Nuveen Asset Management LLC Sells 4,956 Shares of Jones Lang LaSalle Incorporated (NYSE:JLL)

Nuveen Asset Management LLC lowered its stake in shares of Jones Lang LaSalle Incorporated (NYSE:JLL - Free Report) by 3.6% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 131,297 shares of the financial services provider's stock after selling 4,956 shares during the period. Nuveen Asset Management LLC owned approximately 0.28% of Jones Lang LaSalle worth $33,237,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors have also recently made changes to their positions in the company. Private Trust Co. NA raised its holdings in shares of Jones Lang LaSalle by 112.0% during the fourth quarter. Private Trust Co. NA now owns 106 shares of the financial services provider's stock valued at $27,000 after purchasing an additional 56 shares during the period. R Squared Ltd acquired a new position in shares of Jones Lang LaSalle during the fourth quarter valued at about $35,000. Principal Securities Inc. raised its holdings in shares of Jones Lang LaSalle by 166.7% during 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. MassMutual Private Wealth & Trust FSB raised its holdings in shares of Jones Lang LaSalle by 35.7% during the fourth quarter. MassMutual Private Wealth & Trust FSB now owns 194 shares of the financial services provider's stock valued at $49,000 after purchasing an additional 51 shares during the period. Finally, V Square Quantitative Management LLC raised its holdings in shares of Jones Lang LaSalle by 52.9% during the fourth quarter. V Square Quantitative Management LLC now owns 208 shares of the financial services provider's stock valued at $53,000 after purchasing an additional 72 shares during the period. Institutional investors and hedge funds own 94.80% of the company's stock.

Jones Lang LaSalle Stock Up 3.0%

JLL stock traded up $6.43 during trading on Tuesday, reaching $222.20. The stock had a trading volume of 392,527 shares, compared to its average volume of 328,278. Jones Lang LaSalle Incorporated has a one year low of $192.94 and a one 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 company's 50 day moving average is $227.89 and its two-hundred day moving average is $252.22. The company has a market capitalization of $10.55 billion, a price-to-earnings ratio of 19.68 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 (EPS) for the quarter, topping analysts' consensus estimates of $2.02 by $0.29. Jones Lang LaSalle had a net margin of 2.33% and a return on equity of 10.20%. The business had revenue of $5.75 billion during the quarter, compared to the consensus estimate of $5.65 billion. During the same period in the prior year, the firm posted $1.78 EPS. The firm's quarterly revenue was up 12.1% compared to the same quarter last year. Equities research analysts forecast that Jones Lang LaSalle Incorporated will post 16.45 EPS for the current year.

Analyst Upgrades and Downgrades

Several equities research analysts have recently commented on JLL shares. Keefe, Bruyette & Woods decreased their target price on shares of 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. JPMorgan Chase & Co. decreased their target price 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. Wall Street Zen downgraded shares of Jones Lang LaSalle from a "strong-buy" rating to a "buy" rating in a research report on Tuesday, May 13th. Finally, UBS Group decreased their target price 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. Six analysts have rated the stock with a buy rating and one has given a strong buy rating to the company's stock. According to data from MarketBeat, the stock presently has a consensus rating of "Buy" and a consensus 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.