Nordea Investment Management AB Lowers Stock Holdings in Jones Lang LaSalle Incorporated (NYSE:JLL)

Nordea Investment Management AB lessened its holdings in Jones Lang LaSalle Incorporated (NYSE:JLL - Free Report) by 6.9% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 182,745 shares of the financial services provider's stock after selling 13,626 shares during the period. Nordea Investment Management AB owned approximately 0.39% of Jones Lang LaSalle worth $46,576,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds have also modified their holdings of the company. Brooklyn Investment Group acquired a new stake in shares of Jones Lang LaSalle in the third quarter valued at $34,000. UMB Bank n.a. increased its stake in Jones Lang LaSalle by 350.0% during the third quarter. UMB Bank n.a. now owns 135 shares of the financial services provider's stock worth $36,000 after purchasing an additional 105 shares during the period. V Square Quantitative Management LLC acquired a new stake in shares of Jones Lang LaSalle during the third quarter worth about $37,000. Massmutual Trust Co. FSB ADV boosted its stake in shares of Jones Lang LaSalle by 37.5% in the third quarter. Massmutual Trust Co. FSB ADV now owns 143 shares of the financial services provider's stock valued at $39,000 after purchasing an additional 39 shares during the period. Finally, Huntington National Bank grew its holdings in shares of Jones Lang LaSalle by 22.9% in the third quarter. Huntington National Bank now owns 204 shares of the financial services provider's stock valued at $55,000 after purchasing an additional 38 shares in the last quarter. 94.80% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several equities analysts have commented on the stock. Wolfe Research raised shares of Jones Lang LaSalle from a "peer perform" rating to an "outperform" rating and set a $353.00 price target for the company in a research report on Monday, November 25th. Keefe, Bruyette & Woods raised Jones Lang LaSalle from a "market perform" rating to an "outperform" rating and boosted their target price for the stock from $292.00 to $325.00 in a research note on Tuesday, December 10th. The Goldman Sachs Group started coverage on Jones Lang LaSalle in a research report on Friday, December 6th. They issued a "buy" rating and a $352.00 price target on the stock. StockNews.com upgraded shares of Jones Lang LaSalle from a "buy" rating to a "strong-buy" rating in a research note on Friday, September 13th. Finally, JPMorgan Chase & Co. lifted their price target on shares of Jones Lang LaSalle from $263.00 to $327.00 and gave the stock an "overweight" rating in a research note on Monday, December 16th. Six equities research analysts have rated the stock with a buy rating and two have given a strong buy rating to the company's stock. Based on data from MarketBeat, Jones Lang LaSalle currently has an average rating of "Buy" and an average target price of $301.57.

Jones Lang LaSalle Stock Performance

NYSE JLL traded down $1.63 during trading hours on Wednesday, hitting $247.58. The company had a trading volume of 353,574 shares, compared to its average volume of 260,395. The business has a 50 day moving average of $265.00 and a 200-day moving average of $252.48. The company has a market cap of $11.75 billion, a PE ratio of 25.03 and a beta of 1.36. Jones Lang LaSalle Incorporated has a 1-year low of $167.11 and a 1-year high of $288.50. 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 (NYSE:JLL - Get Free Report) last announced its earnings results on Wednesday, November 6th. The financial services provider reported $3.50 earnings per share (EPS) for the quarter, beating 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 firm had revenue of $5.87 billion during the quarter, compared to analysts' expectations of $5.62 billion. During the same period in the prior year, the firm earned $2.01 EPS. The business's revenue was up 14.8% on a year-over-year basis. As a group, equities research analysts expect that Jones Lang LaSalle Incorporated will post 13.37 EPS 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.