Jones Lang LaSalle Incorporated (NYSE:JLL) Shares Sold by E. Ohman J or Asset Management AB

E. Ohman J or Asset Management AB trimmed its stake in Jones Lang LaSalle Incorporated (NYSE:JLL) by 24.3% during the fourth quarter, HoldingsChannel.com reports. The fund owned 3,740 shares of the financial services provider’s stock after selling 1,199 shares during the period. E. Ohman J or Asset Management AB’s holdings in Jones Lang LaSalle were worth $947,000 at the end of the most recent reporting period.

Other hedge funds have also modified their holdings of the company. Public Employees Retirement System of Ohio grew its holdings in shares of Jones Lang LaSalle by 42.1% in the 3rd quarter. Public Employees Retirement System of Ohio now owns 34,379 shares of the financial services provider’s stock worth $9,276,000 after acquiring an additional 10,186 shares during the last quarter. Boston Trust Walden Corp raised its position in Jones Lang LaSalle by 1.9% during the fourth quarter. Boston Trust Walden Corp now owns 305,768 shares of the financial services provider’s stock valued at $77,402,000 after buying an additional 5,663 shares during the period. Dorsey Wright & Associates acquired a new position in Jones Lang LaSalle during the third quarter valued at $4,276,000. Diversified Trust Co acquired a new position in Jones Lang LaSalle during the fourth quarter valued at $567,000. Finally, Private Client Services LLC acquired a new position in Jones Lang LaSalle during the fourth quarter valued at $1,817,000. 94.80% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several research firms recently weighed in on JLL. Raymond James upped their price target on Jones Lang LaSalle from $317.00 to $320.00 and gave the company a “strong-buy” rating in a research report on Friday, January 24th. Wolfe Research raised 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 report on Monday, November 25th. JPMorgan Chase & Co. boosted their target price on Jones Lang LaSalle from $263.00 to $327.00 and gave the company an “overweight” rating in a research note on Monday, December 16th. The Goldman Sachs Group initiated coverage on Jones Lang LaSalle in a research note on Friday, December 6th. They issued a “buy” rating and a $352.00 target price on the stock. Finally, Keefe, Bruyette & Woods upgraded Jones Lang LaSalle from a “market perform” rating to an “outperform” rating and boosted their target price for the company from $292.00 to $325.00 in a research note on Tuesday, December 10th. Six analysts have rated the stock with a buy rating and two have issued a strong buy rating to the company’s stock. According to data from MarketBeat.com, Jones Lang LaSalle presently has an average rating of “Buy” and an average target price of $309.00.

Jones Lang LaSalle Stock Performance

JLL opened at $285.12 on Thursday. The company has a market cap of $13.53 billion, a PE ratio of 28.83 and a beta of 1.36. The stock has a 50-day moving average of $264.69 and a 200-day moving average of $260.11. Jones Lang LaSalle Incorporated has a 52-week low of $168.36 and a 52-week high of $288.50. The company has a debt-to-equity ratio of 0.16, a quick ratio of 2.29 and a current ratio of 2.29.

Jones Lang LaSalle (NYSE:JLL) last released its quarterly earnings results on Wednesday, November 6th. The financial services provider reported $3.50 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.67 by $0.83. Jones Lang LaSalle had a return on equity of 8.95% and a net margin of 2.12%. The company had revenue of $5.87 billion during the quarter, compared to the consensus estimate of $5.62 billion. During the same quarter in the prior year, the company posted $2.01 EPS. The firm’s revenue was up 14.8% on a year-over-year basis. As a group, equities research analysts forecast that Jones Lang LaSalle Incorporated will post 13.6 earnings per share for the current fiscal 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.