Jones Lang LaSalle Incorporated (NYSE:JLL) Stock Position Lowered by Farther Finance Advisors LLC

Farther Finance Advisors LLC lessened its holdings in shares of Jones Lang LaSalle Incorporated (NYSE:JLL - Free Report) by 86.8% during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 263 shares of the financial services provider's stock after selling 1,735 shares during the quarter. Farther Finance Advisors LLC's holdings in Jones Lang LaSalle were worth $67,000 at the end of the most recent quarter.

Several other hedge funds have also made changes to their positions in the business. FMR LLC increased its position in Jones Lang LaSalle by 15.0% during the third 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 during the last quarter. SG Americas Securities LLC raised its holdings in shares of Jones Lang LaSalle by 7,967.8% in the 4th quarter. SG Americas Securities LLC now owns 279,065 shares of the financial services provider's stock worth $70,643,000 after purchasing an additional 275,606 shares during the period. Allspring Global Investments Holdings LLC increased its position in Jones Lang LaSalle by 688.4% during the 4th quarter. Allspring Global Investments Holdings LLC now owns 130,752 shares of the financial services provider's stock worth $32,603,000 after purchasing an additional 114,168 shares in the last quarter. Raymond James Financial Inc. purchased a new position in Jones Lang LaSalle in the fourth quarter valued at approximately $26,487,000. Finally, Lord Abbett & CO. LLC acquired a new position in shares of Jones Lang LaSalle during the 3rd quarter valued at $24,283,000. Institutional investors and hedge funds own 94.80% of the company's stock.

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Jones Lang LaSalle Stock Performance

Shares of JLL stock traded up $2.28 during trading hours on Tuesday, reaching $262.15. The stock had a trading volume of 13,536 shares, compared to its average volume of 297,367. 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. The firm has a market capitalization of $12.42 billion, a PE ratio of 23.22 and a beta of 1.36. The firm has a 50-day simple moving average of $266.84 and a 200-day simple moving average of $264.65.

Jones Lang LaSalle (NYSE:JLL - Get Free Report) last released its quarterly earnings results 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 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 company's revenue for the quarter was up 15.8% compared to the same quarter last year. During the same quarter in the prior year, the business posted $4.23 earnings per share. As a group, equities analysts forecast that Jones Lang LaSalle Incorporated will post 16.45 earnings per share for the current year.

Analyst Upgrades and Downgrades

Several research firms recently commented on JLL. Wolfe Research raised Jones Lang LaSalle from a "peer perform" rating to an "outperform" rating and set a $353.00 price target on the stock in a research report on Monday, November 25th. Raymond James lifted their price objective 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. Keefe, Bruyette & Woods upgraded shares of Jones Lang LaSalle from a "market perform" rating to an "outperform" rating and increased their price objective for the company from $292.00 to $325.00 in a research note on Tuesday, December 10th. StockNews.com raised shares of Jones Lang LaSalle from a "buy" rating to a "strong-buy" rating in a research report on Saturday. Finally, The Goldman Sachs Group started coverage on Jones Lang LaSalle in a research report on Friday, December 6th. They set a "buy" rating and a $352.00 price target on the stock. Six analysts have rated the stock with a buy rating and two have given a strong buy rating to the stock. According to data from MarketBeat, the company presently has a consensus rating of "Buy" and an average target price of $309.00.

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.