Focus Partners Wealth lessened its stake in shares of Jones Lang LaSalle Incorporated (NYSE:JLL - Free Report) by 25.5% in the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. 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 as of its most recent filing with the Securities & Exchange Commission.
Several other large investors also recently bought and sold shares of the company. Hudson Edge Investment Partners Inc. increased its holdings in Jones Lang LaSalle by 3.1% in the 4th quarter. Hudson Edge Investment Partners Inc. now owns 1,332 shares of the financial services provider's stock valued at $337,000 after purchasing an additional 40 shares during the last quarter. Greenleaf Trust raised its holdings in shares of Jones Lang LaSalle by 3.0% in the 4th quarter. Greenleaf Trust now owns 1,617 shares of the financial services provider's stock valued at $409,000 after buying an additional 47 shares during the period. Ellevest Inc. lifted its stake in Jones Lang LaSalle by 3.7% during the 4th quarter. Ellevest Inc. now owns 1,326 shares of the financial services provider's stock worth $336,000 after acquiring an additional 47 shares in the last quarter. CIBC Private Wealth Group LLC boosted its holdings in Jones Lang LaSalle by 25.0% during the 4th quarter. CIBC Private Wealth Group LLC now owns 250 shares of the financial services provider's stock valued at $62,000 after acquiring an additional 50 shares during the period. Finally, Bessemer Group Inc. grew its position in Jones Lang LaSalle by 0.4% in the 4th quarter. Bessemer Group Inc. now owns 12,096 shares of the financial services provider's stock valued at $3,062,000 after acquiring an additional 50 shares in the last quarter. 94.80% of the stock is currently owned by hedge funds and other institutional investors.
Jones Lang LaSalle Price Performance
Shares of JLL traded down $1.39 on Tuesday, reaching $230.03. The stock had a trading volume of 91,137 shares, compared to its average volume of 367,136. The firm has a 50-day moving average of $231.58 and a 200 day moving average of $254.20. The firm has a market capitalization of $10.92 billion, a PE ratio of 20.37 and a beta of 1.33. Jones Lang LaSalle Incorporated has a twelve month low of $192.94 and a twelve month 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.
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 EPS for the quarter, beating the consensus estimate 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 for the quarter, compared to analyst estimates of $5.65 billion. During the same period in the prior year, the business earned $1.78 earnings per share. The company's quarterly revenue was up 12.1% on a year-over-year basis. Sell-side analysts expect that Jones Lang LaSalle Incorporated will post 16.45 EPS for the current year.
Analyst Ratings Changes
JLL has been the subject of several recent research reports. StockNews.com lowered shares of Jones Lang LaSalle from a "strong-buy" rating to a "buy" rating in a research note on Tuesday, May 13th. UBS Group dropped 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. Raymond James increased their price objective on 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. Keefe, Bruyette & Woods lowered their target price on Jones Lang LaSalle from $325.00 to $280.00 and set an "outperform" rating for the company in a research note on Thursday, April 17th. Finally, JPMorgan Chase & Co. decreased their price objective on 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. Six analysts have rated the stock with a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat.com, the company currently has an average rating of "Buy" and an average price target of $315.83.
View Our Latest Report on JLL
About Jones Lang LaSalle
(
Free Report)
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.
Featured Stories
Before you consider Jones Lang LaSalle, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Jones Lang LaSalle wasn't on the list.
While Jones Lang LaSalle currently has a Buy rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
If a company's CEO, COO, and CFO were all selling shares of their stock, would you want to know? MarketBeat just compiled its list of the twelve stocks that corporate insiders are abandoning. Complete the form below to see which companies made the list.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
