Jones Lang LaSalle Incorporated (NYSE:JLL) Shares Sold by Bank of New Hampshire

Bank of New Hampshire decreased its holdings in shares of Jones Lang LaSalle Incorporated (NYSE:JLL) by 0.5% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 11,200 shares of the financial services provider’s stock after selling 59 shares during the quarter. Bank of New Hampshire’s holdings in Jones Lang LaSalle were worth $2,835,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the business. Brooklyn Investment Group acquired a new stake in shares of Jones Lang LaSalle in the third quarter valued at $34,000. UMB Bank n.a. grew its stake in shares of Jones Lang LaSalle by 350.0% in the third quarter. UMB Bank n.a. now owns 135 shares of the financial services provider’s stock valued at $36,000 after buying an additional 105 shares in the last quarter. V Square Quantitative Management LLC acquired a new stake in shares of Jones Lang LaSalle in the third quarter valued at $37,000. Massmutual Trust Co. FSB ADV grew its stake in shares of 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 valued at $39,000 after buying an additional 39 shares in the last quarter. Finally, Huntington National Bank grew its stake in shares of Jones Lang LaSalle by 22.9% in the third quarter. Huntington National Bank now owns 204 shares of the financial services provider’s stock valued at $55,000 after buying an additional 38 shares in the last quarter. Institutional investors and hedge funds own 94.80% of the company’s stock.

Analyst Ratings Changes

JLL has been the subject of a number of recent research reports. The Goldman Sachs Group initiated coverage on Jones Lang LaSalle in a report on Friday, December 6th. They issued a “buy” rating and a $352.00 target price for the company. JPMorgan Chase & Co. lifted their target price on Jones Lang LaSalle from $263.00 to $327.00 and gave the company an “overweight” rating in a report on Monday, December 16th. Keefe, Bruyette & Woods raised Jones Lang LaSalle from a “market perform” rating to an “outperform” rating and lifted their price target for the stock from $292.00 to $325.00 in a report on Tuesday, December 10th. StockNews.com raised Jones Lang LaSalle from a “buy” rating to a “strong-buy” rating in a report on Friday, September 13th. Finally, Wolfe Research raised Jones Lang LaSalle from a “peer perform” rating to an “outperform” rating and set a $353.00 target price for the company in a report on Monday, November 25th. Six investment analysts have rated the stock with a buy rating and two have issued a strong buy rating to the company’s stock. According to MarketBeat.com, Jones Lang LaSalle presently has a consensus rating of “Buy” and an average price target of $301.57.

Jones Lang LaSalle Stock Up 0.2 %

JLL stock traded up $0.51 during trading on Tuesday, reaching $256.80. The stock had a trading volume of 4,872 shares, compared to its average volume of 188,175. 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 Incorporated has a 1-year low of $167.11 and a 1-year high of $288.50. The firm has a fifty day moving average price of $266.00 and a 200 day moving average price of $252.23. The company has a market capitalization of $12.18 billion, a P/E ratio of 25.97 and a beta of 1.36.

Jones Lang LaSalle (NYSE:JLL) last released its earnings results on Wednesday, November 6th. The financial services provider reported $3.50 earnings per share for the quarter, beating the consensus estimate of $2.67 by $0.83. The firm had revenue of $5.87 billion during the quarter, compared to analyst estimates of $5.62 billion. Jones Lang LaSalle had a net margin of 2.12% and a return on equity of 8.95%. The firm’s revenue for the quarter was up 14.8% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $2.01 earnings per share. On average, equities analysts anticipate that Jones Lang LaSalle Incorporated will post 13.37 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.