Kennedy Capital Management LLC Lowers Stock Holdings in Jones Lang LaSalle Incorporated (NYSE:JLL)

Kennedy Capital Management LLC decreased its holdings in shares of Jones Lang LaSalle Incorporated (NYSE:JLL) by 0.8% during the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 8,138 shares of the financial services provider’s stock after selling 64 shares during the quarter. Kennedy Capital Management LLC’s holdings in Jones Lang LaSalle were worth $2,060,000 as of its most recent SEC filing.

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

Jones Lang LaSalle Price Performance

Shares of NYSE JLL opened at $210.83 on Monday. The company has a market capitalization of $9.99 billion, a price-to-earnings ratio of 18.67 and a beta of 1.22. Jones Lang LaSalle Incorporated has a 1-year low of $171.45 and a 1-year high of $288.50. The business has a 50-day moving average of $254.37 and a 200-day moving average of $261.64. The company has a debt-to-equity ratio of 0.12, a current ratio of 2.00 and a quick ratio of 2.29.

Jones Lang LaSalle (NYSE:JLL) last announced its earnings results on Wednesday, February 19th. The financial services provider reported $6.15 earnings per share for the quarter, beating the consensus estimate of $5.76 by $0.39. Jones Lang LaSalle had a return on equity of 10.20% and a net margin of 2.33%. The company had revenue of $6.81 billion during the quarter, compared to the consensus estimate of $6.65 billion. During the same period last year, the firm earned $4.23 earnings per share. The company’s revenue was up 15.8% on a year-over-year basis. On average, equities analysts anticipate that Jones Lang LaSalle Incorporated will post 16.45 EPS for the current fiscal year.

Analysts Set New Price Targets

JLL has been the subject of a number of research analyst reports. JPMorgan Chase & Co. dropped their price objective on Jones Lang LaSalle from $327.00 to $285.00 and set an “overweight” rating for the company in a report on Thursday. UBS Group dropped their price target on Jones Lang LaSalle from $340.00 to $305.00 and set a “buy” rating for the company in a research note on Friday. StockNews.com lowered Jones Lang LaSalle from a “strong-buy” rating to a “buy” rating in a research note on Friday. Finally, Raymond James raised their price target on shares of Jones Lang LaSalle from $317.00 to $320.00 and gave the company a “strong-buy” rating in a report on Friday, January 24th. Six equities research analysts have rated the stock with a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat, Jones Lang LaSalle presently has a consensus rating of “Buy” and a consensus target price of $323.33.

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.