Jones Lang LaSalle Incorporated (NYSE:JLL) Position Reduced by Olstein Capital Management L.P.

Olstein Capital Management L.P. cut its position in shares of Jones Lang LaSalle Incorporated (NYSE:JLL) by 3.6% during the 4th quarter, according to the company in its most recent filing with the SEC. The firm owned 26,500 shares of the financial services provider’s stock after selling 1,000 shares during the quarter. Olstein Capital Management L.P. owned 0.06% of Jones Lang LaSalle worth $6,708,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors also recently modified their holdings of the company. Brooklyn Investment Group acquired a new position in Jones Lang LaSalle during the third quarter worth about $34,000. UMB Bank n.a. lifted its stake in Jones Lang LaSalle by 350.0% during the third quarter. UMB Bank n.a. now owns 135 shares of the financial services provider’s stock valued at $36,000 after purchasing an additional 105 shares during the last quarter. V Square Quantitative Management LLC acquired a new stake in Jones Lang LaSalle during the third quarter valued at approximately $37,000. Massmutual Trust Co. FSB ADV grew its position in Jones Lang LaSalle by 37.5% in the third quarter. Massmutual Trust Co. FSB ADV now owns 143 shares of the financial services provider’s stock worth $39,000 after buying an additional 39 shares during the last quarter. Finally, MassMutual Private Wealth & Trust FSB increased its holdings in shares of Jones Lang LaSalle by 35.7% in the fourth quarter. MassMutual Private Wealth & Trust FSB now owns 194 shares of the financial services provider’s stock valued at $49,000 after buying an additional 51 shares in the last quarter. Institutional investors own 94.80% of the company’s stock.

Analysts Set New Price Targets

JLL has been the topic of a number of recent analyst reports. JPMorgan Chase & Co. boosted their target price on Jones Lang LaSalle from $263.00 to $327.00 and gave the stock an “overweight” rating in a research report on Monday, December 16th. Wolfe Research raised shares of Jones Lang LaSalle from a “peer perform” rating to an “outperform” rating and set a $353.00 price objective for the company in a research note on Monday, November 25th. Keefe, Bruyette & Woods upgraded shares of Jones Lang LaSalle from a “market perform” rating to an “outperform” rating and raised their target price for the stock from $292.00 to $325.00 in a report on Tuesday, December 10th. The Goldman Sachs Group started coverage on shares of Jones Lang LaSalle in a research report on Friday, December 6th. They issued a “buy” rating and a $352.00 price target for the company. Finally, Raymond James lifted their price objective on shares of Jones Lang LaSalle from $317.00 to $320.00 and gave the stock a “strong-buy” rating in a research report on Friday. Six equities research analysts have rated the stock with a buy rating and two have given a strong buy rating to the company. According to MarketBeat, the company has an average rating of “Buy” and a consensus price target of $309.00.

Jones Lang LaSalle Stock Up 0.9 %

Jones Lang LaSalle stock opened at $276.26 on Friday. The firm’s 50 day moving average price is $262.63 and its two-hundred day moving average price is $256.99. The firm has a market cap of $13.11 billion, a PE ratio of 27.93 and a beta of 1.36. Jones Lang LaSalle Incorporated has a twelve month low of $168.36 and a twelve month high of $288.50. The company has a debt-to-equity ratio of 0.16, a quick ratio of 2.29 and a current ratio of 2.29.

Jones Lang LaSalle (NYSE:JLL) last issued its earnings results on Wednesday, November 6th. The financial services provider reported $3.50 EPS for the quarter, beating analysts’ consensus estimates of $2.67 by $0.83. The firm had revenue of $5.87 billion for the quarter, compared to the consensus estimate of $5.62 billion. Jones Lang LaSalle had a return on equity of 8.95% and a net margin of 2.12%. The business’s quarterly revenue was up 14.8% compared to the same quarter last year. During the same quarter in the previous year, the company posted $2.01 earnings per share. On average, research analysts predict that Jones Lang LaSalle Incorporated will post 13.61 EPS for the current fiscal year.

About Jones Lang LaSalle

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.