Nicholas Hoffman & Company LLC. Cuts Stock Position in Jones Lang LaSalle Incorporated (NYSE:JLL)

Nicholas Hoffman & Company LLC. lessened its stake in Jones Lang LaSalle Incorporated (NYSE:JLL) by 6.2% in the 4th quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 4,117 shares of the financial services provider’s stock after selling 273 shares during the quarter. Nicholas Hoffman & Company LLC.’s holdings in Jones Lang LaSalle were worth $778,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Strategic Investment Solutions Inc. IL purchased a new stake in Jones Lang LaSalle in the 1st quarter worth $29,000. Exchange Traded Concepts LLC increased its holdings in Jones Lang LaSalle by 78.7% in the 3rd quarter. Exchange Traded Concepts LLC now owns 218 shares of the financial services provider’s stock worth $31,000 after acquiring an additional 96 shares in the last quarter. Covestor Ltd grew its holdings in shares of Jones Lang LaSalle by 61.3% during the first quarter. Covestor Ltd now owns 150 shares of the financial services provider’s stock worth $36,000 after buying an additional 57 shares in the last quarter. Belpointe Asset Management LLC grew its holdings in shares of Jones Lang LaSalle by 126.0% during the first quarter. Belpointe Asset Management LLC now owns 278 shares of the financial services provider’s stock worth $40,000 after buying an additional 155 shares in the last quarter. Finally, Brown Brothers Harriman & Co. purchased a new stake in shares of Jones Lang LaSalle during the first quarter worth $46,000. Hedge funds and other institutional investors own 94.80% of the company’s stock.

Jones Lang LaSalle Trading Up 0.1 %

Shares of JLL traded up $0.11 during mid-day trading on Friday, reaching $175.11. The stock had a trading volume of 209,609 shares, compared to its average volume of 257,335. The company has a debt-to-equity ratio of 0.22, a current ratio of 1.94 and a quick ratio of 1.94. Jones Lang LaSalle Incorporated has a 52-week low of $119.46 and a 52-week high of $200.14. The business’s fifty day moving average is $186.53 and its 200 day moving average is $169.37. The firm has a market cap of $8.32 billion, a price-to-earnings ratio of 37.58 and a beta of 1.42.

Jones Lang LaSalle (NYSE:JLL) last announced its quarterly earnings data on Tuesday, February 27th. The financial services provider reported $4.23 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $3.70 by $0.53. Jones Lang LaSalle had a net margin of 1.09% and a return on equity of 5.74%. The firm had revenue of $5.88 billion during the quarter, compared to analyst estimates of $5.86 billion. During the same quarter in the prior year, the firm posted $4.36 earnings per share. Jones Lang LaSalle’s quarterly revenue was up 4.9% on a year-over-year basis. On average, sell-side analysts predict that Jones Lang LaSalle Incorporated will post 11.98 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently issued reports on JLL shares. StockNews.com raised shares of Jones Lang LaSalle from a “hold” rating to a “buy” rating in a report on Wednesday, February 28th. TheStreet raised shares of Jones Lang LaSalle from a “c+” rating to a “b-” rating in a report on Wednesday, February 14th. Raymond James raised shares of Jones Lang LaSalle from an “outperform” rating to a “strong-buy” rating and upped their target price for the stock from $218.00 to $246.00 in a report on Wednesday, April 3rd. Jefferies Financial Group assumed coverage on shares of Jones Lang LaSalle in a report on Wednesday, April 10th. They set a “buy” rating and a $246.00 target price for the company. Finally, Wolfe Research reissued a “peer perform” rating on shares of Jones Lang LaSalle in a report on Tuesday, April 9th. Two research analysts have rated the stock with a hold rating, three have given a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average price target of $206.00.

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.