Jones Lang LaSalle Incorporated (NYSE:JLL) Shares Sold by Crossmark Global Holdings Inc.

Crossmark Global Holdings Inc. reduced its stake in shares of Jones Lang LaSalle Incorporated (NYSE:JLL) by 0.3% during the 4th quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 24,511 shares of the financial services provider’s stock after selling 68 shares during the period. Crossmark Global Holdings Inc. owned approximately 0.05% of Jones Lang LaSalle worth $6,204,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also made changes to their positions in the company. Huntington National Bank grew its holdings in Jones Lang LaSalle by 22.9% in the 3rd quarter. Huntington National Bank now owns 204 shares of the financial services provider’s stock valued at $55,000 after buying an additional 38 shares during the period. Massmutual Trust Co. FSB ADV grew its stake in Jones Lang LaSalle by 37.5% during the third quarter. Massmutual Trust Co. FSB ADV now owns 143 shares of the financial services provider’s stock worth $39,000 after buying an additional 39 shares during the period. CIBC Asset Management Inc increased its holdings in Jones Lang LaSalle by 3.5% in the 3rd quarter. CIBC Asset Management Inc now owns 1,375 shares of the financial services provider’s stock valued at $371,000 after purchasing an additional 47 shares in the last quarter. MassMutual Private Wealth & Trust FSB grew its stake in shares of Jones Lang LaSalle by 35.7% in 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 in the last quarter. Finally, First Bank & Trust raised its stake in shares of Jones Lang LaSalle by 2.5% during the third quarter. First Bank & Trust now owns 2,251 shares of the financial services provider’s stock valued at $607,000 after purchasing an additional 54 shares during the period. 94.80% of the stock is owned by institutional investors and hedge funds.

Jones Lang LaSalle Price Performance

Shares of JLL opened at $270.85 on Wednesday. The company has a debt-to-equity ratio of 0.16, a current ratio of 2.29 and a quick ratio of 2.29. The company has a market cap of $12.85 billion, a P/E ratio of 27.39 and a beta of 1.36. Jones Lang LaSalle Incorporated has a 12 month low of $168.36 and a 12 month high of $288.50. The stock has a fifty day moving average price of $262.06 and a 200 day moving average price of $255.92.

Jones Lang LaSalle (NYSE:JLL) last released its quarterly earnings data on Wednesday, November 6th. The financial services provider reported $3.50 earnings per share for the quarter, topping analysts’ consensus estimates of $2.67 by $0.83. The business had revenue of $5.87 billion for the quarter, compared to analysts’ expectations of $5.62 billion. Jones Lang LaSalle had a net margin of 2.12% and a return on equity of 8.95%. The company’s revenue for the quarter was up 14.8% compared to the same quarter last year. During the same quarter last year, the company earned $2.01 EPS. On average, research analysts forecast that Jones Lang LaSalle Incorporated will post 13.61 earnings per share for the current year.

Analyst Ratings Changes

A number of equities analysts have weighed in on JLL shares. JPMorgan Chase & Co. upped their price objective on shares of Jones Lang LaSalle from $263.00 to $327.00 and gave the company an “overweight” rating in a research report on Monday, December 16th. Keefe, Bruyette & Woods upgraded Jones Lang LaSalle from a “market perform” rating to an “outperform” rating and raised their price objective for the company from $292.00 to $325.00 in a research note on Tuesday, December 10th. Wolfe Research raised Jones Lang LaSalle from a “peer perform” rating to an “outperform” rating and set a $353.00 target price on the stock in a research report on Monday, November 25th. Finally, The Goldman Sachs Group initiated coverage on shares of Jones Lang LaSalle in a research report on Friday, December 6th. They set a “buy” rating and a $352.00 price target for the company. Six research analysts have rated the stock with a buy rating and two have issued a strong buy rating to the stock. Based on data from MarketBeat, Jones Lang LaSalle currently has a consensus rating of “Buy” and an average target price of $301.57.

Jones Lang LaSalle Company 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.