Camelot Portfolios LLC Decreases Stock Holdings in Jones Lang LaSalle Incorporated (NYSE:JLL)

Camelot Portfolios LLC lessened its holdings in Jones Lang LaSalle Incorporated (NYSE:JLL) by 18.4% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 1,624 shares of the financial services provider’s stock after selling 367 shares during the period. Camelot Portfolios LLC’s holdings in Jones Lang LaSalle were worth $411,000 as of its most recent SEC filing.

A number of other institutional investors have also recently added to or reduced their stakes in the business. Hudson Edge Investment Partners Inc. boosted its position in shares of Jones Lang LaSalle by 3.1% in the fourth quarter. Hudson Edge Investment Partners Inc. now owns 1,332 shares of the financial services provider’s stock worth $337,000 after buying an additional 40 shares during the period. Paradigm Asset Management Co. LLC acquired a new position in Jones Lang LaSalle during the 4th quarter worth approximately $228,000. Allianz Asset Management GmbH boosted its holdings in Jones Lang LaSalle by 28.7% in the 4th quarter. Allianz Asset Management GmbH now owns 134,490 shares of the financial services provider’s stock worth $34,045,000 after acquiring an additional 30,001 shares during the period. Legacy Capital Group California Inc. acquired a new stake in Jones Lang LaSalle in the fourth quarter valued at approximately $238,000. Finally, Abacus Planning Group Inc. raised its stake in shares of Jones Lang LaSalle by 6.3% during the fourth quarter. Abacus Planning Group Inc. now owns 2,785 shares of the financial services provider’s stock valued at $705,000 after purchasing an additional 165 shares during the period. 94.80% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several equities research analysts recently issued reports on the stock. Wolfe Research raised shares of Jones Lang LaSalle from a “peer perform” rating to an “outperform” rating and set a $353.00 price target on the stock in a research note on Monday, November 25th. Raymond James lifted their target price on Jones Lang LaSalle from $317.00 to $320.00 and gave the stock a “strong-buy” rating in a research report on Friday, January 24th. The Goldman Sachs Group assumed coverage on Jones Lang LaSalle in a report on Friday, December 6th. They issued a “buy” rating and a $352.00 price target for the company. Keefe, Bruyette & Woods upgraded Jones Lang LaSalle from a “market perform” rating to an “outperform” rating and lifted their price objective for the stock from $292.00 to $325.00 in a report on Tuesday, December 10th. Finally, JPMorgan Chase & Co. raised their price target on shares of Jones Lang LaSalle from $263.00 to $327.00 and gave the stock an “overweight” rating in a research report on Monday, December 16th. Six investment analysts have rated the stock with a buy rating and two have given a strong buy rating to the stock. According to MarketBeat, the company has an average rating of “Buy” and a consensus target price of $309.00.

Jones Lang LaSalle Stock Performance

Shares of JLL opened at $261.16 on Friday. The company has a debt-to-equity ratio of 0.12, a current ratio of 2.00 and a quick ratio of 2.29. Jones Lang LaSalle Incorporated has a 12-month low of $171.45 and a 12-month high of $288.50. The business’s fifty day moving average price is $265.07 and its 200 day moving average price is $262.88. The stock has a market capitalization of $12.38 billion, a PE ratio of 23.13 and a beta of 1.36.

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

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.