Commerce Bank trimmed its stake in shares of Jones Lang LaSalle Inc (NYSE:JLL) by 69.3% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 1,343 shares of the financial services provider’s stock after selling 3,026 shares during the quarter. Commerce Bank’s holdings in Jones Lang LaSalle were worth $200,000 as of its most recent filing with the Securities and Exchange Commission.
Other institutional investors also recently bought and sold shares of the company. Pacer Advisors Inc. increased its position in Jones Lang LaSalle by 32.5% during the third quarter. Pacer Advisors Inc. now owns 7,932 shares of the financial services provider’s stock worth $980,000 after buying an additional 1,945 shares in the last quarter. California Public Employees Retirement System increased its position in Jones Lang LaSalle by 3.2% during the third quarter. California Public Employees Retirement System now owns 122,140 shares of the financial services provider’s stock worth $15,084,000 after buying an additional 3,840 shares in the last quarter. Prudential Financial Inc. increased its position in Jones Lang LaSalle by 51.5% during the third quarter. Prudential Financial Inc. now owns 344,739 shares of the financial services provider’s stock worth $42,575,000 after buying an additional 117,160 shares in the last quarter. Bank of New York Mellon Corp increased its position in Jones Lang LaSalle by 2.2% during the third quarter. Bank of New York Mellon Corp now owns 607,855 shares of the financial services provider’s stock worth $75,070,000 after buying an additional 12,871 shares in the last quarter. Finally, Sei Investments Co. increased its position in Jones Lang LaSalle by 31.7% during the third quarter. Sei Investments Co. now owns 20,364 shares of the financial services provider’s stock worth $2,516,000 after buying an additional 4,907 shares in the last quarter. 92.59% of the stock is owned by institutional investors.
Shares of Jones Lang LaSalle Inc (NYSE JLL) traded down $0.90 during trading on Wednesday, reaching $172.13. The company had a trading volume of 191,822 shares, compared to its average volume of 303,849. The company has a debt-to-equity ratio of 0.21, a quick ratio of 1.34 and a current ratio of 1.34. The company has a market capitalization of $7,781.75, a price-to-earnings ratio of 31.22, a P/E/G ratio of 1.58 and a beta of 1.74. Jones Lang LaSalle Inc has a 1 year low of $101.83 and a 1 year high of $173.94.
Jones Lang LaSalle (NYSE:JLL) last issued its earnings results on Wednesday, February 7th. The financial services provider reported $4.92 EPS for the quarter, beating the Zacks’ consensus estimate of $4.22 by $0.70. Jones Lang LaSalle had a return on equity of 13.55% and a net margin of 3.20%. The company had revenue of $2.54 billion during the quarter, compared to the consensus estimate of $2.29 billion. During the same period in the previous year, the firm posted $3.95 earnings per share. Jones Lang LaSalle’s quarterly revenue was up 17.5% compared to the same quarter last year. equities analysts anticipate that Jones Lang LaSalle Inc will post 9.85 EPS for the current year.
Several research firms have recently issued reports on JLL. Wedbush set a $158.00 price objective on Jones Lang LaSalle and gave the stock a “hold” rating in a report on Monday, February 12th. Barclays lifted their target price on Jones Lang LaSalle from $170.00 to $175.00 and gave the company an “overweight” rating in a report on Tuesday, March 6th. ValuEngine upgraded Jones Lang LaSalle from a “hold” rating to a “buy” rating in a report on Sunday, December 31st. Zacks Investment Research lowered Jones Lang LaSalle from a “buy” rating to a “hold” rating in a research report on Friday, February 2nd. Finally, Raymond James Financial initiated coverage on Jones Lang LaSalle in a research report on Tuesday, February 6th. They issued an “outperform” rating and a $175.00 price objective on the stock. Six investment analysts have rated the stock with a hold rating and six have assigned a buy rating to the company’s stock. Jones Lang LaSalle currently has an average rating of “Buy” and a consensus price target of $152.00.
In other news, EVP Mark Ohringer sold 5,000 shares of the business’s stock in a transaction that occurred on Friday, March 2nd. The stock was sold at an average price of $160.13, for a total transaction of $800,650.00. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Insiders own 0.72% of the company’s stock.
About Jones Lang LaSalle
Jones Lang LaSalle Incorporated (JLL) is a financial and professional services company specializing in real estate. The Company operates through four business segments: Americas; Europe, Middle East and Africa (EMEA); Asia Pacific, and LaSalle. It offers integrated services on a local, regional and global basis to owner, occupier, investor and developer clients.
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