Bank of New York Mellon Corp Sells 6,386 Shares of Jones Lang LaSalle Incorporated (NYSE:JLL)

Bank of New York Mellon Corp trimmed its stake in shares of Jones Lang LaSalle Incorporated (NYSE:JLL - Free Report) by 1.8% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 355,592 shares of the financial services provider's stock after selling 6,386 shares during the quarter. Bank of New York Mellon Corp owned approximately 0.75% of Jones Lang LaSalle worth $90,015,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also added to or reduced their stakes in JLL. FMR LLC boosted its stake in shares of Jones Lang LaSalle by 15.0% during the third quarter. FMR LLC now owns 3,530,720 shares of the financial services provider's stock valued at $952,624,000 after purchasing an additional 459,466 shares in the last quarter. State Street Corp boosted its position in Jones Lang LaSalle by 0.4% during the 3rd quarter. State Street Corp now owns 1,423,831 shares of the financial services provider's stock worth $384,164,000 after buying an additional 6,304 shares during the period. Wellington Management Group LLP grew its holdings in Jones Lang LaSalle by 6.3% during the 3rd quarter. Wellington Management Group LLP now owns 899,305 shares of the financial services provider's stock worth $242,641,000 after acquiring an additional 53,066 shares during the last quarter. Geode Capital Management LLC raised its stake in shares of Jones Lang LaSalle by 0.3% during the third quarter. Geode Capital Management LLC now owns 893,627 shares of the financial services provider's stock valued at $241,165,000 after acquiring an additional 3,109 shares during the last quarter. Finally, Artemis Investment Management LLP lifted its holdings in shares of Jones Lang LaSalle by 18.9% during the fourth quarter. Artemis Investment Management LLP now owns 394,214 shares of the financial services provider's stock worth $99,791,000 after purchasing an additional 62,700 shares during the period. Institutional investors own 94.80% of the company's stock.

Wall Street Analyst Weigh In

Several research analysts recently issued reports on JLL shares. Raymond James raised their target price on Jones Lang LaSalle from $317.00 to $320.00 and gave the stock a "strong-buy" rating in a research report on Friday, January 24th. The Goldman Sachs Group began coverage on Jones Lang LaSalle in a research report on Friday, December 6th. They set a "buy" rating and a $352.00 price objective for the company. Wolfe Research raised shares of Jones Lang LaSalle from a "peer perform" rating to an "outperform" rating and set a $353.00 target price for the company in a research report on Monday, November 25th. StockNews.com downgraded shares of Jones Lang LaSalle from a "strong-buy" rating to a "buy" rating in a research report on Tuesday, February 25th. Finally, JPMorgan Chase & Co. increased their price objective 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. Seven analysts have rated the stock with a buy rating and one has given a strong buy rating to the company. According to 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 2.0 %

Shares of JLL traded down $5.39 during trading hours on Monday, hitting $266.50. The stock had a trading volume of 288,058 shares, compared to its average volume of 288,745. The firm has a 50 day simple moving average of $265.94 and a 200-day simple moving average of $264.31. Jones Lang LaSalle Incorporated has a 1-year low of $171.45 and a 1-year high of $288.50. 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 firm has a market capitalization of $12.63 billion, a P/E ratio of 23.60 and a beta of 1.36.

Jones Lang LaSalle (NYSE:JLL - Get Free Report) last released its quarterly earnings data on Wednesday, February 19th. The financial services provider reported $6.15 EPS for the quarter, beating 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 the consensus estimate of $6.65 billion. During the same quarter in the previous year, the company posted $4.23 earnings per share. The company's quarterly revenue was up 15.8% on a year-over-year basis. Sell-side analysts predict that Jones Lang LaSalle Incorporated will post 16.45 EPS for the current fiscal 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.