Jones Lang LaSalle Incorporated (NYSE:JLL) Shares Sold by Massachusetts Financial Services Co. MA

Massachusetts Financial Services Co. MA trimmed its holdings in Jones Lang LaSalle Incorporated (NYSE:JLL - Free Report) by 1.8% during the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 803,304 shares of the financial services provider's stock after selling 14,843 shares during the quarter. Massachusetts Financial Services Co. MA owned approximately 1.69% of Jones Lang LaSalle worth $151,720,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. State of New Jersey Common Pension Fund D boosted its position in Jones Lang LaSalle by 10.0% during the 3rd quarter. State of New Jersey Common Pension Fund D now owns 26,900 shares of the financial services provider's stock valued at $3,798,000 after acquiring an additional 2,441 shares in the last quarter. Dimensional Fund Advisors LP raised its stake in Jones Lang LaSalle by 11.1% in the 4th quarter. Dimensional Fund Advisors LP now owns 1,426,954 shares of the financial services provider's stock worth $269,512,000 after acquiring an additional 142,887 shares during the last quarter. Bamco Inc. NY raised its stake in Jones Lang LaSalle by 11.4% in the 3rd quarter. Bamco Inc. NY now owns 238,655 shares of the financial services provider's stock worth $33,693,000 after acquiring an additional 24,487 shares during the last quarter. Assenagon Asset Management S.A. purchased a new position in Jones Lang LaSalle in the 4th quarter worth $5,148,000. Finally, Mirabella Financial Services LLP purchased a new position in Jones Lang LaSalle in the 3rd quarter worth $499,000. 94.80% of the stock is currently owned by hedge funds and other institutional investors.

Jones Lang LaSalle Price Performance

Shares of Jones Lang LaSalle stock traded up $11.11 on Wednesday, hitting $207.86. The company's stock had a trading volume of 382,418 shares, compared to its average volume of 274,592. The company has a debt-to-equity ratio of 0.34, a quick ratio of 2.35 and a current ratio of 2.35. Jones Lang LaSalle Incorporated has a 1 year low of $119.46 and a 1 year high of $208.03. The firm has a fifty day moving average price of $187.42 and a 200-day moving average price of $176.59. The company has a market capitalization of $9.89 billion, a price-to-earnings ratio of 33.42 and a beta of 1.43.

Jones Lang LaSalle (NYSE:JLL - Get Free Report) last posted its quarterly earnings data on Monday, May 6th. The financial services provider reported $1.78 earnings per share for the quarter, topping analysts' consensus estimates of $0.85 by $0.93. Jones Lang LaSalle had a return on equity of 6.55% and a net margin of 1.42%. The business had revenue of $5.12 billion for the quarter, compared to analyst estimates of $4.82 billion. During the same quarter in the prior year, the company earned $0.65 earnings per share. The company's revenue was up 8.7% on a year-over-year basis. As a group, sell-side analysts anticipate that Jones Lang LaSalle Incorporated will post 12.01 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of brokerages recently issued reports on JLL. Wolfe Research restated a "peer perform" rating on shares of Jones Lang LaSalle in a research note on Tuesday, April 9th. Raymond James upgraded Jones Lang LaSalle from an "outperform" rating to a "strong-buy" rating and lifted their price objective for the company from $218.00 to $246.00 in a research note on Wednesday, April 3rd. Keefe, Bruyette & Woods lifted their price objective on Jones Lang LaSalle from $190.00 to $200.00 and gave the company a "market perform" rating in a research note on Wednesday, May 8th. Jefferies Financial Group assumed coverage on Jones Lang LaSalle in a research note on Wednesday, April 10th. They set a "buy" rating and a $246.00 price objective for the company. Finally, TheStreet upgraded Jones Lang LaSalle from a "c+" rating to a "b-" rating in a research note on Wednesday, February 14th. Three equities research analysts have rated the stock with a hold rating, two have issued a buy rating and two have issued a strong buy rating to the company's stock. According to data from MarketBeat, the stock presently has an average rating of "Moderate Buy" and an average target price of $214.00.

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.