Fmr LLC Decreases Stock Position in Jones Lang LaSalle Incorporated (NYSE:JLL)

FMR LLC decreased its position in shares of Jones Lang LaSalle Incorporated (NYSE:JLL - Free Report) by 34.7% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 2,306,439 shares of the financial services provider's stock after selling 1,224,281 shares during the period. FMR LLC owned 4.86% of Jones Lang LaSalle worth $583,852,000 as of its most recent SEC filing.

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

Jones Lang LaSalle Price Performance

Shares of NYSE JLL traded up $5.36 during midday trading on Monday, hitting $216.30. The company had a trading volume of 33,512 shares, compared to its average volume of 311,339. The company has a quick ratio of 2.29, a current ratio of 2.00 and a debt-to-equity ratio of 0.12. The business has a 50-day simple moving average of $254.37 and a two-hundred day simple moving average of $261.64. Jones Lang LaSalle Incorporated has a twelve month low of $171.45 and a twelve month high of $288.50. The firm has a market capitalization of $10.25 billion, a price-to-earnings ratio of 19.16 and a beta of 1.22.

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 for the quarter, topping analysts' consensus estimates of $5.76 by $0.39. The business had revenue of $6.81 billion for 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 was up 15.8% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $4.23 EPS. Equities research analysts anticipate that Jones Lang LaSalle Incorporated will post 16.45 earnings per share for the current year.

Wall Street Analysts Forecast Growth

Several research 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. UBS Group dropped their price objective on shares of Jones Lang LaSalle from $340.00 to $305.00 and set a "buy" rating on the stock in a research note on Friday. JPMorgan Chase & Co. reduced their target price on shares of Jones Lang LaSalle from $327.00 to $285.00 and set an "overweight" rating for the company in a research note on Thursday. Finally, StockNews.com cut shares of Jones Lang LaSalle from a "strong-buy" rating to a "buy" rating in a report on Friday. Six equities research analysts have rated the stock with a buy rating and one has assigned a strong buy rating to the company's stock. According to MarketBeat, the company presently has an average rating of "Buy" and a consensus price target of $323.33.

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.