Jones Lang LaSalle Incorporated (NYSE:JLL) Position Reduced by Equity Investment Corp

Equity Investment Corp lessened its holdings in Jones Lang LaSalle Incorporated (NYSE:JLL - Free Report) by 2.1% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 322,001 shares of the financial services provider's stock after selling 6,862 shares during the period. Jones Lang LaSalle accounts for approximately 1.9% of Equity Investment Corp's portfolio, making the stock its 27th largest holding. Equity Investment Corp owned approximately 0.68% of Jones Lang LaSalle worth $81,511,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently modified their holdings of JLL. FMR LLC raised its position in shares of Jones Lang LaSalle by 15.0% in the third quarter. FMR LLC now owns 3,530,720 shares of the financial services provider's stock valued at $952,624,000 after buying an additional 459,466 shares during the last quarter. State Street Corp raised its position in shares of Jones Lang LaSalle by 0.4% in the third quarter. State Street Corp now owns 1,423,831 shares of the financial services provider's stock valued at $384,164,000 after buying an additional 6,304 shares during the last quarter. Wellington Management Group LLP raised its position in shares of Jones Lang LaSalle by 6.3% in the third quarter. Wellington Management Group LLP now owns 899,305 shares of the financial services provider's stock valued at $242,641,000 after buying an additional 53,066 shares during the last quarter. Geode Capital Management LLC raised its position in shares of Jones Lang LaSalle by 0.3% in the third quarter. Geode Capital Management LLC now owns 893,627 shares of the financial services provider's stock valued at $241,165,000 after buying an additional 3,109 shares during the last quarter. Finally, Artemis Investment Management LLP raised its position in shares of Jones Lang LaSalle by 18.9% in the fourth quarter. Artemis Investment Management LLP now owns 394,214 shares of the financial services provider's stock valued at $99,791,000 after buying an additional 62,700 shares during the last quarter. Hedge funds and other institutional investors own 94.80% of the company's stock.

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Analyst Upgrades and Downgrades

JLL has been the subject of several research analyst reports. Keefe, Bruyette & Woods raised shares of Jones Lang LaSalle from a "market perform" rating to an "outperform" rating and upped their price target for the stock from $292.00 to $325.00 in a research report on Tuesday, December 10th. Raymond James upped their price target on shares of 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. The Goldman Sachs Group initiated coverage on shares of Jones Lang LaSalle in a research report on Friday, December 6th. They set a "buy" rating and a $352.00 price target for the company. JPMorgan Chase & Co. upped their price target on shares of Jones Lang LaSalle from $263.00 to $327.00 and gave the stock an "overweight" rating in a research report on Monday, December 16th. Finally, StockNews.com lowered shares of Jones Lang LaSalle from a "strong-buy" rating to a "buy" rating in a research report on Tuesday, February 25th. Seven investment analysts have rated the stock with a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat.com, the stock presently has an average rating of "Buy" and a consensus target price of $309.00.

Jones Lang LaSalle Trading Up 1.4 %

Shares of Jones Lang LaSalle stock traded up $3.63 during trading hours on Friday, hitting $271.40. The company's stock had a trading volume of 417,351 shares, compared to its average volume of 348,201. Jones Lang LaSalle Incorporated has a 1-year low of $171.45 and a 1-year high of $288.50. The business has a fifty day moving average of $265.94 and a 200 day moving average of $264.15. The company has a market capitalization of $12.86 billion, a PE ratio of 24.04 and a beta of 1.36. The company has a quick ratio of 2.29, a current ratio of 2.00 and a debt-to-equity ratio of 0.12.

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 (EPS) for the quarter, topping the consensus estimate 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 net margin of 2.33% and a return on equity of 10.20%. The business's quarterly revenue was up 15.8% compared to the same quarter last year. During the same quarter in the prior year, the business earned $4.23 earnings per share. As a group, equities analysts forecast that Jones Lang LaSalle Incorporated will post 16.45 EPS for the current year.

Jones Lang LaSalle 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.