Jones Lang LaSalle Incorporated (NYSE:JLL) Shares Sold by Fort Washington Investment Advisors Inc. OH

Fort Washington Investment Advisors Inc. OH reduced its position in shares of Jones Lang LaSalle Incorporated (NYSE:JLL - Free Report) by 2.0% in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 403,775 shares of the financial services provider's stock after selling 8,315 shares during the period. Fort Washington Investment Advisors Inc. OH owned 0.85% of Jones Lang LaSalle worth $100,100,000 at the end of the most recent quarter.

A number of other hedge funds have also made changes to their positions in JLL. Fifth Third Bancorp raised its holdings in shares of Jones Lang LaSalle by 22.0% during the 1st quarter. Fifth Third Bancorp now owns 2,098 shares of the financial services provider's stock worth $520,000 after acquiring an additional 378 shares during the period. Simon Quick Advisors LLC acquired a new position in Jones Lang LaSalle in the 1st quarter valued at about $342,000. USA Financial Formulas purchased a new stake in shares of Jones Lang LaSalle in the 1st quarter valued at approximately $222,000. Assenagon Asset Management S.A. increased its holdings in shares of Jones Lang LaSalle by 41.8% during the 1st quarter. Assenagon Asset Management S.A. now owns 135,361 shares of the financial services provider's stock worth $33,557,000 after buying an additional 39,935 shares during the last quarter. Finally, SG Americas Securities LLC raised its position in shares of Jones Lang LaSalle by 51.5% during the 1st quarter. SG Americas Securities LLC now owns 422,688 shares of the financial services provider's stock valued at $104,789,000 after buying an additional 143,623 shares during the period. Institutional investors and hedge funds own 94.80% of the company's stock.

Jones Lang LaSalle Stock Performance

NYSE:JLL traded up $4.38 during trading hours on Thursday, reaching $241.88. 650,551 shares of the company's stock were exchanged, compared to its average volume of 336,591. Jones Lang LaSalle Incorporated has a 1-year low of $194.36 and a 1-year 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 firm has a market capitalization of $11.48 billion, a price-to-earnings ratio of 21.42 and a beta of 1.31. The company has a 50-day moving average of $223.66 and a 200 day moving average of $249.63.

Jones Lang LaSalle (NYSE:JLL - Get Free Report) last released its quarterly earnings results on Wednesday, May 7th. The financial services provider reported $2.31 earnings per share (EPS) for the quarter, topping analysts' consensus estimates 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 quarter last year, the company posted $1.78 earnings per share. The business's revenue was up 12.1% on a year-over-year basis. Research analysts anticipate that Jones Lang LaSalle Incorporated will post 16.45 EPS for the current year.

Analyst Upgrades and Downgrades

A number of equities research analysts have commented on JLL shares. UBS Group reduced their target price on Jones Lang LaSalle from $340.00 to $305.00 and set a "buy" rating on the stock in a research report on Friday, April 11th. Wall Street Zen downgraded Jones Lang LaSalle from a "strong-buy" rating to a "buy" rating in a research report on Tuesday, May 13th. Citigroup reduced their price objective on Jones Lang LaSalle from $275.00 to $240.00 and set a "neutral" rating on the stock in a research note on Wednesday, May 28th. JPMorgan Chase & Co. decreased their price target on shares of Jones Lang LaSalle from $327.00 to $285.00 and set an "overweight" rating for the company in a research note on Thursday, April 10th. Finally, Keefe, Bruyette & Woods lowered their price objective on Jones Lang LaSalle from $325.00 to $280.00 and set an "outperform" rating for the company in a research report on Thursday, April 17th. One equities research analyst has rated the stock with a hold rating, six have assigned a buy rating and one has issued a strong buy rating to the company's stock. According to MarketBeat, Jones Lang LaSalle currently has an average rating of "Buy" and an average target price of $305.00.

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.