NFJ Investment Group LLC Decreases Stock Holdings in Jones Lang LaSalle Incorporated (NYSE:JLL)

NFJ Investment Group LLC lowered its position in Jones Lang LaSalle Incorporated (NYSE:JLL) by 1.2% during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 12,278 shares of the financial services provider’s stock after selling 150 shares during the period. NFJ Investment Group LLC’s holdings in Jones Lang LaSalle were worth $3,108,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently bought and sold shares of the company. Private Trust Co. NA increased its position in shares of Jones Lang LaSalle by 112.0% during the fourth quarter. Private Trust Co. NA now owns 106 shares of the financial services provider’s stock worth $27,000 after purchasing an additional 56 shares in the last quarter. R Squared Ltd acquired a new position in Jones Lang LaSalle during the 4th quarter valued at about $35,000. Principal Securities Inc. raised its stake in Jones Lang LaSalle by 166.7% in the fourth quarter. Principal Securities Inc. now owns 176 shares of the financial services provider’s stock valued at $45,000 after buying an additional 110 shares during the last quarter. MassMutual Private Wealth & Trust FSB boosted its holdings in 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 worth $49,000 after acquiring an additional 51 shares in the last quarter. Finally, V Square Quantitative Management LLC grew its stake in shares of Jones Lang LaSalle by 52.9% during the fourth quarter. V Square Quantitative Management LLC now owns 208 shares of the financial services provider’s stock worth $53,000 after acquiring an additional 72 shares during the last quarter. Hedge funds and other institutional investors own 94.80% of the company’s stock.

Analysts Set New Price Targets

A number of analysts recently commented on the stock. UBS Group lowered their target price on shares of Jones Lang LaSalle from $340.00 to $305.00 and set a “buy” rating for the company in a research note on Friday, April 11th. JPMorgan Chase & Co. dropped their price objective on shares of Jones Lang LaSalle from $327.00 to $285.00 and set an “overweight” rating on the stock in a report on Thursday, April 10th. StockNews.com lowered Jones Lang LaSalle from a “strong-buy” rating to a “buy” rating in a research note on Friday, April 11th. Finally, Raymond James increased their price objective on Jones Lang LaSalle from $317.00 to $320.00 and gave the company a “strong-buy” rating in a report on Friday, January 24th. Six research analysts have rated the stock with a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat, Jones Lang LaSalle has a consensus rating of “Buy” and a consensus target price of $323.33.

Jones Lang LaSalle Price Performance

Shares of JLL opened at $210.18 on Thursday. The company has a market capitalization of $9.96 billion, a P/E ratio of 18.62 and a beta of 1.22. The business’s 50-day moving average is $250.23 and its two-hundred day moving average is $260.61. The company has a debt-to-equity ratio of 0.12, a quick ratio of 2.29 and a current ratio of 2.00. Jones Lang LaSalle Incorporated has a fifty-two week low of $173.04 and a fifty-two week high of $288.50.

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

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.