Shilanski & Associates Inc. Sells 55 Shares of Jones Lang LaSalle Incorporated (NYSE:JLL)

Shilanski & Associates Inc. reduced its position in Jones Lang LaSalle Incorporated (NYSE:JLL) by 0.7% during the fourth quarter, HoldingsChannel reports. The firm owned 7,336 shares of the financial services provider’s stock after selling 55 shares during the period. Shilanski & Associates Inc.’s holdings in Jones Lang LaSalle were worth $1,857,000 at the end of the most recent quarter.

A number of other hedge funds have also bought and sold shares of the company. Mercer Global Advisors Inc. ADV grew its holdings in Jones Lang LaSalle by 2.6% during the 2nd quarter. Mercer Global Advisors Inc. ADV now owns 5,462 shares of the financial services provider’s stock worth $1,121,000 after acquiring an additional 137 shares during the period. Sei Investments Co. grew its stake in Jones Lang LaSalle by 143.6% during the second quarter. Sei Investments Co. now owns 21,660 shares of the financial services provider’s stock worth $4,447,000 after purchasing an additional 12,767 shares during the period. Xponance Inc. increased its holdings in Jones Lang LaSalle by 14.1% in the second quarter. Xponance Inc. now owns 6,480 shares of the financial services provider’s stock worth $1,330,000 after purchasing an additional 799 shares in the last quarter. Marshall Wace LLP bought a new position in shares of Jones Lang LaSalle during the 2nd quarter worth approximately $17,110,000. Finally, AQR Capital Management LLC grew its position in shares of Jones Lang LaSalle by 76.6% during the 2nd quarter. AQR Capital Management LLC now owns 71,076 shares of the financial services provider’s stock worth $14,590,000 after buying an additional 30,839 shares during the period. Institutional investors own 94.80% of the company’s stock.

Wall Street Analysts Forecast Growth

Several brokerages recently issued reports on JLL. Keefe, Bruyette & Woods raised shares of 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 research note on Tuesday, December 10th. Wolfe Research raised shares of 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 report on Monday, November 25th. JPMorgan Chase & Co. boosted their target price on Jones Lang LaSalle from $263.00 to $327.00 and gave the company an “overweight” rating in a research report on Monday, December 16th. Finally, The Goldman Sachs Group began coverage on Jones Lang LaSalle in a report on Friday, December 6th. They issued a “buy” rating and a $352.00 price target on the stock. Six research analysts have rated the stock with a buy rating and two have assigned a strong buy rating to the company. According to MarketBeat, the company presently has an average rating of “Buy” and a consensus target price of $301.57.

Jones Lang LaSalle Stock Up 1.6 %

Shares of NYSE:JLL opened at $273.93 on Friday. The stock has a market cap of $13.00 billion, a price-to-earnings ratio of 27.70 and a beta of 1.36. The business’s 50 day moving average is $262.33 and its 200 day moving average is $256.13. Jones Lang LaSalle Incorporated has a 12-month low of $168.36 and a 12-month high of $288.50. The company has a quick ratio of 2.29, a current ratio of 2.29 and a debt-to-equity ratio of 0.16.

Jones Lang LaSalle (NYSE:JLL) last announced its earnings results on Wednesday, November 6th. The financial services provider reported $3.50 EPS for the quarter, beating the consensus estimate of $2.67 by $0.83. The company had revenue of $5.87 billion during the quarter, compared to the consensus estimate 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% on a year-over-year basis. During the same quarter in the prior year, the company posted $2.01 earnings per share. On average, sell-side analysts forecast that Jones Lang LaSalle Incorporated will post 13.61 earnings per share for the current fiscal year.

About Jones Lang LaSalle

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.