Summit Investment Advisors Inc. reduced its position in shares of Jones Lang LaSalle Incorporated (NYSE:JLL - Free Report) by 6.9% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 17,353 shares of the financial services provider's stock after selling 1,285 shares during the period. Summit Investment Advisors Inc.'s holdings in Jones Lang LaSalle were worth $4,393,000 as of its most recent SEC filing.
A number of other institutional investors have also recently added to or reduced their stakes in JLL. Advisors Capital Management LLC lifted its position in shares of Jones Lang LaSalle by 0.9% during the fourth quarter. Advisors Capital Management LLC now owns 21,809 shares of the financial services provider's stock worth $5,521,000 after purchasing an additional 194 shares during the last quarter. Seeds Investor LLC boosted its position in Jones Lang LaSalle by 10.5% during the 4th quarter. Seeds Investor LLC now owns 1,585 shares of the financial services provider's stock valued at $401,000 after purchasing an additional 150 shares during the period. Sterling Capital Management LLC boosted its stake in Jones Lang LaSalle by 43.7% during the 4th quarter. Sterling Capital Management LLC now owns 2,169 shares of the financial services provider's stock valued at $549,000 after purchasing an additional 660 shares during the period. Paralel Advisors LLC raised its holdings in shares of Jones Lang LaSalle by 10.0% during the fourth quarter. Paralel Advisors LLC now owns 12,869 shares of the financial services provider's stock valued at $3,258,000 after buying an additional 1,168 shares during the last quarter. Finally, Treasurer of the State of North Carolina raised its stake in Jones Lang LaSalle by 3.3% during the 4th quarter. Treasurer of the State of North Carolina now owns 35,664 shares of the financial services provider's stock valued at $9,028,000 after acquiring an additional 1,134 shares in the last quarter. Institutional investors and hedge funds own 94.80% of the company's stock.
Jones Lang LaSalle Stock Performance
Shares of NYSE:JLL traded up $0.06 during trading on Friday, hitting $210.71. 401,615 shares of the stock were exchanged, compared to its average volume of 314,784. The company's fifty day simple moving average is $248.86 and its 200-day simple moving average is $260.20. The company has a market capitalization of $9.99 billion, a price-to-earnings ratio of 18.66 and a beta of 1.22. Jones Lang LaSalle Incorporated has a 1-year low of $173.44 and a 1-year high of $288.50. The company has a debt-to-equity ratio of 0.12, a quick ratio of 2.29 and a current ratio of 2.00.
Jones Lang LaSalle (NYSE:JLL - Get Free Report) last issued its earnings results on Wednesday, February 19th. The financial services provider reported $6.15 EPS for the quarter, beating the consensus estimate of $5.76 by $0.39. Jones Lang LaSalle had a net margin of 2.33% and a return on equity of 10.20%. The company had revenue of $6.81 billion for the quarter, compared to the consensus estimate of $6.65 billion. During the same quarter in the previous year, the company earned $4.23 EPS. The firm's revenue for the quarter was up 15.8% compared to the same quarter last year. Sell-side analysts expect that Jones Lang LaSalle Incorporated will post 16.45 EPS for the current fiscal year.
Wall Street Analysts Forecast Growth
JLL has been the topic of several research analyst reports. JPMorgan Chase & Co. lowered 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. StockNews.com lowered shares of Jones Lang LaSalle from a "strong-buy" rating to a "buy" rating in a report on Friday, April 11th. UBS Group reduced their price target on shares of Jones Lang LaSalle from $340.00 to $305.00 and set a "buy" rating for the company in a research report on Friday, April 11th. Keefe, Bruyette & Woods lowered their target price on Jones Lang LaSalle from $325.00 to $280.00 and set an "outperform" rating on the stock in a research note on Thursday. Finally, Raymond James lifted 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 note on Friday, January 24th. Six analysts have rated the stock with a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat.com, Jones Lang LaSalle has a consensus rating of "Buy" and a consensus target price of $315.83.
Read Our Latest Stock Report on JLL
About Jones Lang LaSalle
(
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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