Artemis Investment Management LLP Has $67.20 Million Stock Holdings in Jones Lang LaSalle Incorporated (NYSE:JLL)

Artemis Investment Management LLP lessened its stake in Jones Lang LaSalle Incorporated (NYSE:JLL - Free Report) by 31.2% in the 1st quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 271,053 shares of the financial services provider's stock after selling 123,161 shares during the quarter. Artemis Investment Management LLP owned 0.57% of Jones Lang LaSalle worth $67,197,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also bought and sold shares of JLL. EdgePoint Investment Group Inc. grew its holdings in Jones Lang LaSalle by 5.7% in the 4th quarter. EdgePoint Investment Group Inc. now owns 1,639,526 shares of the financial services provider's stock valued at $415,030,000 after buying an additional 88,479 shares in the last quarter. Invesco Ltd. increased its stake in shares of Jones Lang LaSalle by 0.9% in the 4th quarter. Invesco Ltd. now owns 944,623 shares of the financial services provider's stock valued at $239,122,000 after acquiring an additional 8,274 shares in the last quarter. Geode Capital Management LLC boosted its holdings in Jones Lang LaSalle by 4.6% during the 4th quarter. Geode Capital Management LLC now owns 934,958 shares of the financial services provider's stock worth $240,190,000 after acquiring an additional 41,331 shares during the last quarter. Norges Bank purchased a new position in shares of Jones Lang LaSalle in the 4th quarter worth approximately $149,468,000. Finally, Arrowstreet Capital Limited Partnership boosted its stake in Jones Lang LaSalle by 13.7% in the fourth quarter. Arrowstreet Capital Limited Partnership now owns 542,675 shares of the financial services provider's stock valued at $137,373,000 after acquiring an additional 65,407 shares during the last quarter. Institutional investors own 94.80% of the company's stock.

Wall Street Analysts Forecast Growth

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

Jones Lang LaSalle Price Performance

NYSE:JLL opened at $254.09 on Friday. The company has a quick ratio of 2.01, a current ratio of 2.01 and a debt-to-equity ratio of 0.17. The stock's 50-day moving average price is $229.85 and its 200-day moving average price is $246.83. The stock has a market capitalization of $12.06 billion, a PE ratio of 22.97 and a beta of 1.31. Jones Lang LaSalle Incorporated has a 52 week low of $194.36 and a 52 week high of $288.50.

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

Insider Activity at Jones Lang LaSalle

In related news, CEO Andrew W. Poppink sold 275 shares of Jones Lang LaSalle stock in a transaction that occurred on Friday, June 20th. The shares were sold at an average price of $237.97, for a total value of $65,441.75. Following the completion of the transaction, the chief executive officer now owns 10,297 shares in the company, valued at approximately $2,450,377.09. The trade was a 2.60% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. 0.91% of the stock is owned by insiders.

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.

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