Jones Lang LaSalle Incorporated (NYSE:JLL) Shares Sold by The Manufacturers Life Insurance Company

The Manufacturers Life Insurance Company lessened its stake in Jones Lang LaSalle Incorporated (NYSE:JLL) by 4.4% in the 3rd quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 43,486 shares of the financial services provider’s stock after selling 2,022 shares during the quarter. The Manufacturers Life Insurance Company owned approximately 0.09% of Jones Lang LaSalle worth $11,733,000 at the end of the most recent reporting period.

Other hedge funds have also recently modified their holdings of the company. Innealta Capital LLC acquired a new stake in Jones Lang LaSalle in the 2nd quarter valued at about $34,000. UMB Bank n.a. grew 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 purchasing an additional 105 shares during the period. V Square Quantitative Management LLC purchased a new stake in shares of Jones Lang LaSalle in the 3rd quarter valued at approximately $37,000. Massmutual Trust Co. FSB ADV raised its position in Jones Lang LaSalle by 37.5% in the third quarter. Massmutual Trust Co. FSB ADV now owns 143 shares of the financial services provider’s stock valued at $39,000 after purchasing an additional 39 shares during the period. Finally, Mather Group LLC. lifted its stake in Jones Lang LaSalle by 446.9% during the 2nd quarter. Mather Group LLC. now owns 268 shares of the financial services provider’s stock worth $52,000 after acquiring an additional 219 shares in the last quarter. Institutional investors and hedge funds own 94.80% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research analysts recently issued reports on the company. StockNews.com raised Jones Lang LaSalle from a “buy” rating to a “strong-buy” rating in a research note on Friday, September 13th. Keefe, Bruyette & Woods increased their target price on shares of Jones Lang LaSalle from $280.00 to $292.00 and gave the company a “market perform” rating in a research report on Tuesday, November 12th. Finally, Wolfe Research raised 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 report on Monday, November 25th. One equities research analyst has rated the stock with a hold rating, four have issued a buy rating and two have issued a strong buy rating to the company’s stock. Based on data from MarketBeat, Jones Lang LaSalle has a consensus rating of “Buy” and a consensus target price of $271.50.

Jones Lang LaSalle Stock Performance

Shares of JLL stock opened at $278.15 on Tuesday. The stock has a 50 day simple moving average of $267.69 and a 200-day simple moving average of $241.06. Jones Lang LaSalle Incorporated has a 12-month low of $159.52 and a 12-month high of $288.50. The company has a market cap of $13.20 billion, a price-to-earnings ratio of 28.46 and a beta of 1.37. The company has a current ratio of 2.29, a quick ratio of 2.29 and a debt-to-equity ratio of 0.16.

Jones Lang LaSalle (NYSE:JLL) last issued its earnings results on Wednesday, November 6th. The financial services provider reported $3.50 earnings per share for the quarter, topping the consensus estimate of $2.67 by $0.83. The company had revenue of $5.87 billion for the quarter, compared to analyst estimates 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 revenue for the quarter was up 14.8% compared to the same quarter last year. During the same period in the prior year, the business posted $2.01 earnings per share. On average, equities analysts forecast that Jones Lang LaSalle Incorporated will post 13.17 EPS for the current year.

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.