Man Group plc Sells 13,889 Shares of Jones Lang LaSalle Incorporated (NYSE:JLL)

Man Group plc cut its stake in Jones Lang LaSalle Incorporated (NYSE:JLL - Free Report) by 35.6% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 25,079 shares of the financial services provider's stock after selling 13,889 shares during the period. Man Group plc owned 0.05% of Jones Lang LaSalle worth $6,348,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors also recently modified their holdings of the company. Boston Trust Walden Corp raised its stake in shares of Jones Lang LaSalle by 1.9% in the fourth quarter. Boston Trust Walden Corp now owns 305,768 shares of the financial services provider's stock worth $77,402,000 after acquiring an additional 5,663 shares during the last quarter. Principal Securities Inc. grew its position in shares of Jones Lang LaSalle by 166.7% during the 4th quarter. Principal Securities Inc. now owns 176 shares of the financial services provider's stock worth $45,000 after buying an additional 110 shares during the period. Fox Run Management L.L.C. acquired a new stake in shares of Jones Lang LaSalle during the 4th quarter worth approximately $413,000. New Age Alpha Advisors LLC acquired a new stake in shares of Jones Lang LaSalle during the 4th quarter worth approximately $7,099,000. Finally, Sanctuary Advisors LLC grew its position in shares of Jones Lang LaSalle by 7.2% during the 4th quarter. Sanctuary Advisors LLC now owns 3,010 shares of the financial services provider's stock worth $762,000 after buying an additional 201 shares during the period. 94.80% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

Several equities research analysts have recently commented on JLL shares. Raymond James lifted their price target on shares of Jones Lang LaSalle from $317.00 to $320.00 and gave the stock a "strong-buy" rating in a research report on Friday, January 24th. Wall Street Zen cut shares of Jones Lang LaSalle from a "strong-buy" rating to a "buy" rating in a research report on Tuesday, May 13th. JPMorgan Chase & Co. lowered 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 report on Thursday, April 10th. UBS Group lowered 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 research report on Friday, April 11th. Finally, Keefe, Bruyette & Woods decreased their price objective on shares of Jones Lang LaSalle from $325.00 to $280.00 and set an "outperform" rating for the company in a report on Thursday, April 17th. Six investment analysts have rated the stock with a buy rating and one has assigned a strong buy rating to the company's stock. According to MarketBeat, the stock presently has an average rating of "Buy" and an average price target of $315.83.

Jones Lang LaSalle Trading Up 0.4%

NYSE JLL traded up $0.79 during trading on Friday, reaching $215.79. 313,729 shares of the stock traded hands, compared to its average volume of 327,636. The firm has a market cap of $10.24 billion, a price-to-earnings ratio of 19.11 and a beta of 1.33. The stock's 50-day moving average price is $229.27 and its 200 day moving average price is $252.95. The company has a quick ratio of 2.29, a current ratio of 2.00 and a debt-to-equity ratio of 0.12. Jones Lang LaSalle Incorporated has a fifty-two week low of $192.94 and a fifty-two week high of $288.50.

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 (EPS) for the quarter, beating analysts' consensus estimates of $2.02 by $0.29. The firm had revenue of $5.75 billion during the quarter, compared to analysts' expectations of $5.65 billion. Jones Lang LaSalle had a net margin of 2.33% and a return on equity of 10.20%. The business's revenue for the quarter was up 12.1% on a year-over-year basis. During the same quarter in the previous year, the company earned $1.78 earnings per share. Analysts predict that Jones Lang LaSalle Incorporated will post 16.45 EPS for the current year.

About Jones Lang LaSalle

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.