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Envestnet Portfolio Solutions Inc. reduced holdings in Jones Lang LaSalle Incorporated (NYSE:JLL).

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Envestnet Portfolio Solutions Inc. reduced its holdings in shares of Jones Lang LaSalle Incorporated (NYSE:JLL – Free Report) by 32.8% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 1,762 shares of the financial services provider after selling 859 shares during the quarter. Envestnet Portfolio Solutions Inc.'s holdings in Jones Lang LaSalle were worth $333,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently added to or reduced their holdings in JLL. Bruce G. Allen Investments LLC acquired a new position in Jones Lang LaSalle in the 4th quarter valued at about $47,000. GAMMA Investing LLC acquired a new position in shares of Jones Lang LaSalle in the 4th quarter valued at about $71,000. NBC Securities Inc. acquired a new position in shares of Jones Lang LaSalle in the 3rd quarter valued at about $100,000. Annis Gardner Whiting Capital Advisors LLC acquired a new position in Jones Lang LaSalle in the 3rd quarter valued at about $162,000. Finally, Savant Capital LLC acquired a new position in Jones Lang LaSalle in the 4th quarter valued at about $203,000. Institutional investors and hedge funds own 94.80% of the company's shares.

Wall Street analysts comment

Several equities analysts have recently commented on the company. Raymond James upgraded Jones Lang LaSalle from an “outperform” rating to a “strong-buy” rating and raised their price target for the stock from $218.00 to $246.00 in a research report on Wednesday, April 3rd. Jefferies Financial Group initiated coverage on Jones Lang LaSalle in a research report on Wednesday, April 10th. They issued a “buy” rating and a $246.00 price target for the company. Wolfe Research reiterated a “peer perform” rating on shares of Jones Lang LaSalle in a report on Tuesday, April 9th. TheStreet upgraded shares of Jones Lang LaSalle from a “c+” rating to a “b-” rating in a research report on Wednesday, February 14th. Finally, StockNews.com upgraded shares of Jones Lang LaSalle from a “buy” rating to a “strong-buy” rating in a research report on Thursday, May 16. Three analysts have rated the stock with a “hold”, two have assigned a “buy” rating and two have given the company a “strong-buy” rating. The company currently has an average rating of “moderate buy” and an average price target of $214.00, according to data from MarketBeat.com.

Read our latest research report on JLL

Jones Lang LaSalle shares rise 1.6%

NYSE JLL opened at $199.14 on Friday. The company has a market cap of $9.47 billion, a P/E ratio of 32.02 and a beta of 1.43. Jones Lang LaSalle Incorporated has a 12-month low of $119.46 and a 12-month high of $209.79. The company has a debt-to-equity ratio of 0.34, a current ratio of 2.35 and a quick ratio of 2.35. The company's 50-day moving average is $189.59 and its 200-day moving average is $179.44.

Jones Lang LaSalle (NYSE:JLL – Get Free Report) last released its quarterly earnings results on Monday, May 6. The financial services provider reported earnings per share of $1.78 for the quarter, beating analysts' consensus estimates of $0.85 by $0.93. The company had revenue of $5.12 billion for the quarter, compared to the consensus estimate of $4.82 billion. Jones Lang LaSalle had a return on equity of 6.55% and a net margin of 1.42%. The company's quarterly revenue grew 8.7% compared to the year-ago quarter. In the year-ago quarter, the company generated earnings per share of $0.65. Equities analysts expect Jones Lang LaSalle Incorporated to report earnings per share of $12.14 for the current fiscal year.

Jones Lang LaSalle Profile

(Free report)

Jones Lang LaSalle Incorporated is a commercial real estate and investment management company engaged in the acquisition, construction, occupancy, management and investment of commercial, industrial, hotel, residential and retail properties in the Americas, Europe, the Middle East, Africa and the Asia Pacific.

Selected items

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Institutional ownership by quarter for Jones Lang LaSalle (NYSE:JLL)



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