Jones Lang LaSalle Incorporated (NYSE:JLL) Shares Sold by Verition Fund Management LLC

Verition Fund Management LLC cut its holdings in Jones Lang LaSalle Incorporated (NYSE:JLL - Free Report) by 64.3% during the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 1,053 shares of the financial services provider's stock after selling 1,894 shares during the period. Verition Fund Management LLC's holdings in Jones Lang LaSalle were worth $284,000 at the end of the most recent reporting period.

Other large investors have also recently made changes to their positions in the company. Huntington National Bank boosted its position in Jones Lang LaSalle by 22.9% in the 3rd quarter. Huntington National Bank now owns 204 shares of the financial services provider's stock valued at $55,000 after buying an additional 38 shares during the period. Massmutual Trust Co. FSB ADV boosted its position in Jones Lang LaSalle by 37.5% in the 3rd quarter. Massmutual Trust Co. FSB ADV now owns 143 shares of the financial services provider's stock valued at $39,000 after buying an additional 39 shares during the period. CIBC Asset Management Inc boosted its position in Jones Lang LaSalle by 3.5% in the 3rd quarter. CIBC Asset Management Inc now owns 1,375 shares of the financial services provider's stock valued at $371,000 after buying an additional 47 shares during the period. Parallel Advisors LLC boosted its position in Jones Lang LaSalle by 3.1% in the 2nd quarter. Parallel Advisors LLC now owns 1,625 shares of the financial services provider's stock valued at $334,000 after buying an additional 49 shares during the period. Finally, First Bank & Trust boosted its position in Jones Lang LaSalle by 2.5% in the 3rd quarter. First Bank & Trust now owns 2,251 shares of the financial services provider's stock valued at $607,000 after buying an additional 54 shares during the period. 94.80% of the stock is currently owned by institutional investors.

Jones Lang LaSalle Price Performance

Shares of NYSE JLL traded down $5.05 during mid-day trading on Friday, reaching $269.58. The company's stock had a trading volume of 274,770 shares, compared to its average volume of 287,285. The stock has a 50-day moving average of $269.20 and a two-hundred day moving average of $245.96. The stock has a market capitalization of $12.79 billion, a P/E ratio of 27.26 and a beta of 1.34. 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 Incorporated has a 1-year low of $167.11 and a 1-year high of $288.50.

Jones Lang LaSalle (NYSE:JLL - Get Free Report) last issued its earnings results on Wednesday, November 6th. The financial services provider reported $3.50 EPS for the quarter, topping analysts' consensus estimates of $2.67 by $0.83. The company had revenue of $5.87 billion for the quarter, compared to the consensus estimate of $5.62 billion. Jones Lang LaSalle had a net margin of 2.12% and a return on equity of 8.95%. Jones Lang LaSalle's quarterly revenue was up 14.8% compared to the same quarter last year. During the same period in the previous year, the firm earned $2.01 earnings per share. On average, equities research analysts anticipate that Jones Lang LaSalle Incorporated will post 13.37 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently weighed in on JLL shares. 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 shares of Jones Lang LaSalle from a "market perform" rating to an "outperform" rating and upped their price target for the stock from $292.00 to $325.00 in a research 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. Finally, The Goldman Sachs Group assumed coverage on shares of Jones Lang LaSalle in a research report on Friday, December 6th. They issued a "buy" rating and a $352.00 price target for the company. Six analysts have rated the stock with a buy rating and two have assigned a strong buy rating to the company's stock. According to MarketBeat.com, the company presently has an average rating of "Buy" and an average target price of $287.71.

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.