Principal Financial Group Inc. Sells 38,189 Shares of Jones Lang LaSalle Incorporated (NYSE:JLL)

Principal Financial Group Inc. lessened its stake in shares of Jones Lang LaSalle Incorporated (NYSE:JLL - Free Report) by 14.1% during the third quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 232,826 shares of the financial services provider's stock after selling 38,189 shares during the period. Principal Financial Group Inc. owned 0.49% of Jones Lang LaSalle worth $62,819,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also bought and sold shares of the company. Innealta Capital LLC acquired a new position in shares of Jones Lang LaSalle during the second quarter valued at about $34,000. Brooklyn Investment Group bought a new stake in Jones Lang LaSalle in the 3rd quarter valued at about $34,000. UMB Bank n.a. raised its stake in Jones Lang LaSalle by 350.0% during the 3rd quarter. UMB Bank n.a. now owns 135 shares of the financial services provider's stock worth $36,000 after buying an additional 105 shares during the period. V Square Quantitative Management LLC bought a new position in Jones Lang LaSalle in the third quarter worth approximately $37,000. Finally, Massmutual Trust Co. FSB ADV grew its stake in 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 acquiring an additional 39 shares during the period. 94.80% of the stock is owned by institutional investors.

Analysts Set New Price Targets

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

Jones Lang LaSalle Stock Performance

Shares of Jones Lang LaSalle stock traded up $5.81 during trading hours on Friday, hitting $252.74. 1,070,993 shares of the company's stock traded hands, compared to its average volume of 290,660. The company has a fifty day simple moving average of $269.03 and a 200-day simple moving average of $248.07. The company has a debt-to-equity ratio of 0.16, a current ratio of 2.29 and a quick ratio of 2.29. The stock has a market capitalization of $11.99 billion, a price-to-earnings ratio of 25.56 and a beta of 1.34. Jones Lang LaSalle Incorporated has a 12-month low of $167.11 and a 12-month high of $288.50.

Jones Lang LaSalle (NYSE:JLL - Get Free Report) last announced its quarterly earnings data on Wednesday, November 6th. The financial services provider reported $3.50 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 business had revenue of $5.87 billion for the quarter, compared to analyst estimates of $5.62 billion. During the same quarter in the previous year, the firm posted $2.01 earnings per share. The company's revenue for the quarter was up 14.8% on a year-over-year basis. Equities research analysts anticipate that Jones Lang LaSalle Incorporated will post 13.37 EPS for the current fiscal 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.