Fort Washington Investment Advisors Inc. OH Sells 3,080 Shares of Jones Lang LaSalle Incorporated (NYSE:JLL)

Fort Washington Investment Advisors Inc. OH lowered its holdings in Jones Lang LaSalle Incorporated (NYSE:JLL) by 0.7% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 412,090 shares of the financial services provider’s stock after selling 3,080 shares during the period. Fort Washington Investment Advisors Inc. OH owned about 0.87% of Jones Lang LaSalle worth $104,316,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. FMR LLC raised its holdings in Jones Lang LaSalle by 15.0% during the third quarter. FMR LLC now owns 3,530,720 shares of the financial services provider’s stock worth $952,624,000 after acquiring an additional 459,466 shares in the last quarter. Select Equity Group L.P. bought a new stake in shares of Jones Lang LaSalle during the 2nd quarter worth approximately $55,152,000. International Assets Investment Management LLC boosted its holdings in shares of Jones Lang LaSalle by 167,988.5% in the 3rd quarter. International Assets Investment Management LLC now owns 146,237 shares of the financial services provider’s stock valued at $39,456,000 after buying an additional 146,150 shares during the last quarter. Artemis Investment Management LLP increased its holdings in Jones Lang LaSalle by 43.0% during the third quarter. Artemis Investment Management LLP now owns 331,514 shares of the financial services provider’s stock worth $89,446,000 after buying an additional 99,613 shares during the last quarter. Finally, Lord Abbett & CO. LLC bought a new stake in Jones Lang LaSalle during the third quarter worth $24,283,000. 94.80% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several research analysts have recently weighed in on the stock. JPMorgan Chase & Co. boosted their price objective 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. The Goldman Sachs Group started coverage on Jones Lang LaSalle in a research report on Friday, December 6th. They set a “buy” rating and a $352.00 price target on the stock. Keefe, Bruyette & Woods upgraded Jones Lang LaSalle from a “market perform” rating to an “outperform” rating and lifted their target price for the stock from $292.00 to $325.00 in a research note on Tuesday, December 10th. Finally, Wolfe Research upgraded Jones Lang LaSalle from a “peer perform” rating to an “outperform” rating and set a $353.00 price target on the stock in a research note on Monday, November 25th. Six investment analysts have rated the stock with a buy rating and two have given a strong buy rating to the stock. According to data from MarketBeat, Jones Lang LaSalle has a consensus rating of “Buy” and a consensus price target of $301.57.

Jones Lang LaSalle Stock Up 3.5 %

JLL stock opened at $270.85 on Wednesday. The business’s fifty day moving average price is $262.06 and its two-hundred day moving average price is $255.92. The stock has a market capitalization of $12.85 billion, a price-to-earnings ratio of 27.39 and a beta of 1.36. Jones Lang LaSalle Incorporated has a fifty-two week low of $168.36 and a fifty-two week high of $288.50. The company has a debt-to-equity ratio of 0.16, a current ratio of 2.29 and a quick ratio of 2.29.

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