Jones Lang LaSalle Incorporated (NYSE:JLL) Shares Sold by Alliancebernstein L.P.

Alliancebernstein L.P. trimmed its holdings in Jones Lang LaSalle Incorporated (NYSE:JLL - Free Report) by 7.3% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 549,921 shares of the financial services provider's stock after selling 43,188 shares during the quarter. Alliancebernstein L.P. owned about 1.16% of Jones Lang LaSalle worth $139,207,000 as of its most recent SEC filing.

Other large investors also recently added to or reduced their stakes in the company. Private Trust Co. NA raised its position in shares of Jones Lang LaSalle by 112.0% during the 4th quarter. Private Trust Co. NA now owns 106 shares of the financial services provider's stock valued at $27,000 after buying an additional 56 shares during the period. R Squared Ltd acquired a new stake in shares of Jones Lang LaSalle during the fourth quarter valued at about $35,000. Principal Securities Inc. boosted its position in shares of Jones Lang LaSalle by 166.7% during the 4th quarter. Principal Securities Inc. now owns 176 shares of the financial services provider's stock worth $45,000 after purchasing an additional 110 shares during the period. MassMutual Private Wealth & Trust FSB raised its position in Jones Lang LaSalle by 35.7% in the fourth quarter. MassMutual Private Wealth & Trust FSB now owns 194 shares of the financial services provider's stock valued at $49,000 after purchasing an additional 51 shares during the period. Finally, V Square Quantitative Management LLC boosted its position in shares of Jones Lang LaSalle by 52.9% during the fourth quarter. V Square Quantitative Management LLC now owns 208 shares of the financial services provider's stock worth $53,000 after buying an additional 72 shares during the period. 94.80% of the stock is currently owned by hedge funds and other institutional investors.

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Analyst Upgrades and Downgrades

Several equities analysts recently issued reports on JLL shares. Keefe, Bruyette & Woods raised Jones Lang LaSalle from a "market perform" rating to an "outperform" rating and increased their target price for the stock from $292.00 to $325.00 in a research note on Tuesday, December 10th. JPMorgan Chase & Co. increased their price target on shares of Jones Lang LaSalle from $263.00 to $327.00 and gave the stock an "overweight" rating in a research report on Monday, December 16th. Raymond James lifted their price objective on shares of Jones Lang LaSalle from $317.00 to $320.00 and gave the company a "strong-buy" rating in a report on Friday, January 24th. Finally, StockNews.com raised shares of Jones Lang LaSalle from a "buy" rating to a "strong-buy" rating in a research report on Saturday, March 22nd. Six research analysts have rated the stock with a buy rating and two have assigned a strong buy rating to the company. Based on data from MarketBeat.com, the company presently has a consensus rating of "Buy" and a consensus target price of $309.00.

Jones Lang LaSalle Stock Down 5.4 %

Shares of JLL traded down $12.53 during midday trading on Friday, reaching $219.47. The stock had a trading volume of 577,795 shares, compared to its average volume of 306,812. The company has a debt-to-equity ratio of 0.12, a current ratio of 2.00 and a quick ratio of 2.29. The company's fifty day simple moving average is $263.62 and its two-hundred day simple moving average is $264.12. The company has a market cap of $10.40 billion, a price-to-earnings ratio of 19.44 and a beta of 1.22. Jones Lang LaSalle Incorporated has a 1-year low of $171.45 and a 1-year high of $288.50.

Jones Lang LaSalle (NYSE:JLL - Get Free Report) last posted its earnings results on Wednesday, February 19th. The financial services provider reported $6.15 earnings per share for the quarter, topping the consensus estimate of $5.76 by $0.39. Jones Lang LaSalle had a return on equity of 10.20% and a net margin of 2.33%. The firm had revenue of $6.81 billion during the quarter, compared to analysts' expectations of $6.65 billion. During the same quarter in the previous year, the business earned $4.23 earnings per share. The firm's revenue was up 15.8% compared to the same quarter last year. Equities research analysts expect that Jones Lang LaSalle Incorporated will post 16.45 earnings per share for the current year.

About Jones Lang LaSalle

Jones Lang LaSalle Incorporated operates as a commercial real estate and investment management company. It engages in the buying, building, occupying, managing, and investing in a commercial, industrial, hotel, residential, and retail properties in Americas, Europe, the Middle East, Africa, and the Asia Pacific.