 16 by Wood. Sterne Agee CRT initiated Jones Lang LaSalle Inc (NYSE:JLL) on Wednesday, August 26 with “Neutral” rating. As per Tuesday, December 13, the company rating was downgraded by Keefe Bruyette & Woods. The company was upgraded on Friday, May 20 by Goldman Sachs. As per Thursday, October 6, the company rating was initiated by Wedbush. Keefe Bruyette & Woods initiated it with “Outperform” rating and $131 target price in Monday, May 16 report.
JLL Company Profile
Jones Lang LaSalle Incorporated (JLL), incorporated on April 15, 1997, is a financial and professional services firm specializing in real estate. The Firm operates through four business divisions: 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 seeking increased value by owning, occupying or investing in real estate. It has over 280 corporate offices across the world, from which it provides services to clients in over 80 countries. JLL provides real estate services (RES) through three business divisions: the Americas, EMEA and Asia Pacific. The Company’s range of real estate services include agency leasing, capital markets, corporate finance, energy and sustainability services, facility management outsourcing (occupiers), investment management, lease administration, logistics and supply chain management, mortgage origination and servicing, project and development management/construction, property management (investors), real estate investment banking/merchant banking, research, strategic consulting and advisory services, tenant representation, transaction management, valuations and value recovery and receivership services. JLL offers its services for a range of property types, including critical environments and data centers, infrastructure projects, cultural facilities, military housing, educational facilities, office properties, Government facilities, residential properties (individual and multi-family), healthcare and laboratory facilities, retail properties and shopping malls, hotels and hospitality facilities, sports facilities, industrial and warehouse properties, and transportation centers. The Firm also offers property tax advisory services.
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