XTX Topco Ltd Sells 1,903 Shares of Jones Lang LaSalle Incorporated (NYSE:JLL)

XTX Topco Ltd lowered its stake in shares of Jones Lang LaSalle Incorporated (NYSE:JLL - Free Report) by 43.9% during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 2,431 shares of the financial services provider's stock after selling 1,903 shares during the quarter. XTX Topco Ltd's holdings in Jones Lang LaSalle were worth $656,000 at the end of the most recent reporting period.

Other large investors have also added to or reduced their stakes in the company. Wellington Management Group LLP boosted its holdings in shares of Jones Lang LaSalle by 6.3% during the 3rd quarter. Wellington Management Group LLP now owns 899,305 shares of the financial services provider's stock valued at $242,641,000 after acquiring an additional 53,066 shares in the last quarter. State Street Corp boosted its holdings in shares of Jones Lang LaSalle by 0.4% during the 3rd quarter. State Street Corp now owns 1,423,831 shares of the financial services provider's stock valued at $384,164,000 after acquiring an additional 6,304 shares in the last quarter. Stifel Financial Corp boosted its holdings in shares of Jones Lang LaSalle by 101.9% during the 3rd quarter. Stifel Financial Corp now owns 7,644 shares of the financial services provider's stock valued at $2,062,000 after acquiring an additional 3,858 shares in the last quarter. Quantinno Capital Management LP acquired a new stake in shares of Jones Lang LaSalle during the 3rd quarter valued at $384,000. Finally, Quarry LP boosted its holdings in shares of Jones Lang LaSalle by 296.3% during the 3rd quarter. Quarry LP now owns 214 shares of the financial services provider's stock valued at $58,000 after acquiring an additional 160 shares in the last quarter. Institutional investors and hedge funds own 94.80% of the company's stock.

Wall Street Analysts Forecast Growth

JLL has been the subject of several analyst reports. Keefe, Bruyette & Woods raised Jones Lang LaSalle from a "market perform" rating to an "outperform" rating and raised their target price for the stock from $292.00 to $325.00 in a research report on Tuesday. StockNews.com raised Jones Lang LaSalle from a "buy" rating to a "strong-buy" rating in a research report on Friday, September 13th. 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. Finally, The Goldman Sachs Group assumed coverage on Jones Lang LaSalle in a research report on Friday, December 6th. They set a "buy" rating and a $352.00 target price for the company. Six analysts have rated the stock with a buy rating and two have given a strong buy rating to the stock. Based on data from MarketBeat, the company currently has an average rating of "Buy" and an average price target of $287.71.

Jones Lang LaSalle Stock Performance

Shares of NYSE JLL traded down $5.05 during midday trading on Friday, reaching $269.58. The company's stock had a trading volume of 274,768 shares, compared to its average volume of 287,285. Jones Lang LaSalle Incorporated has a 12-month low of $167.11 and a 12-month high of $288.50. The firm has a 50 day moving average price of $269.03 and a 200-day moving average price of $245.13. The stock has a market capitalization of $12.79 billion, a P/E ratio of 27.76 and a beta of 1.34. The company has a debt-to-equity ratio of 0.16, a current ratio of 2.29 and a quick ratio of 2.29.

Jones Lang LaSalle (NYSE:JLL - Get Free Report) last posted its quarterly earnings results on Wednesday, November 6th. The financial services provider reported $3.50 EPS for the quarter, topping analysts' consensus estimates of $2.67 by $0.83. Jones Lang LaSalle had a net margin of 2.12% and a return on equity of 8.95%. The company had revenue of $5.87 billion for the quarter, compared to analysts' expectations of $5.62 billion. During the same quarter in the previous year, the firm posted $2.01 EPS. Jones Lang LaSalle's revenue was up 14.8% on a year-over-year basis. As a group, equities analysts predict that Jones Lang LaSalle Incorporated will post 13.37 earnings per share for the current year.

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.