Chartwell Investment Partners LLC Sells 7,596 Shares of Jones Lang LaSalle Incorporated (NYSE:JLL)

Chartwell Investment Partners LLC reduced its stake in shares of Jones Lang LaSalle Incorporated (NYSE:JLL - Free Report) by 47.1% in the third quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 8,544 shares of the financial services provider's stock after selling 7,596 shares during the period. Chartwell Investment Partners LLC's holdings in Jones Lang LaSalle were worth $2,305,000 at the end of the most recent reporting period.

Several other large investors also recently modified their holdings of JLL. Los Angeles Capital Management LLC purchased a new stake in Jones Lang LaSalle in the 3rd quarter worth about $1,836,000. State of New Jersey Common Pension Fund D boosted its position in Jones Lang LaSalle by 1.2% during the third quarter. State of New Jersey Common Pension Fund D now owns 16,239 shares of the financial services provider's stock worth $4,381,000 after purchasing an additional 190 shares during the period. River Global Investors LLP increased its stake in shares of Jones Lang LaSalle by 4.0% in the third quarter. River Global Investors LLP now owns 6,810 shares of the financial services provider's stock worth $1,837,000 after purchasing an additional 265 shares in the last quarter. Crossmark Global Holdings Inc. raised its position in shares of Jones Lang LaSalle by 30.1% in the third quarter. Crossmark Global Holdings Inc. now owns 24,579 shares of the financial services provider's stock valued at $6,632,000 after purchasing an additional 5,683 shares during the period. Finally, Legacy Capital Wealth Partners LLC boosted its holdings in Jones Lang LaSalle by 77.3% in the 3rd quarter. Legacy Capital Wealth Partners LLC now owns 4,300 shares of the financial services provider's stock worth $1,160,000 after buying an additional 1,875 shares during the period. Hedge funds and other institutional investors own 94.80% of the company's stock.

Wall Street Analysts Forecast Growth

JLL has been the topic of a number of analyst reports. StockNews.com raised shares of Jones Lang LaSalle from a "buy" rating to a "strong-buy" rating in a report on Friday, September 13th. Keefe, Bruyette & Woods boosted their price objective on Jones Lang LaSalle from $280.00 to $292.00 and gave the company a "market perform" rating in a research note on Tuesday. Finally, Raymond James upped their price target on Jones Lang LaSalle from $246.00 to $268.00 and gave the company a "strong-buy" rating in a research report on Thursday, July 25th. Two research analysts have rated the stock with a hold rating, three have assigned a buy rating and two have assigned a strong buy rating to the stock. According to MarketBeat, the stock presently has a consensus rating of "Buy" and an average price target of $255.20.

Jones Lang LaSalle Price Performance

Jones Lang LaSalle stock traded up $0.56 during midday trading on Wednesday, hitting $267.00. 233,401 shares of the company's stock were exchanged, compared to its average volume of 286,992. The stock has a 50-day moving average price of $264.01 and a two-hundred day moving average price of $234.07. Jones Lang LaSalle Incorporated has a 52-week low of $146.34 and a 52-week high of $288.50. The company has a market cap of $12.67 billion, a P/E ratio of 27.00 and a beta of 1.37. The company has a debt-to-equity ratio of 0.16, a quick ratio of 2.29 and a current ratio of 2.29.

Jones Lang LaSalle (NYSE:JLL - Get Free Report) last posted its quarterly earnings data on Wednesday, November 6th. The financial services provider reported $3.50 earnings per share for the quarter, topping the consensus estimate of $2.67 by $0.83. Jones Lang LaSalle had a net margin of 2.12% and a return on equity of 8.95%. The company had revenue of $5.87 billion for the quarter, compared to analysts' expectations of $5.62 billion. During the same period in the prior year, the business earned $2.01 earnings per share. Jones Lang LaSalle's revenue for the quarter was up 14.8% compared to the same quarter last year. On average, equities research analysts forecast that Jones Lang LaSalle Incorporated will post 13.17 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.