O Shaughnessy Asset Management LLC Decreases Stock Position in Jones Lang LaSalle Incorporated (NYSE:JLL)

O Shaughnessy Asset Management LLC cut its stake in shares of Jones Lang LaSalle Incorporated (NYSE:JLL) by 14.1% in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 8,417 shares of the financial services provider’s stock after selling 1,378 shares during the quarter. O Shaughnessy Asset Management LLC’s holdings in Jones Lang LaSalle were worth $2,131,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors and hedge funds have also bought and sold shares of the stock. Private Trust Co. NA boosted its stake in shares of Jones Lang LaSalle by 112.0% during the fourth quarter. Private Trust Co. NA now owns 106 shares of the financial services provider’s stock valued at $27,000 after purchasing an additional 56 shares during the period. R Squared Ltd bought a new stake in Jones Lang LaSalle during the 4th quarter valued at $35,000. Principal Securities Inc. boosted its position 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 valued at $45,000 after buying an additional 110 shares during the period. MassMutual Private Wealth & Trust FSB grew its holdings in Jones Lang LaSalle by 35.7% in the 4th quarter. MassMutual Private Wealth & Trust FSB now owns 194 shares of the financial services provider’s stock worth $49,000 after acquiring an additional 51 shares during the last quarter. Finally, V Square Quantitative Management LLC increased its position in shares of Jones Lang LaSalle by 52.9% in the fourth quarter. V Square Quantitative Management LLC now owns 208 shares of the financial services provider’s stock valued at $53,000 after acquiring an additional 72 shares during the period. 94.80% of the stock is currently owned by institutional investors.

Jones Lang LaSalle Stock Down 5.4 %

NYSE:JLL opened at $219.47 on Friday. The company has a debt-to-equity ratio of 0.12, a current ratio of 2.00 and a quick ratio of 2.29. The firm’s 50-day moving average price is $263.62 and its 200-day moving average price is $264.03. The company has a market capitalization of $10.40 billion, a PE ratio of 19.44 and a beta of 1.36. Jones Lang LaSalle Incorporated has a 1-year low of $171.45 and a 1-year high of $288.50.

Jones Lang LaSalle (NYSE:JLL) last announced its quarterly earnings data on Wednesday, February 19th. The financial services provider reported $6.15 earnings per share for the quarter, topping analysts’ consensus estimates of $5.76 by $0.39. Jones Lang LaSalle had a net margin of 2.33% and a return on equity of 10.20%. The business had revenue of $6.81 billion for the quarter, compared to analysts’ expectations of $6.65 billion. During the same quarter in the prior year, the company earned $4.23 earnings per share. The business’s revenue was up 15.8% compared to the same quarter last year. On average, equities analysts predict that Jones Lang LaSalle Incorporated will post 16.45 EPS for the current fiscal year.

Analyst Ratings Changes

Several analysts recently issued reports on the company. Keefe, Bruyette & Woods raised Jones Lang LaSalle from a “market perform” rating to an “outperform” rating and raised their target price for the stock from $292.00 to $325.00 in a research note on Tuesday, December 10th. StockNews.com upgraded Jones Lang LaSalle from a “buy” rating to a “strong-buy” rating in a report on Saturday, March 22nd. JPMorgan Chase & Co. lifted their price target 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 price objective on shares of 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, The Goldman Sachs Group initiated coverage on shares of Jones Lang LaSalle in a research note on Friday, December 6th. They set a “buy” rating and a $352.00 target price on the stock. Six analysts have rated the stock with a buy rating and two have assigned a strong buy rating to the stock. According to data from MarketBeat, Jones Lang LaSalle currently has an average rating of “Buy” and a consensus target price of $309.00.

Jones Lang LaSalle Company 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.