Focus Partners Wealth Trims Stake in Jones Lang LaSalle Incorporated (NYSE:JLL)

Focus Partners Wealth lessened its stake in Jones Lang LaSalle Incorporated (NYSE:JLL - Free Report) by 25.5% in the 4th quarter, according to its most recent filing with the SEC. The fund owned 20,759 shares of the financial services provider's stock after selling 7,094 shares during the period. Focus Partners Wealth's holdings in Jones Lang LaSalle were worth $5,257,000 at the end of the most recent quarter.

Several other hedge funds have also modified their holdings of JLL. Private Trust Co. NA lifted its position in Jones Lang LaSalle by 112.0% in the fourth quarter. Private Trust Co. NA now owns 106 shares of the financial services provider's stock valued at $27,000 after acquiring an additional 56 shares during the last quarter. R Squared Ltd acquired a new stake in shares of Jones Lang LaSalle in the fourth quarter valued at approximately $35,000. Principal Securities Inc. boosted its position in Jones Lang LaSalle by 166.7% during the fourth quarter. Principal Securities Inc. now owns 176 shares of the financial services provider's stock worth $45,000 after acquiring an additional 110 shares during the last quarter. MassMutual Private Wealth & Trust FSB raised its stake in 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 worth $49,000 after purchasing an additional 51 shares during the period. Finally, V Square Quantitative Management LLC raised its stake in 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 worth $53,000 after purchasing an additional 72 shares during the period. 94.80% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several research analysts have weighed in on the stock. 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. JPMorgan Chase & Co. dropped their target price 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. 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. Raymond James increased their price objective on shares of Jones Lang LaSalle from $317.00 to $320.00 and gave the company a "strong-buy" rating in a research note on Friday, January 24th. Finally, StockNews.com lowered shares of Jones Lang LaSalle from a "strong-buy" rating to a "buy" rating in a report on Tuesday, May 13th. Six research analysts have rated the stock with a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat.com, Jones Lang LaSalle presently has an average rating of "Buy" and an average price target of $315.83.

Jones Lang LaSalle Stock Performance

Shares of NYSE:JLL traded down $5.05 during midday trading on Monday, reaching $230.89. The company had a trading volume of 180,648 shares, compared to its average volume of 322,775. The company has a current ratio of 2.00, a quick ratio of 2.29 and a debt-to-equity ratio of 0.12. The stock has a market cap of $10.96 billion, a P/E ratio of 20.45 and a beta of 1.33. Jones Lang LaSalle Incorporated has a 52-week low of $192.94 and a 52-week high of $288.50. The company's 50 day moving average price is $232.01 and its 200 day moving average price is $254.44.

Jones Lang LaSalle (NYSE:JLL - Get Free Report) last announced its quarterly earnings results on Wednesday, May 7th. The financial services provider reported $2.31 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 business had revenue of $5.75 billion for the quarter, compared to analysts' expectations of $5.65 billion. During the same period in the previous 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, sell-side analysts anticipate that Jones Lang LaSalle Incorporated will post 16.45 EPS for the current fiscal year.

Jones Lang LaSalle Company 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.