Rivermont Capital Management LP Sells 30,794 Shares of Jones Lang LaSalle Incorporated (NYSE:JLL)

Rivermont Capital Management LP reduced its stake in Jones Lang LaSalle Incorporated (NYSE:JLL - Free Report) by 37.8% during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 50,637 shares of the financial services provider's stock after selling 30,794 shares during the quarter. Jones Lang LaSalle comprises approximately 4.8% of Rivermont Capital Management LP's holdings, making the stock its 10th largest position. Rivermont Capital Management LP owned 0.11% of Jones Lang LaSalle worth $12,818,000 as of its most recent SEC filing.

Other institutional investors have also recently modified their holdings of the company. EdgePoint Investment Group Inc. raised its holdings in Jones Lang LaSalle by 5.7% in the 4th quarter. EdgePoint Investment Group Inc. now owns 1,639,526 shares of the financial services provider's stock worth $415,030,000 after acquiring an additional 88,479 shares during the last quarter. Invesco Ltd. lifted its position in shares of Jones Lang LaSalle by 0.9% during the 4th quarter. Invesco Ltd. now owns 944,623 shares of the financial services provider's stock valued at $239,122,000 after buying an additional 8,274 shares in the last quarter. Geode Capital Management LLC increased its stake in shares of Jones Lang LaSalle by 4.6% in the fourth quarter. Geode Capital Management LLC now owns 934,958 shares of the financial services provider's stock worth $240,190,000 after purchasing an additional 41,331 shares in the last quarter. Norges Bank purchased a new position in shares of Jones Lang LaSalle in the fourth quarter valued at about $149,468,000. Finally, Arrowstreet Capital Limited Partnership boosted its stake in Jones Lang LaSalle by 13.7% in the 4th quarter. Arrowstreet Capital Limited Partnership now owns 542,675 shares of the financial services provider's stock worth $137,373,000 after purchasing an additional 65,407 shares during the period. 94.80% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

JLL has been the topic of a number of research reports. UBS Group reduced their price objective on Jones Lang LaSalle from $340.00 to $305.00 and set a "buy" rating on the stock in a research note on Friday, April 11th. JPMorgan Chase & Co. decreased their price target 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. Keefe, Bruyette & Woods decreased their price target on shares of 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. Raymond James raised their target price on shares of Jones Lang LaSalle from $317.00 to $320.00 and gave the company a "strong-buy" rating in a research report on Friday, January 24th. Finally, StockNews.com cut Jones Lang LaSalle from a "strong-buy" rating to a "buy" rating in a research note on Tuesday, May 13th. Six investment analysts have rated the stock with a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat.com, the company currently has an average rating of "Buy" and a consensus price target of $315.83.

Jones Lang LaSalle Price Performance

Shares of NYSE:JLL traded down $2.00 during trading on Tuesday, reaching $229.43. The stock had a trading volume of 211,028 shares, compared to its average volume of 368,351. The stock has a market cap of $10.89 billion, a PE ratio of 20.32 and a beta of 1.33. The company has a debt-to-equity ratio of 0.12, a quick ratio of 2.29 and a current ratio of 2.00. Jones Lang LaSalle Incorporated has a 1-year low of $192.94 and a 1-year high of $288.50. The business has a fifty day moving average price of $231.58 and a 200-day moving average price of $254.20.

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. The firm had revenue of $5.75 billion during the quarter, compared to analysts' expectations of $5.65 billion. Jones Lang LaSalle had a net margin of 2.33% and a return on equity of 10.20%. The firm's quarterly revenue was up 12.1% on a year-over-year basis. During the same quarter last year, the company posted $1.78 EPS. On average, equities analysts forecast that Jones Lang LaSalle Incorporated will post 16.45 earnings per share for the current fiscal year.

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.