Private Client Services LLC Reduces Position in Jones Lang LaSalle Incorporated (NYSE:JLL)

Private Client Services LLC cut its holdings in shares of Jones Lang LaSalle Incorporated (NYSE:JLL) by 6.5% during the 1st quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 6,714 shares of the financial services provider’s stock after selling 463 shares during the quarter. Private Client Services LLC’s holdings in Jones Lang LaSalle were worth $1,664,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently bought and sold shares of the business. Parallel Advisors LLC increased its holdings in Jones Lang LaSalle by 8.1% in the first quarter. Parallel Advisors LLC now owns 1,953 shares of the financial services provider’s stock valued at $484,000 after buying an additional 146 shares during the last quarter. GAMMA Investing LLC increased its stake in Jones Lang LaSalle by 25,132.7% during the first quarter. GAMMA Investing LLC now owns 212,459 shares of the financial services provider’s stock valued at $52,671,000 after purchasing an additional 211,617 shares during the last quarter. Versant Capital Management Inc increased its stake in Jones Lang LaSalle by 356.3% during the first quarter. Versant Capital Management Inc now owns 324 shares of the financial services provider’s stock valued at $80,000 after purchasing an additional 253 shares during the last quarter. 111 Capital bought a new position in shares of Jones Lang LaSalle during the fourth quarter valued at approximately $490,000. Finally, Wealth Enhancement Advisory Services LLC grew its stake in Jones Lang LaSalle by 7.2% during the 4th quarter. Wealth Enhancement Advisory Services LLC now owns 1,292 shares of the financial services provider’s stock worth $327,000 after buying an additional 87 shares during the last quarter. 94.80% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several research firms have recently issued reports on JLL. JPMorgan Chase & Co. decreased their price target on Jones Lang LaSalle from $327.00 to $285.00 and set an “overweight” rating for the company in a research note on Thursday, April 10th. UBS Group decreased their price objective on shares of Jones Lang LaSalle from $340.00 to $305.00 and set a “buy” rating for the company in a report on Friday, April 11th. Citigroup decreased their price target on Jones Lang LaSalle from $275.00 to $240.00 and set a “neutral” rating for the company in a research note on Wednesday. Wall Street Zen cut Jones Lang LaSalle from a “strong-buy” rating to a “buy” rating in a research note on Tuesday, May 13th. Finally, Keefe, Bruyette & Woods reduced their price objective on shares of Jones Lang LaSalle from $325.00 to $280.00 and set an “outperform” rating for the company in a research report on Thursday, April 17th. One analyst has rated the stock with a hold rating, six have given a buy rating and one has given a strong buy rating to the company’s stock. According to data from MarketBeat, the company currently has an average rating of “Buy” and an average price target of $305.00.

Jones Lang LaSalle Trading Up 1.2%

Jones Lang LaSalle stock opened at $222.72 on Friday. The company has a 50 day moving average price of $226.53 and a 200 day moving average price of $251.65. Jones Lang LaSalle Incorporated has a 52 week low of $194.36 and a 52 week high of $288.50. The company has a debt-to-equity ratio of 0.12, a quick ratio of 2.29 and a current ratio of 2.00. The firm has a market capitalization of $10.57 billion, a price-to-earnings ratio of 19.73 and a beta of 1.33.

Jones Lang LaSalle (NYSE:JLL) last announced its quarterly earnings data on Wednesday, May 7th. The financial services provider reported $2.31 EPS for the quarter, topping analysts’ consensus estimates of $2.02 by $0.29. The firm had revenue of $5.75 billion during the quarter, compared to analyst estimates of $5.65 billion. Jones Lang LaSalle had a return on equity of 10.20% and a net margin of 2.33%. The business’s quarterly revenue was up 12.1% compared to the same quarter last year. During the same period last year, the company posted $1.78 EPS. Research analysts forecast that Jones Lang LaSalle Incorporated will post 16.45 EPS 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.