Connor Clark & Lunn Investment Management Ltd. cut its holdings in Jones Lang LaSalle Incorporated (NYSE:JLL - Free Report) by 12.4% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 9,320 shares of the financial services provider's stock after selling 1,315 shares during the quarter. Connor Clark & Lunn Investment Management Ltd.'s holdings in Jones Lang LaSalle were worth $2,359,000 as of its most recent SEC filing.
A number of other institutional investors have also recently bought and sold shares of the stock. FMR LLC increased its stake in Jones Lang LaSalle by 15.0% in the 3rd quarter. FMR LLC now owns 3,530,720 shares of the financial services provider's stock worth $952,624,000 after purchasing an additional 459,466 shares in the last quarter. State Street Corp increased its stake in Jones Lang LaSalle by 0.4% in the 3rd quarter. State Street Corp now owns 1,423,831 shares of the financial services provider's stock worth $384,164,000 after purchasing an additional 6,304 shares in the last quarter. Wellington Management Group LLP increased its stake in Jones Lang LaSalle by 6.3% in the 3rd quarter. Wellington Management Group LLP now owns 899,305 shares of the financial services provider's stock worth $242,641,000 after purchasing an additional 53,066 shares in the last quarter. Geode Capital Management LLC grew its stake in Jones Lang LaSalle by 0.3% during the 3rd quarter. Geode Capital Management LLC now owns 893,627 shares of the financial services provider's stock valued at $241,165,000 after acquiring an additional 3,109 shares in the last quarter. Finally, Artemis Investment Management LLP grew its stake 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 acquiring an additional 62,700 shares in the last quarter. Hedge funds and other institutional investors own 94.80% of the company's stock.
Jones Lang LaSalle Stock Down 1.1 %
Shares of NYSE JLL traded down $2.80 during trading hours on Friday, hitting $250.52. The stock had a trading volume of 446,426 shares, compared to its average volume of 297,450. The company has a market capitalization of $11.87 billion, a P/E ratio of 22.19 and a beta of 1.36. The firm's 50-day moving average price is $266.39 and its two-hundred day moving average price is $264.37. Jones Lang LaSalle Incorporated has a 52 week low of $171.45 and a 52 week high of $288.50. The company has a debt-to-equity ratio of 0.12, a quick ratio of 2.29 and a current ratio of 2.00.
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 the consensus estimate of $5.76 by $0.39. Jones Lang LaSalle had a return on equity of 10.20% and a net margin of 2.33%. The firm had revenue of $6.81 billion during the quarter, compared to analyst estimates of $6.65 billion. During the same period in the previous year, the company earned $4.23 EPS. The company's revenue for the quarter was up 15.8% on a year-over-year basis. Analysts anticipate that Jones Lang LaSalle Incorporated will post 16.45 EPS for the current fiscal year.
Wall Street Analysts Forecast Growth
Several equities analysts have weighed in on the company. Raymond James lifted their target price on 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. StockNews.com raised Jones Lang LaSalle from a "buy" rating to a "strong-buy" rating in a research note on Saturday. JPMorgan Chase & Co. lifted their target price 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. Wolfe Research raised Jones Lang LaSalle from a "peer perform" rating to an "outperform" rating and set a $353.00 target price on the stock in a research note on Monday, November 25th. Finally, The Goldman Sachs Group assumed coverage on Jones Lang LaSalle in a research note on Friday, December 6th. They set a "buy" rating and a $352.00 target price on the stock. Six equities research analysts have rated the stock with a buy rating and two have given a strong buy rating to the company. According to data from MarketBeat.com, Jones Lang LaSalle has a consensus rating of "Buy" and a consensus price target of $309.00.
View Our Latest Analysis on JLL
Jones Lang LaSalle Profile
(
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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