Wells Fargo & Company MN lowered its stake in shares of Jones Lang LaSalle Inc (NYSE:JLL) by 7.8% during the 4th quarter, HoldingsChannel reports. The institutional investor owned 325,385 shares of the financial services provider’s stock after selling 27,359 shares during the period. Wells Fargo & Company MN’s holdings in Jones Lang LaSalle were worth $48,460,000 at the end of the most recent reporting period.
Several other institutional investors also recently bought and sold shares of JLL. Parametrica Management Ltd purchased a new stake in shares of Jones Lang LaSalle during the 3rd quarter valued at $212,000. Magnetar Financial LLC purchased a new stake in shares of Jones Lang LaSalle during the 3rd quarter valued at $233,000. Toronto Dominion Bank raised its position in shares of Jones Lang LaSalle by 244.1% during the 3rd quarter. Toronto Dominion Bank now owns 1,913 shares of the financial services provider’s stock valued at $236,000 after buying an additional 1,357 shares in the last quarter. Timber Hill LLC purchased a new stake in shares of Jones Lang LaSalle during the 3rd quarter valued at $237,000. Finally, TradeLink Capital LLC purchased a new stake in shares of Jones Lang LaSalle during the 4th quarter valued at $238,000. Hedge funds and other institutional investors own 92.40% of the company’s stock.
JLL has been the topic of several research reports. ValuEngine upgraded shares of Jones Lang LaSalle from a “hold” rating to a “buy” rating in a research report on Sunday, December 31st. JMP Securities cut shares of Jones Lang LaSalle from an “outperform” rating to a “market perform” rating in a research report on Wednesday, January 24th. Barclays lifted their target price on shares of Jones Lang LaSalle from $150.00 to $170.00 and gave the stock an “overweight” rating in a research report on Tuesday, January 30th. William Blair reiterated an “outperform” rating on shares of Jones Lang LaSalle in a research report on Friday, February 2nd. Finally, Zacks Investment Research cut shares of Jones Lang LaSalle from a “buy” rating to a “hold” rating in a research report on Friday, February 2nd. Six investment analysts have rated the stock with a hold rating and six have issued a buy rating to the company’s stock. The stock has an average rating of “Buy” and a consensus target price of $151.38.
Jones Lang LaSalle Inc (JLL) opened at $161.47 on Wednesday. The company has a market cap of $7,413.94, a price-to-earnings ratio of 17.84, a P/E/G ratio of 1.51 and a beta of 1.85. Jones Lang LaSalle Inc has a 52-week low of $101.83 and a 52-week high of $165.41. The company has a debt-to-equity ratio of 0.21, a current ratio of 1.34 and a quick ratio of 1.60.
Jones Lang LaSalle (NYSE:JLL) last issued its earnings results on Wednesday, February 7th. The financial services provider reported $4.92 EPS for the quarter, topping analysts’ consensus estimates of $4.22 by $0.70. The company had revenue of $2.54 billion for the quarter, compared to analysts’ expectations of $2.29 billion. Jones Lang LaSalle had a net margin of 3.20% and a return on equity of 13.55%. The firm’s revenue was up 17.5% compared to the same quarter last year. During the same quarter last year, the company earned $3.95 EPS. analysts forecast that Jones Lang LaSalle Inc will post 9.85 earnings per share for the current year.
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Jones Lang LaSalle Company Profile
Jones Lang LaSalle Incorporated (JLL) is a financial and professional services company specializing in real estate. The Company operates through four business segments: Americas; Europe, Middle East and Africa (EMEA); Asia Pacific, and LaSalle. It offers integrated services on a local, regional and global basis to owner, occupier, investor and developer clients.
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