Connor Clark & Lunn Investment Management Ltd. Has $2.36 Million Position in Jones Lang LaSalle Incorporated (NYSE:JLL)

Connor Clark & Lunn Investment Management Ltd. trimmed its holdings in shares of Jones Lang LaSalle Incorporated (NYSE:JLL) by 12.4% in the fourth quarter, HoldingsChannel reports. The institutional investor owned 9,320 shares of the financial services provider’s stock after selling 1,315 shares during the period. Connor Clark & Lunn Investment Management Ltd.’s holdings in Jones Lang LaSalle were worth $2,359,000 as of its most recent SEC filing.

Other hedge funds also recently modified their holdings of the company. Private Trust Co. NA raised its position in Jones Lang LaSalle by 112.0% during 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 in the last quarter. Brooklyn Investment Group bought 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 Jones Lang LaSalle in the 4th quarter valued at about $35,000. Principal Securities Inc. grew its holdings in Jones Lang LaSalle by 166.7% during 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 period. Finally, MassMutual Private Wealth & Trust FSB raised its stake in Jones Lang LaSalle by 35.7% in the fourth quarter. MassMutual Private Wealth & Trust FSB now owns 194 shares of the financial services provider’s stock valued at $49,000 after buying an additional 51 shares during the period. Institutional investors own 94.80% of the company’s stock.

Jones Lang LaSalle Stock Performance

NYSE JLL opened at $247.77 on Wednesday. The firm has a 50-day moving average price of $265.91 and a two-hundred day moving average price of $264.56. 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 capitalization of $11.74 billion, a P/E ratio of 21.95 and a beta of 1.36. The company has a quick ratio of 2.29, a current ratio of 2.00 and a debt-to-equity ratio of 0.12.

Jones Lang LaSalle (NYSE:JLL) last issued its quarterly earnings results on Wednesday, February 19th. The financial services provider reported $6.15 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $5.76 by $0.39. The business had revenue of $6.81 billion for the quarter, compared to the consensus estimate of $6.65 billion. Jones Lang LaSalle had a return on equity of 10.20% and a net margin of 2.33%. The firm’s quarterly 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 earnings per share. Analysts anticipate that Jones Lang LaSalle Incorporated will post 16.45 earnings per share for the current year.

Wall Street Analyst Weigh In

Several brokerages have recently commented on JLL. Wolfe Research upgraded Jones Lang LaSalle from a “peer perform” rating to an “outperform” rating and set a $353.00 target price for the company in a research note on Monday, November 25th. The Goldman Sachs Group started coverage on shares of Jones Lang LaSalle in a report on Friday, December 6th. They issued a “buy” rating and a $352.00 price objective on the stock. 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 research note on Monday, December 16th. StockNews.com lowered shares of Jones Lang LaSalle from a “strong-buy” rating to a “buy” rating in a research note on Friday, March 14th. Finally, Keefe, Bruyette & Woods upgraded 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 research report on Tuesday, December 10th. Seven investment analysts have rated the stock with a buy rating and one has given a strong buy rating to the company’s stock. According to MarketBeat, the stock has an average rating of “Buy” and a consensus price target 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.