Jefferies Financial Group Inc. decreased its holdings in Jones Lang LaSalle Incorporated (NYSE:JLL - Free Report) by 68.2% in the 4th quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 16,764 shares of the financial services provider's stock after selling 35,875 shares during the quarter. Jefferies Financial Group Inc.'s holdings in Jones Lang LaSalle were worth $4,244,000 as of its most recent filing with the SEC.
A number of other large investors also recently modified their holdings of JLL. Tidal Investments LLC increased its stake in Jones Lang LaSalle by 4.7% during the 4th quarter. Tidal Investments LLC now owns 846 shares of the financial services provider's stock valued at $214,000 after buying an additional 38 shares during the period. Hudson Edge Investment Partners Inc. increased its stake in shares of 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 acquiring an additional 40 shares during the period. Greenleaf Trust lifted its position 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 worth $409,000 after purchasing an additional 47 shares during the period. Ellevest Inc. raised its stake in shares of Jones Lang LaSalle by 3.7% in the 4th quarter. Ellevest Inc. now owns 1,326 shares of the financial services provider's stock worth $336,000 after buying an additional 47 shares in the last quarter. Finally, CIBC Private Wealth Group LLC raised its position in Jones Lang LaSalle by 25.0% in the fourth quarter. CIBC Private Wealth Group LLC now owns 250 shares of the financial services provider's stock worth $62,000 after acquiring an additional 50 shares in the last quarter. 94.80% of the stock is owned by institutional investors and hedge funds.
Analyst Ratings Changes
JLL has been the subject of several analyst reports. JPMorgan Chase & Co. reduced their target price on Jones Lang LaSalle from $327.00 to $285.00 and set an "overweight" rating for the company in a report on Thursday, April 10th. Wall Street Zen cut Jones Lang LaSalle from a "strong-buy" rating to a "buy" rating in a research report on Tuesday, May 13th. Keefe, Bruyette & Woods dropped their price target on Jones Lang LaSalle from $325.00 to $280.00 and set an "outperform" rating on the stock in a research report on Thursday, April 17th. UBS Group decreased their price target on shares of Jones Lang LaSalle from $340.00 to $305.00 and set a "buy" rating for the company in a report on Friday, April 11th. Finally, Citigroup cut their price target on Jones Lang LaSalle from $275.00 to $240.00 and set a "neutral" rating for the company in a research note on Wednesday. One investment analyst has rated the stock with a hold rating, six have given a buy rating and one has given a strong buy rating to the company's stock. According to data from MarketBeat, the company presently has a consensus rating of "Buy" and an average price target of $305.00.
Read Our Latest Research Report on Jones Lang LaSalle
Jones Lang LaSalle Stock Performance
NYSE JLL traded down $2.36 during midday trading on Wednesday, hitting $220.10. The company had a trading volume of 251,102 shares, compared to its average volume of 328,075. The firm has a fifty day simple moving average of $227.28 and a two-hundred day simple moving average of $251.99. Jones Lang LaSalle Incorporated has a fifty-two week low of $192.94 and a fifty-two 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 cap of $10.45 billion, a price-to-earnings ratio of 19.49 and a beta of 1.33.
Jones Lang LaSalle (NYSE:JLL - Get Free Report) last issued its quarterly earnings results on Wednesday, May 7th. The financial services provider reported $2.31 earnings per share (EPS) for the quarter, beating 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 firm had revenue of $5.75 billion for the quarter, compared to analyst estimates of $5.65 billion. During the same period in the previous year, the company posted $1.78 earnings per share. The company's quarterly revenue was up 12.1% compared to the same quarter last year. Equities analysts forecast that Jones Lang LaSalle Incorporated will post 16.45 earnings per share for the current fiscal year.
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.
Featured Stories
Before you consider Jones Lang LaSalle, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Jones Lang LaSalle wasn't on the list.
While Jones Lang LaSalle currently has a Buy rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
Today, we are inviting you to take a free peek at our proprietary, exclusive, and up-to-the-minute list of 20 stocks that Wall Street's top analysts hate.
Many of these appear to have good fundamentals and might seem like okay investments, but something is wrong. Analysts smell something seriously rotten about these companies. These are true "Strong Sell" stocks.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
