First National Advisers LLC Decreases Stake in Jones Lang LaSalle Incorporated (NYSE:JLL)

First National Advisers LLC reduced its stake in Jones Lang LaSalle Incorporated (NYSE:JLL - Free Report) by 25.7% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 5,167 shares of the financial services provider's stock after selling 1,789 shares during the period. First National Advisers LLC's holdings in Jones Lang LaSalle were worth $1,308,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently made changes to their positions in the stock. Private Trust Co. NA increased its holdings in Jones Lang LaSalle by 112.0% during the 4th quarter. Private Trust Co. NA now owns 106 shares of the financial services provider's stock valued at $27,000 after purchasing an additional 56 shares during the period. Brooklyn Investment Group purchased a new position in shares of Jones Lang LaSalle during the third quarter valued at approximately $34,000. R Squared Ltd bought a new position in shares of Jones Lang LaSalle during the fourth quarter valued at approximately $35,000. Principal Securities Inc. lifted its stake in Jones Lang LaSalle by 166.7% in the fourth quarter. Principal Securities Inc. now owns 176 shares of the financial services provider's stock worth $45,000 after acquiring an additional 110 shares during the period. Finally, MassMutual Private Wealth & Trust FSB boosted its holdings in Jones Lang LaSalle by 35.7% in the fourth quarter. MassMutual Private Wealth & Trust FSB now owns 194 shares of the financial services provider's stock valued at $49,000 after acquiring an additional 51 shares in the last quarter. Hedge funds and other institutional investors own 94.80% of the company's stock.

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Jones Lang LaSalle Stock Up 0.3 %

NYSE:JLL traded up $0.85 during trading hours on Thursday, reaching $253.83. 172,457 shares of the company traded hands, compared to its average volume of 296,387. Jones Lang LaSalle Incorporated has a 1 year low of $171.45 and a 1 year high of $288.50. The stock has a market capitalization of $12.03 billion, a P/E ratio of 22.48 and a beta of 1.36. The business's 50-day moving average price is $266.02 and its two-hundred day moving average price is $264.48. The company has a current ratio of 2.00, a quick ratio of 2.29 and a debt-to-equity ratio of 0.12.

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 (EPS) for the quarter, topping analysts' consensus estimates of $5.76 by $0.39. The company had revenue of $6.81 billion for the quarter, compared to analysts' expectations of $6.65 billion. Jones Lang LaSalle had a net margin of 2.33% and a return on equity of 10.20%. Jones Lang LaSalle's revenue was up 15.8% compared to the same quarter last year. During the same quarter in the previous year, the business posted $4.23 EPS. Analysts predict that Jones Lang LaSalle Incorporated will post 16.45 earnings per share for the current year.

Analysts Set New Price Targets

Several research firms have recently commented on JLL. StockNews.com cut shares of Jones Lang LaSalle from a "strong-buy" rating to a "buy" rating in a research report on Friday, March 14th. The Goldman Sachs Group initiated coverage on Jones Lang LaSalle in a research report on Friday, December 6th. They set a "buy" rating and a $352.00 price objective on the stock. Wolfe Research raised Jones Lang LaSalle from a "peer perform" rating to an "outperform" rating and set a $353.00 target price for the company in a research report on Monday, November 25th. Keefe, Bruyette & Woods upgraded Jones Lang LaSalle from a "market perform" rating to an "outperform" rating and lifted their price target for the company from $292.00 to $325.00 in a research report on Tuesday, December 10th. Finally, JPMorgan Chase & Co. increased their price objective on Jones Lang LaSalle from $263.00 to $327.00 and gave the stock an "overweight" rating in a report on Monday, December 16th. Seven equities research analysts have rated the stock with a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat, Jones Lang LaSalle has an average 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.