Allworth Financial LP Has $30,000 Holdings in Jones Lang LaSalle Incorporated (NYSE:JLL)

Allworth Financial LP decreased its holdings in shares of Jones Lang LaSalle Incorporated (NYSE:JLL) by 42.5% in the 4th quarter, Holdings Channel reports. The fund owned 157 shares of the financial services provider’s stock after selling 116 shares during the period. Allworth Financial LP’s holdings in Jones Lang LaSalle were worth $30,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently made changes to their positions in JLL. Vanguard Group Inc. increased its position in Jones Lang LaSalle by 0.6% during the 1st quarter. Vanguard Group Inc. now owns 7,345,723 shares of the financial services provider’s stock worth $1,759,007,000 after purchasing an additional 40,866 shares in the last quarter. Morgan Stanley grew its stake in shares of Jones Lang LaSalle by 644.6% during the fourth quarter. Morgan Stanley now owns 1,698,480 shares of the financial services provider’s stock worth $270,687,000 after buying an additional 1,470,373 shares during the last quarter. Ariel Investments LLC increased its holdings in shares of Jones Lang LaSalle by 3.5% during the third quarter. Ariel Investments LLC now owns 1,574,292 shares of the financial services provider’s stock worth $222,259,000 after buying an additional 53,883 shares in the last quarter. State Street Corp lifted its stake in shares of Jones Lang LaSalle by 5.3% in the 1st quarter. State Street Corp now owns 1,373,781 shares of the financial services provider’s stock valued at $328,966,000 after acquiring an additional 69,533 shares during the last quarter. Finally, Millennium Management LLC boosted its holdings in shares of Jones Lang LaSalle by 78.7% during the 4th quarter. Millennium Management LLC now owns 856,431 shares of the financial services provider’s stock valued at $136,489,000 after acquiring an additional 377,046 shares in the last quarter. Institutional investors own 94.80% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research firms have commented on JLL. StockNews.com upgraded Jones Lang LaSalle from a “hold” rating to a “buy” rating in a research report on Wednesday, February 28th. Wolfe Research reiterated a “peer perform” rating on shares of Jones Lang LaSalle in a research report on Tuesday, April 9th. Jefferies Financial Group started coverage on shares of Jones Lang LaSalle in a research report on Wednesday, April 10th. They issued a “buy” rating and a $246.00 price target for the company. TheStreet upgraded shares of Jones Lang LaSalle from a “c+” rating to a “b-” rating in a report on Wednesday, February 14th. Finally, Raymond James upgraded Jones Lang LaSalle from an “outperform” rating to a “strong-buy” rating and increased their price objective for the company from $218.00 to $246.00 in a report on Wednesday, April 3rd. Two analysts have rated the stock with a hold rating, three have issued a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $206.00.

Jones Lang LaSalle Stock Down 1.1 %

Jones Lang LaSalle stock opened at $180.21 on Monday. The firm has a market cap of $8.55 billion, a price-to-earnings ratio of 38.67 and a beta of 1.42. Jones Lang LaSalle Incorporated has a 52-week low of $119.46 and a 52-week high of $200.14. The company has a debt-to-equity ratio of 0.22, a quick ratio of 1.94 and a current ratio of 1.94. The firm has a 50 day moving average price of $186.47 and a two-hundred day moving average price of $168.30.

Jones Lang LaSalle (NYSE:JLL) last announced its earnings results on Tuesday, February 27th. The financial services provider reported $4.23 earnings per share for the quarter, topping analysts’ consensus estimates of $3.70 by $0.53. The business had revenue of $5.88 billion during the quarter, compared to the consensus estimate of $5.86 billion. Jones Lang LaSalle had a net margin of 1.09% and a return on equity of 5.74%. Jones Lang LaSalle’s quarterly revenue was up 4.9% on a year-over-year basis. During the same quarter last year, the firm earned $4.36 earnings per share. Equities analysts predict that Jones Lang LaSalle Incorporated will post 11.98 EPS for the current year.

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.