Orion Portfolio Solutions LLC Sells 489 Shares of Jones Lang LaSalle Incorporated (NYSE:JLL)

Orion Portfolio Solutions LLC lessened its holdings in shares of Jones Lang LaSalle Incorporated (NYSE:JLL) by 4.5% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 10,455 shares of the financial services provider’s stock after selling 489 shares during the period. Orion Portfolio Solutions LLC’s holdings in Jones Lang LaSalle were worth $2,647,000 as of its most recent filing with the SEC.

Other institutional investors also recently modified their holdings of the company. Private Trust Co. NA lifted its stake in shares of Jones Lang LaSalle by 112.0% in the fourth quarter. Private Trust Co. NA now owns 106 shares of the financial services provider’s stock worth $27,000 after acquiring an additional 56 shares during the period. R Squared Ltd acquired a new position in shares of Jones Lang LaSalle in the 4th quarter worth approximately $35,000. Principal Securities Inc. boosted 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 during the last quarter. MassMutual Private Wealth & Trust FSB increased its position in shares of 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 buying an additional 51 shares during the period. Finally, V Square Quantitative Management LLC lifted its holdings in Jones Lang LaSalle by 52.9% in the fourth quarter. V Square Quantitative Management LLC now owns 208 shares of the financial services provider’s stock valued at $53,000 after buying an additional 72 shares during the period. Institutional investors own 94.80% of the company’s stock.

Wall Street Analyst Weigh In

A number of brokerages have weighed in on JLL. StockNews.com upgraded Jones Lang LaSalle from a “buy” rating to a “strong-buy” rating in a report on Saturday, March 22nd. JPMorgan Chase & Co. lifted their target price on Jones Lang LaSalle from $263.00 to $327.00 and gave the stock an “overweight” rating in a report on Monday, December 16th. Keefe, Bruyette & Woods upgraded Jones Lang LaSalle from a “market perform” rating to an “outperform” rating and increased their price target for the stock from $292.00 to $325.00 in a report on Tuesday, December 10th. Raymond James lifted 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 note on Friday, January 24th. Finally, The Goldman Sachs Group began coverage on shares of Jones Lang LaSalle in a report on Friday, December 6th. They issued a “buy” rating and a $352.00 price target for the company. Six equities research analysts have rated the stock with a buy rating and two have issued a strong buy rating to the stock. According to MarketBeat.com, the stock currently has an average rating of “Buy” and an average price target of $309.00.

Jones Lang LaSalle Stock Performance

Shares of JLL stock opened at $248.13 on Tuesday. Jones Lang LaSalle Incorporated has a 12 month low of $171.45 and a 12 month high of $288.50. The firm has a market capitalization of $11.76 billion, a PE ratio of 21.98 and a beta of 1.36. The firm has a fifty day simple moving average of $266.45 and a two-hundred day simple moving average of $264.67. The company has a current ratio of 2.00, a quick ratio of 2.29 and a debt-to-equity ratio of 0.12.

Jones Lang LaSalle (NYSE:JLL) last posted its earnings results on Wednesday, February 19th. The financial services provider reported $6.15 earnings per share for the quarter, topping analysts’ consensus estimates 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%. The firm’s revenue was up 15.8% compared to the same quarter last year. During the same quarter in the prior year, the business posted $4.23 EPS. Analysts forecast 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.