Signaturefd LLC lowered its holdings in Jones Lang LaSalle Incorporated (NYSE:JLL – Free Report) by 13.2% in the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 846 shares of the financial services provider’s stock after selling 129 shares during the quarter. Signaturefd LLC’s holdings in Jones Lang LaSalle were worth $123,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
Several other hedge funds have also recently modified their holdings of JLL. Janney Montgomery Scott LLC increased its position in Jones Lang LaSalle by 1.4% during the first quarter. Janney Montgomery Scott LLC now owns 5,861 shares of the financial services provider’s stock valued at $853,000 after acquiring an additional 81 shares during the last quarter. Arizona State Retirement System increased its position in Jones Lang LaSalle by 1.7% during the first quarter. Arizona State Retirement System now owns 13,752 shares of the financial services provider’s stock valued at $2,001,000 after acquiring an additional 231 shares during the last quarter. Oak Thistle LLC purchased a new stake in Jones Lang LaSalle during the first quarter valued at $344,000. Pinnacle Financial Partners Inc. increased its position in Jones Lang LaSalle by 25.0% during the first quarter. Pinnacle Financial Partners Inc. now owns 3,783 shares of the financial services provider’s stock valued at $550,000 after acquiring an additional 756 shares during the last quarter. Finally, First Bank & Trust increased its position in Jones Lang LaSalle by 19.0% during the first quarter. First Bank & Trust now owns 2,313 shares of the financial services provider’s stock valued at $337,000 after acquiring an additional 369 shares during the last quarter. Hedge funds and other institutional investors own 93.63% of the company’s stock.
Analyst Ratings Changes
A number of analysts recently commented on the company. The Goldman Sachs Group reduced their price objective on Jones Lang LaSalle from $193.00 to $133.00 and set a “sell” rating for the company in a research report on Monday, April 10th. Raymond James cut their price target on Jones Lang LaSalle from $239.00 to $222.00 and set an “outperform” rating for the company in a report on Monday. StockNews.com assumed coverage on Jones Lang LaSalle in a report on Thursday, May 18th. They set a “hold” rating for the company. TheStreet lowered Jones Lang LaSalle from a “b-” rating to a “c” rating in a report on Thursday, May 4th. Finally, Citigroup cut their price target on Jones Lang LaSalle from $200.00 to $155.00 and set a “neutral” rating for the company in a report on Tuesday, March 28th. One analyst has rated the stock with a sell rating, two have given a hold rating and four have issued a buy rating to the stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average price target of $198.33.
Jones Lang LaSalle Stock Performance
Jones Lang LaSalle (NYSE:JLL – Get Free Report) last announced its quarterly earnings results on Thursday, May 4th. The financial services provider reported $0.65 EPS for the quarter, missing analysts’ consensus estimates of $1.69 by ($1.04). Jones Lang LaSalle had a net margin of 2.41% and a return on equity of 10.30%. The firm had revenue of $4.72 billion for the quarter, compared to the consensus estimate of $4.43 billion. During the same period in the previous year, the company posted $3.47 earnings per share. Jones Lang LaSalle’s quarterly revenue was down 1.8% on a year-over-year basis. As a group, equities research analysts predict that Jones Lang LaSalle Incorporated will post 13.24 EPS for the current fiscal year.
Jones Lang LaSalle Profile
Jones Lang LaSalle Incorporated, a professional services company, provides real estate and investment management services in Americas, Europe, the Middle East, Africa, and the Asia Pacific. The company offers a range of real estate services, including agency leasing, tenant representation, property management, advisory, and consulting services; and capital market services, such as equity and debt advisory, loan sales, equity advisory, loan servicing, merger and acquisition, corporate advisory, and investment sales and advisory services.
See Also
- Five stocks we like better than Jones Lang LaSalle
- Are Stock Buybacks Good for the Average Investor?
- 3 Housing Stocks to Avoid as Interest Rates Rise
- What Are Dividend Champions? How to Invest in the Champions
- AMC: Is a Big Squeeze in the Coming Attractions?
- Best Aerospace Stocks Investing
- Rivian: A Roaring Rise Or Time To Cash Out?
Receive News & Ratings for Jones Lang LaSalle Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Jones Lang LaSalle and related companies with MarketBeat.com's FREE daily email newsletter.
