Jefferies Financial Group Inc. reduced its stake in shares of Jones Lang LaSalle Incorporated (NYSE:JLL - Free Report) by 68.2% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 16,764 shares of the financial services provider's stock after selling 35,875 shares during the quarter. Jefferies Financial Group Inc.'s holdings in Jones Lang LaSalle were worth $4,244,000 at the end of the most recent quarter.
Other institutional investors have also recently added to or reduced their stakes in the company. Boston Trust Walden Corp grew its stake in Jones Lang LaSalle by 1.9% during the 4th quarter. Boston Trust Walden Corp now owns 305,768 shares of the financial services provider's stock worth $77,402,000 after buying an additional 5,663 shares during the last quarter. Principal Securities Inc. grew its stake in 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 last quarter. Fox Run Management L.L.C. bought a new position in shares of Jones Lang LaSalle in the fourth quarter worth $413,000. New Age Alpha Advisors LLC bought a new position in shares of Jones Lang LaSalle in the fourth quarter worth $7,099,000. Finally, Oak Thistle LLC bought a new position in shares of Jones Lang LaSalle in the fourth quarter worth $686,000. 94.80% of the stock is currently owned by institutional investors.
Analyst Upgrades and Downgrades
Several research firms have recently issued reports on JLL. StockNews.com cut Jones Lang LaSalle from a "strong-buy" rating to a "buy" rating in a research note on Tuesday. Keefe, Bruyette & Woods decreased their price target 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. UBS Group decreased their price target on 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 raised their target price 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. Finally, JPMorgan Chase & Co. decreased their target price 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 given a strong buy rating to the stock. According to MarketBeat.com, Jones Lang LaSalle presently has an average rating of "Buy" and an average price target of $315.83.
Get Our Latest Stock Report on JLL
Jones Lang LaSalle Stock Performance
Shares of JLL stock traded up $0.50 during trading on Friday, reaching $236.04. The company had a trading volume of 400,504 shares, compared to its average volume of 322,704. The firm's 50 day simple moving average is $232.21 and its two-hundred day simple moving average is $254.94. The company has a debt-to-equity ratio of 0.12, a current ratio of 2.00 and a quick ratio of 2.29. Jones Lang LaSalle Incorporated has a one year low of $192.94 and a one year high of $288.50. The company has a market capitalization of $11.21 billion, a PE ratio of 20.91 and a beta of 1.33.
Jones Lang LaSalle (NYSE:JLL - Get Free Report) last issued 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 company had revenue of $5.75 billion during the quarter, compared to analyst estimates of $5.65 billion. During the same period in the previous year, the company earned $1.78 earnings per share. The company's quarterly revenue was up 12.1% compared to the same quarter last year. Sell-side analysts forecast that Jones Lang LaSalle Incorporated will post 16.45 earnings per share for the current year.
Jones Lang LaSalle Profile
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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.
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