Vanguard Personalized Indexing Management LLC Sells 1,999 Shares of Jones Lang LaSalle Incorporated (NYSE:JLL)

Vanguard Personalized Indexing Management LLC lowered its stake in Jones Lang LaSalle Incorporated (NYSE:JLL) by 30.9% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 4,471 shares of the financial services provider’s stock after selling 1,999 shares during the quarter. Vanguard Personalized Indexing Management LLC’s holdings in Jones Lang LaSalle were worth $844,000 at the end of the most recent reporting period.

Other institutional investors have also recently bought and sold shares of the company. Bruce G. Allen Investments LLC bought a new position in Jones Lang LaSalle in the fourth quarter valued at approximately $47,000. GAMMA Investing LLC bought a new position in Jones Lang LaSalle in the fourth quarter valued at approximately $71,000. NBC Securities Inc. bought a new position in Jones Lang LaSalle in the third quarter valued at approximately $100,000. Savant Capital LLC acquired a new stake in shares of Jones Lang LaSalle in the fourth quarter valued at approximately $203,000. Finally, Sequoia Financial Advisors LLC acquired a new stake in shares of Jones Lang LaSalle in the fourth quarter valued at approximately $215,000. Institutional investors own 94.80% of the company’s stock.

Analysts Set New Price Targets

A number of analysts have recently issued reports on JLL shares. Wolfe Research reiterated a “peer perform” rating on shares of Jones Lang LaSalle in a report on Tuesday, April 9th. Jefferies Financial Group started coverage on shares of Jones Lang LaSalle in a report on Wednesday, April 10th. They issued a “buy” rating and a $246.00 price objective on the stock. Raymond James upgraded shares of Jones Lang LaSalle from an “outperform” rating to a “strong-buy” rating and lifted their price objective for the company from $218.00 to $246.00 in a report on Wednesday, April 3rd. Keefe, Bruyette & Woods lifted their price objective on shares of Jones Lang LaSalle from $190.00 to $200.00 and gave the company a “market perform” rating in a report on Wednesday, May 8th. Finally, StockNews.com upgraded shares of Jones Lang LaSalle from a “buy” rating to a “strong-buy” rating in a report on Thursday, May 16th. Three analysts have rated the stock with a hold rating, two have assigned a buy rating and two have given a strong buy rating to the stock. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $214.00.

Jones Lang LaSalle Price Performance

Shares of JLL opened at $200.03 on Wednesday. Jones Lang LaSalle Incorporated has a 1-year low of $119.46 and a 1-year high of $209.79. The company has a market cap of $9.51 billion, a price-to-earnings ratio of 32.16 and a beta of 1.43. The company’s fifty day simple moving average is $188.78 and its 200 day simple moving average is $178.83. The company has a current ratio of 2.35, a quick ratio of 2.35 and a debt-to-equity ratio of 0.34.

Jones Lang LaSalle (NYSE:JLL) last released its quarterly earnings data on Monday, May 6th. The financial services provider reported $1.78 EPS for the quarter, beating the consensus estimate of $0.85 by $0.93. Jones Lang LaSalle had a net margin of 1.42% and a return on equity of 6.55%. The firm had revenue of $5.12 billion for the quarter, compared to the consensus estimate of $4.82 billion. During the same period in the previous year, the company earned $0.65 earnings per share. The company’s quarterly revenue was up 8.7% on a year-over-year basis. On average, research analysts forecast that Jones Lang LaSalle Incorporated will post 12.14 earnings per share for the current fiscal 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.