Sapience Investments LLC Sells 585 Shares of Jones Lang LaSalle Incorporated (NYSE:JLL)

Sapience Investments LLC trimmed its stake in Jones Lang LaSalle Incorporated (NYSE:JLL) by 23.6% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 1,893 shares of the financial services provider’s stock after selling 585 shares during the period. Sapience Investments LLC’s holdings in Jones Lang LaSalle were worth $479,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other large investors also recently added to or reduced their stakes in the stock. Private Trust Co. NA raised its holdings in shares of Jones Lang LaSalle by 112.0% in the fourth quarter. Private Trust Co. NA now owns 106 shares of the financial services provider’s stock valued at $27,000 after acquiring an additional 56 shares in the last quarter. R Squared Ltd bought a new stake in shares of Jones Lang LaSalle in the fourth quarter valued at about $35,000. Principal Securities Inc. raised its holdings in shares of Jones Lang LaSalle by 166.7% in the fourth quarter. Principal Securities Inc. now owns 176 shares of the financial services provider’s stock valued at $45,000 after acquiring an additional 110 shares in the last quarter. MassMutual Private Wealth & Trust FSB raised its holdings in shares of 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 acquiring an additional 51 shares in the last quarter. Finally, V Square Quantitative Management LLC raised its holdings in shares of Jones Lang LaSalle by 52.9% in the fourth quarter. V Square Quantitative Management LLC now owns 208 shares of the financial services provider’s stock valued at $53,000 after acquiring an additional 72 shares in the last quarter. 94.80% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several research analysts have recently commented on JLL shares. 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. JPMorgan Chase & Co. lowered their price target on Jones Lang LaSalle from $327.00 to $285.00 and set an “overweight” rating for the company in a report on Thursday, April 10th. Keefe, Bruyette & Woods lowered their price target on Jones Lang LaSalle from $325.00 to $280.00 and set an “outperform” rating for the company in a report on Thursday, April 17th. StockNews.com downgraded Jones Lang LaSalle from a “strong-buy” rating to a “buy” rating in a research report on Tuesday. Finally, UBS Group cut their price objective on Jones Lang LaSalle from $340.00 to $305.00 and set a “buy” rating on the stock in a report on Friday, April 11th. Six research analysts have rated the stock with a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat, the company currently has an average rating of “Buy” and a consensus target price of $315.83.

Jones Lang LaSalle Stock Performance

JLL opened at $236.04 on Friday. The firm has a market capitalization of $11.21 billion, a PE ratio of 20.91 and a beta of 1.33. Jones Lang LaSalle Incorporated has a twelve month low of $192.94 and a twelve month high of $288.50. The firm’s 50-day moving average price is $232.01 and its 200 day moving average price is $254.69. The company has a current ratio of 2.00, a quick ratio of 2.29 and a debt-to-equity ratio of 0.12.

Jones Lang LaSalle (NYSE:JLL) last posted its quarterly earnings results on Wednesday, May 7th. The financial services provider reported $2.31 earnings per share for the quarter, topping analysts’ consensus estimates of $2.02 by $0.29. The firm had revenue of $5.75 billion for the quarter, compared to analyst estimates of $5.65 billion. Jones Lang LaSalle had a net margin of 2.33% and a return on equity of 10.20%. Jones Lang LaSalle’s quarterly revenue was up 12.1% on a year-over-year basis. During the same period in the previous year, the business posted $1.78 earnings per share. As a group, sell-side analysts expect that Jones Lang LaSalle Incorporated will post 16.45 EPS for the current fiscal year.

About Jones Lang LaSalle

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.