RWA Wealth Partners LLC Has $253,000 Position in Jones Lang LaSalle Incorporated (NYSE:JLL)

RWA Wealth Partners LLC decreased its holdings in Jones Lang LaSalle Incorporated (NYSE:JLL) by 43.7% in the fourth quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 1,000 shares of the financial services provider’s stock after selling 775 shares during the quarter. RWA Wealth Partners LLC’s holdings in Jones Lang LaSalle were worth $253,000 as of its most recent filing with the SEC.

Other institutional investors have also made changes to their positions in the company. Cerity Partners LLC boosted its holdings in Jones Lang LaSalle by 17.7% during the third quarter. Cerity Partners LLC now owns 2,031 shares of the financial services provider’s stock valued at $548,000 after purchasing an additional 306 shares in the last quarter. Glenmede Trust Co. NA bought a new stake in Jones Lang LaSalle in the third quarter valued at $345,000. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC raised its stake in Jones Lang LaSalle by 0.8% during the third quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 151,267 shares of the financial services provider’s stock worth $40,813,000 after acquiring an additional 1,177 shares in the last quarter. Walleye Capital LLC lifted its holdings in shares of Jones Lang LaSalle by 603.1% during the third quarter. Walleye Capital LLC now owns 13,739 shares of the financial services provider’s stock valued at $3,707,000 after acquiring an additional 11,785 shares during the period. Finally, Edgestream Partners L.P. bought a new stake in shares of Jones Lang LaSalle in the 3rd quarter worth about $1,186,000. 94.80% of the stock is currently owned by institutional investors and hedge funds.

Jones Lang LaSalle Price Performance

Shares of JLL stock opened at $245.74 on Wednesday. The firm has a market cap of $11.65 billion, a price-to-earnings ratio of 21.77 and a beta of 1.36. Jones Lang LaSalle Incorporated has a 12 month low of $171.45 and a 12 month high of $288.50. The company has a quick ratio of 2.29, a current ratio of 2.00 and a debt-to-equity ratio of 0.12. The stock has a 50-day moving average price of $265.95 and a 200 day moving average price of $264.61.

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

Analyst Upgrades and Downgrades

A number of research firms have commented on JLL. StockNews.com upgraded shares of Jones Lang LaSalle from a “buy” rating to a “strong-buy” rating in a research report on Saturday, March 22nd. Keefe, Bruyette & Woods upgraded Jones Lang LaSalle from a “market perform” rating to an “outperform” rating and increased their price target for the stock from $292.00 to $325.00 in a research report on Tuesday, December 10th. JPMorgan Chase & Co. lifted their price objective 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. Raymond James raised their target price on 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. Finally, The Goldman Sachs Group initiated coverage on shares of Jones Lang LaSalle in a research report on Friday, December 6th. They set a “buy” rating and a $352.00 price target on the stock. Six research analysts have rated the stock with a buy rating and two have given a strong buy rating to the stock. Based on data from MarketBeat, Jones Lang LaSalle currently has an average rating of “Buy” and an average price target of $309.00.

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.