Korea Investment CORP decreased its stake in shares of Jones Lang LaSalle Inc (NYSE:JLL) by 11.7% during the 4th quarter, Holdings Channel reports. The institutional investor owned 33,203 shares of the financial services provider’s stock after selling 4,400 shares during the period. Korea Investment CORP’s holdings in Jones Lang LaSalle were worth $4,203,000 as of its most recent SEC filing.

Several other large investors also recently made changes to their positions in JLL. JOYN Advisors Inc. boosted its position in Jones Lang LaSalle by 1,328.6% in the fourth quarter. JOYN Advisors Inc. now owns 200 shares of the financial services provider’s stock worth $25,000 after purchasing an additional 186 shares during the last quarter. Oregon Public Employees Retirement Fund boosted its position in 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 worth $50,000 after purchasing an additional 6,303,240 shares during the last quarter. First Mercantile Trust Co. boosted its position in Jones Lang LaSalle by 46.4% in the fourth quarter. First Mercantile Trust Co. now owns 410 shares of the financial services provider’s stock worth $52,000 after purchasing an additional 130 shares during the last quarter. Pearl River Capital LLC purchased a new position in Jones Lang LaSalle in the fourth quarter worth $127,000. Finally, Csenge Advisory Group purchased a new position in Jones Lang LaSalle in the third quarter worth $149,000. 91.77% of the stock is currently owned by institutional investors.

Several research firms have weighed in on JLL. Barclays reissued a “buy” rating and issued a $184.00 price objective on shares of Jones Lang LaSalle in a research report on Tuesday, February 26th. ValuEngine cut Jones Lang LaSalle from a “buy” rating to a “hold” rating in a research report on Tuesday, February 19th. William Blair reissued an “outperform” rating on shares of Jones Lang LaSalle in a research report on Tuesday, February 12th. Raymond James boosted their price objective on Jones Lang LaSalle from $178.00 to $188.00 and gave the stock an “outperform” rating in a research report on Wednesday, February 13th. Finally, Bank of America reissued an “underperform” rating and issued a $150.00 price objective (up previously from $133.00) on shares of Jones Lang LaSalle in a research report on Wednesday, February 13th. One research analyst has rated the stock with a sell rating, four have given a hold rating and four have issued a buy rating to the company. The stock presently has a consensus rating of “Hold” and an average price target of $175.67.

Shares of JLL opened at $161.73 on Friday. The firm has a market capitalization of $7.38 billion, a price-to-earnings ratio of 13.20, a PEG ratio of 1.58 and a beta of 1.69. The company has a debt-to-equity ratio of 0.18, a quick ratio of 1.60 and a current ratio of 1.65. Jones Lang LaSalle Inc has a 1 year low of $119.79 and a 1 year high of $178.75.

Jones Lang LaSalle (NYSE:JLL) last issued its earnings results on Tuesday, February 12th. The financial services provider reported $5.99 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $4.74 by $1.25. The firm had revenue of $2.82 billion for the quarter, compared to analyst estimates of $2.70 billion. Jones Lang LaSalle had a return on equity of 15.80% and a net margin of 2.97%. The business’s revenue was up 13.1% on a year-over-year basis. During the same period in the previous year, the company posted $4.92 earnings per share. Research analysts anticipate that Jones Lang LaSalle Inc will post 11.34 earnings per share for the current fiscal year.

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Jones Lang LaSalle 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.

Further Reading: Stock Ratings and Recommendations: Understanding Analyst Upgrades and Downgrades

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

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