Korea Investment CORP Sells 4,400 Shares of Jones Lang LaSalle Inc (JLL)

Korea Investment CORP trimmed its holdings in Jones Lang LaSalle Inc (NYSE:JLL) by 11.7% during the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 33,203 shares of the financial services provider’s stock after selling 4,400 shares during the quarter. Korea Investment CORP owned 0.07% of Jones Lang LaSalle worth $4,203,000 at the end of the most recent reporting period.

A number of other large investors have also bought and sold shares of JLL. First Trust Advisors LP raised its position in shares of Jones Lang LaSalle by 52.1% during the third quarter. First Trust Advisors LP now owns 35,313 shares of the financial services provider’s stock worth $5,096,000 after acquiring an additional 12,096 shares during the last quarter. Robeco Institutional Asset Management B.V. raised its position in shares of Jones Lang LaSalle by 15.7% during the third quarter. Robeco Institutional Asset Management B.V. now owns 93,354 shares of the financial services provider’s stock worth $13,475,000 after acquiring an additional 12,635 shares during the last quarter. Victory Capital Management Inc. raised its position in shares of Jones Lang LaSalle by 26.4% during the third quarter. Victory Capital Management Inc. now owns 24,552 shares of the financial services provider’s stock worth $3,543,000 after acquiring an additional 5,135 shares during the last quarter. Sumitomo Mitsui Trust Holdings Inc. raised its position in shares of Jones Lang LaSalle by 3.7% during the third quarter. Sumitomo Mitsui Trust Holdings Inc. now owns 160,739 shares of the financial services provider’s stock worth $23,198,000 after acquiring an additional 5,806 shares during the last quarter. Finally, Toronto Dominion Bank raised its position in shares of Jones Lang LaSalle by 9.2% during the third quarter. Toronto Dominion Bank now owns 4,942 shares of the financial services provider’s stock worth $713,000 after acquiring an additional 417 shares during the last quarter. 91.77% of the stock is currently owned by institutional investors.

A number of brokerages have recently issued reports on JLL. Barclays raised their price objective on Jones Lang LaSalle from $165.00 to $167.00 and gave the stock an “overweight” rating in a research report on Friday, November 16th. ValuEngine upgraded Jones Lang LaSalle from a “sell” rating to a “hold” rating in a research report on Friday, November 23rd. Zacks Investment Research downgraded Jones Lang LaSalle from a “buy” rating to a “hold” rating in a research report on Tuesday, January 8th. Raymond James raised 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 downgraded Jones Lang LaSalle from a “buy” rating to an “underperform” rating and set a $133.00 price objective for the company. in a research report on Thursday, January 3rd. One analyst has rated the stock with a sell rating, four have issued a hold rating and four have issued a buy rating to the company. The company currently has an average rating of “Hold” and an average target price of $175.67.

Shares of JLL stock opened at $161.73 on Friday. The company has a market capitalization of $7.38 billion, a price-to-earnings ratio of 13.20, a price-to-earnings-growth ratio of 1.58 and a beta of 1.69. The company has a quick ratio of 1.60, a current ratio of 1.65 and a debt-to-equity ratio of 0.18. Jones Lang LaSalle Inc has a fifty-two week low of $119.79 and a fifty-two week 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 for the quarter, topping the Zacks’ consensus estimate of $4.74 by $1.25. The business had revenue of $2.82 billion during the quarter, compared to the consensus estimate of $2.70 billion. Jones Lang LaSalle had a return on equity of 15.80% and a net margin of 2.97%. The firm’s revenue for the quarter 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. On average, research analysts anticipate that Jones Lang LaSalle Inc will post 11.34 earnings per share for the current year.

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About Jones Lang LaSalle

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.

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

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