M&T Bank Corp Reduces Holdings in Jones Lang LaSalle Incorporated (NYSE:JLL)

M&T Bank Corp cut its position in Jones Lang LaSalle Incorporated (NYSE:JLL) by 6.3% in the 3rd quarter, Holdings Channel.com reports. The firm owned 3,265 shares of the financial services provider’s stock after selling 219 shares during the quarter. M&T Bank Corp’s holdings in Jones Lang LaSalle were worth $881,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. FMR LLC boosted its position in Jones Lang LaSalle by 15.0% in the 3rd quarter. FMR LLC now owns 3,530,720 shares of the financial services provider’s stock valued at $952,624,000 after buying an additional 459,466 shares during the last quarter. Select Equity Group L.P. purchased a new stake in Jones Lang LaSalle during the 2nd quarter worth approximately $55,152,000. Massachusetts Financial Services Co. MA raised its position in shares of Jones Lang LaSalle by 20.9% in the 2nd quarter. Massachusetts Financial Services Co. MA now owns 1,049,392 shares of the financial services provider’s stock valued at $215,419,000 after purchasing an additional 181,246 shares in the last quarter. International Assets Investment Management LLC grew its position in shares of Jones Lang LaSalle by 167,988.5% during the third quarter. International Assets Investment Management LLC now owns 146,237 shares of the financial services provider’s stock worth $39,456,000 after buying an additional 146,150 shares in the last quarter. Finally, Artemis Investment Management LLP increased its stake in shares of Jones Lang LaSalle by 43.0% in the third quarter. Artemis Investment Management LLP now owns 331,514 shares of the financial services provider’s stock worth $89,446,000 after buying an additional 99,613 shares during the last quarter. Hedge funds and other institutional investors own 94.80% of the company’s stock.

Analyst Ratings Changes

JLL has been the topic of a number of research analyst reports. Keefe, Bruyette & Woods upgraded shares of Jones Lang LaSalle from a “market perform” rating to an “outperform” rating and increased their price objective for the company from $292.00 to $325.00 in a research note on Tuesday, December 10th. StockNews.com upgraded Jones Lang LaSalle from a “buy” rating to a “strong-buy” rating in a research note on Friday, September 13th. Wolfe Research upgraded Jones Lang LaSalle from a “peer perform” rating to an “outperform” rating and set a $353.00 price objective on the stock in a research note on Monday, November 25th. JPMorgan Chase & Co. lifted their target price on Jones Lang LaSalle from $263.00 to $327.00 and gave the stock an “overweight” rating in a research report on Monday. Finally, The Goldman Sachs Group initiated coverage on Jones Lang LaSalle in a research note on Friday, December 6th. They set a “buy” rating and a $352.00 price objective on the stock. Six equities research analysts have rated the stock with a buy rating and two have issued a strong buy rating to the company. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Buy” and a consensus target price of $301.57.

Jones Lang LaSalle Trading Up 0.8 %

NYSE:JLL opened at $271.65 on Tuesday. Jones Lang LaSalle Incorporated has a 12-month low of $167.11 and a 12-month high of $288.50. The company has a debt-to-equity ratio of 0.16, a current ratio of 2.29 and a quick ratio of 2.29. The business has a 50 day simple moving average of $269.44 and a 200 day simple moving average of $246.82. The firm has a market capitalization of $12.89 billion, a P/E ratio of 27.47 and a beta of 1.34.

Jones Lang LaSalle (NYSE:JLL) last released 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. Jones Lang LaSalle had a net margin of 2.12% and a return on equity of 8.95%. The business had revenue of $5.87 billion during the quarter, compared to analyst estimates of $5.62 billion. During the same quarter in the prior year, the firm earned $2.01 earnings per share. The company’s quarterly revenue was up 14.8% on a year-over-year basis. Equities research analysts predict that Jones Lang LaSalle Incorporated will post 13.37 EPS for the current year.

Jones Lang LaSalle 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.