Jones Lang LaSalle Incorporated (NYSE:JLL) Shares Sold by Oppenheimer & Co. Inc.

Oppenheimer & Co. Inc. lowered its position in Jones Lang LaSalle Incorporated (NYSE:JLL) by 36.2% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,570 shares of the financial services provider’s stock after selling 890 shares during the quarter. Oppenheimer & Co. Inc.’s holdings in Jones Lang LaSalle were worth $397,000 at the end of the most recent quarter.

Other institutional investors have also recently added to or reduced their stakes in the company. Brooklyn Investment Group acquired a new stake in shares of Jones Lang LaSalle in the 3rd quarter valued at about $34,000. R Squared Ltd acquired a new stake in shares of Jones Lang LaSalle in the 4th quarter valued at about $35,000. Principal Securities Inc. raised its stake in shares of Jones Lang LaSalle by 166.7% in the 4th 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 in the last quarter. MassMutual Private Wealth & Trust FSB raised its stake in shares of 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 valued at $49,000 after purchasing an additional 51 shares in the last quarter. Finally, V Square Quantitative Management LLC raised its stake 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 in the last quarter. Institutional investors and hedge funds own 94.80% of the company’s stock.

Jones Lang LaSalle Price Performance

NYSE JLL opened at $250.29 on Friday. Jones Lang LaSalle Incorporated has a 52 week low of $171.45 and a 52 week high of $288.50. The company has a current ratio of 2.00, a quick ratio of 2.29 and a debt-to-equity ratio of 0.12. The stock has a market cap of $11.86 billion, a price-to-earnings ratio of 22.17 and a beta of 1.36. The company has a 50-day moving average price of $266.68 and a two-hundred day moving average price of $264.57.

Jones Lang LaSalle (NYSE:JLL) last posted its earnings results on Wednesday, February 19th. The financial services provider reported $6.15 EPS for the quarter, topping the consensus estimate 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 firm had revenue of $6.81 billion during the quarter, compared to analysts’ expectations of $6.65 billion. During the same quarter in the prior year, the firm earned $4.23 EPS. Jones Lang LaSalle’s quarterly revenue was up 15.8% on a year-over-year basis. Analysts forecast that Jones Lang LaSalle Incorporated will post 16.45 EPS for the current year.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently issued reports on JLL shares. StockNews.com upgraded shares of Jones Lang LaSalle from a “buy” rating to a “strong-buy” rating in a research note on Wednesday. JPMorgan Chase & Co. upped their target price on shares of Jones Lang LaSalle from $263.00 to $327.00 and gave the company an “overweight” rating in a research note on Monday, December 16th. The Goldman Sachs Group assumed coverage on shares of Jones Lang LaSalle in a research report on Friday, December 6th. They set a “buy” rating and a $352.00 price objective for the company. Keefe, Bruyette & Woods raised shares of Jones Lang LaSalle from a “market perform” rating to an “outperform” rating and boosted their price objective for the company from $292.00 to $325.00 in a research report on Tuesday, December 10th. Finally, Raymond James boosted their price objective on shares of 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. 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, the company currently has a consensus rating of “Buy” and a consensus target price of $309.00.

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.