Fragasso Financial Advisors Inc Sells 103 Shares of Jones Lang LaSalle Incorporated (NYSE:JLL)

Fragasso Financial Advisors Inc trimmed its position in Jones Lang LaSalle Incorporated (NYSE:JLL) by 2.7% in the 4th quarter, Holdings Channel reports. The firm owned 3,671 shares of the financial services provider’s stock after selling 103 shares during the quarter. Fragasso Financial Advisors Inc’s holdings in Jones Lang LaSalle were worth $929,000 at the end of the most recent reporting period.

Several other large investors have also recently bought and sold shares of JLL. Brooklyn Investment Group bought a new position in Jones Lang LaSalle in the 3rd quarter valued at $34,000. UMB Bank n.a. lifted its holdings in shares of Jones Lang LaSalle by 350.0% during the 3rd quarter. UMB Bank n.a. now owns 135 shares of the financial services provider’s stock worth $36,000 after acquiring an additional 105 shares during the last quarter. V Square Quantitative Management LLC bought a new stake in shares of Jones Lang LaSalle during the 3rd quarter worth $37,000. Massmutual Trust Co. FSB ADV lifted its holdings in shares of Jones Lang LaSalle by 37.5% during the 3rd quarter. Massmutual Trust Co. FSB ADV now owns 143 shares of the financial services provider’s stock worth $39,000 after acquiring an additional 39 shares during the last quarter. Finally, Huntington National Bank lifted its holdings in shares of Jones Lang LaSalle by 22.9% during the 3rd quarter. Huntington National Bank now owns 204 shares of the financial services provider’s stock worth $55,000 after acquiring an additional 38 shares during the last quarter. 94.80% of the stock is owned by institutional investors.

Jones Lang LaSalle Trading Down 0.5 %

Shares of JLL traded down $1.18 during trading hours on Monday, reaching $237.00. 111,600 shares of the company traded hands, compared to its average volume of 280,461. The company’s fifty day moving average price is $264.00 and its two-hundred day moving average price is $253.38. The company has a market capitalization of $11.24 billion, a price-to-earnings ratio of 23.96 and a beta of 1.36. The company has a quick ratio of 2.29, a current ratio of 2.29 and a debt-to-equity ratio of 0.16. Jones Lang LaSalle Incorporated has a 12 month low of $167.11 and a 12 month high of $288.50.

Jones Lang LaSalle (NYSE:JLL) last posted its quarterly earnings data on Wednesday, November 6th. The financial services provider reported $3.50 EPS for the quarter, topping the consensus estimate of $2.67 by $0.83. Jones Lang LaSalle had a net margin of 2.12% and a return on equity of 8.95%. The business had revenue of $5.87 billion for the quarter, compared to analyst estimates of $5.62 billion. During the same quarter in the previous year, the firm posted $2.01 earnings per share. Jones Lang LaSalle’s quarterly revenue was up 14.8% on a year-over-year basis. Equities research analysts predict that Jones Lang LaSalle Incorporated will post 13.37 earnings per share for the current fiscal year.

Analyst Ratings Changes

JLL has been the subject of a number of research analyst reports. JPMorgan Chase & Co. lifted their price objective on shares of Jones Lang LaSalle from $263.00 to $327.00 and gave the stock an “overweight” rating in a report on Monday, December 16th. Wolfe Research upgraded shares of Jones Lang LaSalle from a “peer perform” rating to an “outperform” rating and set a $353.00 target price on the stock in a research report on Monday, November 25th. The Goldman Sachs Group initiated coverage on shares of Jones Lang LaSalle in a research report on Friday, December 6th. They issued a “buy” rating and a $352.00 target price on the stock. Finally, Keefe, Bruyette & Woods upgraded shares of Jones Lang LaSalle from a “market perform” rating to an “outperform” rating and lifted their target price for the stock from $292.00 to $325.00 in a research report on Tuesday, December 10th. Six investment analysts have rated the stock with a buy rating and two have given a strong buy rating to the company’s stock. According to data from MarketBeat, the company has an average rating of “Buy” and a consensus target price of $301.57.

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.