Jones Lang LaSalle Incorporated (NYSE:JLL) Shares Sold by Crossmark Global Holdings Inc.

Crossmark Global Holdings Inc. lessened its stake in Jones Lang LaSalle Incorporated (NYSE:JLL) by 0.3% in the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 24,511 shares of the financial services provider’s stock after selling 68 shares during the period. Crossmark Global Holdings Inc.’s holdings in Jones Lang LaSalle were worth $6,204,000 at the end of the most recent quarter.

Other large investors have also recently bought and sold shares of the company. Public Employees Retirement System of Ohio boosted its holdings in shares of Jones Lang LaSalle by 42.1% in the third quarter. Public Employees Retirement System of Ohio now owns 34,379 shares of the financial services provider’s stock valued at $9,276,000 after acquiring an additional 10,186 shares in the last quarter. Dorsey Wright & Associates bought a new position in Jones Lang LaSalle during the 3rd quarter valued at $4,276,000. Diversified Trust Co bought a new stake in shares of Jones Lang LaSalle in the 4th quarter worth $567,000. Private Client Services LLC acquired a new stake in shares of Jones Lang LaSalle in the fourth quarter valued at $1,817,000. Finally, JPMorgan Chase & Co. boosted its stake in Jones Lang LaSalle by 39.1% during the third quarter. JPMorgan Chase & Co. now owns 196,705 shares of the financial services provider’s stock valued at $53,073,000 after buying an additional 55,322 shares in the last quarter. Institutional investors and hedge funds own 94.80% of the company’s stock.

Jones Lang LaSalle Stock Up 3.5 %

NYSE:JLL opened at $270.85 on Wednesday. Jones Lang LaSalle Incorporated has a 1-year low of $168.36 and a 1-year high of $288.50. The firm has a market capitalization of $12.85 billion, a price-to-earnings ratio of 27.39 and a beta of 1.36. The company has a current ratio of 2.29, a quick ratio of 2.29 and a debt-to-equity ratio of 0.16. The business’s fifty day moving average price is $262.06 and its 200 day moving average price is $255.92.

Jones Lang LaSalle (NYSE:JLL) last posted its quarterly earnings results 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. The business had revenue of $5.87 billion during the quarter, compared to analysts’ expectations of $5.62 billion. Jones Lang LaSalle had a net margin of 2.12% and a return on equity of 8.95%. The firm’s quarterly revenue was up 14.8% compared to the same quarter last year. During the same period last year, the company posted $2.01 earnings per share. On average, sell-side analysts forecast that Jones Lang LaSalle Incorporated will post 13.61 earnings per share for the current fiscal year.

Analyst Ratings Changes

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

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.