NFJ Investment Group LLC Trims Position in Jones Lang LaSalle Incorporated (NYSE:JLL)

NFJ Investment Group LLC reduced its position in shares of Jones Lang LaSalle Incorporated (NYSE:JLL) by 37.6% in the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 12,428 shares of the financial services provider’s stock after selling 7,504 shares during the period. NFJ Investment Group LLC’s holdings in Jones Lang LaSalle were worth $3,353,000 at the end of the most recent quarter.

A number of other institutional investors also recently bought and sold shares of JLL. BDF Gestion acquired a new position in shares of Jones Lang LaSalle in the 2nd quarter valued at $3,550,000. Wealth Enhancement Advisory Services LLC raised its stake in shares of Jones Lang LaSalle by 782.2% in the 2nd quarter. Wealth Enhancement Advisory Services LLC now owns 9,113 shares of the financial services provider’s stock valued at $1,871,000 after acquiring an additional 8,080 shares during the period. Connor Clark & Lunn Investment Management Ltd. lifted its holdings in shares of Jones Lang LaSalle by 29.6% in the 3rd quarter. Connor Clark & Lunn Investment Management Ltd. now owns 10,635 shares of the financial services provider’s stock worth $2,869,000 after acquiring an additional 2,430 shares during the last quarter. CWA Asset Management Group LLC purchased a new position in shares of Jones Lang LaSalle during the 3rd quarter worth approximately $1,689,000. Finally, Asset Management One Co. Ltd. acquired a new stake in Jones Lang LaSalle in the 3rd quarter valued at approximately $1,322,000. 94.80% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several research analysts have recently commented on the company. Wolfe Research upgraded Jones Lang LaSalle from a “peer perform” rating to an “outperform” rating and set a $353.00 price target for the company in a research report on Monday, November 25th. Keefe, Bruyette & Woods lifted their target price on Jones Lang LaSalle from $280.00 to $292.00 and gave the company a “market perform” rating in a research report on Tuesday, November 12th. Finally, StockNews.com raised shares of Jones Lang LaSalle from a “buy” rating to a “strong-buy” rating in a research report on Friday, September 13th. One analyst has rated the stock with a hold rating, four have assigned a buy rating and two have given a strong buy rating to the company’s stock. According to data from MarketBeat, the company presently has a consensus rating of “Buy” and a consensus target price of $271.50.

Jones Lang LaSalle Price Performance

JLL stock opened at $278.73 on Wednesday. Jones Lang LaSalle Incorporated has a 1 year low of $159.52 and a 1 year high of $288.50. The firm has a market capitalization of $13.22 billion, a P/E ratio of 28.18 and a beta of 1.34. The company has a debt-to-equity ratio of 0.16, a current ratio of 2.29 and a quick ratio of 2.29. The business’s 50-day moving average is $267.94 and its two-hundred day moving average is $241.56.

Jones Lang LaSalle (NYSE:JLL) last issued its quarterly earnings results on Wednesday, November 6th. The financial services provider reported $3.50 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.67 by $0.83. Jones Lang LaSalle had a net margin of 2.12% and a return on equity of 8.95%. The company had revenue of $5.87 billion during the quarter, compared to the consensus estimate of $5.62 billion. During the same quarter in the previous year, the firm earned $2.01 earnings per share. The firm’s quarterly revenue was up 14.8% on a year-over-year basis. Analysts anticipate that Jones Lang LaSalle Incorporated will post 13.37 earnings per share for the current fiscal 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.