Jones Lang LaSalle Incorporated (NYSE:JLL) Shares Sold by Sepio Capital LP

Sepio Capital LP trimmed its holdings in Jones Lang LaSalle Incorporated (NYSE:JLL) by 16.8% in the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 4,525 shares of the financial services provider’s stock after selling 911 shares during the period. Sepio Capital LP’s holdings in Jones Lang LaSalle were worth $855,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds have also modified their holdings of JLL. Norges Bank acquired a new stake in shares of Jones Lang LaSalle in the fourth quarter valued at about $97,222,000. Dimensional Fund Advisors LP boosted its stake in Jones Lang LaSalle by 11.1% during the fourth quarter. Dimensional Fund Advisors LP now owns 1,426,954 shares of the financial services provider’s stock worth $269,512,000 after buying an additional 142,887 shares during the period. Boston Trust Walden Corp boosted its stake in Jones Lang LaSalle by 20.4% during the fourth quarter. Boston Trust Walden Corp now owns 710,236 shares of the financial services provider’s stock worth $134,142,000 after buying an additional 120,105 shares during the period. Wellington Management Group LLP purchased a new position in Jones Lang LaSalle during the third quarter worth about $14,415,000. Finally, Massachusetts Financial Services Co. MA boosted its stake in Jones Lang LaSalle by 8.8% during the third quarter. Massachusetts Financial Services Co. MA now owns 818,147 shares of the financial services provider’s stock worth $115,506,000 after buying an additional 66,014 shares during the period. 94.80% of the stock is currently owned by institutional investors and hedge funds.

Jones Lang LaSalle Stock Performance

Shares of Jones Lang LaSalle stock traded up $2.98 during trading on Friday, reaching $199.00. The company’s stock had a trading volume of 231,935 shares, compared to its average volume of 274,419. The company has a 50-day moving average price of $189.59 and a two-hundred day moving average price of $179.68. The firm has a market cap of $9.46 billion, a PE ratio of 31.99 and a beta of 1.43. Jones Lang LaSalle Incorporated has a fifty-two week low of $119.46 and a fifty-two week high of $209.79. The company has a current ratio of 2.35, a quick ratio of 2.35 and a debt-to-equity ratio of 0.34.

Jones Lang LaSalle (NYSE:JLL) last announced its earnings results on Monday, May 6th. The financial services provider reported $1.78 EPS for the quarter, beating analysts’ consensus estimates of $0.85 by $0.93. Jones Lang LaSalle had a net margin of 1.42% and a return on equity of 6.55%. The business had revenue of $5.12 billion for the quarter, compared to analysts’ expectations of $4.82 billion. During the same period in the previous year, the company posted $0.65 EPS. The company’s quarterly revenue was up 8.7% on a year-over-year basis. On average, analysts forecast that Jones Lang LaSalle Incorporated will post 12.14 EPS for the current year.

Analysts Set New Price Targets

Several research analysts have recently commented on JLL shares. TheStreet raised shares of Jones Lang LaSalle from a “c+” rating to a “b-” rating in a research note on Wednesday, February 14th. Wolfe Research reiterated a “peer perform” rating on shares of Jones Lang LaSalle in a research note on Tuesday, April 9th. StockNews.com raised shares of Jones Lang LaSalle from a “buy” rating to a “strong-buy” rating in a report on Thursday, May 16th. Jefferies Financial Group initiated coverage on shares of Jones Lang LaSalle in a report on Wednesday, April 10th. They set a “buy” rating and a $246.00 price objective on the stock. Finally, Keefe, Bruyette & Woods raised their price objective on shares of Jones Lang LaSalle from $190.00 to $200.00 and gave the stock a “market perform” rating in a report on Wednesday, May 8th. Three analysts have rated the stock with a hold rating, two have assigned a buy rating and two have given a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average target price of $214.00.

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.