Swiss National Bank lessened its holdings in shares of Jones Lang LaSalle Incorporated (NYSE:JLL – Get Rating) by 0.2% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 115,700 shares of the financial services provider’s stock after selling 200 shares during the period. Swiss National Bank owned 0.24% of Jones Lang LaSalle worth $18,439,000 at the end of the most recent reporting period.
A number of other hedge funds also recently bought and sold shares of the business. HighTower Advisors LLC increased its holdings in shares of Jones Lang LaSalle by 2.5% in the first quarter. HighTower Advisors LLC now owns 3,413 shares of the financial services provider’s stock valued at $818,000 after purchasing an additional 84 shares during the last quarter. Acadian Asset Management LLC increased its stake in shares of Jones Lang LaSalle by 110.9% in the 1st quarter. Acadian Asset Management LLC now owns 888 shares of the financial services provider’s stock worth $212,000 after acquiring an additional 467 shares during the last quarter. Panagora Asset Management Inc. acquired a new position in shares of Jones Lang LaSalle during the 1st quarter valued at about $1,098,000. Great West Life Assurance Co. Can grew its holdings in shares of Jones Lang LaSalle by 9.3% in the first quarter. Great West Life Assurance Co. Can now owns 28,298 shares of the financial services provider’s stock valued at $6,973,000 after purchasing an additional 2,400 shares during the period. Finally, Sei Investments Co. increased its position in Jones Lang LaSalle by 14.2% during the first quarter. Sei Investments Co. now owns 124,615 shares of the financial services provider’s stock worth $29,823,000 after purchasing an additional 15,511 shares during the last quarter. Institutional investors and hedge funds own 93.64% of the company’s stock.
Analyst Upgrades and Downgrades
A number of analysts have recently issued reports on JLL shares. JPMorgan Chase & Co. raised their price target on shares of Jones Lang LaSalle from $214.00 to $215.00 and gave the stock an “overweight” rating in a report on Friday, March 3rd. Raymond James reduced their target price on Jones Lang LaSalle from $243.00 to $239.00 and set an “outperform” rating on the stock in a research report on Friday, January 20th. Wolfe Research upgraded Jones Lang LaSalle from a “peer perform” rating to an “outperform” rating and set a $218.00 price target for the company in a report on Wednesday, March 15th. Citigroup cut their price objective on Jones Lang LaSalle from $200.00 to $155.00 and set a “neutral” rating for the company in a research report on Tuesday, March 28th. Finally, The Goldman Sachs Group decreased their target price on shares of Jones Lang LaSalle from $193.00 to $133.00 and set a “sell” rating on the stock in a research report on Monday, April 10th. One research analyst has rated the stock with a sell rating, two have given a hold rating and four have given a buy rating to the company’s stock. According to MarketBeat.com, Jones Lang LaSalle currently has an average rating of “Hold” and a consensus target price of $201.17.
Jones Lang LaSalle Stock Performance
Jones Lang LaSalle (NYSE:JLL – Get Rating) last announced its earnings results on Thursday, May 4th. The financial services provider reported $0.65 earnings per share for the quarter, missing the consensus estimate of $1.69 by ($1.04). The business had revenue of $4.72 billion for the quarter, compared to analysts’ expectations of $4.43 billion. Jones Lang LaSalle had a return on equity of 10.30% and a net margin of 2.41%. Jones Lang LaSalle’s quarterly revenue was down 1.8% on a year-over-year basis. During the same period in the previous year, the company earned $3.47 earnings per share. As a group, analysts anticipate that Jones Lang LaSalle Incorporated will post 14.14 EPS for the current year.
Jones Lang LaSalle Company Profile
Jones Lang LaSalle, Inc engages in the provision of professional services which specialize in real estate and investment management. It operates through the following geographic segments: Americas, Europe, Middle East and Africa (EMEA, Asia Pacific, and LaSalle Investment Management (LaSalle). The Americas, EMEA, and Asia Pacific segments provide leasing, capital markets, integrated property and facility management, project management, advisory, and transaction services.
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