Richwood Investment Advisors LLC Sells 280 Shares of Jones Lang LaSalle Incorporated (NYSE:JLL)

Richwood Investment Advisors LLC cut its position in Jones Lang LaSalle Incorporated (NYSE:JLL) by 16.7% in the fourth quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 1,398 shares of the financial services provider’s stock after selling 280 shares during the quarter. Richwood Investment Advisors LLC’s holdings in Jones Lang LaSalle were worth $354,000 at the end of the most recent reporting period.

Other large investors have also added to or reduced their stakes in the company. Private Trust Co. NA raised its holdings in Jones Lang LaSalle by 112.0% in the fourth quarter. Private Trust Co. NA now owns 106 shares of the financial services provider’s stock worth $27,000 after purchasing an additional 56 shares in the last quarter. Brooklyn Investment Group bought a new position in Jones Lang LaSalle in the third quarter worth about $34,000. R Squared Ltd bought a new position in Jones Lang LaSalle in the fourth quarter worth about $35,000. Principal Securities Inc. raised its holdings in Jones Lang LaSalle by 166.7% in the fourth quarter. Principal Securities Inc. now owns 176 shares of the financial services provider’s stock worth $45,000 after purchasing an additional 110 shares in the last quarter. Finally, MassMutual Private Wealth & Trust FSB grew its stake in shares of Jones Lang LaSalle by 35.7% during the fourth quarter. MassMutual Private Wealth & Trust FSB now owns 194 shares of the financial services provider’s stock worth $49,000 after acquiring an additional 51 shares during the last quarter. 94.80% of the stock is currently owned by institutional investors.

Jones Lang LaSalle Price Performance

Shares of NYSE JLL opened at $250.52 on Friday. The business’s 50 day moving average price is $266.39 and its 200 day moving average price is $264.47. The firm has a market cap of $11.87 billion, a P/E ratio of 22.19 and a beta of 1.36. Jones Lang LaSalle Incorporated has a 52 week low of $171.45 and a 52 week high of $288.50. The company has a quick ratio of 2.29, a current ratio of 2.00 and a debt-to-equity ratio of 0.12.

Jones Lang LaSalle (NYSE:JLL) last released its quarterly earnings data on Wednesday, February 19th. The financial services provider reported $6.15 EPS for the quarter, topping the consensus estimate of $5.76 by $0.39. Jones Lang LaSalle had a return on equity of 10.20% and a net margin of 2.33%. The business had revenue of $6.81 billion for the quarter, compared to analyst estimates of $6.65 billion. During the same quarter in the prior year, the firm posted $4.23 EPS. The business’s quarterly revenue was up 15.8% compared to the same quarter last year. On average, sell-side analysts expect that Jones Lang LaSalle Incorporated will post 16.45 earnings per share for the current year.

Wall Street Analyst Weigh In

A number of brokerages have recently weighed in on JLL. StockNews.com upgraded Jones Lang LaSalle from a “buy” rating to a “strong-buy” rating in a research note on Saturday. JPMorgan Chase & Co. boosted their price target on Jones Lang LaSalle from $263.00 to $327.00 and gave the stock an “overweight” rating in a research note on Monday, December 16th. Keefe, Bruyette & Woods upgraded Jones Lang LaSalle from a “market perform” rating to an “outperform” rating and boosted their price target for the stock from $292.00 to $325.00 in a research note on Tuesday, December 10th. Wolfe Research upgraded Jones Lang LaSalle from a “peer perform” rating to an “outperform” rating and set a $353.00 price target on the stock in a research note on Monday, November 25th. Finally, The Goldman Sachs Group began coverage on 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. Six research analysts have rated the stock with a buy rating and two have given a strong buy rating to the company. Based on data from MarketBeat, the stock presently has an average rating of “Buy” and a consensus price target 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.