Robeco Institutional Asset Management B.V. cut its stake in shares of Jones Lang LaSalle Incorporated (NYSE:JLL – Free Report) by 30.6% in the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 16,220 shares of the financial services provider’s stock after selling 7,137 shares during the quarter. Robeco Institutional Asset Management B.V.’s holdings in Jones Lang LaSalle were worth $2,360,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
Several other hedge funds have also bought and sold shares of the stock. Covestor Ltd lifted its position in Jones Lang LaSalle by 61.3% during the first quarter. Covestor Ltd now owns 150 shares of the financial services provider’s stock valued at $36,000 after purchasing an additional 57 shares during the last quarter. Kestra Advisory Services LLC lifted its holdings in shares of Jones Lang LaSalle by 2.5% in the 4th quarter. Kestra Advisory Services LLC now owns 2,677 shares of the financial services provider’s stock worth $427,000 after acquiring an additional 66 shares during the last quarter. Arjuna Capital lifted its holdings in shares of Jones Lang LaSalle by 3.7% in the 4th quarter. Arjuna Capital now owns 2,004 shares of the financial services provider’s stock worth $319,000 after acquiring an additional 72 shares during the last quarter. Profund Advisors LLC lifted its holdings in shares of Jones Lang LaSalle by 3.2% in the 4th quarter. Profund Advisors LLC now owns 2,394 shares of the financial services provider’s stock worth $382,000 after acquiring an additional 74 shares during the last quarter. Finally, CWM LLC lifted its holdings in shares of Jones Lang LaSalle by 7.3% in the 1st quarter. CWM LLC now owns 1,144 shares of the financial services provider’s stock worth $166,000 after acquiring an additional 78 shares during the last quarter. 93.63% of the stock is currently owned by institutional investors.
Wall Street Analyst Weigh In
Several research analysts recently commented on JLL shares. 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 note on Monday, April 10th. Raymond James decreased their target price on shares of Jones Lang LaSalle from $239.00 to $222.00 and set an “outperform” rating on the stock in a research note on Monday, July 24th. StockNews.com started coverage on shares of Jones Lang LaSalle in a research note on Thursday, May 18th. They issued a “hold” rating on the stock. Finally, TheStreet downgraded shares of Jones Lang LaSalle from a “b-” rating to a “c” rating in a research note on Thursday, May 4th. One research analyst has rated the stock with a sell rating, two have assigned a hold rating and four have assigned a buy rating to the company. Based on data from MarketBeat, the stock has an average rating of “Hold” and an average target price of $198.33.
Jones Lang LaSalle Stock Up 2.4 %
Jones Lang LaSalle (NYSE:JLL – Get Free Report) last issued its quarterly earnings data on Thursday, August 3rd. The financial services provider reported $0.50 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $2.20 by ($1.70). The company had revenue of $5.05 billion for the quarter, compared to analysts’ expectations of $5.06 billion. Jones Lang LaSalle had a net margin of 2.41% and a return on equity of 10.30%. The firm’s revenue for the quarter was down 4.3% compared to the same quarter last year. During the same period in the previous year, the firm posted $4.48 earnings per share. Research analysts anticipate that Jones Lang LaSalle Incorporated will post 12.85 EPS for the current year.
Jones Lang LaSalle Company 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.
Featured Articles
- Five stocks we like better than Jones Lang LaSalle
- How to Most Effectively Use the MarketBeat Earnings Screener
- 3 Best Meme ETFs to Buy Now
- Best Aerospace Stocks Investing
- XPO Keeps Reaching New Highs: Markets Love the Stock
- How to Invest in Virtual Reality
- Starbucks Market at a Turning Point: Is a Breakout Imminent?
Want to see what other hedge funds are holding JLL? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Jones Lang LaSalle Incorporated (NYSE:JLL – Free Report).
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.
