Olstein Capital Management L.P. Sells 1,000 Shares of Jones Lang LaSalle Incorporated (NYSE:JLL)

Olstein Capital Management L.P. trimmed its stake in Jones Lang LaSalle Incorporated (NYSE:JLL) by 3.6% during the fourth quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 26,500 shares of the financial services provider’s stock after selling 1,000 shares during the period. Olstein Capital Management L.P.’s holdings in Jones Lang LaSalle were worth $6,708,000 at the end of the most recent reporting period.

A number of other large investors have also recently added to or reduced their stakes in JLL. Sei Investments Co. grew its stake in Jones Lang LaSalle by 143.6% in the 2nd quarter. Sei Investments Co. now owns 21,660 shares of the financial services provider’s stock valued at $4,447,000 after buying an additional 12,767 shares during the last quarter. Xponance Inc. increased its stake in shares of Jones Lang LaSalle by 14.1% in the second quarter. Xponance Inc. now owns 6,480 shares of the financial services provider’s stock worth $1,330,000 after purchasing an additional 799 shares during the period. Marshall Wace LLP acquired a new position in shares of Jones Lang LaSalle during the 2nd quarter worth about $17,110,000. AQR Capital Management LLC grew its holdings in Jones Lang LaSalle by 76.6% in the 2nd quarter. AQR Capital Management LLC now owns 71,076 shares of the financial services provider’s stock valued at $14,590,000 after buying an additional 30,839 shares during the last quarter. Finally, Goodman Advisory Group LLC bought a new position in Jones Lang LaSalle in the 2nd quarter worth approximately $64,000. Institutional investors own 94.80% of the company’s stock.

Analysts Set New Price Targets

Several equities research analysts have recently issued reports on the stock. JPMorgan Chase & Co. raised their price objective on shares of Jones Lang LaSalle from $263.00 to $327.00 and gave the stock an “overweight” rating in a research note on Monday, December 16th. Keefe, Bruyette & Woods raised shares of Jones Lang LaSalle from a “market perform” rating to an “outperform” rating and upped their price objective for the company from $292.00 to $325.00 in a research report on Tuesday, December 10th. The Goldman Sachs Group started coverage on Jones Lang LaSalle in a research report on Friday, December 6th. They set a “buy” rating and a $352.00 target price on the stock. Wolfe Research raised Jones Lang LaSalle from a “peer perform” rating to an “outperform” rating and set a $353.00 price target for the company in a report on Monday, November 25th. Finally, Raymond James upped 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. Six research analysts have rated the stock with a buy rating and two have assigned a strong buy rating to the company’s stock. Based on data from MarketBeat.com, Jones Lang LaSalle presently has an average rating of “Buy” and an average target price of $309.00.

Jones Lang LaSalle Trading Up 0.9 %

Shares of JLL opened at $276.26 on Friday. The stock has a 50 day simple moving average of $262.63 and a 200-day simple moving average of $256.99. The company has a current ratio of 2.29, a quick ratio of 2.29 and a debt-to-equity ratio of 0.16. The stock has a market cap of $13.11 billion, a PE ratio of 27.93 and a beta of 1.36. Jones Lang LaSalle Incorporated has a 1 year low of $168.36 and a 1 year high of $288.50.

Jones Lang LaSalle (NYSE:JLL) last issued its quarterly earnings data on Wednesday, November 6th. The financial services provider reported $3.50 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.67 by $0.83. The company had revenue of $5.87 billion during the quarter, compared to analysts’ expectations of $5.62 billion. Jones Lang LaSalle had a return on equity of 8.95% and a net margin of 2.12%. The business’s revenue was up 14.8% on a year-over-year basis. During the same period last year, the business earned $2.01 earnings per share. On average, sell-side analysts predict that Jones Lang LaSalle Incorporated will post 13.61 EPS 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.