Bessemer Group Inc. Sells 6,487 Shares of Jones Lang LaSalle Incorporated (NYSE:JLL)

Bessemer Group Inc. reduced its stake in shares of Jones Lang LaSalle Incorporated (NYSE:JLL - Free Report) by 53.6% in the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 5,609 shares of the financial services provider's stock after selling 6,487 shares during the quarter. Bessemer Group Inc.'s holdings in Jones Lang LaSalle were worth $1,391,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Private Trust Co. NA lifted its holdings 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 valued at $27,000 after acquiring an additional 56 shares during the period. Western Pacific Wealth Management LP bought a new position in shares of Jones Lang LaSalle during the first quarter valued at $41,000. CIBC Private Wealth Group LLC increased its holdings in Jones Lang LaSalle by 25.0% during the 4th quarter. CIBC Private Wealth Group LLC now owns 250 shares of the financial services provider's stock valued at $62,000 after purchasing an additional 50 shares in the last quarter. Versant Capital Management Inc increased its holdings in Jones Lang LaSalle by 356.3% during the 1st quarter. Versant Capital Management Inc now owns 324 shares of the financial services provider's stock valued at $80,000 after purchasing an additional 253 shares in the last quarter. Finally, Farther Finance Advisors LLC increased its holdings in Jones Lang LaSalle by 39.9% during the 1st quarter. Farther Finance Advisors LLC now owns 368 shares of the financial services provider's stock valued at $91,000 after purchasing an additional 105 shares in the last quarter. 94.80% of the stock is owned by institutional investors.

Jones Lang LaSalle Stock Up 1.5%

Shares of Jones Lang LaSalle stock opened at $257.32 on Monday. The company has a quick ratio of 2.01, a current ratio of 2.01 and a debt-to-equity ratio of 0.17. Jones Lang LaSalle Incorporated has a 12 month low of $194.36 and a 12 month high of $288.50. The business has a fifty day simple moving average of $230.78 and a 200 day simple moving average of $246.35. The stock has a market cap of $12.21 billion, a PE 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 EPS 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 analysts' expectations of $5.65 billion. Jones Lang LaSalle had a return on equity of 10.37% and a net margin of 2.23%. The firm's quarterly revenue was up 12.1% compared to the same quarter last year. During the same period in the previous year, the firm earned $1.78 earnings per share. Research analysts predict that Jones Lang LaSalle Incorporated will post 16.45 EPS for the current year.

Analysts Set New Price Targets

JLL has been the subject of a number of recent analyst reports. Keefe, Bruyette & Woods dropped their price target 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. Citigroup dropped their price target on Jones Lang LaSalle from $275.00 to $240.00 and set a "neutral" rating for the company in a report on Wednesday, May 28th. Wall Street Zen cut Jones Lang LaSalle from a "strong-buy" rating to a "buy" rating in a report on Tuesday, May 13th. UBS Group dropped 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. Finally, JPMorgan Chase & Co. lowered their target price 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. One analyst has rated the stock with a hold rating, six have given a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat.com, the company currently has a consensus rating of "Buy" and a consensus price target of $305.00.

Insiders Place Their Bets

In other Jones Lang LaSalle news, CEO Andrew W. Poppink sold 275 shares of Jones Lang LaSalle stock in a transaction dated 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 now directly 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 transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Corporate insiders own 0.91% of the company's stock.

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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