Royce & Associates LP reduced its stake in shares of Jones Lang LaSalle Inc (NYSE:JLL) by 92.1% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 10,224 shares of the financial services provider’s stock after selling 119,900 shares during the quarter. Royce & Associates LP’s holdings in Jones Lang LaSalle were worth $1,294,000 at the end of the most recent quarter.

Other large investors also recently made changes to their positions in the company. Vanguard Group Inc. boosted its holdings in shares of Jones Lang LaSalle by 6.6% in the third quarter. Vanguard Group Inc. now owns 6,964,895 shares of the financial services provider’s stock valued at $1,005,173,000 after acquiring an additional 432,487 shares in the last quarter. Vanguard Group Inc boosted its holdings in shares of Jones Lang LaSalle by 6.6% in the third quarter. Vanguard Group Inc now owns 6,964,895 shares of the financial services provider’s stock valued at $1,005,173,000 after acquiring an additional 432,487 shares in the last quarter. Oregon Public Employees Retirement Fund boosted its holdings in shares of Jones Lang LaSalle by 15,162.2% in the fourth quarter. Oregon Public Employees Retirement Fund now owns 6,344,812 shares of the financial services provider’s stock valued at $50,000 after acquiring an additional 6,303,240 shares in the last quarter. BlackRock Inc. boosted its holdings in shares of Jones Lang LaSalle by 0.8% in the fourth quarter. BlackRock Inc. now owns 4,752,900 shares of the financial services provider’s stock valued at $601,717,000 after acquiring an additional 39,648 shares in the last quarter. Finally, Janus Henderson Group PLC boosted its holdings in shares of Jones Lang LaSalle by 12.8% in the third quarter. Janus Henderson Group PLC now owns 992,580 shares of the financial services provider’s stock valued at $143,249,000 after acquiring an additional 112,487 shares in the last quarter. Hedge funds and other institutional investors own 91.77% of the company’s stock.

JLL has been the topic of several analyst reports. JMP Securities reaffirmed a “hold” rating on shares of Jones Lang LaSalle in a report on Sunday, February 17th. ValuEngine raised shares of Jones Lang LaSalle from a “hold” rating to a “buy” rating in a report on Wednesday, February 13th. William Blair reaffirmed an “outperform” rating on shares of Jones Lang LaSalle in a report on Tuesday, February 12th. Bank of America reaffirmed an “underperform” rating and issued a $150.00 target price (up previously from $133.00) on shares of Jones Lang LaSalle in a report on Wednesday, February 13th. Finally, Barclays reissued a “buy” rating and set a $184.00 price objective on shares of Jones Lang LaSalle in a report on Tuesday, February 26th. One analyst has rated the stock with a sell rating, four have assigned a hold rating and four have given a buy rating to the stock. The stock presently has an average rating of “Hold” and a consensus price target of $175.67.

JLL stock opened at $161.73 on Friday. The stock has a market cap of $7.38 billion, a P/E ratio of 13.20, a P/E/G ratio of 1.58 and a beta of 1.69. Jones Lang LaSalle Inc has a 52 week low of $119.79 and a 52 week high of $178.75. The company has a current ratio of 1.65, a quick ratio of 1.60 and a debt-to-equity ratio of 0.18.

Jones Lang LaSalle (NYSE:JLL) last released its quarterly earnings data on Tuesday, February 12th. The financial services provider reported $5.99 EPS for the quarter, topping analysts’ consensus estimates of $4.74 by $1.25. The firm had revenue of $2.82 billion for the quarter, compared to the consensus estimate of $2.70 billion. Jones Lang LaSalle had a net margin of 2.97% and a return on equity of 15.80%. The firm’s revenue was up 13.1% on a year-over-year basis. During the same quarter in the previous year, the firm earned $4.92 earnings per share. On average, equities analysts predict that Jones Lang LaSalle Inc will post 11.34 earnings per share for the current year.

COPYRIGHT VIOLATION WARNING: This news story was first published by The Cerbat Gem and is the property of of The Cerbat Gem. If you are viewing this news story on another publication, it was illegally copied and reposted in violation of United States and international copyright and trademark law. The legal version of this news story can be viewed at https://www.thecerbatgem.com/2019/03/15/jones-lang-lasalle-inc-jll-shares-sold-by-royce-associates-lp.html.

Jones Lang LaSalle Company Profile

Jones Lang LaSalle Incorporated, a professional services company, provides commercial real estate and investment management services worldwide. It offers a range of real estate services, including agency leasing, project and development management/construction, capital markets, property management, corporate finance, real estate investment banking/merchant banking, energy and sustainability, research, facility management outsourcing, strategic consulting, technology solutions, advisory, investment management, tenant representation, lease administration, transaction management, logistics and supply-chain management, valuations, and mortgage origination and servicing.

See Also: Why do companies issue convertible shares?

Want to see what other hedge funds are holding JLL? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Jones Lang LaSalle Inc (NYSE:JLL).

Institutional Ownership by Quarter for Jones Lang LaSalle (NYSE:JLL)

Receive News & Ratings for Jones Lang LaSalle Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Jones Lang LaSalle and related companies with MarketBeat.com's FREE daily email newsletter.