Vanguard Group Inc. Sells 21,767 Shares of Jones Lang LaSalle Incorporated (NYSE:JLL)

Vanguard Group Inc. lessened its holdings in shares of Jones Lang LaSalle Incorporated (NYSE:JLL) by 0.3% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 7,007,175 shares of the financial services provider’s stock after selling 21,767 shares during the period. Vanguard Group Inc. owned 14.77% of Jones Lang LaSalle worth $1,773,796,000 as of its most recent SEC filing.

Other institutional investors also recently modified their holdings of the company. FMR LLC increased its stake in shares of Jones Lang LaSalle by 15.0% during the third quarter. FMR LLC now owns 3,530,720 shares of the financial services provider’s stock valued at $952,624,000 after purchasing an additional 459,466 shares in the last quarter. SG Americas Securities LLC grew its stake in shares of Jones Lang LaSalle by 7,967.8% in the 4th quarter. SG Americas Securities LLC now owns 279,065 shares of the financial services provider’s stock worth $70,643,000 after buying an additional 275,606 shares during the last quarter. William Blair Investment Management LLC purchased a new position in Jones Lang LaSalle during the fourth quarter valued at $29,271,000. Allspring Global Investments Holdings LLC boosted its holdings in Jones Lang LaSalle by 688.4% in the fourth quarter. Allspring Global Investments Holdings LLC now owns 130,752 shares of the financial services provider’s stock worth $32,603,000 after acquiring an additional 114,168 shares in the last quarter. Finally, Raymond James Financial Inc. purchased a new stake in shares of Jones Lang LaSalle in the fourth quarter worth $26,487,000. 94.80% of the stock is currently owned by institutional investors.

Jones Lang LaSalle Stock Performance

JLL stock opened at $254.24 on Thursday. The company has a market cap of $12.05 billion, a P/E ratio of 22.52 and a beta of 1.36. The company has a debt-to-equity ratio of 0.12, a current ratio of 2.00 and a quick ratio of 2.29. Jones Lang LaSalle Incorporated has a 1 year low of $171.45 and a 1 year high of $288.50. The stock’s fifty day moving average price is $267.21 and its 200-day moving average price is $264.68.

Jones Lang LaSalle (NYSE:JLL) last released its quarterly earnings results on Wednesday, February 19th. The financial services provider reported $6.15 EPS for the quarter, beating the consensus estimate of $5.76 by $0.39. The firm had revenue of $6.81 billion during the quarter, compared to analyst estimates of $6.65 billion. Jones Lang LaSalle had a net margin of 2.33% and a return on equity of 10.20%. The business’s revenue for the quarter was up 15.8% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $4.23 EPS. On average, equities analysts forecast that Jones Lang LaSalle Incorporated will post 16.45 earnings per share for the current year.

Analyst Upgrades and Downgrades

JLL has been the topic of a number of analyst reports. The Goldman Sachs Group started coverage on shares of Jones Lang LaSalle in a research note on Friday, December 6th. They issued a “buy” rating and a $352.00 price target on the stock. Raymond James increased their price target on shares of Jones Lang LaSalle from $317.00 to $320.00 and gave the company a “strong-buy” rating in a report on Friday, January 24th. Keefe, Bruyette & Woods upgraded shares of Jones Lang LaSalle from a “market perform” rating to an “outperform” rating and boosted their price objective for the stock from $292.00 to $325.00 in a report on Tuesday, December 10th. JPMorgan Chase & Co. lifted their target price on Jones Lang LaSalle from $263.00 to $327.00 and gave the stock an “overweight” rating in a report on Monday, December 16th. Finally, StockNews.com raised Jones Lang LaSalle from a “buy” rating to a “strong-buy” rating in a report on Saturday, March 22nd. Six research analysts have rated the stock with a buy rating and two have issued a strong buy rating to the stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Buy” and a consensus price target of $309.00.

Jones Lang LaSalle Company 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.