Twinbeech Capital LP Reduces Holdings in Jones Lang LaSalle Incorporated (NYSE:JLL)

Twinbeech Capital LP trimmed its holdings in Jones Lang LaSalle Incorporated (NYSE:JLL - Free Report) by 63.2% during the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 827 shares of the financial services provider's stock after selling 1,422 shares during the quarter. Twinbeech Capital LP's holdings in Jones Lang LaSalle were worth $209,000 at the end of the most recent reporting period.

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

Jones Lang LaSalle Price Performance

Jones Lang LaSalle stock traded down $0.13 during midday trading on Thursday, reaching $219.91. 52,997 shares of the stock traded hands, compared to its average volume of 327,002. 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's fifty day moving average is $227.28 and its 200-day moving average is $251.99. Jones Lang LaSalle Incorporated has a 12 month low of $192.94 and a 12 month high of $288.50. The stock has a market cap of $10.44 billion, a P/E ratio of 19.46 and a beta of 1.33.

Jones Lang LaSalle (NYSE:JLL - Get Free Report) last posted its quarterly earnings data on Wednesday, May 7th. The financial services provider reported $2.31 earnings per share 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 during the quarter, compared to analysts' expectations of $5.65 billion. During the same quarter last year, the firm earned $1.78 EPS. The business's quarterly revenue was up 12.1% on a year-over-year basis. As a group, equities research analysts anticipate that Jones Lang LaSalle Incorporated will post 16.45 EPS for the current year.

Analyst Upgrades and Downgrades

JLL has been the subject of a number of recent analyst reports. Wall Street Zen lowered shares of Jones Lang LaSalle from a "strong-buy" rating to a "buy" rating in a report 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 report on Thursday, April 10th. Citigroup cut their price target on shares of Jones Lang LaSalle from $275.00 to $240.00 and set a "neutral" rating on the stock in a research report on Wednesday. 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 research note on Friday, April 11th. Finally, Keefe, Bruyette & Woods dropped their target price on Jones Lang LaSalle from $325.00 to $280.00 and set an "outperform" rating for the company in a report on Thursday, April 17th. One analyst has rated the stock with a hold rating, six have assigned a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat.com, the stock presently has a consensus rating of "Buy" and a consensus price target 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.