Royal London Asset Management Ltd. Sells 35,465 Shares of Jones Lang LaSalle Incorporated (NYSE:JLL)

Royal London Asset Management Ltd. cut its holdings in Jones Lang LaSalle Incorporated (NYSE:JLL) by 21.8% during the 4th quarter, Holdings Channel reports. The fund owned 127,131 shares of the financial services provider’s stock after selling 35,465 shares during the period. Royal London Asset Management Ltd.’s holdings in Jones Lang LaSalle were worth $32,182,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds have also recently modified their holdings of JLL. Public Employees Retirement System of Ohio lifted its position in Jones Lang LaSalle by 42.1% during the third quarter. Public Employees Retirement System of Ohio now owns 34,379 shares of the financial services provider’s stock valued at $9,276,000 after purchasing an additional 10,186 shares in the last quarter. Boston Trust Walden Corp increased its holdings in Jones Lang LaSalle by 1.9% in the 4th quarter. Boston Trust Walden Corp now owns 305,768 shares of the financial services provider’s stock worth $77,402,000 after acquiring an additional 5,663 shares in the last quarter. Dorsey Wright & Associates bought a new stake in Jones Lang LaSalle during the 3rd quarter worth approximately $4,276,000. Principal Securities Inc. lifted its holdings in Jones Lang LaSalle by 166.7% during the fourth quarter. Principal Securities Inc. now owns 176 shares of the financial services provider’s stock valued at $45,000 after purchasing an additional 110 shares in the last quarter. Finally, Diversified Trust Co bought a new position in shares of Jones Lang LaSalle in the fourth quarter worth approximately $567,000. Institutional investors own 94.80% of the company’s stock.

Jones Lang LaSalle Price Performance

Jones Lang LaSalle stock opened at $253.83 on Friday. Jones Lang LaSalle Incorporated has a 52-week low of $171.45 and a 52-week high of $288.50. The company has a market cap of $12.03 billion, a price-to-earnings ratio of 22.48 and a beta of 1.36. The firm’s fifty day moving average is $266.14 and its 200 day moving average is $264.40. The company has a quick ratio of 2.29, a current ratio of 2.00 and a debt-to-equity ratio of 0.12.

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

Wall Street Analysts Forecast Growth

Several research analysts recently weighed in on JLL shares. StockNews.com downgraded shares of Jones Lang LaSalle from a “strong-buy” rating to a “buy” rating in a report on Friday, March 14th. JPMorgan Chase & Co. increased 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. The Goldman Sachs Group began coverage on Jones Lang LaSalle in a report on Friday, December 6th. They issued a “buy” rating and a $352.00 price target on the stock. Raymond James increased their price objective 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, Keefe, Bruyette & Woods upgraded shares of Jones Lang LaSalle from a “market perform” rating to an “outperform” rating and upped their target price for the stock from $292.00 to $325.00 in a research report on Tuesday, December 10th. Seven research analysts have rated the stock with a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat.com, Jones Lang LaSalle currently has an average rating of “Buy” and an average target price of $309.00.

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.