3Chopt Investment Partners LLC Purchases Shares of 1,505 Jones Lang LaSalle Incorporated (NYSE:JLL)

3Chopt Investment Partners LLC purchased a new stake in shares of Jones Lang LaSalle Incorporated (NYSE:JLL - Free Report) in the first quarter, according to its most recent disclosure with the SEC. The firm purchased 1,505 shares of the financial services provider's stock, valued at approximately $373,000.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in JLL. Proficio Capital Partners LLC bought a new stake in shares of Jones Lang LaSalle during the 4th quarter worth $8,715,000. Private Trust Co. NA boosted its stake in shares of Jones Lang LaSalle by 112.0% during the 4th 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 in the last quarter. US Bancorp DE boosted its stake in shares of Jones Lang LaSalle by 7.0% during the 4th quarter. US Bancorp DE now owns 2,264 shares of the financial services provider's stock worth $573,000 after acquiring an additional 149 shares in the last quarter. Plato Investment Management Ltd boosted its stake in shares of Jones Lang LaSalle by 185.7% during the 4th quarter. Plato Investment Management Ltd now owns 5,843 shares of the financial services provider's stock worth $1,484,000 after acquiring an additional 3,798 shares in the last quarter. Finally, Steward Partners Investment Advisory LLC boosted its stake in shares of Jones Lang LaSalle by 763.5% during the 4th quarter. Steward Partners Investment Advisory LLC now owns 1,278 shares of the financial services provider's stock worth $324,000 after acquiring an additional 1,130 shares in the last quarter. 94.80% of the stock is owned by institutional investors.

Insider Buying and Selling

In related news, CEO Andrew W. Poppink sold 275 shares of the stock in a transaction 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 completion of the sale, the chief executive officer now directly owns 10,297 shares in the company, valued at approximately $2,450,377.09. This trade represents a 2.60% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. 0.91% of the stock is owned by corporate insiders.

Jones Lang LaSalle Price Performance

Shares of NYSE:JLL opened at $257.32 on Friday. The company has a current ratio of 2.01, a quick ratio of 2.01 and a debt-to-equity ratio of 0.17. Jones Lang LaSalle Incorporated has a 1 year low of $194.36 and a 1 year high of $288.50. The business has a fifty day simple moving average of $230.78 and a 200 day simple moving average of $246.55. The firm has a market cap of $12.21 billion, a price-to-earnings ratio of 23.27 and a beta of 1.31.

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

Analyst Ratings Changes

Several equities research analysts have recently weighed in on the company. UBS Group reduced their price objective on Jones Lang LaSalle from $340.00 to $305.00 and set a "buy" rating for the company in a research note on Friday, April 11th. Citigroup decreased their target price on Jones Lang LaSalle from $275.00 to $240.00 and set a "neutral" rating for the company in a research report on Wednesday, May 28th. Keefe, Bruyette & Woods decreased their target price on Jones Lang LaSalle from $325.00 to $280.00 and set an "outperform" rating for the company in a research report on Thursday, April 17th. JPMorgan Chase & Co. decreased their target price on Jones Lang LaSalle from $327.00 to $285.00 and set an "overweight" rating for the company in a research report on Thursday, April 10th. Finally, Wall Street Zen cut Jones Lang LaSalle from a "strong-buy" rating to a "buy" rating in a research report on Tuesday, May 13th. One investment analyst has rated the stock with a hold rating, six have assigned a buy rating and one has given a strong buy rating to the company's stock. Based on data from MarketBeat, Jones Lang LaSalle presently has a consensus rating of "Buy" and an average price target of $305.00.

Jones Lang LaSalle Company 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.

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