Jones Lang LaSalle Incorporated (NYSE:JLL) Shares Sold by Bank of New Hampshire

Bank of New Hampshire cut its position in Jones Lang LaSalle Incorporated (NYSE:JLL) by 0.5% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The firm owned 11,200 shares of the financial services provider’s stock after selling 59 shares during the period. Bank of New Hampshire’s holdings in Jones Lang LaSalle were worth $2,835,000 at the end of the most recent quarter.

A number of other hedge funds have also modified their holdings of the company. Oliver Luxxe Assets LLC increased its holdings in shares of Jones Lang LaSalle by 3.3% in the fourth quarter. Oliver Luxxe Assets LLC now owns 23,963 shares of the financial services provider’s stock valued at $6,066,000 after purchasing an additional 757 shares during the period. CWA Asset Management Group LLC grew its holdings in Jones Lang LaSalle by 39.6% during the fourth quarter. CWA Asset Management Group LLC now owns 8,741 shares of the financial services provider’s stock worth $2,213,000 after acquiring an additional 2,481 shares during the period. Everence Capital Management Inc. acquired a new stake in Jones Lang LaSalle during the fourth quarter worth about $306,000. GAMMA Investing LLC grew its holdings in Jones Lang LaSalle by 16.3% during the fourth quarter. GAMMA Investing LLC now owns 842 shares of the financial services provider’s stock worth $213,000 after acquiring an additional 118 shares during the period. Finally, JPMorgan Chase & Co. grew its holdings in Jones Lang LaSalle by 39.1% during the third quarter. JPMorgan Chase & Co. now owns 196,705 shares of the financial services provider’s stock worth $53,073,000 after acquiring an additional 55,322 shares during the period. 94.80% of the stock is owned by institutional investors and hedge funds.

Jones Lang LaSalle Price Performance

Shares of NYSE JLL traded up $0.51 during midday trading on Tuesday, hitting $256.80. The stock had a trading volume of 4,872 shares, compared to its average volume of 188,175. The company has a market capitalization of $12.18 billion, a PE ratio of 25.97 and a beta of 1.36. The stock has a 50 day simple moving average of $266.00 and a 200-day simple moving average of $252.23. Jones Lang LaSalle Incorporated has a 1 year low of $167.11 and a 1 year high of $288.50. The company has a quick ratio of 2.29, a current ratio of 2.29 and a debt-to-equity ratio of 0.16.

Jones Lang LaSalle (NYSE:JLL) last announced its quarterly earnings data 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. 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 for the quarter, compared to the consensus estimate of $5.62 billion. During the same quarter last year, the business posted $2.01 earnings per share. The firm’s revenue was up 14.8% compared to the same quarter last year. On average, sell-side analysts expect that Jones Lang LaSalle Incorporated will post 13.37 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

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

Jones Lang LaSalle 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.