Commonwealth Equity Services LLC trimmed its position in Jones Lang LaSalle Incorporated (NYSE:JLL - Free Report) by 58.6% in the fourth quarter, according to its most recent disclosure with the SEC. The institutional investor owned 871 shares of the financial services provider's stock after selling 1,231 shares during the period. Commonwealth Equity Services LLC's holdings in Jones Lang LaSalle were worth $221,000 at the end of the most recent reporting period.
A number of other large investors also recently bought and sold shares of the company. Erste Asset Management GmbH boosted its stake in Jones Lang LaSalle by 4.4% during the 4th quarter. Erste Asset Management GmbH now owns 16,605 shares of the financial services provider's stock valued at $4,186,000 after purchasing an additional 706 shares during the period. Vestcor Inc boosted its stake in Jones Lang LaSalle by 20.4% during the 4th quarter. Vestcor Inc now owns 4,000 shares of the financial services provider's stock valued at $1,013,000 after purchasing an additional 679 shares in the last quarter. Swiss National Bank increased its position in shares of Jones Lang LaSalle by 0.5% during the 4th quarter. Swiss National Bank now owns 93,400 shares of the financial services provider's stock valued at $23,643,000 after purchasing an additional 500 shares during the period. Jupiter Asset Management Ltd. raised its stake in shares of Jones Lang LaSalle by 1,169.3% in the 4th quarter. Jupiter Asset Management Ltd. now owns 71,539 shares of the financial services provider's stock worth $18,109,000 after buying an additional 65,903 shares in the last quarter. Finally, HighTower Advisors LLC boosted its stake in Jones Lang LaSalle by 8.6% during the fourth quarter. HighTower Advisors LLC now owns 3,611 shares of the financial services provider's stock valued at $914,000 after buying an additional 286 shares in the last quarter. Institutional investors own 94.80% of the company's stock.
Analyst Upgrades and Downgrades
A number of analysts recently commented on JLL shares. JPMorgan Chase & Co. dropped their target price on shares of Jones Lang LaSalle from $327.00 to $285.00 and set an "overweight" rating on the stock in a report on Thursday, April 10th. UBS Group decreased their price target on Jones Lang LaSalle from $340.00 to $305.00 and set a "buy" rating for the company in a research report on Friday. Raymond James upped 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 research note on Friday, January 24th. Finally, StockNews.com downgraded shares of Jones Lang LaSalle from a "strong-buy" rating to a "buy" rating in a research report on Friday. Six equities research 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, the stock has a consensus rating of "Buy" and a consensus price target of $323.33.
Check Out Our Latest Research Report on Jones Lang LaSalle
Jones Lang LaSalle Stock Up 1.0 %
JLL traded up $2.09 during midday trading on Tuesday, hitting $217.31. 73,622 shares of the company's stock traded hands, compared to its average volume of 311,395. The company has a market cap of $10.30 billion, a PE ratio of 19.21 and a beta of 1.22. The stock's fifty day simple moving average is $252.96 and its 200-day simple moving average is $261.28. 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 Incorporated has a one year low of $171.45 and a one year high of $288.50.
Jones Lang LaSalle (NYSE:JLL - Get Free Report) last announced its quarterly 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 analysts' expectations of $6.65 billion. Jones Lang LaSalle had a return on equity of 10.20% and a net margin of 2.33%. The business's quarterly revenue was up 15.8% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $4.23 earnings per share. As a group, equities analysts anticipate 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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