Jones Lang LaSalle Incorporated (NYSE:JLL) Shares Sold by Hunter Perkins Capital Management LLC

Hunter Perkins Capital Management LLC lowered its position in shares of Jones Lang LaSalle Incorporated (NYSE:JLL) by 19.8% during the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 2,245 shares of the financial services provider’s stock after selling 555 shares during the period. Hunter Perkins Capital Management LLC’s holdings in Jones Lang LaSalle were worth $568,000 as of its most recent SEC filing.

A number of other institutional investors have also made changes to their positions in JLL. Brooklyn Investment Group purchased a new stake in Jones Lang LaSalle during the 3rd quarter worth $34,000. UMB Bank n.a. increased its position in shares of Jones Lang LaSalle by 350.0% during the third quarter. UMB Bank n.a. now owns 135 shares of the financial services provider’s stock worth $36,000 after acquiring an additional 105 shares during the last quarter. V Square Quantitative Management LLC acquired a new position in shares of Jones Lang LaSalle in the third quarter worth about $37,000. Massmutual Trust Co. FSB ADV boosted its holdings in Jones Lang LaSalle by 37.5% in the third quarter. Massmutual Trust Co. FSB ADV now owns 143 shares of the financial services provider’s stock valued at $39,000 after purchasing an additional 39 shares during the last quarter. Finally, MassMutual Private Wealth & Trust FSB grew its stake in Jones Lang LaSalle by 35.7% during the 4th quarter. MassMutual Private Wealth & Trust FSB now owns 194 shares of the financial services provider’s stock valued at $49,000 after purchasing an additional 51 shares in the last quarter. 94.80% of the stock is owned by institutional investors and hedge funds.

Jones Lang LaSalle Stock Performance

Shares of JLL stock opened at $276.26 on Monday. The company has a market cap of $13.11 billion, a P/E ratio of 27.93 and a beta of 1.36. The business has a 50 day moving average of $262.63 and a two-hundred day moving average of $257.34. Jones Lang LaSalle Incorporated has a 52 week low of $168.36 and a 52 week high of $288.50. The company has a quick ratio of 2.29, a current ratio of 2.29 and a debt-to-equity ratio of 0.16.

Jones Lang LaSalle (NYSE:JLL) last issued its quarterly earnings data on Wednesday, November 6th. The financial services provider reported $3.50 EPS for the quarter, topping analysts’ consensus estimates of $2.67 by $0.83. Jones Lang LaSalle had a return on equity of 8.95% and a net margin of 2.12%. The firm had revenue of $5.87 billion during the quarter, compared to the consensus estimate of $5.62 billion. During the same period in the prior year, the business earned $2.01 EPS. The firm’s revenue was up 14.8% on a year-over-year basis. As a group, analysts anticipate that Jones Lang LaSalle Incorporated will post 13.61 EPS for the current year.

Analyst Upgrades and Downgrades

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

About Jones Lang LaSalle

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.