BNP Paribas Financial Markets Sells 14,823 Shares of Jones Lang LaSalle Incorporated (NYSE:JLL)

BNP Paribas Financial Markets decreased its position in shares of Jones Lang LaSalle Incorporated (NYSE:JLL - Free Report) by 40.3% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 21,986 shares of the financial services provider's stock after selling 14,823 shares during the quarter. BNP Paribas Financial Markets' holdings in Jones Lang LaSalle were worth $5,566,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the stock. Ameriprise Financial Inc. boosted its holdings in Jones Lang LaSalle by 27.7% in the fourth quarter. Ameriprise Financial Inc. now owns 199,789 shares of the financial services provider's stock worth $50,575,000 after purchasing an additional 43,378 shares during the last quarter. Algert Global LLC boosted its holdings in Jones Lang LaSalle by 60.8% in the fourth quarter. Algert Global LLC now owns 43,233 shares of the financial services provider's stock worth $10,944,000 after purchasing an additional 16,345 shares during the last quarter. Alyeska Investment Group L.P. purchased a new stake in Jones Lang LaSalle in the fourth quarter worth approximately $24,402,000. Freestone Grove Partners LP purchased a new stake in Jones Lang LaSalle in the fourth quarter worth approximately $201,000. Finally, Schonfeld Strategic Advisors LLC boosted its holdings in Jones Lang LaSalle by 1,157.7% in the fourth quarter. Schonfeld Strategic Advisors LLC now owns 20,437 shares of the financial services provider's stock worth $5,173,000 after purchasing an additional 18,812 shares during the last quarter. Institutional investors own 94.80% of the company's stock.

Jones Lang LaSalle Price Performance

Shares of JLL stock traded down $4.76 during trading hours on Monday, hitting $231.18. The stock had a trading volume of 337,220 shares, compared to its average volume of 323,341. Jones Lang LaSalle Incorporated has a one year low of $192.94 and a one year high of $288.50. The company has a debt-to-equity ratio of 0.12, a current ratio of 2.00 and a quick ratio of 2.29. The stock's 50-day moving average price is $231.58 and its two-hundred day moving average price is $254.20. The stock has a market capitalization of $10.98 billion, a price-to-earnings ratio of 20.48 and a beta of 1.33.

Jones Lang LaSalle (NYSE:JLL - Get Free Report) last issued its quarterly earnings data on Wednesday, May 7th. The financial services provider reported $2.31 earnings per share for the quarter, topping the consensus estimate of $2.02 by $0.29. Jones Lang LaSalle had a return on equity of 10.20% and a net margin of 2.33%. The company had revenue of $5.75 billion for the quarter, compared to analysts' expectations of $5.65 billion. During the same period in the previous year, the firm posted $1.78 earnings per share. The firm's revenue for the quarter was up 12.1% on a year-over-year basis. Equities analysts forecast that Jones Lang LaSalle Incorporated will post 16.45 EPS for the current year.

Analyst Upgrades and Downgrades

Several equities research analysts recently issued reports on the stock. Raymond James raised their target price on shares of Jones Lang LaSalle from $317.00 to $320.00 and gave the stock a "strong-buy" rating in a report on Friday, January 24th. Keefe, Bruyette & Woods dropped their price target on shares of Jones Lang LaSalle from $325.00 to $280.00 and set an "outperform" rating on the stock in a research note on Thursday, April 17th. StockNews.com cut shares of Jones Lang LaSalle from a "strong-buy" rating to a "buy" rating in a research note on Tuesday, May 13th. JPMorgan Chase & Co. dropped their price target on shares of Jones Lang LaSalle from $327.00 to $285.00 and set an "overweight" rating on the stock in a research note on Thursday, April 10th. Finally, UBS Group dropped their price target on shares of Jones Lang LaSalle from $340.00 to $305.00 and set a "buy" rating on the stock in a research note on Friday, April 11th. Six research analysts have rated the stock with a buy rating and one has given a strong buy rating to the company's stock. According to MarketBeat.com, Jones Lang LaSalle has a consensus rating of "Buy" and an average price target of $315.83.

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.