Concurrent Investment Advisors LLC Reduces Stock Position in Jones Lang LaSalle Incorporated (NYSE:JLL)

Concurrent Investment Advisors LLC lowered its stake in shares of Jones Lang LaSalle Incorporated (NYSE:JLL) by 11.4% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 25,460 shares of the financial services provider’s stock after selling 3,277 shares during the period. Concurrent Investment Advisors LLC owned 0.05% of Jones Lang LaSalle worth $6,445,000 at the end of the most recent reporting period.

Other institutional investors have also recently made changes to their positions in the company. Public Employees Retirement System of Ohio lifted its position in shares of Jones Lang LaSalle by 42.1% during the third quarter. Public Employees Retirement System of Ohio now owns 34,379 shares of the financial services provider’s stock worth $9,276,000 after acquiring an additional 10,186 shares in the last quarter. Boston Trust Walden Corp raised its position in shares of Jones Lang LaSalle by 1.9% in the fourth quarter. Boston Trust Walden Corp now owns 305,768 shares of the financial services provider’s stock worth $77,402,000 after buying an additional 5,663 shares in the last quarter. Dorsey Wright & Associates purchased a new stake in shares of Jones Lang LaSalle in the third quarter worth $4,276,000. Diversified Trust Co purchased a new stake in shares of Jones Lang LaSalle in the fourth quarter worth $567,000. Finally, Private Client Services LLC purchased a new stake in shares of Jones Lang LaSalle in the fourth quarter worth $1,817,000. Hedge funds and other institutional investors own 94.80% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities research analysts recently issued reports on JLL shares. Wolfe Research upgraded Jones Lang LaSalle from a “peer perform” rating to an “outperform” rating and set a $353.00 price objective on the stock in a research report on Monday, November 25th. Keefe, Bruyette & Woods upgraded Jones Lang LaSalle from a “market perform” rating to an “outperform” rating and increased their price objective for the stock from $292.00 to $325.00 in a research report on Tuesday, December 10th. The Goldman Sachs Group started coverage on Jones Lang LaSalle in a research report on Friday, December 6th. They issued a “buy” rating and a $352.00 price objective on the stock. Raymond James raised their price target on Jones Lang LaSalle from $317.00 to $320.00 and gave the company a “strong-buy” rating in a research report on Friday, January 24th. Finally, JPMorgan Chase & Co. raised their price target on Jones Lang LaSalle from $263.00 to $327.00 and gave the company an “overweight” rating in a research report on Monday, December 16th. Six research analysts have rated the stock with a buy rating and two have given a strong buy rating to the company’s stock. According to MarketBeat, the company currently has a consensus rating of “Buy” and a consensus target price of $309.00.

Jones Lang LaSalle Stock Down 0.9 %

Shares of NYSE:JLL opened at $279.36 on Thursday. The stock’s 50-day moving average price is $265.28 and its 200-day moving average price is $262.62. Jones Lang LaSalle Incorporated has a 12-month low of $171.45 and a 12-month high of $288.50. The stock has a market capitalization of $13.25 billion, a P/E ratio of 28.25 and a beta of 1.36. The company has a current ratio of 2.29, a quick ratio of 2.29 and a debt-to-equity ratio of 0.16.

Jones Lang LaSalle (NYSE:JLL) last announced its quarterly earnings data on Wednesday, February 19th. The financial services provider reported $6.15 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $5.76 by $0.39. Jones Lang LaSalle had a return on equity of 8.95% and a net margin of 2.12%. The firm had revenue of $6.81 billion for the quarter, compared to analysts’ expectations of $6.65 billion. During the same period last year, the firm earned $4.23 earnings per share. The company’s revenue for the quarter was up 15.8% compared to the same quarter last year. On average, equities analysts anticipate that Jones Lang LaSalle Incorporated will post 13.63 earnings per share for the current 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.