Jones Lang LaSalle Incorporated (NYSE:JLL) Shares Sold by Select Equity Group L.P.

Select Equity Group L.P. lessened its position in shares of Jones Lang LaSalle Incorporated (NYSE:JLL - Free Report) by 22.9% during the 4th quarter, according to the company in its most recent disclosure with the SEC. The firm owned 704,600 shares of the financial services provider's stock after selling 209,707 shares during the quarter. Select Equity Group L.P. owned approximately 1.49% of Jones Lang LaSalle worth $178,362,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Private Trust Co. NA lifted its position in shares of Jones Lang LaSalle by 112.0% during the 4th quarter. Private Trust Co. NA now owns 106 shares of the financial services provider's stock valued at $27,000 after buying an additional 56 shares in the last quarter. R Squared Ltd purchased a new stake in Jones Lang LaSalle in the 4th quarter worth $35,000. Principal Securities Inc. raised 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 period. MassMutual Private Wealth & Trust FSB lifted its holdings 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 valued at $49,000 after purchasing an additional 51 shares in the last quarter. Finally, V Square Quantitative Management LLC grew its position in shares of Jones Lang LaSalle by 52.9% in the fourth quarter. V Square Quantitative Management LLC now owns 208 shares of the financial services provider's stock valued at $53,000 after purchasing an additional 72 shares during the period. Hedge funds and other institutional investors own 94.80% of the company's stock.

Jones Lang LaSalle Trading Down 0.6%

Jones Lang LaSalle stock traded down $1.29 during midday trading on Thursday, hitting $214.14. 210,377 shares of the stock were exchanged, compared to its average volume of 373,480. 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 capitalization of $10.17 billion, a price-to-earnings ratio of 18.97 and a beta of 1.33. The stock's 50-day simple moving average is $230.69 and its 200 day simple moving average is $253.76. Jones Lang LaSalle Incorporated has a fifty-two week low of $192.94 and a fifty-two week high of $288.50.

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. The firm had revenue of $5.75 billion for the quarter, compared to analyst estimates of $5.65 billion. Jones Lang LaSalle had a net margin of 2.33% and a return on equity of 10.20%. The business's revenue for the quarter was up 12.1% compared to the same quarter last year. During the same quarter in the previous year, the company earned $1.78 EPS. On average, equities analysts anticipate that Jones Lang LaSalle Incorporated will post 16.45 EPS for the current year.

Wall Street Analysts Forecast Growth

Several research analysts recently weighed in on JLL shares. Keefe, Bruyette & Woods reduced 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 report on Thursday, April 17th. UBS Group reduced their target price on Jones Lang LaSalle from $340.00 to $305.00 and set a "buy" rating for the company in a report on Friday, April 11th. JPMorgan Chase & Co. lowered their price target on Jones Lang LaSalle from $327.00 to $285.00 and set an "overweight" rating on the stock in a research note on Thursday, April 10th. Wall Street Zen downgraded Jones Lang LaSalle from a "strong-buy" rating to a "buy" rating in a research note on Tuesday, May 13th. Finally, Raymond James lifted their target price on shares of Jones Lang LaSalle from $317.00 to $320.00 and gave the stock a "strong-buy" rating in a research note on Friday, January 24th. Six analysts have rated the stock with a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat, Jones Lang LaSalle currently has an average rating of "Buy" and an average price target of $315.83.

About Jones Lang LaSalle

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.