Ashford Investment Management Exits Position in Jones Lang LaSalle Inc (JLL)

Jones Lang LaSalle Inc (JLL) : Ashford Investment Management has sold out all of its stake in Jones Lang LaSalle Inc during the most recent quarter, according to the disclosure filed by the company on Aug 12, 2016 with the SEC. The investment management company has sold out 10,400 shares of Jones Lang LaSalle Inc which is valued at $1,215,656.

Other Hedge Funds, Including , Highpoint Advisor Group sold out all of its stake in JLL during the most recent quarter. The investment firm sold 2,507 shares of JLL which is valued $293,043. Neuberger Berman Group sold out all of its stake in JLL during the most recent quarter. The investment firm sold 130,770 shares of JLL which is valued $15,296,167.Chesley Taft Associates reduced its stake in JLL by selling 780 shares or 7.72% in the most recent quarter. The Hedge Fund company now holds 9,330 shares of JLL which is valued at $1,013,145. Jones Lang LaSalle Inc makes up approx 0.10% of Chesley Taft Associates’s portfolio. V Wealth Managementllc sold out all of its stake in JLL during the most recent quarter. The investment firm sold 12,813 shares of JLL which is valued $1,357,665.

Jones Lang LaSalle Inc opened for trading at $116.24 and hit $117.84 on the upside on Monday, eventually ending the session at $116.33, with a gain of 0.11% or 0.13 points. The heightened volatility saw the trading volume jump to 2,53,213 shares. Company has a market cap of $5,256 M.

On the company’s financial health, Jones Lang LaSalle Inc reported $1.93 EPS for the quarter, beating the analyst consensus estimate by $ 0.04 according to the earnings call on Aug 2, 2016. Analyst had a consensus of $1.89. The company had revenue of $1604.00 million for the quarter, compared to analysts expectations of $1470.94 million. The company’s revenue was up 16.7% compared to the same quarter last year. During the same quarter in the previous year, the company posted $2.05 EPS.

Many Wall Street Analysts have commented on Jones Lang LaSalle Inc. Jones Lang LaSalle Inc was Upgraded by Goldman to ” Buy” on May 20, 2016. Keefe Bruyette Initiated Jones Lang LaSalle Inc on May 16, 2016 to “Outperform”, Price Target of the shares are set at $131.

Jones Lang LaSalle Incorporated (JLL) is a financial and professional services firm specializing in real estate. The Company operates through four business segments. JLL provides real estate services through three business segments: the Americas Europe the Middle East and Africa (EMEA) and Asia Pacific. JLL’s fourth business segment is LaSalle Investment Management (LaSalle). The Company provides a range of integrated property project management and transaction services locally regionally and globally through its Americas EMEA and Asia Pacific operating segments. The Company manages its investment management business globally as LaSalle. The Company provides a range of real estate services to real estate owners occupiers investors and developers for a range of property types. The Company offers its products and services under the JLL LaSalle Investment Management and Tetris brands.

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