Bridges Investment Management Inc. Trims Stock Holdings in Jones Lang LaSalle Incorporated (NYSE:JLL)

Bridges Investment Management Inc. cut its holdings in Jones Lang LaSalle Incorporated (NYSE:JLL - Free Report) by 49.2% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 2,021 shares of the financial services provider's stock after selling 1,960 shares during the period. Bridges Investment Management Inc.'s holdings in Jones Lang LaSalle were worth $512,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also bought and sold shares of the business. Private Trust Co. NA lifted its holdings in 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 worth $27,000 after purchasing an additional 56 shares in the last quarter. Brooklyn Investment Group purchased a new position in Jones Lang LaSalle during the 3rd quarter valued at about $34,000. R Squared Ltd purchased a new position in shares of Jones Lang LaSalle during the fourth quarter worth about $35,000. Principal Securities Inc. grew its holdings in shares of Jones Lang LaSalle by 166.7% during the fourth quarter. Principal Securities Inc. now owns 176 shares of the financial services provider's stock worth $45,000 after purchasing an additional 110 shares in the last quarter. Finally, MassMutual Private Wealth & Trust FSB grew its holdings in shares of Jones Lang LaSalle by 35.7% during the fourth quarter. MassMutual Private Wealth & Trust FSB now owns 194 shares of the financial services provider's stock worth $49,000 after purchasing an additional 51 shares in the last quarter. Institutional investors own 94.80% of the company's stock.

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Jones Lang LaSalle Trading Down 4.0 %

Shares of Jones Lang LaSalle stock traded down $10.90 on Thursday, reaching $259.32. The company had a trading volume of 143,835 shares, compared to its average volume of 291,269. The firm has a market cap of $12.29 billion, a price-to-earnings ratio of 22.91 and a beta of 1.36. The firm's 50-day moving average price is $266.33 and its two-hundred day moving average price is $264.58. 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.

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 analysts' consensus estimates of $5.76 by $0.39. The company 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%. Jones Lang LaSalle's revenue was up 15.8% on a year-over-year basis. During the same quarter in the prior year, the business earned $4.23 earnings per share. As a group, research analysts predict that Jones Lang LaSalle Incorporated will post 16.45 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

JLL has been the subject of a number of recent research reports. Raymond James boosted 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. StockNews.com upgraded Jones Lang LaSalle from a "buy" rating to a "strong-buy" rating in a report on Wednesday. Keefe, Bruyette & Woods upgraded Jones Lang LaSalle from a "market perform" rating to an "outperform" rating and upped their target price for the company from $292.00 to $325.00 in a report on Tuesday, December 10th. The Goldman Sachs Group assumed coverage on Jones Lang LaSalle in a report on Friday, December 6th. They set a "buy" rating and a $352.00 target price for the company. Finally, JPMorgan Chase & Co. upped their target price on Jones Lang LaSalle from $263.00 to $327.00 and gave the company an "overweight" rating in a report on Monday, December 16th. Six investment analysts have rated the stock with a buy rating and two have issued a strong buy rating to the company's stock. According to data from MarketBeat, Jones Lang LaSalle currently has an average rating of "Buy" and a consensus target price of $309.00.

Jones Lang LaSalle Company Profile

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.