Jones Lang LaSalle Incorporated (NYSE:JLL) Stock Position Decreased by Sherbrooke Park Advisers LLC

Sherbrooke Park Advisers LLC lessened its holdings in shares of Jones Lang LaSalle Incorporated (NYSE:JLL) by 33.6% in the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 1,338 shares of the financial services provider’s stock after selling 678 shares during the period. Sherbrooke Park Advisers LLC’s holdings in Jones Lang LaSalle were worth $339,000 at the end of the most recent reporting period.

A number of other institutional investors have also modified their holdings of JLL. Prana Capital Management LP boosted its stake in Jones Lang LaSalle by 46.7% during the 4th quarter. Prana Capital Management LP now owns 77,600 shares of the financial services provider’s stock valued at $19,644,000 after purchasing an additional 24,716 shares during the period. ProShare Advisors LLC boosted its stake in Jones Lang LaSalle by 7.2% during the 4th quarter. ProShare Advisors LLC now owns 2,219 shares of the financial services provider’s stock valued at $562,000 after purchasing an additional 150 shares during the period. Quantinno Capital Management LP boosted its stake in Jones Lang LaSalle by 33.7% during the 4th quarter. Quantinno Capital Management LP now owns 1,903 shares of the financial services provider’s stock valued at $482,000 after purchasing an additional 480 shares during the period. Nomura Holdings Inc. acquired a new position in Jones Lang LaSalle during the 4th quarter valued at about $2,898,000. Finally, Occudo Quantitative Strategies LP acquired a new position in Jones Lang LaSalle during the 4th quarter valued at about $1,147,000. Institutional investors own 94.80% of the company’s stock.

Wall Street Analyst Weigh In

JLL has been the subject of a number of analyst reports. Raymond James boosted their target price on shares of Jones Lang LaSalle from $317.00 to $320.00 and gave the company a “strong-buy” rating in a research note on Friday, January 24th. StockNews.com lowered shares of Jones Lang LaSalle from a “strong-buy” rating to a “buy” rating in a research note on Tuesday, May 13th. JPMorgan Chase & Co. decreased their price objective on shares of Jones Lang LaSalle from $327.00 to $285.00 and set an “overweight” rating for the company in a report on Thursday, April 10th. Keefe, Bruyette & Woods decreased their price objective on shares of Jones Lang LaSalle from $325.00 to $280.00 and set an “outperform” rating for the company in a report on Thursday, April 17th. Finally, UBS Group decreased their price objective on shares of Jones Lang LaSalle from $340.00 to $305.00 and set a “buy” rating for the company in a report on Friday, April 11th. Six investment analysts have rated the stock with a buy rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat, Jones Lang LaSalle presently has an average rating of “Buy” and a consensus target price of $315.83.

Jones Lang LaSalle Trading Up 0.2%

Jones Lang LaSalle stock opened at $236.04 on Monday. The firm has a 50 day simple moving average of $232.01 and a 200-day simple moving average of $254.44. The company has a debt-to-equity ratio of 0.12, a current ratio of 2.00 and a quick ratio of 2.29. The stock has a market capitalization of $11.21 billion, a PE ratio of 20.91 and a beta of 1.33. Jones Lang LaSalle Incorporated has a 12-month low of $192.94 and a 12-month high of $288.50.

Jones Lang LaSalle (NYSE:JLL) last released its earnings results on Wednesday, May 7th. The financial services provider reported $2.31 EPS for the quarter, beating the consensus estimate of $2.02 by $0.29. Jones Lang LaSalle had a net margin of 2.33% and a return on equity of 10.20%. The business had revenue of $5.75 billion during the quarter, compared to analyst estimates of $5.65 billion. During the same period in the prior year, the business earned $1.78 earnings per share. The business’s quarterly revenue was up 12.1% on a year-over-year basis. As a group, equities research analysts expect that Jones Lang LaSalle Incorporated will post 16.45 EPS for the current fiscal year.

Jones Lang LaSalle 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.