Jones Lang LaSalle Incorporated $JLL Shares Sold by Geode Capital Management LLC

Geode Capital Management LLC trimmed its position in Jones Lang LaSalle Incorporated (NYSE:JLL) by 4.6% during the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 953,007 shares of the financial services provider’s stock after selling 45,988 shares during the period. Geode Capital Management LLC owned about 2.01% of Jones Lang LaSalle worth $243,795,000 at the end of the most recent reporting period.

Other hedge funds have also made changes to their positions in the company. Chilton Capital Management LLC acquired a new stake in shares of Jones Lang LaSalle in the second quarter worth approximately $26,000. Thurston Springer Miller Herd & Titak Inc. raised its stake in Jones Lang LaSalle by 322.6% in the 2nd quarter. Thurston Springer Miller Herd & Titak Inc. now owns 131 shares of the financial services provider’s stock valued at $34,000 after purchasing an additional 100 shares during the last quarter. SVB Wealth LLC purchased a new position in Jones Lang LaSalle in the 1st quarter valued at $38,000. Whittier Trust Co. boosted its stake in Jones Lang LaSalle by 40.9% during the 2nd quarter. Whittier Trust Co. now owns 217 shares of the financial services provider’s stock worth $56,000 after purchasing an additional 63 shares during the last quarter. Finally, Brooklyn Investment Group grew its holdings in shares of Jones Lang LaSalle by 142.1% during the first quarter. Brooklyn Investment Group now owns 322 shares of the financial services provider’s stock worth $80,000 after buying an additional 189 shares in the last quarter. Institutional investors and hedge funds own 94.80% of the company’s stock.

Jones Lang LaSalle Trading Up 0.2%

JLL opened at $302.41 on Monday. The stock has a market capitalization of $14.27 billion, a PE ratio of 26.00 and a beta of 1.46. Jones Lang LaSalle Incorporated has a one year low of $194.36 and a one year high of $322.36. The company has a debt-to-equity ratio of 0.16, a quick ratio of 2.35 and a current ratio of 2.35. The business’s 50 day moving average price is $303.19 and its 200 day moving average price is $273.08.

Jones Lang LaSalle (NYSE:JLL) last posted its earnings results on Wednesday, November 5th. The financial services provider reported $4.50 EPS for the quarter, beating analysts’ consensus estimates of $4.24 by $0.26. Jones Lang LaSalle had a return on equity of 10.63% and a net margin of 2.28%.The company had revenue of $6.51 billion for the quarter, compared to the consensus estimate of $6.49 billion. During the same quarter in the previous year, the business earned $3.50 earnings per share. The company’s revenue for the quarter was up 10.9% on a year-over-year basis. As a group, equities research analysts expect that Jones Lang LaSalle Incorporated will post 16.45 EPS for the current year.

Analysts Set New Price Targets

A number of equities analysts recently weighed in on the stock. Wall Street Zen upgraded shares of Jones Lang LaSalle from a “buy” rating to a “strong-buy” rating in a research report on Saturday, November 8th. The Goldman Sachs Group raised their target price on shares of Jones Lang LaSalle from $338.00 to $378.00 and gave the stock a “buy” rating in a research note on Wednesday, August 13th. JMP Securities initiated coverage on Jones Lang LaSalle in a report on Monday, July 21st. They set a “market perform” rating on the stock. UBS Group increased their price target on Jones Lang LaSalle from $340.00 to $360.00 and gave the company a “buy” rating in a report on Friday, October 10th. Finally, Citizens Jmp initiated coverage on Jones Lang LaSalle in a research report on Monday, July 21st. They set a “market perform” rating on the stock. One research analyst has rated the stock with a Strong Buy rating, five have assigned a Buy rating and four have issued a Hold rating to the company’s stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average price target of $338.29.

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.