Granite Investment Partners LLC lowered its position in Jones Lang LaSalle Incorporated (NYSE:JLL - Free Report) by 9.7% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 14,399 shares of the financial services provider's stock after selling 1,544 shares during the quarter. Granite Investment Partners LLC's holdings in Jones Lang LaSalle were worth $3,645,000 as of its most recent SEC filing.
A number of other institutional investors and hedge funds have also bought and sold shares of the company. Norges Bank purchased a new stake in Jones Lang LaSalle during the fourth quarter valued at approximately $149,468,000. SG Americas Securities LLC increased its holdings in shares of Jones Lang LaSalle by 7,967.8% during the fourth quarter. SG Americas Securities LLC now owns 279,065 shares of the financial services provider's stock valued at $70,643,000 after acquiring an additional 275,606 shares in the last quarter. William Blair Investment Management LLC acquired a new stake in Jones Lang LaSalle in the 4th quarter worth approximately $29,271,000. Allspring Global Investments Holdings LLC grew 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 during the last quarter. Finally, Raymond James Financial Inc. purchased a new position in shares of Jones Lang LaSalle in the fourth quarter worth $26,487,000. 94.80% of the stock is owned by institutional investors.
Analysts Set New Price Targets
A number of equities analysts recently issued reports on the company. JPMorgan Chase & Co. reduced their target price on Jones Lang LaSalle from $327.00 to $285.00 and set an "overweight" rating for the company in a research note on Thursday, April 10th. Raymond James boosted their target price on shares of Jones Lang LaSalle from $317.00 to $320.00 and gave the company a "strong-buy" rating in a research report 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, April 11th. StockNews.com cut shares of Jones Lang LaSalle from a "strong-buy" rating to a "buy" rating in a report on Friday, April 11th. Finally, Keefe, Bruyette & Woods dropped their price target on shares of Jones Lang LaSalle from $325.00 to $280.00 and set an "outperform" rating on the stock in a research note on Thursday. Six research analysts have rated the stock with a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat, the stock currently has a consensus rating of "Buy" and a consensus target price of $315.83.
Read Our Latest Stock Analysis on Jones Lang LaSalle
Jones Lang LaSalle Price Performance
JLL stock traded up $0.06 during mid-day trading on Friday, reaching $210.71. The company's stock had a trading volume of 401,615 shares, compared to its average volume of 314,784. The company has a current ratio of 2.00, a quick ratio of 2.29 and a debt-to-equity ratio of 0.12. The company's 50 day moving average is $248.86 and its two-hundred day moving average is $260.20. Jones Lang LaSalle Incorporated has a fifty-two week low of $173.44 and a fifty-two week high of $288.50. The stock has a market cap of $9.99 billion, a PE ratio of 18.66 and a beta of 1.22.
Jones Lang LaSalle (NYSE:JLL - Get Free Report) last announced its quarterly earnings data on Wednesday, February 19th. The financial services provider reported $6.15 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 firm 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. Equities research analysts expect that Jones Lang LaSalle Incorporated will post 16.45 EPS for the current year.
Jones Lang LaSalle Company Profile
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Free Report)
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.
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