Mercer Global Advisors Inc. ADV Trims Stock Position in Jones Lang LaSalle Incorporated (NYSE:JLL)

Mercer Global Advisors Inc. ADV decreased its stake in Jones Lang LaSalle Incorporated (NYSE:JLL - Free Report) by 22.5% during the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 4,283 shares of the financial services provider's stock after selling 1,244 shares during the quarter. Mercer Global Advisors Inc. ADV's holdings in Jones Lang LaSalle were worth $1,084,000 as of its most recent SEC filing.

Other institutional investors also recently bought and sold shares of the company. Hudson Edge Investment Partners Inc. increased its holdings in shares of Jones Lang LaSalle by 3.1% during the 4th 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 in the last quarter. Greenleaf Trust increased its holdings 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 valued at $409,000 after buying an additional 47 shares in the last quarter. CIBC Private Wealth Group LLC raised its position in shares of Jones Lang LaSalle by 25.0% in the fourth quarter. CIBC Private Wealth Group LLC now owns 250 shares of the financial services provider's stock worth $62,000 after acquiring an additional 50 shares during the period. Bessemer Group Inc. boosted its stake in shares of Jones Lang LaSalle by 0.4% during the 4th quarter. Bessemer Group Inc. now owns 12,096 shares of the financial services provider's stock worth $3,062,000 after acquiring an additional 50 shares in the last quarter. Finally, MassMutual Private Wealth & Trust FSB increased its stake in shares of Jones Lang LaSalle by 35.7% in 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 in the last quarter. 94.80% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several analysts have commented on the company. Raymond James raised their price objective on Jones Lang LaSalle from $317.00 to $320.00 and gave the company a "strong-buy" rating in a report on Friday, January 24th. Keefe, Bruyette & Woods cut 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 report on Thursday, April 17th. StockNews.com raised shares of Jones Lang LaSalle from a "buy" rating to a "strong-buy" rating in a report on Monday, May 5th. UBS Group reduced their price target on shares of Jones Lang LaSalle from $340.00 to $305.00 and set a "buy" rating for the company in a research report on Friday, April 11th. Finally, JPMorgan Chase & Co. lowered their price objective on Jones Lang LaSalle from $327.00 to $285.00 and set an "overweight" rating on the stock in a report on Thursday, April 10th. Five research analysts have rated the stock with a buy rating and two have given a strong buy rating to the company's stock. Based on data from MarketBeat.com, the stock currently has an average rating of "Buy" and a consensus target price of $315.83.

Jones Lang LaSalle Stock Performance

Jones Lang LaSalle stock opened at $229.64 on Friday. The stock has a market cap of $10.91 billion, a price-to-earnings ratio of 20.34 and a beta of 1.33. 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 firm has a 50 day simple moving average of $233.57 and a 200-day simple moving average of $255.82. Jones Lang LaSalle Incorporated has a 1-year low of $192.94 and a 1-year high of $288.50.

Jones Lang LaSalle (NYSE:JLL - Get Free Report) last announced 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 business had revenue of $5.75 billion for the quarter, compared to analyst estimates of $5.65 billion. Jones Lang LaSalle had a return on equity of 10.20% and a net margin of 2.33%. The company's quarterly revenue was up 12.1% on a year-over-year basis. During the same quarter in the prior year, the company posted $1.78 EPS. On average, analysts expect that Jones Lang LaSalle Incorporated will post 16.45 EPS for the current year.

Jones Lang LaSalle 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.

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