Connor Clark & Lunn Investment Management Ltd. Sells 1,315 Shares of Jones Lang LaSalle Incorporated (NYSE:JLL)

Connor Clark & Lunn Investment Management Ltd. lowered its stake in shares of Jones Lang LaSalle Incorporated (NYSE:JLL) by 12.4% during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 9,320 shares of the financial services provider’s stock after selling 1,315 shares during the quarter. Connor Clark & Lunn Investment Management Ltd.’s holdings in Jones Lang LaSalle were worth $2,359,000 as of its most recent SEC filing.

A number of other institutional investors also recently modified their holdings of the stock. Public Employees Retirement System of Ohio lifted its stake in shares of Jones Lang LaSalle by 42.1% during the third 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 acquiring an additional 10,186 shares during the period. Boston Trust Walden Corp boosted its stake in shares of Jones Lang LaSalle by 1.9% in the 4th quarter. Boston Trust Walden Corp now owns 305,768 shares of the financial services provider’s stock valued at $77,402,000 after purchasing an additional 5,663 shares during the last quarter. Dorsey Wright & Associates acquired a new stake in shares of Jones Lang LaSalle during the 3rd quarter worth approximately $4,276,000. Principal Securities Inc. lifted its holdings in 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 buying an additional 110 shares during the period. Finally, Diversified Trust Co bought a new position in Jones Lang LaSalle in the fourth quarter valued at approximately $567,000. 94.80% of the stock is owned by institutional investors.

Analysts Set New Price Targets

A number of research firms have recently weighed in on JLL. Keefe, Bruyette & Woods raised Jones Lang LaSalle from a “market perform” rating to an “outperform” rating and increased their price target for the company from $292.00 to $325.00 in a research note on Tuesday, December 10th. Raymond James raised 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. JPMorgan Chase & Co. upped their price target on Jones Lang LaSalle from $263.00 to $327.00 and gave the company an “overweight” rating in a research note on Monday, December 16th. StockNews.com lowered shares of Jones Lang LaSalle from a “strong-buy” rating to a “buy” rating in a research note on Friday, March 14th. Finally, The Goldman Sachs Group assumed coverage on shares of Jones Lang LaSalle in a report on Friday, December 6th. They issued a “buy” rating and a $352.00 target price on the stock. Seven equities research analysts have rated the stock with a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of “Buy” and a consensus price target of $309.00.

Jones Lang LaSalle Stock Down 2.3 %

Jones Lang LaSalle stock opened at $247.77 on Wednesday. Jones Lang LaSalle Incorporated has a twelve month low of $171.45 and a twelve month high of $288.50. The company has a quick ratio of 2.29, a current ratio of 2.00 and a debt-to-equity ratio of 0.12. The company has a 50 day moving average of $265.91 and a 200-day moving average of $264.56. The stock has a market capitalization of $11.74 billion, a PE ratio of 21.95 and a beta of 1.36.

Jones Lang LaSalle (NYSE:JLL) last released its earnings results on Wednesday, February 19th. The financial services provider reported $6.15 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $5.76 by $0.39. The firm had revenue of $6.81 billion during the quarter, compared to analysts’ expectations of $6.65 billion. Jones Lang LaSalle had a return on equity of 10.20% and a net margin of 2.33%. The company’s revenue was up 15.8% on a year-over-year basis. During the same quarter in the prior year, the company earned $4.23 EPS. On average, equities research analysts anticipate 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.