Allspring Global Investments Holdings LLC Sells 907 Shares of Jones Lang LaSalle Incorporated (NYSE:JLL)

Allspring Global Investments Holdings LLC decreased its holdings in Jones Lang LaSalle Incorporated (NYSE:JLL) by 46.1% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 1,061 shares of the financial services provider’s stock after selling 907 shares during the period. Allspring Global Investments Holdings LLC’s holdings in Jones Lang LaSalle were worth $200,000 at the end of the most recent quarter.

Other large investors also recently added to or reduced their stakes in the company. SG Americas Securities LLC grew its stake in shares of Jones Lang LaSalle by 2.9% during the third quarter. SG Americas Securities LLC now owns 7,766 shares of the financial services provider’s stock valued at $1,096,000 after buying an additional 221 shares during the last quarter. Exchange Traded Concepts LLC boosted its stake in shares of Jones Lang LaSalle by 78.7% during the third quarter. Exchange Traded Concepts LLC now owns 218 shares of the financial services provider’s stock valued at $31,000 after purchasing an additional 96 shares in the last quarter. Linden Thomas Advisory Services LLC increased its holdings in shares of Jones Lang LaSalle by 12.3% in the 3rd quarter. Linden Thomas Advisory Services LLC now owns 4,354 shares of the financial services provider’s stock valued at $615,000 after acquiring an additional 476 shares during the period. Kingswood Wealth Advisors LLC purchased a new stake in shares of Jones Lang LaSalle during the 3rd quarter worth $274,000. Finally, Raymond James & Associates grew its stake in Jones Lang LaSalle by 7.2% in the third quarter. Raymond James & Associates now owns 79,465 shares of the financial services provider’s stock valued at $11,219,000 after purchasing an additional 5,308 shares during the last quarter. 94.80% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

A number of research firms have recently weighed in on JLL. Wolfe Research restated a “peer perform” rating on shares of Jones Lang LaSalle in a report on Tuesday, April 9th. StockNews.com upgraded Jones Lang LaSalle from a “hold” rating to a “buy” rating in a report on Wednesday, February 28th. TheStreet upgraded Jones Lang LaSalle from a “c+” rating to a “b-” rating in a research note on Wednesday, February 14th. Raymond James upgraded Jones Lang LaSalle from an “outperform” rating to a “strong-buy” rating and increased their price target for the company from $218.00 to $246.00 in a research note on Wednesday, April 3rd. Finally, Jefferies Financial Group started coverage on shares of Jones Lang LaSalle in a research report on Wednesday, April 10th. They set a “buy” rating and a $246.00 target price on the stock. Two analysts have rated the stock with a hold rating, three have assigned a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus target price of $206.00.

Jones Lang LaSalle Trading Up 1.1 %

Shares of Jones Lang LaSalle stock opened at $182.50 on Friday. Jones Lang LaSalle Incorporated has a 1 year low of $119.46 and a 1 year high of $200.14. The company has a debt-to-equity ratio of 0.22, a current ratio of 1.94 and a quick ratio of 1.94. The stock has a market cap of $8.67 billion, a PE ratio of 39.16 and a beta of 1.42. The firm has a fifty day moving average price of $186.47 and a 200 day moving average price of $170.99.

Jones Lang LaSalle (NYSE:JLL) last issued its quarterly earnings data on Tuesday, February 27th. The financial services provider reported $4.23 earnings per share (EPS) for the quarter, beating the consensus estimate of $3.70 by $0.53. The business had revenue of $5.88 billion during the quarter, compared to analysts’ expectations of $5.86 billion. Jones Lang LaSalle had a return on equity of 5.74% and a net margin of 1.09%. The company’s revenue for the quarter was up 4.9% on a year-over-year basis. During the same quarter in the previous year, the firm posted $4.36 EPS. Equities research analysts predict that Jones Lang LaSalle Incorporated will post 11.98 earnings per share for the current year.

About Jones Lang LaSalle

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.