Jones Lang LaSalle Incorporated (NYSE:JLL) Holdings Lowered by Handelsbanken Fonder AB

Handelsbanken Fonder AB cut its position in shares of Jones Lang LaSalle Incorporated (NYSE:JLL) by 0.9% in the fourth quarter, Holdings Channel.com reports. The institutional investor owned 11,518 shares of the financial services provider’s stock after selling 100 shares during the period. Handelsbanken Fonder AB’s holdings in Jones Lang LaSalle were worth $2,916,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in JLL. FMR LLC boosted its stake in shares of Jones Lang LaSalle by 15.0% during the 3rd quarter. FMR LLC now owns 3,530,720 shares of the financial services provider’s stock valued at $952,624,000 after buying an additional 459,466 shares during the period. SG Americas Securities LLC lifted its stake in shares of Jones Lang LaSalle by 7,967.8% in the fourth quarter. SG Americas Securities LLC now owns 279,065 shares of the financial services provider’s stock worth $70,643,000 after buying an additional 275,606 shares during the last quarter. International Assets Investment Management LLC boosted its holdings in Jones Lang LaSalle by 167,988.5% during the third quarter. International Assets Investment Management LLC now owns 146,237 shares of the financial services provider’s stock valued at $39,456,000 after acquiring an additional 146,150 shares during the period. Allspring Global Investments Holdings LLC boosted its stake in Jones Lang LaSalle by 688.4% during the 4th quarter. Allspring Global Investments Holdings LLC now owns 130,752 shares of the financial services provider’s stock valued at $32,603,000 after purchasing an additional 114,168 shares during the period. Finally, Lord Abbett & CO. LLC acquired a new stake in shares of Jones Lang LaSalle in the third quarter worth $24,283,000. Institutional investors and hedge funds own 94.80% of the company’s stock.

Analyst Upgrades and Downgrades

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

Jones Lang LaSalle Stock Performance

JLL stock opened at $264.40 on Tuesday. The company has a current ratio of 2.00, a quick ratio of 2.29 and a debt-to-equity ratio of 0.12. The business’s 50-day moving average price is $264.92 and its two-hundred day moving average price is $263.50. Jones Lang LaSalle Incorporated has a 1-year low of $171.45 and a 1-year high of $288.50. The firm has a market cap of $12.53 billion, a PE ratio of 23.42 and a beta of 1.36.

Jones Lang LaSalle (NYSE:JLL) last issued its quarterly earnings results 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 during the quarter, compared to analysts’ expectations of $6.65 billion. Jones Lang LaSalle had a net margin of 2.33% and a return on equity of 10.20%. The business’s quarterly revenue was up 15.8% on a year-over-year basis. During the same period last year, the business earned $4.23 EPS. As a group, research analysts forecast 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.