Vista Investment Management Reduces Stock Position in Jones Lang LaSalle Incorporated (NYSE:JLL)

Vista Investment Management reduced its position in shares of Jones Lang LaSalle Incorporated (NYSE:JLL) by 2.9% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 3,806 shares of the financial services provider’s stock after selling 114 shares during the period. Vista Investment Management’s holdings in Jones Lang LaSalle were worth $963,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also bought and sold shares of the company. Boston Trust Walden Corp lifted its holdings in Jones Lang LaSalle by 1.9% in the 4th quarter. Boston Trust Walden Corp now owns 305,768 shares of the financial services provider’s stock worth $77,402,000 after buying an additional 5,663 shares during the period. Principal Securities Inc. lifted its stake in Jones Lang LaSalle by 166.7% in the fourth quarter. Principal Securities Inc. now owns 176 shares of the financial services provider’s stock worth $45,000 after acquiring an additional 110 shares during the period. Fox Run Management L.L.C. purchased a new stake in shares of Jones Lang LaSalle in the 4th quarter worth about $413,000. New Age Alpha Advisors LLC purchased a new stake in shares of Jones Lang LaSalle in the 4th quarter worth about $7,099,000. Finally, Sanctuary Advisors LLC lifted its position in shares of Jones Lang LaSalle by 7.2% in the 4th quarter. Sanctuary Advisors LLC now owns 3,010 shares of the financial services provider’s stock worth $762,000 after purchasing an additional 201 shares during the period. Hedge funds and other institutional investors own 94.80% of the company’s stock.

Jones Lang LaSalle Price Performance

JLL opened at $231.18 on Tuesday. The company has a debt-to-equity ratio of 0.12, a current ratio of 2.00 and a quick ratio of 2.29. The firm has a market cap of $10.98 billion, a PE ratio of 20.48 and a beta of 1.33. Jones Lang LaSalle Incorporated has a 1 year low of $192.94 and a 1 year high of $288.50. The stock has a 50-day moving average price of $231.58 and a 200-day moving average price of $254.20.

Jones Lang LaSalle (NYSE:JLL) last posted its quarterly earnings results on Wednesday, May 7th. The financial services provider reported $2.31 earnings per share for the quarter, topping the consensus estimate of $2.02 by $0.29. Jones Lang LaSalle had a return on equity of 10.20% and a net margin of 2.33%. The firm had revenue of $5.75 billion during the quarter, compared to analysts’ expectations of $5.65 billion. During the same quarter in the previous year, the business earned $1.78 earnings per share. The company’s revenue was up 12.1% on a year-over-year basis. Sell-side analysts predict that Jones Lang LaSalle Incorporated will post 16.45 earnings per share for the current fiscal year.

Analysts Set New Price Targets

A number of research analysts have recently commented on JLL shares. Raymond James raised their target price on Jones Lang LaSalle from $317.00 to $320.00 and gave the company a “strong-buy” rating in a research note on Friday, January 24th. UBS Group lowered their price objective on Jones Lang LaSalle from $340.00 to $305.00 and set a “buy” rating for the company in a research report on Friday, April 11th. JPMorgan Chase & Co. lowered their price target on shares of Jones Lang LaSalle from $327.00 to $285.00 and set an “overweight” rating for the company in a research report on Thursday, April 10th. Keefe, Bruyette & Woods lowered their price target on shares of Jones Lang LaSalle from $325.00 to $280.00 and set an “outperform” rating for the company in a research report on Thursday, April 17th. Finally, StockNews.com lowered shares of Jones Lang LaSalle from a “strong-buy” rating to a “buy” rating in a report on Tuesday, May 13th. Six analysts have rated the stock with a buy rating and one has issued a strong buy rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of “Buy” and a consensus target price of $315.83.

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.