Shilanski & Associates Inc. Has $1.86 Million Stake in Jones Lang LaSalle Incorporated (NYSE:JLL)

Shilanski & Associates Inc. lessened its holdings in shares of Jones Lang LaSalle Incorporated (NYSE:JLL) by 0.7% during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 7,336 shares of the financial services provider’s stock after selling 55 shares during the period. Shilanski & Associates Inc.’s holdings in Jones Lang LaSalle were worth $1,857,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the business. FMR LLC increased its stake in Jones Lang LaSalle by 15.0% during the 3rd quarter. FMR LLC now owns 3,530,720 shares of the financial services provider’s stock worth $952,624,000 after acquiring an additional 459,466 shares during the period. State Street Corp increased its position in shares of Jones Lang LaSalle by 0.4% in the third quarter. State Street Corp now owns 1,423,831 shares of the financial services provider’s stock worth $384,164,000 after purchasing an additional 6,304 shares during the period. Wellington Management Group LLP raised its stake in Jones Lang LaSalle by 6.3% in the third quarter. Wellington Management Group LLP now owns 899,305 shares of the financial services provider’s stock valued at $242,641,000 after purchasing an additional 53,066 shares in the last quarter. Geode Capital Management LLC lifted its position in Jones Lang LaSalle by 0.3% during the third quarter. Geode Capital Management LLC now owns 893,627 shares of the financial services provider’s stock worth $241,165,000 after purchasing an additional 3,109 shares during the period. Finally, Artemis Investment Management LLP increased its holdings in Jones Lang LaSalle by 18.9% in the 4th quarter. Artemis Investment Management LLP now owns 394,214 shares of the financial services provider’s stock valued at $99,791,000 after buying an additional 62,700 shares during the period. 94.80% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of brokerages recently issued reports on JLL. Keefe, Bruyette & Woods raised shares of Jones Lang LaSalle from a “market perform” rating to an “outperform” rating and lifted their price objective for the company from $292.00 to $325.00 in a research note on Tuesday, December 10th. Wolfe Research upgraded Jones Lang LaSalle from a “peer perform” rating to an “outperform” rating and set a $353.00 price target on the stock in a research note on Monday, November 25th. JPMorgan Chase & Co. raised their price objective 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. Finally, The Goldman Sachs Group initiated coverage on Jones Lang LaSalle in a research note on Friday, December 6th. They set a “buy” rating and a $352.00 target price for the company. Six analysts have rated the stock with a buy rating and two have issued a strong buy rating to the stock. According to data from MarketBeat.com, Jones Lang LaSalle has a consensus rating of “Buy” and an average target price of $301.57.

Jones Lang LaSalle Stock Performance

NYSE:JLL opened at $273.93 on Friday. The stock’s 50-day moving average is $262.33 and its 200-day moving average is $256.13. Jones Lang LaSalle Incorporated has a 1-year low of $168.36 and a 1-year high of $288.50. The company has a current ratio of 2.29, a quick ratio of 2.29 and a debt-to-equity ratio of 0.16. The stock has a market cap of $13.00 billion, a P/E ratio of 27.70 and a beta of 1.36.

Jones Lang LaSalle (NYSE:JLL) last announced its quarterly earnings results on Wednesday, November 6th. The financial services provider reported $3.50 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.67 by $0.83. The firm had revenue of $5.87 billion during the quarter, compared to analysts’ expectations of $5.62 billion. Jones Lang LaSalle had a net margin of 2.12% and a return on equity of 8.95%. The company’s revenue was up 14.8% on a year-over-year basis. During the same period in the prior year, the company posted $2.01 EPS. Equities research analysts anticipate that Jones Lang LaSalle Incorporated will post 13.61 earnings per share 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.