Jones Lang LaSalle Incorporated (NYSE:JLL) Stock Position Trimmed by Camelot Portfolios LLC

Camelot Portfolios LLC decreased its position in Jones Lang LaSalle Incorporated (NYSE:JLL) by 18.4% in the 4th quarter, Holdings Channel.com reports. The firm owned 1,624 shares of the financial services provider’s stock after selling 367 shares during the period. Camelot Portfolios LLC’s holdings in Jones Lang LaSalle were worth $411,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors also recently made changes to their positions in JLL. Huntington National Bank grew its stake in shares of Jones Lang LaSalle by 22.9% in the 3rd quarter. Huntington National Bank now owns 204 shares of the financial services provider’s stock worth $55,000 after purchasing an additional 38 shares during the last quarter. Hudson Edge Investment Partners Inc. boosted its holdings in shares of Jones Lang LaSalle by 3.1% in the fourth quarter. Hudson Edge Investment Partners Inc. now owns 1,332 shares of the financial services provider’s stock worth $337,000 after buying an additional 40 shares during the period. CIBC Asset Management Inc increased its position in shares of 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 worth $371,000 after acquiring an additional 47 shares in the last quarter. Greenleaf Trust lifted its position in shares of Jones Lang LaSalle by 3.0% in the 4th 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 in the last quarter. Finally, MassMutual Private Wealth & Trust FSB boosted its stake in Jones Lang LaSalle by 35.7% in the 4th quarter. MassMutual Private Wealth & Trust FSB now owns 194 shares of the financial services provider’s stock worth $49,000 after purchasing an additional 51 shares during the period. Institutional investors and hedge funds own 94.80% of the company’s stock.

Jones Lang LaSalle Stock Down 4.1 %

Shares of JLL stock opened at $261.16 on Friday. The stock has a market cap of $12.38 billion, a P/E ratio of 23.13 and a beta of 1.36. The company has a debt-to-equity ratio of 0.12, a current ratio of 2.00 and a quick ratio of 2.29. The stock has a fifty day moving average price of $265.07 and a 200 day moving average price of $262.88. Jones Lang LaSalle Incorporated has a one year low of $171.45 and a one year high of $288.50.

Jones Lang LaSalle (NYSE:JLL) last issued its earnings results on Wednesday, February 19th. The financial services provider reported $6.15 earnings per share for the quarter, beating the consensus estimate of $5.76 by $0.39. Jones Lang LaSalle had a net margin of 2.33% and a return on equity of 10.20%. The business had revenue of $6.81 billion for the quarter, compared to analyst estimates of $6.65 billion. During the same period in the previous year, the business earned $4.23 EPS. The firm’s revenue was up 15.8% on a year-over-year basis. Analysts predict that Jones Lang LaSalle Incorporated will post 16.45 earnings per share for the current year.

Wall Street Analysts Forecast Growth

JLL has been the subject of a number of research analyst reports. Wolfe Research upgraded Jones Lang LaSalle from a “peer perform” rating to an “outperform” rating and set a $353.00 target price for the company in a report on Monday, November 25th. Raymond James increased their price objective on Jones Lang LaSalle from $317.00 to $320.00 and gave the stock a “strong-buy” rating in a research note on Friday, January 24th. JPMorgan Chase & Co. lifted their target price on Jones Lang LaSalle from $263.00 to $327.00 and gave the company an “overweight” rating in a research note on Monday, December 16th. The Goldman Sachs Group initiated coverage on shares of Jones Lang LaSalle in a research note on Friday, December 6th. They set a “buy” rating and a $352.00 price target on the stock. Finally, Keefe, Bruyette & Woods raised shares of Jones Lang LaSalle from a “market perform” rating to an “outperform” rating and upped their price objective for the stock from $292.00 to $325.00 in a 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 MarketBeat, the company presently has an average rating of “Buy” and an average target price of $309.00.

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.