Principal Financial Group Inc. decreased its stake in Jones Lang LaSalle Incorporated (NYSE:JLL - Free Report) by 14.1% during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 232,826 shares of the financial services provider's stock after selling 38,189 shares during the quarter. Principal Financial Group Inc. owned 0.49% of Jones Lang LaSalle worth $62,819,000 as of its most recent filing with the Securities and Exchange Commission.
Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Massmutual Trust Co. FSB ADV lifted its holdings in Jones Lang LaSalle by 37.5% during the third quarter. Massmutual Trust Co. FSB ADV now owns 143 shares of the financial services provider's stock worth $39,000 after acquiring an additional 39 shares in the last quarter. Parallel Advisors LLC lifted its holdings in shares of Jones Lang LaSalle by 3.1% during the 2nd quarter. Parallel Advisors LLC now owns 1,625 shares of the financial services provider's stock valued at $334,000 after purchasing an additional 49 shares in the last quarter. First Bank & Trust increased its stake 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 worth $607,000 after purchasing an additional 54 shares in the last quarter. Van ECK Associates Corp raised its holdings in Jones Lang LaSalle by 0.5% during the 3rd quarter. Van ECK Associates Corp now owns 11,390 shares of the financial services provider's stock worth $2,972,000 after buying an additional 54 shares during the period. Finally, Tandem Capital Management Corp ADV lifted its stake in Jones Lang LaSalle by 0.4% in the second quarter. Tandem Capital Management Corp ADV now owns 13,747 shares of the financial services provider's stock valued at $2,779,000 after buying an additional 55 shares in the last quarter. Institutional investors own 94.80% of the company's stock.
Jones Lang LaSalle Stock Up 1.4 %
Shares of Jones Lang LaSalle stock traded up $3.62 during trading hours on Friday, reaching $269.06. 347,208 shares of the company's stock were exchanged, compared to its average volume of 328,857. The company has a current ratio of 2.29, a quick ratio of 2.58 and a debt-to-equity ratio of 0.16. The company has a 50 day moving average of $262.99 and a two-hundred day moving average of $232.59. The stock has a market cap of $12.76 billion, a P/E ratio of 27.21 and a beta of 1.37. Jones Lang LaSalle Incorporated has a fifty-two week low of $136.83 and a fifty-two week 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 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 the consensus estimate of $5.62 billion. During the same period last year, the company earned $2.01 earnings per share. The business's revenue was up 14.8% compared to the same quarter last year. On average, sell-side analysts forecast that Jones Lang LaSalle Incorporated will post 12.99 EPS for the current fiscal year.
Analysts Set New Price Targets
JLL has been the topic of a number of research analyst reports. Raymond James raised their price objective on shares of Jones Lang LaSalle from $246.00 to $268.00 and gave the stock a "strong-buy" rating in a report on Thursday, July 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 objective on Jones Lang LaSalle from $240.00 to $250.00 and gave the stock a "market perform" rating in a report on Thursday, August 8th. Two research analysts have rated the stock with a hold rating, three have assigned a buy rating and two have issued a strong buy rating to the stock. According to data from MarketBeat, the stock has an average rating of "Buy" and a consensus target price of $246.80.
Check Out Our Latest Analysis on JLL
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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