Jones Lang LaSalle Incorporated (NYSE:JLL) Shares Sold by BDF Gestion

BDF Gestion reduced its position in Jones Lang LaSalle Incorporated (NYSE:JLL) by 11.5% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 15,306 shares of the financial services provider’s stock after selling 1,989 shares during the period. BDF Gestion’s holdings in Jones Lang LaSalle were worth $3,875,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other large investors have also recently made changes to their positions in the company. Brooklyn Investment Group purchased a new stake in Jones Lang LaSalle in the 3rd quarter worth $34,000. UMB Bank n.a. boosted its position in shares of Jones Lang LaSalle by 350.0% during the 3rd quarter. UMB Bank n.a. now owns 135 shares of the financial services provider’s stock valued at $36,000 after acquiring an additional 105 shares during the last quarter. V Square Quantitative Management LLC acquired a new position in shares of Jones Lang LaSalle during the 3rd quarter valued at about $37,000. R Squared Ltd acquired a new position in shares of Jones Lang LaSalle during the 4th quarter valued at about $35,000. Finally, Massmutual Trust Co. FSB ADV boosted its position in shares of Jones Lang LaSalle by 37.5% during the 3rd quarter. Massmutual Trust Co. FSB ADV now owns 143 shares of the financial services provider’s stock valued at $39,000 after acquiring an additional 39 shares during the last quarter. 94.80% of the stock is currently owned by institutional investors and hedge funds.

Jones Lang LaSalle Stock Performance

Shares of JLL opened at $280.04 on Thursday. The company has a market cap of $13.28 billion, a PE ratio of 28.31 and a beta of 1.36. The company has a debt-to-equity ratio of 0.16, a current ratio of 2.29 and a quick ratio of 2.29. Jones Lang LaSalle Incorporated has a one year low of $168.36 and a one year high of $288.50. The stock has a 50-day moving average of $263.96 and a 200-day moving average of $258.34.

Jones Lang LaSalle (NYSE:JLL) last released its quarterly earnings results on Wednesday, November 6th. The financial services provider reported $3.50 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.67 by $0.83. Jones Lang LaSalle had a return on equity of 8.95% and a net margin of 2.12%. The business 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 business earned $2.01 EPS. The company’s quarterly revenue was up 14.8% on a year-over-year basis. On average, equities research analysts predict that Jones Lang LaSalle Incorporated will post 13.61 EPS for the current fiscal year.

Analyst Ratings Changes

A number of research firms have commented on JLL. Keefe, Bruyette & Woods raised shares of Jones Lang LaSalle from a “market perform” rating to an “outperform” rating and upped their target price for the company from $292.00 to $325.00 in a research report on Tuesday, December 10th. Raymond James increased their price target on shares of Jones Lang LaSalle from $317.00 to $320.00 and gave the stock a “strong-buy” rating in a research report on Friday, January 24th. The Goldman Sachs Group initiated coverage on shares of Jones Lang LaSalle in a research report on Friday, December 6th. They set a “buy” rating and a $352.00 price target on the stock. JPMorgan Chase & Co. increased their price target on shares of Jones Lang LaSalle from $263.00 to $327.00 and gave the stock an “overweight” rating in a research report on Monday, December 16th. Finally, Wolfe Research raised shares of 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 report on Monday, November 25th. Six investment analysts have rated the stock with a buy rating and two have given a strong buy rating to the company’s stock. According to MarketBeat, Jones Lang LaSalle presently has an average rating of “Buy” and an average price target of $309.00.

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.