Ariel Investments LLC cut its position in shares of Jones Lang LaSalle Incorporated (NYSE:JLL - Free Report) by 9.3% in the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 1,059,948 shares of the financial services provider's stock after selling 108,733 shares during the period. Jones Lang LaSalle comprises 2.9% of Ariel Investments LLC's portfolio, making the stock its 3rd biggest position. Ariel Investments LLC owned 2.23% of Jones Lang LaSalle worth $268,315,000 at the end of the most recent reporting period.
Several other hedge funds have also made changes to their positions in the company. Private Trust Co. NA increased its position in 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 purchasing an additional 56 shares during the period. R Squared Ltd acquired a new position in shares of Jones Lang LaSalle during the fourth quarter valued at about $35,000. Principal Securities Inc. raised its holdings in shares of Jones Lang LaSalle by 166.7% in the fourth quarter. Principal Securities Inc. now owns 176 shares of the financial services provider's stock worth $45,000 after buying an additional 110 shares during the last quarter. MassMutual Private Wealth & Trust FSB grew its stake in Jones Lang LaSalle by 35.7% during the 4th 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 during the last quarter. Finally, V Square Quantitative Management LLC raised its position in Jones Lang LaSalle by 52.9% during the 4th quarter. V Square Quantitative Management LLC now owns 208 shares of the financial services provider's stock worth $53,000 after buying an additional 72 shares during the last quarter. 94.80% of the stock is currently owned by hedge funds and other institutional investors.
Jones Lang LaSalle Price Performance
JLL traded up $0.29 during midday trading on Thursday, reaching $228.45. 259,023 shares of the company's stock were exchanged, compared to its average volume of 320,327. The company has a debt-to-equity ratio of 0.12, a current ratio of 2.00 and a quick ratio of 2.29. The business's 50-day moving average price is $234.99 and its 200 day moving average price is $256.30. The stock has a market capitalization of $10.85 billion, a PE ratio of 20.23 and a beta of 1.33. 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 released its earnings results on Wednesday, May 7th. The financial services provider reported $2.31 earnings per share 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 for the quarter, compared to the consensus estimate of $5.65 billion. During the same period in the prior year, the business posted $1.78 earnings per share. The firm's revenue for the quarter was up 12.1% compared to the same quarter last year. As a group, equities analysts anticipate that Jones Lang LaSalle Incorporated will post 16.45 EPS for the current fiscal year.
Analyst Ratings Changes
A number of brokerages have recently commented on JLL. Keefe, Bruyette & Woods lowered their target price on 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. UBS Group lowered 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. JPMorgan Chase & Co. lowered their price target on shares of Jones Lang LaSalle from $327.00 to $285.00 and set an "overweight" rating on the stock in a research report on Thursday, April 10th. StockNews.com raised shares of Jones Lang LaSalle from a "buy" rating to a "strong-buy" rating in a research note on Monday. Finally, Raymond James increased their price target on 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. Five investment analysts have rated the stock with a buy rating and two have issued a strong buy rating to the stock. According to MarketBeat.com, the stock currently has a consensus rating of "Buy" and an average price target of $315.83.
Check Out Our Latest Research Report on Jones Lang LaSalle
Jones Lang LaSalle Profile
(
Free Report)
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.
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