Select Equity Group L.P. Decreases Stock Holdings in Jones Lang LaSalle Incorporated (NYSE:JLL)

Select Equity Group L.P. reduced its holdings in shares of Jones Lang LaSalle Incorporated (NYSE:JLL - Free Report) by 22.9% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 704,600 shares of the financial services provider's stock after selling 209,707 shares during the period. Select Equity Group L.P. owned about 1.49% of Jones Lang LaSalle worth $178,362,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also bought and sold shares of JLL. Hudson Edge Investment Partners Inc. boosted its stake in shares of Jones Lang LaSalle by 3.1% during the fourth 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 period. Greenleaf Trust lifted its stake in Jones Lang LaSalle by 3.0% in the fourth quarter. Greenleaf Trust now owns 1,617 shares of the financial services provider's stock worth $409,000 after acquiring an additional 47 shares during the period. Ellevest Inc. lifted its position in Jones Lang LaSalle by 3.7% during the fourth quarter. Ellevest Inc. now owns 1,326 shares of the financial services provider's stock valued at $336,000 after buying an additional 47 shares during the period. CIBC Private Wealth Group LLC lifted its position in Jones Lang LaSalle by 25.0% during the fourth quarter. CIBC Private Wealth Group LLC now owns 250 shares of the financial services provider's stock valued at $62,000 after buying an additional 50 shares during the period. Finally, Bessemer Group Inc. increased its holdings in shares of Jones Lang LaSalle by 0.4% during the fourth 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 institutional investors.

Analysts Set New Price Targets

Several equities analysts have recently weighed in on JLL shares. JPMorgan Chase & Co. reduced their price target on Jones Lang LaSalle from $327.00 to $285.00 and set an "overweight" rating for the company in a report on Thursday, April 10th. Raymond James boosted their price target 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 cut 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 cut 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. Finally, StockNews.com downgraded Jones Lang LaSalle from a "strong-buy" rating to a "buy" rating in a research note on Tuesday, May 13th. Six research analysts have rated the stock with a buy rating and one has given a strong buy rating to the company. According to MarketBeat.com, the stock presently has an average rating of "Buy" and an average target price of $315.83.

Jones Lang LaSalle Stock Performance

Shares of JLL stock traded down $2.90 during trading hours on Tuesday, reaching $228.52. 470,868 shares of the company traded hands, compared to its average volume of 324,458. The firm has a 50-day moving average price of $231.37 and a 200 day moving average price of $254.02. 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 12-month low of $192.94 and a 12-month high of $288.50. The company has a market cap of $10.85 billion, a P/E ratio of 20.24 and a beta of 1.33.

Jones Lang LaSalle (NYSE:JLL - Get Free Report) last posted 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 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 firm's revenue was up 12.1% compared to the same quarter last year. As a group, sell-side analysts predict that Jones Lang LaSalle Incorporated will post 16.45 earnings per share 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.