Kerrisdale Advisers buys $57,954,179 stake in Jones Lang LaSalle Inc (JLL)

Jones Lang LaSalle Inc (JLL) : Kerrisdale Advisers scooped up 8,222 additional shares in Jones Lang LaSalle Inc during the most recent quarter end , the firm said in a disclosure report filed with the SEC on Aug 12, 2016. The investment management firm now holds a total of 495,801 shares of Jones Lang LaSalle Inc which is valued at $57,954,179.Jones Lang LaSalle Inc makes up approximately 14.54% of Kerrisdale Advisers’s portfolio.

Other Hedge Funds, Including , Coe Capital Management reduced its stake in JLL by selling 240 shares or 2.21% in the most recent quarter. The Hedge Fund company now holds 10,625 shares of JLL which is valued at $1,241,956. Jones Lang LaSalle Inc makes up approx 0.39% of Coe Capital Management’s portfolio. High Pointe Capital Management added JLL to its portfolio by purchasing 7,890 company shares during the most recent quarter which is valued at $926,996. Jones Lang LaSalle Inc makes up approx 1.30% of High Pointe Capital Management’s portfolio.Great West Life Assurance Co Can boosted its stake in JLL in the latest quarter, The investment management firm added 21,309 additional shares and now holds a total of 32,298 shares of Jones Lang LaSalle Inc which is valued at $3,735,587. Jones Lang LaSalle Inc makes up approx 0.01% of Great West Life Assurance Co Can’s portfolio.Pekin Singer Strauss Asset Management Il boosted its stake in JLL in the latest quarter, The investment management firm added 128,126 additional shares and now holds a total of 142,891 shares of Jones Lang LaSalle Inc which is valued at $16,526,773. Jones Lang LaSalle Inc makes up approx 3.52% of Pekin Singer Strauss Asset Management Il’s portfolio.Gemmer Asset Management boosted its stake in JLL in the latest quarter, The investment management firm added 24 additional shares and now holds a total of 45 shares of Jones Lang LaSalle Inc which is valued at $4,887.

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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