JPMorgan Chase & Co. Trims Position in Jones Lang LaSalle Incorporated (NYSE:JLL)

JPMorgan Chase & Co. cut its holdings in shares of Jones Lang LaSalle Incorporated (NYSE:JLL - Free Report) by 32.7% during the 4th quarter, according to its most recent Form 13F filing with the SEC. The firm owned 132,444 shares of the financial services provider's stock after selling 64,261 shares during the period. JPMorgan Chase & Co. owned 0.28% of Jones Lang LaSalle worth $33,527,000 as of its most recent SEC filing.

Several other large investors have also added to or reduced their stakes in the stock. State Street Corp lifted its position in shares of Jones Lang LaSalle by 0.4% in the 3rd quarter. State Street Corp now owns 1,423,831 shares of the financial services provider's stock worth $384,164,000 after purchasing an additional 6,304 shares during the period. Wellington Management Group LLP grew 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 worth $242,641,000 after acquiring an additional 53,066 shares during the period. Geode Capital Management LLC raised its position in shares of Jones Lang LaSalle by 0.3% in the 3rd quarter. Geode Capital Management LLC now owns 893,627 shares of the financial services provider's stock worth $241,165,000 after acquiring an additional 3,109 shares in the last quarter. Artemis Investment Management LLP lifted its stake in shares of Jones Lang LaSalle by 18.9% in the 4th quarter. Artemis Investment Management LLP now owns 394,214 shares of the financial services provider's stock valued at $99,791,000 after purchasing an additional 62,700 shares during the period. Finally, Prudential Financial Inc. grew its stake in Jones Lang LaSalle by 14.3% in the fourth quarter. Prudential Financial Inc. now owns 317,677 shares of the financial services provider's stock worth $80,417,000 after purchasing an additional 39,623 shares during the period. Institutional investors own 94.80% of the company's stock.

Remove Ads

Jones Lang LaSalle Stock Down 1.2 %

Shares of Jones Lang LaSalle stock traded down $2.48 on Friday, reaching $210.83. The company's stock had a trading volume of 402,770 shares, compared to its average volume of 311,881. Jones Lang LaSalle Incorporated has a 52 week low of $171.45 and a 52 week high of $288.50. The firm's fifty day simple moving average is $254.37 and its two-hundred day simple moving average is $261.71. 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 company has a market capitalization of $9.99 billion, a price-to-earnings ratio of 18.67 and a beta of 1.22.

Jones Lang LaSalle (NYSE:JLL - Get Free Report) last issued its 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 during the quarter, compared to analyst estimates of $6.65 billion. Jones Lang LaSalle had a return on equity of 10.20% and a net margin of 2.33%. Jones Lang LaSalle's revenue was up 15.8% on a year-over-year basis. During the same quarter in the previous year, the firm earned $4.23 EPS. Equities analysts anticipate that Jones Lang LaSalle Incorporated will post 16.45 earnings per share for the current year.

Analysts Set New Price Targets

A number of analysts have recently commented on the stock. JPMorgan Chase & Co. dropped 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 report on Thursday. UBS Group cut 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 report on Friday. StockNews.com lowered shares of Jones Lang LaSalle from a "strong-buy" rating to a "buy" rating in a report on Friday. Finally, Raymond James upped their price target on Jones Lang LaSalle from $317.00 to $320.00 and gave the stock a "strong-buy" rating in a research note on Friday, January 24th. Six equities research analysts have rated the stock with a buy rating and one has issued a strong buy rating to the company. According to MarketBeat.com, Jones Lang LaSalle has an average rating of "Buy" and an average price target of $323.33.

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.