Commonwealth Equity Services LLC Reduces Stock Holdings in Jones Lang LaSalle Incorporated (NYSE:JLL)

Commonwealth Equity Services LLC cut its holdings in Jones Lang LaSalle Incorporated (NYSE:JLL) by 58.6% in the fourth quarter, HoldingsChannel reports. The institutional investor owned 871 shares of the financial services provider’s stock after selling 1,231 shares during the quarter. Commonwealth Equity Services LLC’s holdings in Jones Lang LaSalle were worth $221,000 as of its most recent SEC filing.

Several other institutional investors have also added to or reduced their stakes in JLL. HighTower Advisors LLC raised its position in shares of Jones Lang LaSalle by 6.0% in the 3rd quarter. HighTower Advisors LLC now owns 3,325 shares of the financial services provider’s stock valued at $903,000 after purchasing an additional 189 shares during the last quarter. Quantinno Capital Management LP purchased a new position in shares of Jones Lang LaSalle in the third quarter worth $384,000. Stifel Financial Corp lifted its stake in shares of Jones Lang LaSalle by 101.9% during the third quarter. Stifel Financial Corp now owns 7,644 shares of the financial services provider’s stock worth $2,062,000 after buying an additional 3,858 shares during the period. MML Investors Services LLC grew its holdings in shares of Jones Lang LaSalle by 204.7% during the third quarter. MML Investors Services LLC now owns 3,358 shares of the financial services provider’s stock valued at $906,000 after buying an additional 2,256 shares during the last quarter. Finally, Nomura Asset Management Co. Ltd. increased its position in shares of Jones Lang LaSalle by 11.1% in the 3rd quarter. Nomura Asset Management Co. Ltd. now owns 589 shares of the financial services provider’s stock valued at $159,000 after acquiring an additional 59 shares during the period. Institutional investors and hedge funds own 94.80% of the company’s stock.

Analyst Ratings Changes

Several research firms have weighed in on JLL. Raymond James boosted their price target on Jones Lang LaSalle from $317.00 to $320.00 and gave the company a “strong-buy” rating in a research note on Friday, January 24th. StockNews.com upgraded shares of Jones Lang LaSalle from a “buy” rating to a “strong-buy” rating in a research note on Saturday, March 22nd. Finally, JPMorgan Chase & Co. boosted their target price 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. Six equities research analysts have rated the stock with a buy rating and two have given a strong buy rating to the stock. According to MarketBeat.com, the stock has a consensus rating of “Buy” and a consensus price target of $309.00.

Jones Lang LaSalle Stock Up 7.9 %

JLL stock opened at $224.47 on Thursday. Jones Lang LaSalle Incorporated has a one year low of $171.45 and a one year high of $288.50. The company has a debt-to-equity ratio of 0.12, a quick ratio of 2.29 and a current ratio of 2.00. The firm’s fifty day moving average is $256.98 and its 200 day moving average is $262.49. The firm has a market cap of $10.64 billion, a PE ratio of 19.88 and a beta of 1.22.

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 for the quarter, beating the consensus estimate of $5.76 by $0.39. The firm had revenue of $6.81 billion during the quarter, compared to analyst estimates 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% compared to the same quarter last year. During the same quarter in the previous year, the business earned $4.23 EPS. On average, research analysts forecast that Jones Lang LaSalle Incorporated will post 16.45 EPS 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.