Jones Lang LaSalle Incorporated (NYSE:JLL) Shares Sold by Duality Advisers LP

Duality Advisers LP trimmed its holdings in shares of Jones Lang LaSalle Incorporated (NYSE:JLL) by 4.7% during the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 6,047 shares of the financial services provider’s stock after selling 296 shares during the period. Duality Advisers LP’s holdings in Jones Lang LaSalle were worth $1,180,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of JLL. Morgan Stanley increased its stake in shares of Jones Lang LaSalle by 2.1% in the third quarter. Morgan Stanley now owns 1,673,462 shares of the financial services provider’s stock worth $236,260,000 after buying an additional 35,004 shares during the last quarter. Dimensional Fund Advisors LP increased 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 valued at $269,512,000 after purchasing an additional 142,887 shares during the last quarter. Boston Trust Walden Corp increased 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 valued at $134,142,000 after purchasing an additional 120,105 shares during the last quarter. Price T Rowe Associates Inc. MD increased its stake in Jones Lang LaSalle by 84.8% during the fourth quarter. Price T Rowe Associates Inc. MD now owns 589,128 shares of the financial services provider’s stock valued at $111,270,000 after purchasing an additional 270,404 shares during the last quarter. Finally, Norges Bank bought a new stake in Jones Lang LaSalle during the fourth quarter valued at $97,222,000. 94.80% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several analysts have weighed in on the stock. StockNews.com upgraded shares of Jones Lang LaSalle from a “buy” rating to a “strong-buy” rating in a research note on Wednesday. Jefferies Financial Group started coverage on shares of Jones Lang LaSalle in a report on Wednesday, April 10th. They set a “buy” rating and a $246.00 price target for the company. JPMorgan Chase & Co. boosted their price target on shares of Jones Lang LaSalle from $215.00 to $230.00 and gave the company an “overweight” rating in a report on Friday, June 21st. Raymond James raised shares of Jones Lang LaSalle from an “outperform” rating to a “strong-buy” rating and boosted their price target for the company from $218.00 to $246.00 in a report on Wednesday, April 3rd. Finally, Keefe, Bruyette & Woods upped 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 research analysts have rated the stock with a hold rating, three have given a buy rating and two have issued a strong buy rating to the company. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus price target of $223.33.

Jones Lang LaSalle Stock Performance

Shares of JLL traded up $8.03 during mid-day trading on Friday, hitting $225.49. The company’s stock had a trading volume of 210,026 shares, compared to its average volume of 271,266. Jones Lang LaSalle Incorporated has a one year low of $119.46 and a one year high of $225.72. The company has a debt-to-equity ratio of 0.34, a quick ratio of 2.35 and a current ratio of 2.35. The firm has a market capitalization of $10.72 billion, a PE ratio of 36.14 and a beta of 1.38. The stock’s 50-day moving average is $201.48 and its two-hundred day moving average is $189.36.

Jones Lang LaSalle (NYSE:JLL) last released its quarterly earnings data on Monday, May 6th. The financial services provider reported $1.78 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.85 by $0.93. The firm had revenue of $5.12 billion during the quarter, compared to analyst estimates of $4.82 billion. Jones Lang LaSalle had a return on equity of 6.55% and a net margin of 1.42%. The business’s revenue for the quarter was up 8.7% compared to the same quarter last year. During the same period in the prior year, the company posted $0.65 earnings per share. As a group, sell-side analysts anticipate that Jones Lang LaSalle Incorporated will post 12.36 EPS for the current year.

About Jones Lang LaSalle

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.