Yousif Capital Management LLC Sells 670 Shares of Jones Lang LaSalle Incorporated (NYSE:JLL)

Yousif Capital Management LLC lowered its position in shares of Jones Lang LaSalle Incorporated (NYSE:JLL) by 3.6% in the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 17,959 shares of the financial services provider’s stock after selling 670 shares during the quarter. Yousif Capital Management LLC’s holdings in Jones Lang LaSalle were worth $4,546,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the business. Brooklyn Investment Group bought a new position in Jones Lang LaSalle in the third quarter valued at $34,000. UMB Bank n.a. grew its holdings in shares of Jones Lang LaSalle by 350.0% in the 3rd quarter. UMB Bank n.a. now owns 135 shares of the financial services provider’s stock valued at $36,000 after acquiring 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 about $37,000. R Squared Ltd acquired a new position in Jones Lang LaSalle during the fourth quarter valued at approximately $35,000. Finally, MassMutual Private Wealth & Trust FSB grew its stake in Jones Lang LaSalle by 35.7% in the fourth quarter. MassMutual Private Wealth & Trust FSB now owns 194 shares of the financial services provider’s stock valued at $49,000 after purchasing an additional 51 shares in the last quarter. 94.80% of the stock is currently owned by institutional investors and hedge funds.

Jones Lang LaSalle Price Performance

Shares of NYSE JLL opened at $278.48 on Friday. The firm has a market cap of $13.21 billion, a P/E ratio of 28.16 and a beta of 1.36. The business’s 50 day moving average is $264.66 and its 200-day moving average is $260.57. 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 $169.05 and a 1-year high of $288.50.

Jones Lang LaSalle (NYSE:JLL) last posted its earnings results on Wednesday, November 6th. The financial services provider reported $3.50 earnings per share for the quarter, topping analysts’ consensus estimates of $2.67 by $0.83. Jones Lang LaSalle had a return on equity of 8.95% and a net margin of 2.12%. The company had revenue of $5.87 billion during the quarter, compared to the consensus estimate of $5.62 billion. During the same quarter last year, the firm earned $2.01 earnings per share. The company’s revenue was up 14.8% on a year-over-year basis. Equities research analysts predict that Jones Lang LaSalle Incorporated will post 13.6 earnings per share for the current year.

Wall Street Analysts Forecast Growth

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