Jones Lang LaSalle Incorporated (NYSE:JLL) Shares Sold by Causeway Capital Management LLC

Causeway Capital Management LLC lowered its stake in Jones Lang LaSalle Incorporated (NYSE:JLL - Free Report) by 27.2% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 134,579 shares of the financial services provider's stock after selling 50,163 shares during the period. Causeway Capital Management LLC owned approximately 0.28% of Jones Lang LaSalle worth $34,067,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Invesco Ltd. grew its stake in Jones Lang LaSalle by 0.9% in the fourth quarter. Invesco Ltd. now owns 944,623 shares of the financial services provider's stock worth $239,122,000 after purchasing an additional 8,274 shares during the period. Geode Capital Management LLC lifted its holdings in Jones Lang LaSalle by 4.6% in the fourth quarter. Geode Capital Management LLC now owns 934,958 shares of the financial services provider's stock valued at $240,190,000 after acquiring an additional 41,331 shares during the period. Norges Bank purchased a new stake in Jones Lang LaSalle during the fourth quarter valued at approximately $149,468,000. Arrowstreet Capital Limited Partnership lifted its position in Jones Lang LaSalle by 13.7% during the fourth quarter. Arrowstreet Capital Limited Partnership now owns 542,675 shares of the financial services provider's stock valued at $137,373,000 after purchasing an additional 65,407 shares in the last quarter. Finally, Artemis Investment Management LLP raised its stake in shares of Jones Lang LaSalle by 18.9% in the fourth quarter. Artemis Investment Management LLP now owns 394,214 shares of the financial services provider's stock worth $99,791,000 after buying an additional 62,700 shares during the period. Institutional investors own 94.80% of the company's stock.

Jones Lang LaSalle Stock Performance

JLL traded up $0.06 during midday trading on Friday, hitting $210.71. 401,615 shares of the company were exchanged, compared to its average volume of 314,936. Jones Lang LaSalle Incorporated has a 1-year low of $174.08 and a 1-year high of $288.50. 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 firm has a market capitalization of $9.99 billion, a price-to-earnings ratio of 18.66 and a beta of 1.22. The company's 50 day simple moving average is $247.53 and its 200 day simple moving average is $259.82.

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, beating 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 during the quarter, compared to the consensus estimate of $6.65 billion. During the same period in the previous year, the company posted $4.23 earnings per share. Jones Lang LaSalle's revenue for the quarter was up 15.8% on a year-over-year basis. As a group, sell-side analysts predict that Jones Lang LaSalle Incorporated will post 16.45 earnings per share for the current year.

Wall Street Analysts Forecast Growth

JLL has been the topic of a number of research analyst reports. Keefe, Bruyette & Woods lowered their price target on Jones Lang LaSalle from $325.00 to $280.00 and set an "outperform" rating on the stock in a report on Thursday. Raymond James upped their price target on shares of Jones Lang LaSalle from $317.00 to $320.00 and gave the company a "strong-buy" rating in a report on Friday, January 24th. StockNews.com downgraded shares of Jones Lang LaSalle from a "strong-buy" rating to a "buy" rating in a research note on Friday, April 11th. UBS Group decreased their price objective on Jones Lang LaSalle from $340.00 to $305.00 and set a "buy" rating for the company in a report on Friday, April 11th. Finally, JPMorgan Chase & Co. dropped their price objective on Jones Lang LaSalle from $327.00 to $285.00 and set an "overweight" rating on the stock in a research report on Thursday, April 10th. 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 a consensus rating of "Buy" and an average price target of $315.83.

Jones Lang LaSalle Company 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.