Citigroup Inc. Sells 8,209 Shares of Jones Lang LaSalle Incorporated (NYSE:JLL)

Citigroup Inc. lowered its holdings in shares of Jones Lang LaSalle Incorporated (NYSE:JLL – Get Rating) by 38.4% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 13,194 shares of the financial services provider’s stock after selling 8,209 shares during the quarter. Citigroup Inc.’s holdings in Jones Lang LaSalle were worth $2,103,000 at the end of the most recent reporting period.

Several other institutional investors have also recently made changes to their positions in the business. Raymond James & Associates grew its position in shares of Jones Lang LaSalle by 9.3% during the fourth quarter. Raymond James & Associates now owns 42,106 shares of the financial services provider’s stock worth $6,710,000 after purchasing an additional 3,577 shares in the last quarter. UBS Group AG grew its holdings in Jones Lang LaSalle by 19.9% during the 4th quarter. UBS Group AG now owns 73,316 shares of the financial services provider’s stock valued at $11,684,000 after buying an additional 12,143 shares in the last quarter. Van ECK Associates Corp grew its holdings in Jones Lang LaSalle by 192.4% during the 4th quarter. Van ECK Associates Corp now owns 4,111 shares of the financial services provider’s stock valued at $655,000 after buying an additional 2,705 shares in the last quarter. California Public Employees Retirement System grew its holdings in Jones Lang LaSalle by 2.6% during the 4th quarter. California Public Employees Retirement System now owns 116,468 shares of the financial services provider’s stock valued at $18,562,000 after buying an additional 2,922 shares in the last quarter. Finally, Russell Investments Group Ltd. grew its holdings in Jones Lang LaSalle by 2.6% during the 4th quarter. Russell Investments Group Ltd. now owns 175,478 shares of the financial services provider’s stock valued at $27,990,000 after buying an additional 4,472 shares in the last quarter. Hedge funds and other institutional investors own 93.64% of the company’s stock.

Jones Lang LaSalle Price Performance

Shares of JLL stock opened at $139.25 on Thursday. The company has a debt-to-equity ratio of 0.40, a quick ratio of 2.62 and a current ratio of 2.62. The stock has a 50 day moving average price of $138.40 and a 200 day moving average price of $157.02. The firm has a market capitalization of $6.65 billion, a P/E ratio of 13.64 and a beta of 1.28. Jones Lang LaSalle Incorporated has a 52-week low of $123.00 and a 52-week high of $202.38.

Jones Lang LaSalle (NYSE:JLL – Get Rating) last issued its earnings results on Thursday, May 4th. The financial services provider reported $0.65 earnings per share for the quarter, missing analysts’ consensus estimates of $1.69 by ($1.04). The firm had revenue of $4.72 billion for the quarter, compared to the consensus estimate of $4.43 billion. Jones Lang LaSalle had a net margin of 2.41% and a return on equity of 10.30%. The company’s revenue for the quarter was down 1.8% on a year-over-year basis. During the same period last year, the firm earned $3.47 earnings per share. As a group, sell-side analysts predict that Jones Lang LaSalle Incorporated will post 14.17 earnings per share for the current year.

Wall Street Analyst Weigh In

Several equities research analysts have recently issued reports on JLL shares. Wolfe Research raised Jones Lang LaSalle from a “peer perform” rating to an “outperform” rating and set a $218.00 price objective for the company in a research note on Wednesday, March 15th. TheStreet lowered Jones Lang LaSalle from a “b-” rating to a “c” rating in a research note on Thursday, May 4th. JPMorgan Chase & Co. raised their price objective on Jones Lang LaSalle from $214.00 to $215.00 and gave the company an “overweight” rating in a research note on Friday, March 3rd. StockNews.com initiated coverage on Jones Lang LaSalle in a research note on Thursday, May 18th. They issued a “hold” rating for the company. Finally, Citigroup decreased their price target on Jones Lang LaSalle from $200.00 to $155.00 and set a “neutral” rating for the company in a research note on Tuesday, March 28th. One analyst has rated the stock with a sell rating, two have issued a hold rating and four have given a buy rating to the company. According to MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus target price of $201.17.

Jones Lang LaSalle Profile

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Jones Lang LaSalle, Inc engages in the provision of professional services which specialize in real estate and investment management. It operates through the following geographic segments: Americas, Europe, Middle East and Africa (EMEA, Asia Pacific, and LaSalle Investment Management (LaSalle). The Americas, EMEA, and Asia Pacific segments provide leasing, capital markets, integrated property and facility management, project management, advisory, and transaction services.