O Shaughnessy Asset Management LLC Decreases Position in Jones Lang LaSalle Incorporated (NYSE:JLL)

O Shaughnessy Asset Management LLC decreased its position in shares of Jones Lang LaSalle Incorporated (NYSE:JLL) by 14.1% during the fourth quarter, HoldingsChannel reports. The institutional investor owned 8,417 shares of the financial services provider’s stock after selling 1,378 shares during the period. O Shaughnessy Asset Management LLC’s holdings in Jones Lang LaSalle were worth $2,131,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently made changes to their positions in JLL. Norges Bank bought a new stake in shares of Jones Lang LaSalle in the 4th quarter worth $149,468,000. SG Americas Securities LLC increased its holdings in Jones Lang LaSalle by 7,967.8% in the 4th quarter. SG Americas Securities LLC now owns 279,065 shares of the financial services provider’s stock worth $70,643,000 after buying an additional 275,606 shares in the last quarter. William Blair Investment Management LLC bought a new position in Jones Lang LaSalle during the 4th quarter valued at about $29,271,000. Allspring Global Investments Holdings LLC boosted its holdings in shares of Jones Lang LaSalle by 688.4% during the 4th quarter. Allspring Global Investments Holdings LLC now owns 130,752 shares of the financial services provider’s stock valued at $32,603,000 after acquiring an additional 114,168 shares during the last quarter. Finally, Raymond James Financial Inc. bought a new stake in shares of Jones Lang LaSalle in the fourth quarter worth approximately $26,487,000. Institutional investors own 94.80% of the company’s stock.

Jones Lang LaSalle Trading Down 5.4 %

Shares of NYSE:JLL opened at $219.47 on Friday. Jones Lang LaSalle Incorporated has a 12-month low of $171.45 and a 12-month high of $288.50. The company has a market cap of $10.40 billion, a PE ratio of 19.44 and a beta of 1.36. The stock has a 50 day moving average of $263.62 and a 200 day moving average of $264.03. 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 announced its quarterly earnings data on Wednesday, February 19th. The financial services provider reported $6.15 EPS for the quarter, beating the consensus estimate of $5.76 by $0.39. The firm had revenue of $6.81 billion for the quarter, compared to the consensus estimate of $6.65 billion. Jones Lang LaSalle had a net margin of 2.33% and a return on equity of 10.20%. The company’s revenue was up 15.8% on a year-over-year basis. During the same period last year, the firm earned $4.23 EPS. As a group, equities research analysts expect that Jones Lang LaSalle Incorporated will post 16.45 EPS for the current year.

Analyst Ratings Changes

Several brokerages recently issued reports on JLL. 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 report on Monday, December 16th. The Goldman Sachs Group initiated coverage on Jones Lang LaSalle in a report on Friday, December 6th. They issued a “buy” rating and a $352.00 price objective for the company. Raymond James increased their target price on Jones Lang LaSalle from $317.00 to $320.00 and gave the company a “strong-buy” rating in a report on Friday, January 24th. StockNews.com upgraded Jones Lang LaSalle from a “buy” rating to a “strong-buy” rating in a research note on Saturday, March 22nd. Finally, Keefe, Bruyette & Woods raised shares of Jones Lang LaSalle from a “market perform” rating to an “outperform” rating and raised their price objective for the stock from $292.00 to $325.00 in a report on Tuesday, December 10th. Six research analysts have rated the stock with a buy rating and two have issued a strong buy rating to the company’s stock. According to MarketBeat.com, the stock currently has a consensus rating of “Buy” and a consensus price target of $309.00.

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.