Fmr LLC Sells 1,224,281 Shares of Jones Lang LaSalle Incorporated (NYSE:JLL)

Fmr LLC lessened its holdings in shares of Jones Lang LaSalle Incorporated (NYSE:JLL) by 34.7% in the 4th quarter, according to its most recent filing with the SEC. The fund owned 2,306,439 shares of the financial services provider’s stock after selling 1,224,281 shares during the period. Fmr LLC owned approximately 4.86% of Jones Lang LaSalle worth $583,852,000 at the end of the most recent reporting period.

Several other hedge funds have also recently added to or reduced their stakes in JLL. Private Trust Co. NA boosted its position in shares of Jones Lang LaSalle by 112.0% in the fourth quarter. Private Trust Co. NA now owns 106 shares of the financial services provider’s stock valued at $27,000 after acquiring an additional 56 shares during the period. R Squared Ltd acquired a new stake in Jones Lang LaSalle in the 4th quarter worth $35,000. Principal Securities Inc. increased its holdings in shares of Jones Lang LaSalle by 166.7% during the 4th quarter. Principal Securities Inc. now owns 176 shares of the financial services provider’s stock worth $45,000 after purchasing an additional 110 shares during the period. MassMutual Private Wealth & Trust FSB raised its position in shares of Jones Lang LaSalle by 35.7% during the fourth quarter. MassMutual Private Wealth & Trust FSB now owns 194 shares of the financial services provider’s stock valued at $49,000 after buying an additional 51 shares during the last quarter. Finally, V Square Quantitative Management LLC lifted its stake in shares of Jones Lang LaSalle by 52.9% in the fourth quarter. V Square Quantitative Management LLC now owns 208 shares of the financial services provider’s stock valued at $53,000 after buying an additional 72 shares during the period. Institutional investors own 94.80% of the company’s stock.

Jones Lang LaSalle Trading Down 3.2 %

Shares of JLL stock opened at $207.72 on Wednesday. The company has a quick ratio of 2.29, a current ratio of 2.00 and a debt-to-equity ratio of 0.12. The company has a market capitalization of $9.84 billion, a P/E ratio of 18.40 and a beta of 1.22. Jones Lang LaSalle Incorporated has a 12-month low of $171.45 and a 12-month high of $288.50. The firm has a 50-day moving average price of $259.34 and a 200 day moving average price of $263.04.

Jones Lang LaSalle (NYSE:JLL) last announced its earnings results on Wednesday, February 19th. The financial services provider reported $6.15 EPS for the quarter, topping the consensus estimate of $5.76 by $0.39. Jones Lang LaSalle had a return on equity of 10.20% and a net margin of 2.33%. The business had revenue of $6.81 billion for the quarter, compared to the consensus estimate of $6.65 billion. During the same period in the previous year, the business earned $4.23 EPS. Jones Lang LaSalle’s revenue was up 15.8% compared to the same quarter last year. Research analysts forecast that Jones Lang LaSalle Incorporated will post 16.45 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

Several research firms have commented on JLL. Keefe, Bruyette & Woods raised Jones Lang LaSalle from a “market perform” rating to an “outperform” rating and upped their price target for the company from $292.00 to $325.00 in a report on Tuesday, December 10th. JPMorgan Chase & Co. raised their target price on Jones Lang LaSalle from $263.00 to $327.00 and gave the stock an “overweight” rating in a research report on Monday, December 16th. Raymond James boosted their price target on shares of Jones Lang LaSalle from $317.00 to $320.00 and gave the company a “strong-buy” rating in a report on Friday, January 24th. Finally, StockNews.com upgraded shares of Jones Lang LaSalle from a “buy” rating to a “strong-buy” rating in a research report on Saturday, March 22nd. Six investment analysts have rated the stock with a buy rating and two have given a strong buy rating to the company. Based on data from MarketBeat, Jones Lang LaSalle has a consensus rating of “Buy” and an average price target of $309.00.

About Jones Lang LaSalle

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.