Shelton Capital Management lessened its holdings in shares of Jones Lang LaSalle Incorporated (NYSE:JLL - Free Report) by 28.6% during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 8,472 shares of the financial services provider's stock after selling 3,390 shares during the quarter. Shelton Capital Management's holdings in Jones Lang LaSalle were worth $2,145,000 at the end of the most recent quarter.
Other hedge funds and other institutional investors have also made changes to their positions in the company. Hudson Edge Investment Partners Inc. boosted its stake in Jones Lang LaSalle by 3.1% in the 4th quarter. Hudson Edge Investment Partners Inc. now owns 1,332 shares of the financial services provider's stock worth $337,000 after buying an additional 40 shares during the last quarter. Greenleaf Trust grew its holdings in Jones Lang LaSalle by 3.0% in the fourth quarter. Greenleaf Trust now owns 1,617 shares of the financial services provider's stock valued at $409,000 after purchasing an additional 47 shares during the period. CIBC Private Wealth Group LLC increased its position in Jones Lang LaSalle by 25.0% during the fourth quarter. CIBC Private Wealth Group LLC now owns 250 shares of the financial services provider's stock worth $62,000 after purchasing an additional 50 shares during the last quarter. MassMutual Private Wealth & Trust FSB raised its stake in Jones Lang LaSalle by 35.7% during the fourth quarter. MassMutual Private Wealth & Trust FSB now owns 194 shares of the financial services provider's stock worth $49,000 after purchasing an additional 51 shares during the period. Finally, Private Trust Co. NA boosted its holdings in shares of Jones Lang LaSalle by 112.0% in the 4th quarter. Private Trust Co. NA now owns 106 shares of the financial services provider's stock valued at $27,000 after purchasing an additional 56 shares during the last quarter. Hedge funds and other institutional investors own 94.80% of the company's stock.
Jones Lang LaSalle Stock Up 2.0 %
Jones Lang LaSalle stock traded up $4.29 during midday trading on Monday, hitting $215.23. 40,174 shares of the company were exchanged, compared to its average volume of 311,376. The company has a market cap of $10.20 billion, a PE ratio of 19.06 and a beta of 1.22. Jones Lang LaSalle Incorporated has a fifty-two week low of $171.45 and a fifty-two week high of $288.50. The company's fifty day moving average price is $254.37 and its 200-day moving average price is $261.64. The company has a debt-to-equity ratio of 0.12, a current ratio of 2.00 and a quick ratio of 2.29.
Jones Lang LaSalle (NYSE:JLL - Get Free Report) last released its quarterly earnings results on Wednesday, February 19th. The financial services provider reported $6.15 earnings per share (EPS) for the quarter, topping the consensus estimate of $5.76 by $0.39. The firm had revenue of $6.81 billion for the quarter, compared to the consensus estimate of $6.65 billion. Jones Lang LaSalle had a net margin of 2.33% and a return on equity of 10.20%. The firm's quarterly revenue was up 15.8% on a year-over-year basis. During the same quarter in the previous year, the firm posted $4.23 EPS. On average, research analysts predict that Jones Lang LaSalle Incorporated will post 16.45 EPS for the current fiscal year.
Analyst Upgrades and Downgrades
JLL has been the topic of several research reports. StockNews.com lowered Jones Lang LaSalle from a "strong-buy" rating to a "buy" rating in a research report on Friday. UBS Group reduced their price objective on Jones Lang LaSalle from $340.00 to $305.00 and set a "buy" rating on the stock in a research note on Friday. JPMorgan Chase & Co. dropped their target price on shares of Jones Lang LaSalle from $327.00 to $285.00 and set an "overweight" rating for the company in a research report on Thursday. Finally, Raymond James lifted their price target on shares of Jones Lang LaSalle from $317.00 to $320.00 and gave the company a "strong-buy" rating in a research report on Friday, January 24th. Six investment analysts have rated the stock with a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat, the company presently has an average rating of "Buy" and an average target price of $323.33.
Check Out Our Latest Research Report on Jones Lang LaSalle
Jones Lang LaSalle Company Profile
(
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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