Russell Investments Group Ltd. Sells 84,379 Shares of Jones Lang LaSalle Incorporated (NYSE:JLL)

Russell Investments Group Ltd. trimmed its position in Jones Lang LaSalle Incorporated (NYSE:JLL) by 62.3% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 51,044 shares of the financial services provider’s stock after selling 84,379 shares during the period. Russell Investments Group Ltd.’s holdings in Jones Lang LaSalle were worth $9,644,000 at the end of the most recent quarter.

A number of other hedge funds have also modified their holdings of the company. Tributary Capital Management LLC lifted its stake in Jones Lang LaSalle by 1.9% in the 4th quarter. Tributary Capital Management LLC now owns 4,351 shares of the financial services provider’s stock valued at $822,000 after acquiring an additional 83 shares in the last quarter. Treasurer of the State of North Carolina boosted its holdings in Jones Lang LaSalle by 0.5% during the third quarter. Treasurer of the State of North Carolina now owns 20,816 shares of the financial services provider’s stock worth $2,939,000 after purchasing an additional 110 shares during the last quarter. Mackenzie Financial Corp grew its position in Jones Lang LaSalle by 9.6% in the fourth quarter. Mackenzie Financial Corp now owns 1,808 shares of the financial services provider’s stock valued at $341,000 after purchasing an additional 159 shares in the last quarter. Paralel Advisors LLC increased its stake in Jones Lang LaSalle by 1.3% in the 3rd quarter. Paralel Advisors LLC now owns 13,158 shares of the financial services provider’s stock valued at $1,858,000 after buying an additional 164 shares during the last quarter. Finally, Highland Capital Management LLC boosted its stake in shares of Jones Lang LaSalle by 0.8% during the 4th quarter. Highland Capital Management LLC now owns 23,440 shares of the financial services provider’s stock worth $4,427,000 after buying an additional 190 shares during the last quarter. 94.80% of the stock is currently owned by institutional investors.

Jones Lang LaSalle Trading Up 3.2 %

Shares of JLL stock opened at $191.41 on Tuesday. The stock has a market cap of $9.09 billion, a P/E ratio of 41.08 and a beta of 1.43. Jones Lang LaSalle Incorporated has a 1 year low of $119.46 and a 1 year high of $200.73. The company has a current ratio of 1.94, a quick ratio of 1.94 and a debt-to-equity ratio of 0.22. The stock has a 50 day simple moving average of $186.47 and a 200 day simple moving average of $173.43.

Jones Lang LaSalle (NYSE:JLL) last released its earnings results on Monday, May 6th. The financial services provider reported $1.78 earnings per share for the quarter, beating analysts’ consensus estimates of $0.85 by $0.93. Jones Lang LaSalle had a return on equity of 5.74% and a net margin of 1.09%. The firm had revenue of $5.12 billion during the quarter, compared to the consensus estimate of $4.82 billion. During the same period in the prior year, the company posted $0.65 EPS. The company’s revenue was up 8.7% compared to the same quarter last year. On average, research analysts predict that Jones Lang LaSalle Incorporated will post 11.98 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

JLL has been the topic of several analyst reports. Jefferies Financial Group initiated coverage on Jones Lang LaSalle in a report on Wednesday, April 10th. They set a “buy” rating and a $246.00 target price on the stock. Wolfe Research reissued a “peer perform” rating on shares of Jones Lang LaSalle in a research note on Tuesday, April 9th. Raymond James raised shares of Jones Lang LaSalle from an “outperform” rating to a “strong-buy” rating and upped their price target for the stock from $218.00 to $246.00 in a research report on Wednesday, April 3rd. TheStreet raised shares of Jones Lang LaSalle from a “c+” rating to a “b-” rating in a research report on Wednesday, February 14th. Finally, StockNews.com raised shares of Jones Lang LaSalle from a “hold” rating to a “buy” rating in a report on Wednesday, February 28th. Two equities research analysts have rated the stock with a hold rating, three have assigned a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and an average price target of $206.00.

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.