1,505 Shares in Jones Lang LaSalle Incorporated (NYSE:JLL) Bought by 3Chopt Investment Partners LLC

3Chopt Investment Partners LLC bought a new position in Jones Lang LaSalle Incorporated (NYSE:JLL - Free Report) during the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund bought 1,505 shares of the financial services provider's stock, valued at approximately $373,000.

A number of other hedge funds have also recently added to or reduced their stakes in the stock. Private Trust Co. NA raised its position in shares of Jones Lang LaSalle by 112.0% during the fourth quarter. Private Trust Co. NA now owns 106 shares of the financial services provider's stock worth $27,000 after acquiring an additional 56 shares during the last quarter. Golden State Wealth Management LLC bought a new position in shares of Jones Lang LaSalle in the 1st quarter worth $33,000. Western Pacific Wealth Management LP bought a new stake in Jones Lang LaSalle in the first quarter valued at about $41,000. CIBC Private Wealth Group LLC boosted its holdings in Jones Lang LaSalle by 25.0% during the fourth quarter. CIBC Private Wealth Group LLC now owns 250 shares of the financial services provider's stock worth $62,000 after buying an additional 50 shares during the last quarter. Finally, Versant Capital Management Inc increased its stake in shares of Jones Lang LaSalle by 356.3% in the 1st quarter. Versant Capital Management Inc now owns 324 shares of the financial services provider's stock valued at $80,000 after acquiring an additional 253 shares during the last quarter. Institutional investors own 94.80% of the company's stock.

Analyst Ratings Changes

A number of equities analysts recently weighed in on JLL shares. Wall Street Zen lowered shares of Jones Lang LaSalle from a "strong-buy" rating to a "buy" rating in a research note on Tuesday, May 13th. Citigroup dropped their target price on 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. UBS Group upped their price target on Jones Lang LaSalle from $305.00 to $340.00 and gave the stock a "buy" rating in a research report on Wednesday. JPMorgan Chase & Co. decreased their price objective on Jones Lang LaSalle from $327.00 to $285.00 and set an "overweight" rating for the company in a report on Thursday, April 10th. Finally, Keefe, Bruyette & Woods decreased their price target on Jones Lang LaSalle from $325.00 to $280.00 and set an "outperform" rating for the company in a research note on Thursday, April 17th. One equities research analyst has rated the stock with a hold rating, six have given a buy rating and one has given a strong buy rating to the company's stock. Based on data from MarketBeat, the stock presently has an average rating of "Buy" and a consensus price target of $310.00.

Jones Lang LaSalle Stock Up 1.0%

Shares of JLL traded up $2.59 on Wednesday, reaching $259.47. The stock had a trading volume of 521,781 shares, compared to its average volume of 348,261. Jones Lang LaSalle Incorporated has a 12-month low of $194.36 and a 12-month high of $288.50. The firm has a market capitalization of $12.32 billion, a price-to-earnings ratio of 23.46 and a beta of 1.34. The company has a 50-day simple moving average of $232.73 and a 200-day simple moving average of $246.33. The company has a debt-to-equity ratio of 0.17, a quick ratio of 2.01 and a current ratio of 2.01.

Jones Lang LaSalle (NYSE:JLL - Get Free Report) last issued its earnings results on Wednesday, May 7th. The financial services provider reported $2.31 earnings per share for the quarter, topping analysts' consensus estimates of $2.02 by $0.29. The business had revenue of $5.75 billion during the quarter, compared to analyst estimates of $5.65 billion. Jones Lang LaSalle had a return on equity of 10.37% and a net margin of 2.23%. Jones Lang LaSalle's revenue was up 12.1% on a year-over-year basis. During the same quarter in the previous year, the firm earned $1.78 EPS. Sell-side analysts predict that Jones Lang LaSalle Incorporated will post 16.45 EPS for the current year.

Insiders Place Their Bets

In other news, CEO Andrew W. Poppink sold 275 shares of the company's stock in a transaction that occurred on Friday, June 20th. The stock was sold at an average price of $237.97, for a total transaction of $65,441.75. Following the transaction, the chief executive officer owned 10,297 shares of the company's stock, valued at approximately $2,450,377.09. This represents a 2.60% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. 0.91% of the stock is owned by insiders.

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.