Allianz Asset Management AG cut its stake in Jones Lang LaSalle Inc (NYSE:JLL) by 40.2% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 10,839 shares of the company’s stock after selling 7,285 shares during the period. Allianz Asset Management AG’s holdings in Jones Lang LaSalle were worth $1,095,000 as of its most recent SEC filing.
Other large investors have also recently bought and sold shares of the company. Daiwa Securities Group Inc. raised its stake in Jones Lang LaSalle by 10.0% in the third quarter. Daiwa Securities Group Inc. now owns 1,100 shares of the company’s stock valued at $125,000 after buying an additional 100 shares during the period. Fuller & Thaler Asset Management Inc. purchased a new stake in Jones Lang LaSalle during the third quarter valued at $137,000. Cornerstone Advisors Inc. raised its stake in Jones Lang LaSalle by 6,068.2% in the third quarter. Cornerstone Advisors Inc. now owns 1,357 shares of the company’s stock valued at $154,000 after buying an additional 1,335 shares during the period. Bronfman E.L. Rothschild L.P. raised its stake in Jones Lang LaSalle by 50,133.3% in the third quarter. Bronfman E.L. Rothschild L.P. now owns 1,507 shares of the company’s stock valued at $171,000 after buying an additional 1,504 shares during the period. Finally, JNBA Financial Advisors raised its stake in Jones Lang LaSalle by 1,083.2% in the fourth quarter. JNBA Financial Advisors now owns 1,550 shares of the company’s stock valued at $157,000 after buying an additional 1,419 shares during the period. Institutional investors own 89.27% of the company’s stock.
Shares of Jones Lang LaSalle Inc (NYSE:JLL) opened at 108.85 on Tuesday. Jones Lang LaSalle Inc has a 12 month low of $86.62 and a 12 month high of $125.31. The stock’s 50 day moving average is $111.24 and its 200 day moving average is $106.11. The company has a market cap of $4.93 billion, a P/E ratio of 15.59 and a beta of 1.67.
Jones Lang LaSalle (NYSE:JLL) last posted its earnings results on Monday, February 6th. The company reported $3.95 earnings per share for the quarter, topping the Zacks’ consensus estimate of $3.92 by $0.03. Jones Lang LaSalle had a net margin of 4.68% and a return on equity of 13.14%. The firm had revenue of $2.16 billion for the quarter, compared to analyst estimates of $2.01 billion. During the same period in the previous year, the firm posted $4.53 EPS. The company’s revenue for the quarter was up 14.4% compared to the same quarter last year. On average, analysts anticipate that Jones Lang LaSalle Inc will post $8.29 EPS for the current fiscal year.
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Several research firms have weighed in on JLL. Zacks Investment Research upgraded shares of Jones Lang LaSalle from a “strong sell” rating to a “hold” rating in a report on Monday, December 19th. Barclays PLC reiterated an “overweight” rating and issued a $123.00 target price (up from $119.00) on shares of Jones Lang LaSalle in a report on Friday, March 3rd. Finally, Keefe, Bruyette & Woods lowered shares of Jones Lang LaSalle from an “outperform” rating to a “market perform” rating and cut their target price for the stock from $115.00 to $110.00 in a report on Tuesday, December 13th. Four analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. Jones Lang LaSalle currently has a consensus rating of “Hold” and an average target price of $125.00.
About Jones Lang LaSalle
Jones Lang LaSalle Incorporated (JLL) is a financial and professional services company specializing in real estate. The Company operates through four business segments: Americas; Europe, Middle East and Africa (EMEA); Asia Pacific, and LaSalle. It offers integrated services on a local, regional and global basis to owner, occupier, investor and developer clients.
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