First National Advisers LLC Has $1.31 Million Position in Jones Lang LaSalle Incorporated (NYSE:JLL)

First National Advisers LLC reduced its stake in shares of Jones Lang LaSalle Incorporated (NYSE:JLL) by 25.7% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 5,167 shares of the financial services provider’s stock after selling 1,789 shares during the quarter. First National Advisers LLC’s holdings in Jones Lang LaSalle were worth $1,308,000 as of its most recent SEC filing.

Several other hedge funds have also recently bought and sold shares of the stock. Huntington National Bank raised its stake in Jones Lang LaSalle by 22.9% during the third quarter. Huntington National Bank now owns 204 shares of the financial services provider’s stock worth $55,000 after acquiring an additional 38 shares in the last quarter. Hudson Edge Investment Partners Inc. grew its holdings in shares of Jones Lang LaSalle by 3.1% during the fourth quarter. Hudson Edge Investment Partners Inc. now owns 1,332 shares of the financial services provider’s stock worth $337,000 after purchasing an additional 40 shares during the last quarter. CIBC Asset Management Inc grew its holdings in shares of Jones Lang LaSalle by 3.5% during the third quarter. CIBC Asset Management Inc now owns 1,375 shares of the financial services provider’s stock worth $371,000 after purchasing an additional 47 shares during the last quarter. Greenleaf Trust grew its holdings in shares of Jones Lang LaSalle by 3.0% during the fourth quarter. Greenleaf Trust now owns 1,617 shares of the financial services provider’s stock worth $409,000 after purchasing an additional 47 shares during the last quarter. Finally, MassMutual Private Wealth & Trust FSB grew its holdings 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 purchasing an additional 51 shares during the last quarter. 94.80% of the stock is currently owned by institutional investors and hedge funds.

Jones Lang LaSalle Price Performance

Shares of JLL opened at $249.68 on Monday. The company has a current ratio of 2.00, a quick ratio of 2.29 and a debt-to-equity ratio of 0.12. Jones Lang LaSalle Incorporated has a 1 year low of $171.45 and a 1 year high of $288.50. The stock has a market cap of $11.83 billion, a P/E ratio of 22.12 and a beta of 1.36. The stock’s 50-day moving average price is $265.99 and its two-hundred day moving average price is $264.60.

Jones Lang LaSalle (NYSE:JLL) last issued its earnings results on Wednesday, February 19th. The financial services provider reported $6.15 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates 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 firm had revenue of $6.81 billion for the quarter, compared to analysts’ expectations of $6.65 billion. During the same quarter last year, the business earned $4.23 earnings per share. The company’s revenue was up 15.8% compared to the same quarter last year. On average, equities analysts predict that Jones Lang LaSalle Incorporated will post 16.45 earnings per share for the current year.

Analyst Upgrades and Downgrades

Several brokerages have recently commented on JLL. The Goldman Sachs Group began coverage on Jones Lang LaSalle in a report on Friday, December 6th. They set a “buy” rating and a $352.00 target price on the stock. Raymond James increased their target price on Jones Lang LaSalle from $317.00 to $320.00 and gave the stock a “strong-buy” rating in a report on Friday, January 24th. Keefe, Bruyette & Woods upgraded Jones Lang LaSalle from a “market perform” rating to an “outperform” rating and increased their target price for the stock from $292.00 to $325.00 in a report on Tuesday, December 10th. StockNews.com cut Jones Lang LaSalle from a “strong-buy” rating to a “buy” rating in a report on Friday. Finally, 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 report on Monday, November 25th. Seven equities research analysts have rated the stock with a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat, Jones Lang LaSalle has an average rating of “Buy” and an average target price of $309.00.

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.