Profund Advisors LLC Cuts Stake in Jones Lang LaSalle Inc (NYSE:JLL)

Profund Advisors LLC lessened its stake in shares of Jones Lang LaSalle Inc (NYSE:JLL) by 6.3% during the fourth quarter, according to the company in its most recent disclosure with the SEC. The fund owned 6,343 shares of the financial services provider’s stock after selling 425 shares during the quarter. Profund Advisors LLC’s holdings in Jones Lang LaSalle were worth $945,000 as of its most recent SEC filing.

Other institutional investors have also modified their holdings of the company. BlackRock Inc. boosted its position in Jones Lang LaSalle by 4.7% during the fourth quarter. BlackRock Inc. now owns 4,460,055 shares of the financial services provider’s stock valued at $664,236,000 after acquiring an additional 202,060 shares during the last quarter. Atlanta Capital Management Co. L L C raised its holdings in shares of Jones Lang LaSalle by 5.7% during the fourth quarter. Atlanta Capital Management Co. L L C now owns 1,549,343 shares of the financial services provider’s stock valued at $230,744,000 after purchasing an additional 83,657 shares during the period. Dimensional Fund Advisors LP raised its holdings in shares of Jones Lang LaSalle by 9.6% during the third quarter. Dimensional Fund Advisors LP now owns 628,395 shares of the financial services provider’s stock valued at $77,608,000 after purchasing an additional 55,020 shares during the period. Bank of New York Mellon Corp raised its holdings in shares of 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 valued at $75,070,000 after purchasing an additional 12,871 shares during the period. Finally, New York State Common Retirement Fund raised its holdings in shares of Jones Lang LaSalle by 0.3% during the third quarter. New York State Common Retirement Fund now owns 596,435 shares of the financial services provider’s stock valued at $73,660,000 after purchasing an additional 1,597 shares during the period. 92.23% of the stock is currently owned by institutional investors.

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JLL has been the topic of a number of analyst reports. ValuEngine upgraded shares of Jones Lang LaSalle from a “hold” rating to a “buy” rating in a report on Friday, February 2nd. JMP Securities downgraded shares of Jones Lang LaSalle from an “outperform” rating to a “market perform” rating in a research report on Wednesday, January 24th. Barclays upped their price objective on shares of Jones Lang LaSalle from $150.00 to $170.00 and gave the stock an “overweight” rating in a research report on Tuesday, January 30th. Wedbush set a $158.00 target price on shares of Jones Lang LaSalle and gave the company a “hold” rating in a research report on Monday, February 12th. Finally, Zacks Investment Research raised shares of Jones Lang LaSalle from a “hold” rating to a “buy” rating and set a $170.00 price objective for the company in a report on Monday, February 5th. Seven research analysts have rated the stock with a hold rating and seven have given a buy rating to the company’s stock. Jones Lang LaSalle has an average rating of “Buy” and an average price target of $158.50.

In other Jones Lang LaSalle news, EVP Mark Ohringer sold 5,000 shares of the firm’s stock in a transaction on Friday, March 2nd. The shares were sold at an average price of $160.13, for a total value of $800,650.00. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. 0.72% of the stock is owned by company insiders.

Shares of Jones Lang LaSalle stock traded down $2.84 on Friday, hitting $171.34. 377,805 shares of the company traded hands, compared to its average volume of 378,373. The stock has a market cap of $7,909.35, a P/E ratio of 18.71, a price-to-earnings-growth ratio of 1.59 and a beta of 1.65. Jones Lang LaSalle Inc has a 12-month low of $103.58 and a 12-month high of $178.75. The company has a debt-to-equity ratio of 0.21, a quick ratio of 1.34 and a current ratio of 1.34.

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, topping analysts’ consensus estimates of $4.22 by $0.70. The company had revenue of $2.54 billion for the quarter, compared to analysts’ expectations of $2.29 billion. Jones Lang LaSalle had a net margin of 3.20% and a return on equity of 13.55%. The firm’s revenue was up 17.5% compared to the same quarter last year. During the same quarter last year, the company earned $3.95 EPS. analysts predict that Jones Lang LaSalle Inc will post 9.95 earnings per share for the current year.

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Jones Lang LaSalle Profile

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.

Institutional Ownership by Quarter for Jones Lang LaSalle (NYSE:JLL)

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