Centersquare Investment Management LLC lowered its holdings in Jones Lang LaSalle Incorporated (NYSE:JLL - Free Report) by 87.7% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 1,200 shares of the financial services provider's stock after selling 8,570 shares during the period. Centersquare Investment Management LLC's holdings in Jones Lang LaSalle were worth $304,000 as of its most recent filing with the Securities and Exchange Commission.
Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in JLL. Public Employees Retirement System of Ohio increased its position in shares of Jones Lang LaSalle by 42.1% in the third quarter. Public Employees Retirement System of Ohio now owns 34,379 shares of the financial services provider's stock valued at $9,276,000 after acquiring an additional 10,186 shares during the last quarter. Boston Trust Walden Corp increased its position in shares of Jones Lang LaSalle by 1.9% during the 4th quarter. Boston Trust Walden Corp now owns 305,768 shares of the financial services provider's stock worth $77,402,000 after purchasing an additional 5,663 shares during the last quarter. Dorsey Wright & Associates bought a new stake in shares of Jones Lang LaSalle during the 3rd quarter worth approximately $4,276,000. Principal Securities Inc. boosted its holdings in shares of Jones Lang LaSalle by 166.7% in the 4th quarter. Principal Securities Inc. now owns 176 shares of the financial services provider's stock valued at $45,000 after buying an additional 110 shares during the last quarter. Finally, Fox Run Management L.L.C. acquired a new position in Jones Lang LaSalle during the fourth quarter worth $413,000. 94.80% of the stock is currently owned by institutional investors and hedge funds.
Analyst Upgrades and Downgrades
A number of analysts have commented on JLL shares. Keefe, Bruyette & Woods upgraded shares of Jones Lang LaSalle from a "market perform" rating to an "outperform" rating and increased their price target for the company from $292.00 to $325.00 in a research note on Tuesday, December 10th. JPMorgan Chase & Co. upped their price objective on Jones Lang LaSalle from $263.00 to $327.00 and gave the company an "overweight" rating in a research note on Monday, December 16th. 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 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 issued a strong buy rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of "Buy" and a consensus price target of $309.00.
Get Our Latest Stock Report on Jones Lang LaSalle
Jones Lang LaSalle Price Performance
JLL traded down $11.44 during trading on Wednesday, hitting $196.65. 374,927 shares of the stock traded hands, compared to its average volume of 359,152. The business has a 50 day moving average price of $259.34 and a 200 day moving average price of $263.04. The company has a market cap of $9.32 billion, a price-to-earnings ratio of 17.42 and a beta of 1.22. Jones Lang LaSalle Incorporated has a twelve month low of $171.45 and a twelve month 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 the consensus estimate of $5.76 by $0.39. The business had revenue of $6.81 billion for 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% compared to the same quarter last year. During the same period last year, the firm posted $4.23 earnings per share. Equities research analysts forecast that Jones Lang LaSalle Incorporated will post 16.45 earnings per share for the current fiscal year.
About Jones Lang LaSalle
(
Free Report)
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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