Royal London Asset Management Ltd. Sells 35,465 Shares of Jones Lang LaSalle Incorporated (NYSE:JLL)

Royal London Asset Management Ltd. decreased its position in shares of Jones Lang LaSalle Incorporated (NYSE:JLL - Free Report) by 21.8% during the 4th quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 127,131 shares of the financial services provider's stock after selling 35,465 shares during the quarter. Royal London Asset Management Ltd. owned approximately 0.27% of Jones Lang LaSalle worth $32,182,000 as of its most recent SEC filing.

A number of other hedge funds have also recently bought and sold shares of the company. FMR LLC boosted its holdings in Jones Lang LaSalle by 15.0% in the third quarter. FMR LLC now owns 3,530,720 shares of the financial services provider's stock valued at $952,624,000 after acquiring an additional 459,466 shares during the last quarter. State Street Corp boosted its stake in Jones Lang LaSalle by 0.4% in the third quarter. State Street Corp now owns 1,423,831 shares of the financial services provider's stock valued at $384,164,000 after acquiring an additional 6,304 shares during the last quarter. Wellington Management Group LLP increased its holdings in Jones Lang LaSalle by 6.3% in the third quarter. Wellington Management Group LLP now owns 899,305 shares of the financial services provider's stock valued at $242,641,000 after purchasing an additional 53,066 shares during the last quarter. Geode Capital Management LLC boosted its holdings in Jones Lang LaSalle by 0.3% during the third quarter. Geode Capital Management LLC now owns 893,627 shares of the financial services provider's stock worth $241,165,000 after buying an additional 3,109 shares during the last quarter. Finally, Artemis Investment Management LLP grew its position in shares of Jones Lang LaSalle by 18.9% during the 4th quarter. Artemis Investment Management LLP now owns 394,214 shares of the financial services provider's stock worth $99,791,000 after buying an additional 62,700 shares during the period. 94.80% of the stock is currently owned by institutional investors.

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Wall Street Analyst Weigh In

Several research analysts recently weighed in on JLL shares. Raymond James lifted their price objective on shares of Jones Lang LaSalle from $317.00 to $320.00 and gave the stock a "strong-buy" rating in a research note on Friday, January 24th. Keefe, Bruyette & Woods raised shares of Jones Lang LaSalle from a "market perform" rating to an "outperform" rating and boosted their price target for the company from $292.00 to $325.00 in a report on Tuesday, December 10th. Wolfe Research upgraded Jones Lang LaSalle from a "peer perform" rating to an "outperform" rating and set a $353.00 price objective for the company in a research report on Monday, November 25th. StockNews.com raised shares of Jones Lang LaSalle from a "buy" rating to a "strong-buy" rating in a research note on Saturday. Finally, The Goldman Sachs Group began coverage on shares of Jones Lang LaSalle in a research report on Friday, December 6th. They set a "buy" rating and a $352.00 price objective for the company. Six research analysts have rated the stock with a buy rating and two have issued a strong buy rating to the company. According to MarketBeat.com, Jones Lang LaSalle presently has a consensus rating of "Buy" and a consensus price target of $309.00.

Jones Lang LaSalle Stock Up 3.9 %

Shares of JLL stock traded up $9.81 during trading on Monday, reaching $260.06. The company's stock had a trading volume of 214,011 shares, compared to its average volume of 297,367. Jones Lang LaSalle Incorporated has a one year low of $171.45 and a one year high of $288.50. The business has a fifty day moving average price of $266.84 and a 200-day moving average price of $264.65. The company has a market cap of $12.32 billion, a price-to-earnings ratio of 23.03 and a beta of 1.36. The company has a quick ratio of 2.29, a current ratio of 2.00 and a debt-to-equity ratio of 0.12.

Jones Lang LaSalle (NYSE:JLL - Get Free Report) last released its earnings results on Wednesday, February 19th. The financial services provider reported $6.15 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $5.76 by $0.39. The business had revenue of $6.81 billion for the quarter, compared to the consensus estimate of $6.65 billion. Jones Lang LaSalle had a return on equity of 10.20% and a net margin of 2.33%. Jones Lang LaSalle's quarterly revenue was up 15.8% on a year-over-year basis. During the same quarter in the previous year, the business earned $4.23 earnings per share. Analysts anticipate that Jones Lang LaSalle Incorporated will post 16.45 earnings per share for the current year.

Jones Lang LaSalle Company 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.