WCM Investment Management LLC Has $4.92 Million Stock Holdings in Jones Lang LaSalle Incorporated (NYSE:JLL)

WCM Investment Management LLC lowered its position in shares of Jones Lang LaSalle Incorporated (NYSE:JLL) by 5.5% in the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 19,491 shares of the financial services provider’s stock after selling 1,124 shares during the quarter. WCM Investment Management LLC’s holdings in Jones Lang LaSalle were worth $4,915,000 at the end of the most recent reporting period.

Several other hedge funds have also added to or reduced their stakes in JLL. Huntington National Bank lifted its position in Jones Lang LaSalle by 22.9% during the 3rd quarter. Huntington National Bank now owns 204 shares of the financial services provider’s stock valued at $55,000 after purchasing an additional 38 shares during the period. CIBC Asset Management Inc lifted its holdings in Jones Lang LaSalle by 3.5% in the third quarter. CIBC Asset Management Inc now owns 1,375 shares of the financial services provider’s stock valued at $371,000 after buying an additional 47 shares during the period. Greenleaf Trust boosted its stake in Jones Lang LaSalle by 3.0% in the fourth quarter. Greenleaf Trust now owns 1,617 shares of the financial services provider’s stock valued at $409,000 after acquiring an additional 47 shares during the last quarter. MassMutual Private Wealth & Trust FSB raised its position in shares of Jones Lang LaSalle by 35.7% during the 4th quarter. MassMutual Private Wealth & Trust FSB now owns 194 shares of the financial services provider’s stock valued at $49,000 after acquiring an additional 51 shares during the last quarter. Finally, First Bank & Trust lifted its stake in shares of Jones Lang LaSalle by 2.5% in the 3rd quarter. First Bank & Trust now owns 2,251 shares of the financial services provider’s stock valued at $607,000 after purchasing an additional 54 shares during the period. Institutional investors own 94.80% of the company’s stock.

Jones Lang LaSalle Trading Down 1.5 %

JLL opened at $278.48 on Monday. The firm’s fifty day simple moving average is $264.66 and its 200 day simple moving average is $260.94. The stock has a market capitalization of $13.21 billion, a P/E ratio of 28.16 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 12 month low of $169.05 and a 12 month high of $288.50.

Analyst Ratings Changes

A number of research firms recently commented on JLL. Wolfe Research upgraded Jones Lang LaSalle from a “peer perform” rating to an “outperform” rating and set a $353.00 price objective for the company in a report on Monday, November 25th. Keefe, Bruyette & Woods upgraded shares of Jones Lang LaSalle from a “market perform” rating to an “outperform” rating and increased their price target for the company from $292.00 to $325.00 in a research report on Tuesday, December 10th. JPMorgan Chase & Co. boosted their price objective on shares of Jones Lang LaSalle from $263.00 to $327.00 and gave the company an “overweight” rating in a report on Monday, December 16th. Raymond James increased their target price on shares of Jones Lang LaSalle from $317.00 to $320.00 and gave the stock a “strong-buy” rating in a report on Friday, January 24th. Finally, The Goldman Sachs Group started coverage on shares of Jones Lang LaSalle in a research report on Friday, December 6th. They issued a “buy” rating and a $352.00 price objective for the company. Six equities research analysts have rated the stock with a buy rating and two have issued a strong buy rating to the company. According to data from MarketBeat, the stock presently has an average rating of “Buy” and a consensus price target of $309.00.

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.