NFJ Investment Group LLC cut its holdings in Jones Lang LaSalle Incorporated (NYSE:JLL - Free Report) by 37.6% during the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 12,428 shares of the financial services provider's stock after selling 7,504 shares during the period. NFJ Investment Group LLC's holdings in Jones Lang LaSalle were worth $3,353,000 as of its most recent SEC filing.
A number of other large investors also recently added to or reduced their stakes in JLL. Tidal Investments LLC purchased a new position in Jones Lang LaSalle in the 1st quarter worth approximately $228,000. GAMMA Investing LLC raised its holdings in shares of Jones Lang LaSalle by 27.1% during the 2nd quarter. GAMMA Investing LLC now owns 534 shares of the financial services provider's stock worth $110,000 after acquiring an additional 114 shares in the last quarter. Mather Group LLC. raised its holdings in shares of Jones Lang LaSalle by 446.9% during the 2nd quarter. Mather Group LLC. now owns 268 shares of the financial services provider's stock worth $52,000 after acquiring an additional 219 shares in the last quarter. CWM LLC raised its holdings in shares of Jones Lang LaSalle by 8.6% during the 2nd quarter. CWM LLC now owns 1,535 shares of the financial services provider's stock worth $315,000 after acquiring an additional 121 shares in the last quarter. Finally, Linden Thomas Advisory Services LLC raised its holdings in shares of Jones Lang LaSalle by 2.4% during the 2nd quarter. Linden Thomas Advisory Services LLC now owns 5,949 shares of the financial services provider's stock worth $1,221,000 after acquiring an additional 140 shares in the last quarter. 94.80% of the stock is owned by hedge funds and other institutional investors.
Jones Lang LaSalle Trading Down 1.4 %
Jones Lang LaSalle stock traded down $3.86 during mid-day trading on Wednesday, hitting $275.09. The company's stock had a trading volume of 147,035 shares, compared to its average volume of 286,056. The company has a 50 day moving average of $268.12 and a 200-day moving average of $242.07. The stock has a market cap of $13.05 billion, a PE ratio of 27.57 and a beta of 1.34. The company has a debt-to-equity ratio of 0.16, a quick ratio of 2.29 and a current ratio of 2.29. Jones Lang LaSalle Incorporated has a one year low of $159.52 and a one year high of $288.50.
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 analysts' consensus estimates of $2.67 by $0.83. Jones Lang LaSalle had a return on equity of 8.95% and a net margin of 2.12%. The business had revenue of $5.87 billion for the quarter, compared to the consensus estimate of $5.62 billion. During the same quarter in the prior year, the company earned $2.01 EPS. The business's revenue was up 14.8% compared to the same quarter last year. On average, research analysts anticipate that Jones Lang LaSalle Incorporated will post 13.37 EPS for the current year.
Analysts Set New Price Targets
Several analysts have recently issued reports on JLL shares. Wolfe Research raised Jones Lang LaSalle from a "peer perform" rating to an "outperform" rating and set a $353.00 price objective on the stock in a report on Monday, November 25th. StockNews.com upgraded Jones Lang LaSalle from a "buy" rating to a "strong-buy" rating in a report on Friday, September 13th. Finally, Keefe, Bruyette & Woods increased their price target on Jones Lang LaSalle from $280.00 to $292.00 and gave the company a "market perform" rating in a report on Tuesday, November 12th. One research analyst has rated the stock with a hold rating, four have assigned a buy rating and two have issued a strong buy rating to the company's stock. According to data from MarketBeat, the company presently has an average rating of "Buy" and a consensus target price of $271.50.
Check Out Our Latest Stock Analysis on Jones Lang LaSalle
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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