Artemis Investment Management LLP Sells 123,161 Shares of Jones Lang LaSalle Incorporated (NYSE:JLL)

Artemis Investment Management LLP decreased its stake in Jones Lang LaSalle Incorporated (NYSE:JLL - Free Report) by 31.2% during the 1st quarter, according to its most recent Form 13F filing with the Securities and 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 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in JLL. Diversified Trust Co boosted its stake in Jones Lang LaSalle by 116.3% during the 1st quarter. Diversified Trust Co now owns 4,844 shares of the financial services provider's stock worth $1,201,000 after acquiring an additional 2,604 shares during the last quarter. Sequoia Financial Advisors LLC boosted its position in shares of Jones Lang LaSalle by 9.3% during the first quarter. Sequoia Financial Advisors LLC now owns 1,450 shares of the financial services provider's stock worth $359,000 after purchasing an additional 123 shares in the last quarter. Perigon Wealth Management LLC acquired a new position in shares of Jones Lang LaSalle in the 1st quarter valued at $2,266,000. Golden State Wealth Management LLC bought a new stake in shares of Jones Lang LaSalle in the 1st quarter valued at $33,000. Finally, Oppenheimer & Co. Inc. raised its stake in Jones Lang LaSalle by 10.1% during the 1st quarter. Oppenheimer & Co. Inc. now owns 1,728 shares of the financial services provider's stock worth $428,000 after buying an additional 158 shares during the period. Institutional investors own 94.80% of the company's stock.

Insider Buying and Selling

In related news, CEO Andrew W. Poppink sold 275 shares of the business's stock in a transaction on Friday, June 20th. The stock was sold at an average price of $237.97, for a total value 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 $2,450,377.09. The trade was a 2.60% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. 0.91% of the stock is currently owned by insiders.

Jones Lang LaSalle Stock Down 0.4%

NYSE JLL traded down $0.94 during trading hours on Monday, hitting $256.02. 278,475 shares of the company traded hands, compared to its average volume of 393,049. Jones Lang LaSalle Incorporated has a twelve month low of $194.36 and a twelve month high of $288.50. The company has a debt-to-equity ratio of 0.17, a quick ratio of 2.01 and a current ratio of 2.01. The stock has a market capitalization of $12.15 billion, a price-to-earnings ratio of 23.15 and a beta of 1.31. The business's 50-day moving average is $230.78 and its 200-day moving average is $246.35.

Jones Lang LaSalle (NYSE:JLL - Get Free Report) last posted its quarterly earnings results on Wednesday, May 7th. The financial services provider reported $2.31 earnings per share for the quarter, beating analysts' consensus estimates 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 for the quarter, compared to analysts' expectations of $5.65 billion. During the same quarter in the prior year, the business earned $1.78 EPS. The firm's revenue for the quarter was up 12.1% on a year-over-year basis. Sell-side analysts anticipate that Jones Lang LaSalle Incorporated will post 16.45 earnings per share for the current year.

Analyst Upgrades and Downgrades

Several equities research analysts have issued reports on the company. UBS Group lowered their price target 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. JPMorgan Chase & Co. cut their price target on shares of Jones Lang LaSalle from $327.00 to $285.00 and set an "overweight" rating on the stock in a research note on Thursday, April 10th. Citigroup lowered their price objective on shares of 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. 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. Finally, Keefe, Bruyette & Woods lowered their target price on Jones Lang LaSalle from $325.00 to $280.00 and set an "outperform" rating for the company in a 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's stock. According to data from MarketBeat, the stock presently has a consensus rating of "Buy" and an average target price of $305.00.

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.