Voya Investment Management LLC Reduces Position in Jones Lang LaSalle Incorporated (NYSE:JLL)

Voya Investment Management LLC lowered its holdings in Jones Lang LaSalle Incorporated (NYSE:JLL) by 4.0% in the fourth quarter, HoldingsChannel reports. The firm owned 40,711 shares of the financial services provider’s stock after selling 1,691 shares during the period. Voya Investment Management LLC’s holdings in Jones Lang LaSalle were worth $10,306,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently bought and sold shares of the business. Private Trust Co. NA grew its position in shares of Jones Lang LaSalle by 112.0% during the fourth quarter. Private Trust Co. NA now owns 106 shares of the financial services provider’s stock worth $27,000 after buying an additional 56 shares in the last quarter. R Squared Ltd bought a new position in Jones Lang LaSalle during the 4th quarter valued at $35,000. Principal Securities Inc. grew its holdings in Jones Lang LaSalle by 166.7% during the 4th quarter. Principal Securities Inc. now owns 176 shares of the financial services provider’s stock worth $45,000 after acquiring an additional 110 shares in the last quarter. MassMutual Private Wealth & Trust FSB increased its position in shares of Jones Lang LaSalle by 35.7% in the 4th quarter. MassMutual Private Wealth & Trust FSB now owns 194 shares of the financial services provider’s stock worth $49,000 after purchasing an additional 51 shares during the last quarter. Finally, V Square Quantitative Management LLC raised its stake in shares of Jones Lang LaSalle by 52.9% in the 4th quarter. V Square Quantitative Management LLC now owns 208 shares of the financial services provider’s stock valued at $53,000 after purchasing an additional 72 shares in the last quarter. 94.80% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

JLL has been the subject of several research analyst reports. UBS Group lowered their price objective on Jones Lang LaSalle from $340.00 to $305.00 and set a “buy” rating for the company in a report on Friday, April 11th. StockNews.com downgraded Jones Lang LaSalle from a “strong-buy” rating to a “buy” rating in a report on Friday, April 11th. JPMorgan Chase & Co. reduced their price objective on Jones Lang LaSalle from $327.00 to $285.00 and set an “overweight” rating on the stock in a research note on Thursday, April 10th. Raymond James boosted their target price on shares of 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, Keefe, Bruyette & Woods reduced their price target on shares of Jones Lang LaSalle from $325.00 to $280.00 and set an “outperform” rating on the stock in a research report on Thursday, April 17th. Six research analysts have rated the stock with a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat, Jones Lang LaSalle currently has a consensus rating of “Buy” and an average price target of $315.83.

Jones Lang LaSalle Stock Performance

JLL stock opened at $227.16 on Tuesday. The stock’s fifty day moving average is $240.22 and its two-hundred day moving average is $257.96. The stock has a market capitalization of $10.79 billion, a price-to-earnings ratio of 20.12 and a beta of 1.22. The company has a debt-to-equity ratio of 0.12, a quick ratio of 2.29 and a current ratio of 2.00. Jones Lang LaSalle Incorporated has a 1 year low of $178.60 and a 1 year high of $288.50.

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