Klingman & Associates LLC lowered its stake in Jones Lang LaSalle Incorporated (NYSE:JLL - Free Report) by 28.9% during the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 35,013 shares of the financial services provider's stock after selling 14,204 shares during the period. Klingman & Associates LLC owned 0.07% of Jones Lang LaSalle worth $6,613,000 as of its most recent filing with the Securities & Exchange Commission.
Other hedge funds and other institutional investors also recently made changes to their positions in the company. Strategic Investment Solutions Inc. IL purchased a new position in shares of Jones Lang LaSalle during the first quarter valued at approximately $29,000. Exchange Traded Concepts LLC boosted its holdings in Jones Lang LaSalle by 78.7% in the third quarter. Exchange Traded Concepts LLC now owns 218 shares of the financial services provider's stock worth $31,000 after purchasing an additional 96 shares during the last quarter. Covestor Ltd boosted its holdings in Jones Lang LaSalle by 61.3% in the first quarter. Covestor Ltd now owns 150 shares of the financial services provider's stock worth $36,000 after purchasing an additional 57 shares during the last quarter. Belpointe Asset Management LLC boosted its holdings in Jones Lang LaSalle by 126.0% in the first quarter. Belpointe Asset Management LLC now owns 278 shares of the financial services provider's stock worth $40,000 after purchasing an additional 155 shares during the last quarter. Finally, Brown Brothers Harriman & Co. purchased a new stake in Jones Lang LaSalle in the first quarter worth approximately $46,000. Hedge funds and other institutional investors own 94.80% of the company's stock.
Jones Lang LaSalle Price Performance
Shares of JLL traded down $2.24 during trading hours on Friday, reaching $180.06. 175,248 shares of the stock traded hands, compared to its average volume of 279,636. The company has a current ratio of 1.94, a quick ratio of 1.94 and a debt-to-equity ratio of 0.22. The company has a market cap of $8.54 billion, a P/E ratio of 38.64 and a beta of 1.42. The company's 50-day moving average price is $186.47 and its two-hundred day moving average price is $167.91. Jones Lang LaSalle Incorporated has a 52-week low of $119.46 and a 52-week high of $200.14.
Jones Lang LaSalle (NYSE:JLL - Get Free Report) last announced its quarterly earnings results on Tuesday, February 27th. The financial services provider reported $4.23 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $3.70 by $0.53. The company had revenue of $5.88 billion for the quarter, compared to the consensus estimate of $5.86 billion. Jones Lang LaSalle had a net margin of 1.09% and a return on equity of 5.74%. Jones Lang LaSalle's revenue for the quarter was up 4.9% compared to the same quarter last year. During the same period in the previous year, the firm posted $4.36 EPS. On average, analysts anticipate that Jones Lang LaSalle Incorporated will post 11.98 earnings per share for the current year.
Wall Street Analyst Weigh In
Several brokerages recently issued reports on JLL. Raymond James upgraded shares of Jones Lang LaSalle from an "outperform" rating to a "strong-buy" rating and raised their target price for the stock from $218.00 to $246.00 in a report on Wednesday, April 3rd. Wolfe Research reiterated a "peer perform" rating on shares of Jones Lang LaSalle in a research note on Tuesday. Jefferies Financial Group started coverage on shares of Jones Lang LaSalle in a research note on Wednesday. They set a "buy" rating and a $246.00 price target on the stock. TheStreet upgraded shares of Jones Lang LaSalle from a "c+" rating to a "b-" rating in a research note on Wednesday, February 14th. Finally, StockNews.com upgraded shares of Jones Lang LaSalle from a "hold" rating to a "buy" rating in a research note on Wednesday, February 28th. Two research analysts have rated the stock with a hold rating, three have given a buy rating and one has issued a strong buy rating to the company's stock. Based on data from MarketBeat, the stock has an average rating of "Moderate Buy" and an average target price of $206.00.
Get Our Latest Analysis on JLL
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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