Goldman Sachs Group Inc. Decreases Stock Position in Jones Lang LaSalle Incorporated (NYSE:JLL)

Goldman Sachs Group Inc. trimmed its holdings in shares of Jones Lang LaSalle Incorporated (NYSE:JLL) by 15.6% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 211,722 shares of the financial services provider’s stock after selling 39,260 shares during the period. Goldman Sachs Group Inc. owned approximately 0.45% of Jones Lang LaSalle worth $39,988,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also modified their holdings of JLL. Norges Bank bought a new position in Jones Lang LaSalle during the fourth quarter valued at approximately $97,222,000. Price T Rowe Associates Inc. MD boosted its stake in shares of Jones Lang LaSalle by 84.8% in the 4th quarter. Price T Rowe Associates Inc. MD now owns 589,128 shares of the financial services provider’s stock worth $111,270,000 after buying an additional 270,404 shares during the last quarter. Epoch Investment Partners Inc. grew its holdings in shares of Jones Lang LaSalle by 3,097.2% in the fourth quarter. Epoch Investment Partners Inc. now owns 193,240 shares of the financial services provider’s stock worth $36,497,000 after acquiring an additional 187,196 shares during the period. Dimensional Fund Advisors LP lifted its holdings in Jones Lang LaSalle by 11.1% in the fourth quarter. Dimensional Fund Advisors LP now owns 1,426,954 shares of the financial services provider’s stock valued at $269,512,000 after acquiring an additional 142,887 shares during the period. Finally, Boston Trust Walden Corp boosted its position in Jones Lang LaSalle by 20.4% in the fourth quarter. Boston Trust Walden Corp now owns 710,236 shares of the financial services provider’s stock worth $134,142,000 after purchasing an additional 120,105 shares during the last quarter. Institutional investors own 94.80% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities analysts have recently weighed in on the stock. StockNews.com cut shares of Jones Lang LaSalle from a “strong-buy” rating to a “buy” rating in a research note on Friday. Jefferies Financial Group initiated coverage on shares of Jones Lang LaSalle in a research note on Wednesday, April 10th. They set a “buy” rating and a $246.00 price target on the stock. Keefe, Bruyette & Woods upped their price objective on Jones Lang LaSalle from $190.00 to $200.00 and gave the stock a “market perform” rating in a research note on Wednesday, May 8th. Wolfe Research reiterated a “peer perform” rating on shares of Jones Lang LaSalle in a research report on Tuesday, April 9th. Finally, JPMorgan Chase & Co. upped their price target on Jones Lang LaSalle from $215.00 to $230.00 and gave the stock an “overweight” rating in a research report on Friday. Three investment analysts have rated the stock with a hold rating, four have given a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $216.67.

Jones Lang LaSalle Price Performance

NYSE:JLL opened at $208.75 on Friday. The stock has a market cap of $9.93 billion, a PE ratio of 33.56 and a beta of 1.40. The company has a quick ratio of 2.35, a current ratio of 2.35 and a debt-to-equity ratio of 0.34. The business’s 50-day simple moving average is $194.20 and its two-hundred day simple moving average is $186.40. Jones Lang LaSalle Incorporated has a 52 week low of $119.46 and a 52 week high of $213.33.

Jones Lang LaSalle (NYSE:JLL) last posted its quarterly earnings results on Monday, May 6th. The financial services provider reported $1.78 EPS for the quarter, topping analysts’ consensus estimates of $0.85 by $0.93. Jones Lang LaSalle had a return on equity of 6.55% and a net margin of 1.42%. The company had revenue of $5.12 billion for the quarter, compared to analysts’ expectations of $4.82 billion. During the same period in the previous year, the firm earned $0.65 EPS. The firm’s revenue was up 8.7% compared to the same quarter last year. As a group, analysts forecast that Jones Lang LaSalle Incorporated will post 12.22 EPS for the current fiscal year.

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.