Jones Lang LaSalle Incorporated (NYSE:JLL) Stock Holdings Reduced by The Manufacturers Life Insurance Company

The Manufacturers Life Insurance Company reduced its stake in Jones Lang LaSalle Incorporated (NYSE:JLL - Free Report) by 6.7% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 40,555 shares of the financial services provider's stock after selling 2,931 shares during the period. The Manufacturers Life Insurance Company owned 0.09% of Jones Lang LaSalle worth $10,266,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds have also made changes to their positions in the stock. Boston Trust Walden Corp boosted 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 valued at $77,402,000 after purchasing an additional 5,663 shares in the last quarter. Principal Securities Inc. boosted its stake 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 valued at $45,000 after buying an additional 110 shares in the last quarter. Fox Run Management L.L.C. acquired a new position in Jones Lang LaSalle during the fourth quarter worth about $413,000. New Age Alpha Advisors LLC bought a new stake in Jones Lang LaSalle in the fourth quarter worth about $7,099,000. Finally, Diversified Trust Co acquired a new stake in Jones Lang LaSalle in the 4th quarter valued at about $567,000. 94.80% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

Several equities analysts have recently issued reports on JLL shares. UBS Group lowered their price objective on shares of 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. Keefe, Bruyette & Woods dropped their price target on Jones Lang LaSalle from $325.00 to $280.00 and set an "outperform" rating on the stock in a report on Thursday, April 17th. JPMorgan Chase & Co. cut their price objective on Jones Lang LaSalle from $327.00 to $285.00 and set an "overweight" rating for the company in a research report on Thursday, April 10th. Raymond James lifted their target price on Jones Lang LaSalle from $317.00 to $320.00 and gave the stock a "strong-buy" rating in a report on Friday, January 24th. Finally, StockNews.com raised Jones Lang LaSalle from a "buy" rating to a "strong-buy" rating in a report on Monday, May 5th. Five investment analysts have rated the stock with a buy rating and two have assigned a strong buy rating to the stock. Based on data from MarketBeat, the company presently has a consensus rating of "Buy" and an average target price of $315.83.

Jones Lang LaSalle Stock Up 0.8 %

NYSE:JLL traded up $1.87 during trading hours on Friday, hitting $229.64. 311,287 shares of the stock traded hands, compared to its average volume of 322,001. The firm has a market cap of $10.91 billion, a price-to-earnings ratio of 20.34 and a beta of 1.33. The firm has a 50 day moving average price of $233.57 and a 200 day moving average price of $255.78. The company has a current ratio of 2.00, a quick ratio of 2.29 and a debt-to-equity ratio of 0.12. 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 announced its quarterly earnings data on Wednesday, May 7th. The financial services provider reported $2.31 earnings per share (EPS) for the quarter, topping the consensus estimate 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 firm had revenue of $5.75 billion during the quarter, compared to the consensus estimate of $5.65 billion. During the same period in the prior year, the business earned $1.78 EPS. The business's revenue for the quarter was up 12.1% on a year-over-year basis. Equities research analysts anticipate that Jones Lang LaSalle Incorporated will post 16.45 earnings per share for the current year.

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.