Dana Investment Advisors Inc. Lowers Position in Jones Lang LaSalle Incorporated (NYSE:JLL)

Dana Investment Advisors Inc. decreased its stake in Jones Lang LaSalle Incorporated (NYSE:JLL) by 11.1% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 14,867 shares of the financial services provider’s stock after selling 1,849 shares during the quarter. Dana Investment Advisors Inc.’s holdings in Jones Lang LaSalle were worth $3,763,000 as of its most recent SEC filing.

Several other institutional investors have also recently made changes to their positions in JLL. Arizona State Retirement System increased its holdings in Jones Lang LaSalle by 0.6% in the 4th quarter. Arizona State Retirement System now owns 13,776 shares of the financial services provider’s stock worth $3,487,000 after acquiring an additional 81 shares in the last quarter. Proficio Capital Partners LLC purchased a new stake in shares of Jones Lang LaSalle in the fourth quarter worth $8,715,000. Atria Investments Inc lifted its stake in shares of Jones Lang LaSalle by 23.2% during the 4th quarter. Atria Investments Inc now owns 6,683 shares of the financial services provider’s stock valued at $1,692,000 after buying an additional 1,260 shares in the last quarter. Victory Capital Management Inc. boosted its holdings in Jones Lang LaSalle by 0.3% in the 4th quarter. Victory Capital Management Inc. now owns 23,294 shares of the financial services provider’s stock worth $5,897,000 after buying an additional 81 shares during the period. Finally, Steward Partners Investment Advisory LLC increased its stake in Jones Lang LaSalle by 763.5% in the 4th quarter. Steward Partners Investment Advisory LLC now owns 1,278 shares of the financial services provider’s stock worth $324,000 after buying an additional 1,130 shares in the last quarter. Institutional investors own 94.80% of the company’s stock.

Analyst Ratings Changes

JLL has been the subject of a number of recent analyst reports. The Goldman Sachs Group initiated coverage on Jones Lang LaSalle in a research note on Friday, December 6th. They issued a “buy” rating and a $352.00 price objective for the company. 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 report on Monday, November 25th. StockNews.com raised shares of Jones Lang LaSalle from a “buy” rating to a “strong-buy” rating in a report on Wednesday. JPMorgan Chase & Co. raised their target price on shares of Jones Lang LaSalle from $263.00 to $327.00 and gave the company an “overweight” rating in a research note on Monday, December 16th. Finally, Keefe, Bruyette & Woods upgraded shares of Jones Lang LaSalle from a “market perform” rating to an “outperform” rating and boosted their price target for the stock from $292.00 to $325.00 in a research note on Tuesday, December 10th. Six investment analysts have rated the stock with a buy rating and two have issued a strong buy rating to the company. Based on data from MarketBeat.com, the company currently has a consensus rating of “Buy” and a consensus price target of $309.00.

Jones Lang LaSalle Price Performance

JLL stock opened at $257.17 on Friday. The company has a fifty day simple moving average of $266.63 and a two-hundred day simple moving average of $264.62. Jones Lang LaSalle Incorporated has a 52 week low of $171.45 and a 52 week 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 firm has a market capitalization of $12.19 billion, a P/E ratio of 22.78 and a beta of 1.36.

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, topping the consensus estimate of $5.76 by $0.39. The company had revenue of $6.81 billion during the quarter, compared to analyst estimates of $6.65 billion. Jones Lang LaSalle had a return on equity of 10.20% and a net margin of 2.33%. The firm’s revenue was up 15.8% on a year-over-year basis. During the same quarter last year, the business posted $4.23 earnings per share. Analysts anticipate that Jones Lang LaSalle Incorporated will post 16.45 earnings per share for the current fiscal year.

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.