Vanguard Group Inc. Trims Stock Holdings in Jones Lang LaSalle Incorporated (NYSE:JLL)

Vanguard Group Inc. reduced its stake in shares of Jones Lang LaSalle Incorporated (NYSE:JLL) by 0.3% during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 7,007,175 shares of the financial services provider’s stock after selling 21,767 shares during the period. Vanguard Group Inc. owned 0.15% of Jones Lang LaSalle worth $1,773,796,000 at the end of the most recent reporting period.

A number of other hedge funds also recently made changes to their positions in the stock. Hudson Edge Investment Partners Inc. lifted its holdings in Jones Lang LaSalle by 3.1% during the fourth quarter. Hudson Edge Investment Partners Inc. now owns 1,332 shares of the financial services provider’s stock valued at $337,000 after purchasing an additional 40 shares in the last quarter. Greenleaf Trust lifted its stake in shares of Jones Lang LaSalle by 3.0% during the 4th quarter. Greenleaf Trust now owns 1,617 shares of the financial services provider’s stock valued at $409,000 after buying an additional 47 shares in the last quarter. MassMutual Private Wealth & Trust FSB boosted its holdings in Jones Lang LaSalle by 35.7% in the 4th quarter. MassMutual Private Wealth & Trust FSB now owns 194 shares of the financial services provider’s stock worth $49,000 after buying an additional 51 shares during the period. Private Trust Co. NA increased its stake in 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 worth $27,000 after buying an additional 56 shares in the last quarter. Finally, Nomura Asset Management Co. Ltd. raised its holdings in Jones Lang LaSalle by 11.1% during the third quarter. Nomura Asset Management Co. Ltd. now owns 589 shares of the financial services provider’s stock valued at $159,000 after acquiring an additional 59 shares during the period. 94.80% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

Several analysts recently issued reports on the company. StockNews.com upgraded Jones Lang LaSalle from a “buy” rating to a “strong-buy” rating in a research report on Saturday, March 22nd. Keefe, Bruyette & Woods raised shares of Jones Lang LaSalle from a “market perform” rating to an “outperform” rating and increased their price objective for the company from $292.00 to $325.00 in a report on Tuesday, December 10th. The Goldman Sachs Group started coverage on shares of Jones Lang LaSalle in a report on Friday, December 6th. They issued a “buy” rating and a $352.00 target price on the stock. JPMorgan Chase & Co. boosted their price target on shares of Jones Lang LaSalle from $263.00 to $327.00 and gave the stock an “overweight” rating in a research note on Monday, December 16th. Finally, Raymond James lifted their target price on Jones Lang LaSalle from $317.00 to $320.00 and gave the stock a “strong-buy” rating in a report on Friday, January 24th. Six analysts have rated the stock with a buy rating and two have assigned a strong buy rating to the company’s stock. Based on data from MarketBeat, Jones Lang LaSalle currently has a consensus rating of “Buy” and an average price target of $309.00.

Jones Lang LaSalle Stock Performance

Shares of NYSE:JLL opened at $254.24 on Thursday. The firm has a fifty day simple moving average of $267.21 and a two-hundred day simple moving average of $264.68. Jones Lang LaSalle Incorporated has a 52 week low of $171.45 and a 52 week high of $288.50. The company has a quick ratio of 2.29, a current ratio of 2.00 and a debt-to-equity ratio of 0.12. The stock has a market capitalization of $12.05 billion, a P/E ratio of 22.52 and a beta of 1.36.

Jones Lang LaSalle (NYSE:JLL) last released its quarterly earnings results on Wednesday, February 19th. The financial services provider reported $6.15 EPS for the quarter, topping the consensus estimate of $5.76 by $0.39. Jones Lang LaSalle had a return on equity of 10.20% and a net margin of 2.33%. The company had revenue of $6.81 billion during the quarter, compared to analyst estimates of $6.65 billion. During the same quarter last year, the business posted $4.23 earnings per share. The firm’s revenue was up 15.8% on a year-over-year basis. On average, analysts expect that Jones Lang LaSalle Incorporated will post 16.45 earnings per share for the current fiscal year.

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.