FIL Ltd Sells 30,483 Shares of Jones Lang LaSalle Incorporated (NYSE:JLL)

FIL Ltd trimmed its position in Jones Lang LaSalle Incorporated (NYSE:JLL - Free Report) by 44.1% in the fourth quarter, according to its most recent filing with the SEC. The fund owned 38,717 shares of the financial services provider's stock after selling 30,483 shares during the period. FIL Ltd owned 0.08% of Jones Lang LaSalle worth $9,801,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds have also bought and sold shares of JLL. Private Trust Co. NA grew its stake in shares of Jones Lang LaSalle by 112.0% in the fourth quarter. Private Trust Co. NA now owns 106 shares of the financial services provider's stock worth $27,000 after purchasing an additional 56 shares during the last quarter. R Squared Ltd bought a new stake in Jones Lang LaSalle in the fourth quarter valued at approximately $35,000. Principal Securities Inc. lifted its position in shares of Jones Lang LaSalle by 166.7% in the 4th quarter. Principal Securities Inc. now owns 176 shares of the financial services provider's stock worth $45,000 after purchasing an additional 110 shares during the period. MassMutual Private Wealth & Trust FSB boosted its stake in shares of Jones Lang LaSalle by 35.7% in the 4th quarter. MassMutual Private Wealth & Trust FSB now owns 194 shares of the financial services provider's stock valued at $49,000 after purchasing an additional 51 shares during the last quarter. Finally, V Square Quantitative Management LLC raised its stake in Jones Lang LaSalle by 52.9% during the fourth quarter. V Square Quantitative Management LLC now owns 208 shares of the financial services provider's stock worth $53,000 after buying an additional 72 shares during the last quarter. Institutional investors and hedge funds own 94.80% of the company's stock.

Wall Street Analysts Forecast Growth

Several research analysts recently issued reports on the stock. JPMorgan Chase & Co. cut 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 research note on Thursday, April 10th. Keefe, Bruyette & Woods decreased their price target on shares of Jones Lang LaSalle from $325.00 to $280.00 and set an "outperform" rating for the company in a research note on Thursday. Raymond James boosted 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. StockNews.com downgraded Jones Lang LaSalle from a "strong-buy" rating to a "buy" rating in a research note on Friday, April 11th. Finally, UBS Group cut their price objective on Jones Lang LaSalle from $340.00 to $305.00 and set a "buy" rating on the stock in a research report on Friday, April 11th. Six equities research analysts have rated the stock with a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat, the stock has a consensus rating of "Buy" and a consensus target price of $315.83.

Jones Lang LaSalle Stock Performance

Shares of Jones Lang LaSalle stock traded up $0.88 during trading hours on Thursday, reaching $211.53. The company had a trading volume of 134,953 shares, compared to its average volume of 313,374. Jones Lang LaSalle Incorporated has a one year low of $173.04 and a one year high of $288.50. The business has a fifty day simple moving average of $250.23 and a 200 day simple moving average of $260.61. 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 cap of $10.02 billion, a PE ratio of 18.66 and a beta of 1.22.

Jones Lang LaSalle (NYSE:JLL - Get Free Report) last issued its quarterly earnings data on Wednesday, February 19th. The financial services provider reported $6.15 earnings per share (EPS) for the quarter, topping analysts' consensus estimates 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 company had revenue of $6.81 billion for the quarter, compared to the consensus estimate of $6.65 billion. During the same quarter last year, the business posted $4.23 earnings per share. The firm's revenue was up 15.8% compared to the same quarter last year. On average, analysts anticipate that Jones Lang LaSalle Incorporated will post 16.45 earnings per share for the current fiscal 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.