Ariel Investments LLC Sells 108,733 Shares of Jones Lang LaSalle Incorporated (NYSE:JLL)

Ariel Investments LLC reduced its holdings in Jones Lang LaSalle Incorporated (NYSE:JLL - Free Report) by 9.3% during the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 1,059,948 shares of the financial services provider's stock after selling 108,733 shares during the quarter. Jones Lang LaSalle accounts for about 2.9% of Ariel Investments LLC's investment portfolio, making the stock its 3rd largest position. Ariel Investments LLC owned 2.23% of Jones Lang LaSalle worth $268,315,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently modified their holdings of JLL. Invesco Ltd. grew its holdings 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 purchasing an additional 8,274 shares during the last quarter. Geode Capital Management LLC lifted its stake in Jones Lang LaSalle by 4.6% during the 4th quarter. Geode Capital Management LLC now owns 934,958 shares of the financial services provider's stock valued at $240,190,000 after acquiring an additional 41,331 shares during the period. Norges Bank purchased a new stake in Jones Lang LaSalle during the 4th quarter valued at $149,468,000. Arrowstreet Capital Limited Partnership increased its position in Jones Lang LaSalle by 13.7% during the fourth quarter. Arrowstreet Capital Limited Partnership now owns 542,675 shares of the financial services provider's stock valued at $137,373,000 after acquiring an additional 65,407 shares during the last quarter. Finally, Northern Trust Corp lifted its stake in shares of Jones Lang LaSalle by 1.3% in the 4th quarter. Northern Trust Corp now owns 450,735 shares of the financial services provider's stock worth $114,099,000 after purchasing an additional 5,572 shares during the period. Hedge funds and other institutional investors own 94.80% of the company's stock.

Jones Lang LaSalle Stock Down 0.7 %

Shares of JLL stock traded down $1.69 during trading hours on Wednesday, reaching $228.19. 494,977 shares of the company's stock were exchanged, compared to its average volume of 320,993. The stock has a market cap of $10.84 billion, a PE ratio of 20.21 and a beta of 1.33. 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's fifty day moving average price is $235.86 and its two-hundred day moving average price is $256.49. Jones Lang LaSalle Incorporated has a 1 year low of $186.50 and a 1 year high of $288.50.

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 $1.90 by $0.41. Jones Lang LaSalle had a return on equity of 10.20% and a net margin of 2.33%. During the same quarter in the previous year, the company posted $1.78 earnings per share. The company's revenue was up 12.1% on a year-over-year basis. Research analysts predict that Jones Lang LaSalle Incorporated will post 16.45 EPS for the current year.

Analyst Upgrades and Downgrades

Several analysts have commented on the stock. Keefe, Bruyette & Woods decreased their price target on shares of Jones Lang LaSalle from $325.00 to $280.00 and set an "outperform" rating on the stock in a research note on Thursday, April 17th. JPMorgan Chase & Co. lowered their target price on shares of Jones Lang LaSalle from $327.00 to $285.00 and set an "overweight" rating for the company in a report on Thursday, April 10th. StockNews.com upgraded Jones Lang LaSalle from a "buy" rating to a "strong-buy" rating in a research report on Monday. 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 report on Friday, April 11th. Finally, Raymond James increased their price objective on shares of 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. Five research analysts have rated the stock with a buy rating and two have issued a strong buy rating to the company's stock. According to data from MarketBeat.com, the stock presently has a consensus rating of "Buy" and a consensus price target of $315.83.

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.