Blue Trust Inc. Sells 759 Shares of Jones Lang LaSalle Incorporated (NYSE:JLL)

Blue Trust Inc. decreased its holdings in Jones Lang LaSalle Incorporated (NYSE:JLL) by 63.4% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 438 shares of the financial services provider’s stock after selling 759 shares during the period. Blue Trust Inc.’s holdings in Jones Lang LaSalle were worth $111,000 at the end of the most recent quarter.

A number of other institutional investors have also recently made changes to their positions in the business. V Square Quantitative Management LLC lifted 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 acquiring an additional 72 shares during the last quarter. G&S Capital LLC raised its position in Jones Lang LaSalle by 3.2% in the 4th quarter. G&S Capital LLC now owns 9,808 shares of the financial services provider’s stock worth $2,483,000 after purchasing an additional 304 shares during the period. MGB Wealth Management LLC purchased a new stake in Jones Lang LaSalle in the 4th quarter worth about $272,000. Allspring Global Investments Holdings LLC raised its position in Jones Lang LaSalle by 688.4% in the 4th quarter. Allspring Global Investments Holdings LLC now owns 130,752 shares of the financial services provider’s stock worth $32,603,000 after purchasing an additional 114,168 shares during the period. Finally, Equitable Trust Co. raised its position in Jones Lang LaSalle by 1.3% in the 4th quarter. Equitable Trust Co. now owns 4,918 shares of the financial services provider’s stock worth $1,245,000 after purchasing an additional 62 shares during the period. Institutional investors own 94.80% of the company’s stock.

Analyst Ratings Changes

A number of analysts recently weighed in on JLL shares. The Goldman Sachs Group started coverage on shares of Jones Lang LaSalle in a research report on Friday, December 6th. They issued a “buy” rating and a $352.00 price objective on the stock. JPMorgan Chase & Co. raised their target price 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. Keefe, Bruyette & Woods raised shares of 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 report on Tuesday, December 10th. Wolfe Research raised shares of Jones Lang LaSalle from a “peer perform” rating to an “outperform” rating and set a $353.00 target price on the stock in a research report on Monday, November 25th. Finally, Raymond James raised their target price 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. Six research analysts have rated the stock with a buy rating and two have assigned a strong buy rating to the company. Based on data from MarketBeat, the company currently has a consensus rating of “Buy” and an average price target of $309.00.

Jones Lang LaSalle Stock Performance

Shares of JLL stock opened at $261.16 on Friday. The firm has a market cap of $12.38 billion, a price-to-earnings ratio of 23.13 and a beta of 1.36. The company’s 50 day moving average is $265.07 and its 200 day moving average is $263.09. The company has a quick ratio of 2.29, a current ratio of 2.00 and a debt-to-equity ratio of 0.12. Jones Lang LaSalle Incorporated has a 52-week low of $171.45 and a 52-week high of $288.50.

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

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.