BI Asset Management Fondsmaeglerselskab A S Cuts Position in Jones Lang LaSalle Incorporated (NYSE:JLL)

BI Asset Management Fondsmaeglerselskab A S lowered its stake in shares of Jones Lang LaSalle Incorporated (NYSE:JLL - Free Report) by 67.4% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 4,592 shares of the financial services provider's stock after selling 9,475 shares during the quarter. BI Asset Management Fondsmaeglerselskab A S's holdings in Jones Lang LaSalle were worth $1,162,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors and hedge funds also recently added to or reduced their stakes in the stock. Invesco Ltd. boosted its holdings in shares of Jones Lang LaSalle by 0.9% in the 4th quarter. Invesco Ltd. now owns 944,623 shares of the financial services provider's stock valued at $239,122,000 after buying an additional 8,274 shares in the last quarter. Geode Capital Management LLC grew its holdings in Jones Lang LaSalle by 4.6% in the fourth quarter. Geode Capital Management LLC now owns 934,958 shares of the financial services provider's stock worth $240,190,000 after purchasing an additional 41,331 shares during the last quarter. Norges Bank acquired a new stake in shares of Jones Lang LaSalle in the 4th quarter worth $149,468,000. Arrowstreet Capital Limited Partnership grew its stake in Jones Lang LaSalle by 13.7% during the 4th quarter. Arrowstreet Capital Limited Partnership now owns 542,675 shares of the financial services provider's stock worth $137,373,000 after buying an additional 65,407 shares during the last quarter. Finally, Artemis Investment Management LLP increased its position in Jones Lang LaSalle by 18.9% during the 4th quarter. Artemis Investment Management LLP now owns 394,214 shares of the financial services provider's stock valued at $99,791,000 after buying an additional 62,700 shares in the last quarter. Hedge funds and other institutional investors own 94.80% of the company's stock.

Wall Street Analyst Weigh In

JLL has been the topic of a number of research analyst reports. JPMorgan Chase & Co. dropped their price target on Jones Lang LaSalle from $327.00 to $285.00 and set an "overweight" rating on the stock in a research note on Thursday, April 10th. StockNews.com downgraded shares of Jones Lang LaSalle from a "strong-buy" rating to a "buy" rating in a research report on Friday, April 11th. Keefe, Bruyette & Woods decreased their price target on shares of Jones Lang LaSalle from $325.00 to $280.00 and set an "outperform" rating for the company in a report on Thursday, April 17th. Raymond James boosted 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, UBS Group cut their target price on Jones Lang LaSalle from $340.00 to $305.00 and set a "buy" rating on the stock in a research report on Friday, April 11th. Six analysts have rated the stock with a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat.com, the company has a consensus rating of "Buy" and a consensus target price of $315.83.

Jones Lang LaSalle Stock Up 3.1 %

NYSE:JLL opened at $210.86 on Wednesday. The firm has a market capitalization of $10.02 billion, a P/E ratio of 18.68 and a beta of 1.22. The company's fifty day moving average price is $244.83 and its 200-day moving average price is $258.99. Jones Lang LaSalle Incorporated has a 1-year low of $178.60 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.

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 earnings per share for the quarter, beating analysts' consensus estimates of $5.76 by $0.39. The business had revenue of $6.81 billion during the quarter, compared to analyst estimates of $6.65 billion. Jones Lang LaSalle had a return on equity of 10.20% and a net margin of 2.33%. The company's revenue was up 15.8% on a year-over-year basis. During the same quarter last year, the business posted $4.23 EPS. As a group, equities research analysts anticipate that Jones Lang LaSalle Incorporated will post 16.45 EPS 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.

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