KBC Group NV Sells 25,925 Shares of Jones Lang LaSalle Incorporated (NYSE:JLL)

KBC Group NV lessened its holdings in Jones Lang LaSalle Incorporated (NYSE:JLL - Free Report) by 42.6% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 34,896 shares of the financial services provider's stock after selling 25,925 shares during the period. KBC Group NV owned about 0.07% of Jones Lang LaSalle worth $8,834,000 as of its most recent SEC filing.

A number of other institutional investors have also recently added to or reduced their stakes in the business. Huntington National Bank increased its position in shares of Jones Lang LaSalle by 22.9% during the third quarter. Huntington National Bank now owns 204 shares of the financial services provider's stock worth $55,000 after acquiring an additional 38 shares during the last quarter. Massmutual Trust Co. FSB ADV lifted its holdings in Jones Lang LaSalle by 37.5% during the 3rd quarter. Massmutual Trust Co. FSB ADV now owns 143 shares of the financial services provider's stock worth $39,000 after buying an additional 39 shares during the last quarter. CIBC Asset Management Inc increased its stake in Jones Lang LaSalle by 3.5% during the third quarter. CIBC Asset Management Inc now owns 1,375 shares of the financial services provider's stock valued at $371,000 after purchasing an additional 47 shares during the last quarter. MassMutual Private Wealth & Trust FSB raised its stake in Jones Lang LaSalle by 35.7% during the fourth quarter. MassMutual Private Wealth & Trust FSB now owns 194 shares of the financial services provider's stock worth $49,000 after acquiring an additional 51 shares during the period. Finally, First Bank & Trust boosted its position in Jones Lang LaSalle by 2.5% during the 3rd quarter. First Bank & Trust now owns 2,251 shares of the financial services provider's stock valued at $607,000 after purchasing an additional 54 shares during the period. 94.80% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several equities research analysts have commented on JLL shares. Raymond James raised 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 research note on Friday, January 24th. JPMorgan Chase & Co. boosted their target price on shares of Jones Lang LaSalle from $263.00 to $327.00 and gave the stock an "overweight" rating in a report on Monday, December 16th. Wolfe Research upgraded shares of Jones Lang LaSalle from a "peer perform" rating to an "outperform" rating and set a $353.00 price target on the stock in a report on Monday, November 25th. Keefe, Bruyette & Woods upgraded Jones Lang LaSalle from a "market perform" rating to an "outperform" rating and raised their price objective for the stock from $292.00 to $325.00 in a research report on Tuesday, December 10th. Finally, The Goldman Sachs Group started coverage on shares of Jones Lang LaSalle in a research note on Friday, December 6th. They issued a "buy" rating and a $352.00 price target on the stock. Six research analysts have rated the stock with a buy rating and two have given a strong buy rating to the stock. According to MarketBeat.com, the company has a consensus rating of "Buy" and an average price target of $309.00.

Jones Lang LaSalle Stock Performance

Jones Lang LaSalle stock traded up $3.06 on Thursday, reaching $282.20. 133,302 shares of the stock were exchanged, compared to its average volume of 299,092. The firm has a fifty day moving average price of $263.96 and a two-hundred day moving average price of $258.34. Jones Lang LaSalle Incorporated has a twelve month low of $168.36 and a twelve month high of $288.50. The stock has a market cap of $13.39 billion, a PE ratio of 28.65 and a beta of 1.36. The company has a current ratio of 2.29, a quick ratio of 2.29 and a debt-to-equity ratio of 0.16.

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 earnings per share (EPS) for the quarter, topping the consensus estimate 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 analyst estimates of $5.62 billion. During the same period last year, the business posted $2.01 EPS. The business's quarterly revenue was up 14.8% on a year-over-year basis. Sell-side analysts anticipate that Jones Lang LaSalle Incorporated will post 13.61 EPS for the current year.

Jones Lang LaSalle 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.