Commonwealth Equity Services LLC Decreases Stock Position in Jones Lang LaSalle Incorporated (NYSE:JLL)

Commonwealth Equity Services LLC trimmed its holdings in shares of Jones Lang LaSalle Incorporated (NYSE:JLL) by 58.6% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 871 shares of the financial services provider’s stock after selling 1,231 shares during the period. Commonwealth Equity Services LLC’s holdings in Jones Lang LaSalle were worth $221,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also modified their holdings of the company. HighTower Advisors LLC grew its stake in shares of Jones Lang LaSalle by 6.0% during 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 period. Quantinno Capital Management LP bought a new stake in Jones Lang LaSalle during the third quarter valued at approximately $384,000. Stifel Financial Corp increased its holdings in 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 valued at $2,062,000 after buying an additional 3,858 shares during the last quarter. MML Investors Services LLC raised its position in Jones Lang LaSalle by 204.7% in the third quarter. MML Investors Services LLC now owns 3,358 shares of the financial services provider’s stock worth $906,000 after acquiring an additional 2,256 shares during the period. Finally, Nomura Asset Management Co. Ltd. grew its position in shares of Jones Lang LaSalle by 11.1% during 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 own 94.80% of the company’s stock.

Jones Lang LaSalle Trading Up 7.9 %

JLL opened at $224.47 on Thursday. Jones Lang LaSalle Incorporated has a 52 week low of $171.45 and a 52 week high of $288.50. The company has a quick ratio of 2.29, a current ratio of 2.00 and a debt-to-equity ratio of 0.12. The stock’s fifty day moving average is $256.98 and its two-hundred day moving average is $262.49. The company has a market capitalization of $10.64 billion, a P/E ratio of 19.88 and a beta of 1.22.

Jones Lang LaSalle (NYSE:JLL) last released its quarterly earnings data on Wednesday, February 19th. The financial services provider reported $6.15 earnings per share for the quarter, topping analysts’ consensus estimates of $5.76 by $0.39. The company had revenue of $6.81 billion during the quarter, compared to analyst estimates of $6.65 billion. Jones Lang LaSalle had a net margin of 2.33% and a return on equity of 10.20%. The firm’s revenue for the quarter was up 15.8% compared to the same quarter last year. During the same period in the prior year, the firm earned $4.23 earnings per share. Analysts forecast that Jones Lang LaSalle Incorporated will post 16.45 earnings per share for the current year.

Analyst Upgrades and Downgrades

Several research firms have issued reports on JLL. StockNews.com raised Jones Lang LaSalle from a “buy” rating to a “strong-buy” rating in a report on Saturday, March 22nd. Raymond James lifted their price objective on Jones Lang LaSalle from $317.00 to $320.00 and gave the company a “strong-buy” rating in a research report on Friday, January 24th. Finally, JPMorgan Chase & Co. increased their target price on shares of Jones Lang LaSalle from $263.00 to $327.00 and gave the stock an “overweight” rating in a report on Monday, December 16th. Six analysts have rated the stock with a buy rating and two have assigned a strong buy rating to the stock. According to MarketBeat.com, the stock has a consensus rating of “Buy” and an average price target of $309.00.

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.