Jones Lang LaSalle Incorporated (NYSE:JLL) Shares Sold by Greenleaf Trust

Greenleaf Trust lessened its holdings in shares of Jones Lang LaSalle Incorporated (NYSE:JLL) by 25.3% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 1,518 shares of the financial services provider’s stock after selling 515 shares during the period. Greenleaf Trust’s holdings in Jones Lang LaSalle were worth $287,000 at the end of the most recent reporting period.

A number of other hedge funds also recently bought and sold shares of JLL. State of New Jersey Common Pension Fund D lifted its stake in shares of Jones Lang LaSalle by 10.0% in the 3rd quarter. State of New Jersey Common Pension Fund D now owns 26,900 shares of the financial services provider’s stock valued at $3,798,000 after purchasing an additional 2,441 shares during the last quarter. Bamco Inc. NY lifted its position in Jones Lang LaSalle by 11.4% in the third quarter. Bamco Inc. NY now owns 238,655 shares of the financial services provider’s stock valued at $33,693,000 after buying an additional 24,487 shares during the last quarter. Assenagon Asset Management S.A. purchased a new position in Jones Lang LaSalle during the fourth quarter worth about $5,148,000. Handelsinvest Investeringsforvaltning acquired a new stake in shares of Jones Lang LaSalle during the third quarter valued at about $2,118,000. Finally, Mirabella Financial Services LLP purchased a new stake in shares of Jones Lang LaSalle in the 3rd quarter valued at approximately $499,000. Institutional investors and hedge funds own 94.80% of the company’s stock.

Jones Lang LaSalle Stock Performance

Shares of JLL opened at $181.86 on Thursday. The company has a quick ratio of 1.94, a current ratio of 1.94 and a debt-to-equity ratio of 0.22. Jones Lang LaSalle Incorporated has a 52-week low of $119.46 and a 52-week high of $200.14. The company has a 50-day simple moving average of $186.74 and a 200-day simple moving average of $170.27. The company has a market capitalization of $8.64 billion, a PE ratio of 39.03 and a beta of 1.42.

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

Analyst Upgrades and Downgrades

A number of research analysts have commented on the company. Wolfe Research restated a “peer perform” rating on shares of Jones Lang LaSalle in a research note on Tuesday, April 9th. TheStreet upgraded shares of Jones Lang LaSalle from a “c+” rating to a “b-” rating in a report on Wednesday, February 14th. Jefferies Financial Group assumed coverage on shares of Jones Lang LaSalle in a report on Wednesday, April 10th. They set a “buy” rating and a $246.00 target price on the stock. Raymond James raised Jones Lang LaSalle from an “outperform” rating to a “strong-buy” rating and upped their price objective for the stock from $218.00 to $246.00 in a research report on Wednesday, April 3rd. Finally, StockNews.com upgraded Jones Lang LaSalle from a “hold” rating to a “buy” rating in a report on Wednesday, February 28th. Two investment analysts have rated the stock with a hold rating, three have assigned a buy rating and one has given a strong buy rating to the company. According to MarketBeat.com, Jones Lang LaSalle currently has an average rating of “Moderate Buy” and an average target price of $206.00.

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.