American Century Companies Inc. Reduces Holdings in Jones Lang LaSalle Incorporated (NYSE:JLL)

American Century Companies Inc. lowered its stake in Jones Lang LaSalle Incorporated (NYSE:JLL) by 18.9% in the 4th quarter, according to its most recent disclosure with the SEC. The fund owned 76,888 shares of the financial services provider’s stock after selling 17,926 shares during the quarter. American Century Companies Inc. owned 0.16% of Jones Lang LaSalle worth $19,463,000 at the end of the most recent quarter.

A number of other institutional investors have also recently made changes to their positions in the stock. Private Trust Co. NA boosted its position in Jones Lang LaSalle by 112.0% during the 4th quarter. Private Trust Co. NA now owns 106 shares of the financial services provider’s stock valued at $27,000 after buying an additional 56 shares during the period. R Squared Ltd purchased a new stake in shares of Jones Lang LaSalle during the fourth quarter worth about $35,000. Principal Securities Inc. grew its stake in shares of Jones Lang LaSalle by 166.7% in the fourth quarter. Principal Securities Inc. now owns 176 shares of the financial services provider’s stock worth $45,000 after purchasing an additional 110 shares during the last quarter. MassMutual Private Wealth & Trust FSB raised its position in Jones Lang LaSalle by 35.7% during 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 during the last quarter. Finally, V Square Quantitative Management LLC lifted its holdings in 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 worth $53,000 after buying an additional 72 shares during the period. Hedge funds and other institutional investors own 94.80% of the company’s stock.

Analysts Set New Price Targets

A number of analysts recently commented on JLL shares. The Goldman Sachs Group initiated coverage on Jones Lang LaSalle in a research note on Friday, December 6th. They issued a “buy” rating and a $352.00 price target for the company. StockNews.com upgraded Jones Lang LaSalle from a “buy” rating to a “strong-buy” rating in a research note on Saturday, March 22nd. 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 stock from $292.00 to $325.00 in a research note on Tuesday, December 10th. JPMorgan Chase & Co. increased their target price on Jones Lang LaSalle from $263.00 to $327.00 and gave the stock an “overweight” rating in a research note on Monday, December 16th. Finally, Raymond James increased 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 research analysts have rated the stock with a buy rating and two have given a strong buy rating to the company. According to data from MarketBeat, Jones Lang LaSalle currently has a consensus rating of “Buy” and a consensus price target of $309.00.

Jones Lang LaSalle Stock Down 2.0 %

JLL opened at $245.52 on Monday. The company has a quick ratio of 2.29, a current ratio of 2.00 and a debt-to-equity ratio of 0.12. The stock has a market capitalization of $11.64 billion, a price-to-earnings ratio of 21.75 and a beta of 1.36. The firm has a 50 day moving average price of $266.72 and a 200-day moving average price of $264.69. Jones Lang LaSalle Incorporated has a twelve month low of $171.45 and a twelve month high of $288.50.

Jones Lang LaSalle (NYSE:JLL) last issued its quarterly earnings results on Wednesday, February 19th. The financial services provider reported $6.15 EPS for the quarter, topping analysts’ consensus estimates 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 business 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 business posted $4.23 earnings per share. The business’s quarterly revenue was up 15.8% on a year-over-year basis. Equities research analysts forecast that Jones Lang LaSalle Incorporated will post 16.45 earnings per share for the current year.

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.