Fort Washington Investment Advisors Inc. OH Sells 8,315 Shares of Jones Lang LaSalle Incorporated (NYSE:JLL)

Fort Washington Investment Advisors Inc. OH decreased its position in Jones Lang LaSalle Incorporated (NYSE:JLL) by 2.0% during the first quarter, HoldingsChannel reports. The firm owned 403,775 shares of the financial services provider’s stock after selling 8,315 shares during the quarter. Fort Washington Investment Advisors Inc. OH’s holdings in Jones Lang LaSalle were worth $100,100,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors and hedge funds have also modified their holdings of the company. Stratos Wealth Partners LTD. lifted its position in Jones Lang LaSalle by 10.1% during the 4th quarter. Stratos Wealth Partners LTD. now owns 978 shares of the financial services provider’s stock worth $248,000 after acquiring an additional 90 shares during the last quarter. Wilmington Savings Fund Society FSB increased its stake in shares of Jones Lang LaSalle by 142.0% in the fourth quarter. Wilmington Savings Fund Society FSB now owns 1,309 shares of the financial services provider’s stock worth $331,000 after purchasing an additional 768 shares during the period. Empowered Funds LLC lifted its position in shares of Jones Lang LaSalle by 47.7% during the 4th quarter. Empowered Funds LLC now owns 1,335 shares of the financial services provider’s stock worth $338,000 after purchasing an additional 431 shares during the last quarter. Entropy Technologies LP bought a new stake in Jones Lang LaSalle during the 4th quarter valued at approximately $354,000. Finally, Allspring Global Investments Holdings LLC grew its holdings in Jones Lang LaSalle by 688.4% in the 4th quarter. Allspring Global Investments Holdings LLC now owns 130,752 shares of the financial services provider’s stock valued at $32,603,000 after buying an additional 114,168 shares during the last quarter. 94.80% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of research analysts have recently commented on the company. Keefe, Bruyette & Woods cut their price target on Jones Lang LaSalle from $325.00 to $280.00 and set an “outperform” rating for the company in a report on Thursday, April 17th. JPMorgan Chase & Co. dropped their target price on shares of Jones Lang LaSalle from $327.00 to $285.00 and set an “overweight” rating on the stock in a research report on Thursday, April 10th. UBS Group reduced their price target on shares of Jones Lang LaSalle from $340.00 to $305.00 and set a “buy” rating for the company in a report on Friday, April 11th. Citigroup decreased their price target on shares of Jones Lang LaSalle from $275.00 to $240.00 and set a “neutral” rating on the stock in a research report on Wednesday, May 28th. Finally, Wall Street Zen lowered shares of Jones Lang LaSalle from a “strong-buy” rating to a “buy” rating in a research report on Tuesday, May 13th. One equities research analyst has rated the stock with a hold rating, six have given a buy rating and one has assigned a strong buy rating to the company’s stock. According to data from MarketBeat, the stock has a consensus rating of “Buy” and a consensus target price of $305.00.

Jones Lang LaSalle Stock Performance

Shares of NYSE JLL opened at $237.80 on Thursday. The firm has a market capitalization of $11.29 billion, a price-to-earnings ratio of 21.06 and a beta of 1.31. Jones Lang LaSalle Incorporated has a one year low of $194.36 and a one year high of $288.50. The business has a fifty day simple moving average of $223.66 and a 200 day simple moving average of $249.63. The company has a current ratio of 2.00, a quick ratio of 2.29 and a debt-to-equity ratio of 0.12.

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

Jones Lang LaSalle Company 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.