Jones Lang LaSalle Incorporated (NYSE:JLL) Shares Sold by Hunter Perkins Capital Management LLC

Hunter Perkins Capital Management LLC lowered its holdings in shares of Jones Lang LaSalle Incorporated (NYSE:JLL) by 19.8% during the 4th quarter, Holdings Channel reports. The fund owned 2,245 shares of the financial services provider’s stock after selling 555 shares during the period. Hunter Perkins Capital Management LLC’s holdings in Jones Lang LaSalle were worth $568,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors also recently added to or reduced their stakes in the business. Public Employees Retirement System of Ohio raised its stake in shares of Jones Lang LaSalle by 42.1% during the third quarter. Public Employees Retirement System of Ohio now owns 34,379 shares of the financial services provider’s stock valued at $9,276,000 after purchasing an additional 10,186 shares in the last quarter. Dorsey Wright & Associates acquired a new position in Jones Lang LaSalle during the 3rd quarter valued at about $4,276,000. Diversified Trust Co bought a new stake in shares of Jones Lang LaSalle during the 4th quarter worth about $567,000. Private Client Services LLC bought a new position in shares of Jones Lang LaSalle in the fourth quarter valued at approximately $1,817,000. Finally, JPMorgan Chase & Co. increased its stake in shares of Jones Lang LaSalle by 39.1% during the third quarter. JPMorgan Chase & Co. now owns 196,705 shares of the financial services provider’s stock valued at $53,073,000 after acquiring an additional 55,322 shares during the period. Institutional investors and hedge funds own 94.80% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research firms have weighed in on JLL. JPMorgan Chase & Co. upped their target price on Jones Lang LaSalle from $263.00 to $327.00 and gave the stock an “overweight” rating in a research report on Monday, December 16th. The Goldman Sachs Group started 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 lifted their target price on Jones Lang LaSalle from $317.00 to $320.00 and gave the stock a “strong-buy” rating in a report on Friday. Wolfe Research raised shares of Jones Lang LaSalle from a “peer perform” rating to an “outperform” rating and set a $353.00 price target for the company in a report on Monday, November 25th. Finally, Keefe, Bruyette & Woods raised shares of Jones Lang LaSalle from a “market perform” rating to an “outperform” rating and lifted their price objective for the stock from $292.00 to $325.00 in a research note on Tuesday, December 10th. Six investment 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 an average target price of $309.00.

Jones Lang LaSalle Price Performance

JLL stock opened at $276.26 on Monday. The firm has a 50-day moving average of $262.63 and a two-hundred day moving average of $257.34. The firm has a market capitalization of $13.11 billion, a PE ratio of 27.93 and a beta of 1.36. The company has a current ratio of 2.29, a quick ratio of 2.29 and a debt-to-equity ratio of 0.16. Jones Lang LaSalle Incorporated has a one year low of $168.36 and a one year high of $288.50.

Jones Lang LaSalle (NYSE:JLL) last posted its quarterly earnings data on Wednesday, November 6th. The financial services provider reported $3.50 EPS for the quarter, topping analysts’ consensus estimates of $2.67 by $0.83. The firm had revenue of $5.87 billion during the quarter, compared to analyst estimates of $5.62 billion. Jones Lang LaSalle had a net margin of 2.12% and a return on equity of 8.95%. The company’s revenue was up 14.8% on a year-over-year basis. During the same quarter last year, the business posted $2.01 EPS. On average, analysts forecast that Jones Lang LaSalle Incorporated will post 13.61 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.