Alliancebernstein L.P. Sells 43,188 Shares of Jones Lang LaSalle Incorporated (NYSE:JLL)

Alliancebernstein L.P. decreased its holdings in Jones Lang LaSalle Incorporated (NYSE:JLL) by 7.3% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 549,921 shares of the financial services provider’s stock after selling 43,188 shares during the period. Alliancebernstein L.P. owned about 1.16% of Jones Lang LaSalle worth $139,207,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors and hedge funds have also made changes to their positions in JLL. Public Employees Retirement System of Ohio lifted its holdings in Jones Lang LaSalle by 42.1% during the 3rd quarter. Public Employees Retirement System of Ohio now owns 34,379 shares of the financial services provider’s stock valued at $9,276,000 after buying an additional 10,186 shares in the last quarter. Boston Trust Walden Corp raised its stake in shares of Jones Lang LaSalle by 1.9% during the fourth quarter. Boston Trust Walden Corp now owns 305,768 shares of the financial services provider’s stock valued at $77,402,000 after acquiring an additional 5,663 shares in the last quarter. Dorsey Wright & Associates bought a new position in Jones Lang LaSalle in the third quarter worth approximately $4,276,000. Principal Securities Inc. increased 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 purchasing an additional 110 shares during the period. Finally, Fox Run Management L.L.C. bought a new stake in Jones Lang LaSalle during the 4th quarter valued at $413,000. 94.80% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

Several equities analysts have recently commented on the company. StockNews.com upgraded Jones Lang LaSalle from a “buy” rating to a “strong-buy” rating in a research note on Saturday, March 22nd. The Goldman Sachs Group began coverage on shares of Jones Lang LaSalle in a report on Friday, December 6th. They issued a “buy” rating and a $352.00 price target for the company. JPMorgan Chase & Co. lifted their price objective on shares of Jones Lang LaSalle from $263.00 to $327.00 and gave the company an “overweight” rating in a report on Monday, December 16th. Raymond James upped their target price on Jones Lang LaSalle from $317.00 to $320.00 and gave the stock a “strong-buy” rating in a report on Friday, January 24th. Finally, Keefe, Bruyette & Woods raised Jones Lang LaSalle from a “market perform” rating to an “outperform” rating and boosted their price target for the stock from $292.00 to $325.00 in a research report on Tuesday, December 10th. Six equities research analysts have rated the stock with a buy rating and two have issued a strong buy rating to the company. According to data from MarketBeat, the stock presently has a consensus rating of “Buy” and an average target price of $309.00.

Jones Lang LaSalle Stock Performance

Shares of JLL stock opened at $245.74 on Wednesday. The company has a current ratio of 2.00, a quick ratio of 2.29 and a debt-to-equity ratio of 0.12. The company has a market cap of $11.65 billion, a PE ratio of 21.77 and a beta of 1.36. Jones Lang LaSalle Incorporated has a 12-month low of $171.45 and a 12-month high of $288.50. The business’s fifty day simple moving average is $265.95 and its 200-day simple moving average is $264.61.

Jones Lang LaSalle (NYSE:JLL) last issued its quarterly earnings results on Wednesday, February 19th. The financial services provider reported $6.15 earnings per share for the quarter, topping the consensus estimate 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 business had revenue of $6.81 billion during the quarter, compared to the consensus estimate of $6.65 billion. During the same quarter last year, the company earned $4.23 earnings per share. The company’s quarterly revenue was up 15.8% on a year-over-year basis. Analysts expect that Jones Lang LaSalle Incorporated will post 16.45 earnings per share for the current fiscal 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.