Meeder Asset Management Inc. Cuts Stock Holdings in Jones Lang LaSalle Incorporated (NYSE:JLL)

Meeder Asset Management Inc. cut its position in shares of Jones Lang LaSalle Incorporated (NYSE:JLL) by 95.2% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 288 shares of the financial services provider’s stock after selling 5,762 shares during the period. Meeder Asset Management Inc.’s holdings in Jones Lang LaSalle were worth $73,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Cerity Partners LLC grew its position in shares of Jones Lang LaSalle by 17.7% during the 3rd quarter. Cerity Partners LLC now owns 2,031 shares of the financial services provider’s stock valued at $548,000 after acquiring an additional 306 shares during the period. Glenmede Trust Co. NA acquired a new stake in Jones Lang LaSalle in the third quarter valued at approximately $345,000. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC increased its position in shares of Jones Lang LaSalle by 0.8% in the third quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 151,267 shares of the financial services provider’s stock valued at $40,813,000 after buying an additional 1,177 shares in the last quarter. Walleye Capital LLC raised its stake in shares of Jones Lang LaSalle by 603.1% during the 3rd quarter. Walleye Capital LLC now owns 13,739 shares of the financial services provider’s stock worth $3,707,000 after buying an additional 11,785 shares during the period. Finally, Edgestream Partners L.P. purchased a new position in shares of Jones Lang LaSalle during the 3rd quarter valued at approximately $1,186,000. Institutional investors and hedge funds own 94.80% of the company’s stock.

Wall Street Analysts Forecast Growth

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

Jones Lang LaSalle Stock Down 0.9 %

JLL stock opened at $245.74 on Wednesday. Jones Lang LaSalle Incorporated has a one year low of $171.45 and a one year high of $288.50. The firm has a market cap of $11.65 billion, a PE ratio of 21.77 and a beta of 1.36. The firm’s 50 day moving average price is $265.95 and its 200-day moving average price is $264.61. The company has a debt-to-equity ratio of 0.12, a quick ratio of 2.29 and a current ratio of 2.00.

Jones Lang LaSalle (NYSE:JLL) last announced its quarterly earnings results on Wednesday, February 19th. The financial services provider reported $6.15 EPS for the quarter, beating the consensus estimate of $5.76 by $0.39. The business had revenue of $6.81 billion for the quarter, compared to analyst estimates 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 quarterly revenue was up 15.8% on a year-over-year basis. During the same quarter in the prior year, the company posted $4.23 EPS. On average, equities research analysts anticipate that Jones Lang LaSalle Incorporated will post 16.45 EPS 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.