Blair William & Co. IL Purchases 161,371 Shares of Jones Lang LaSalle Incorporated (NYSE:JLL)

Blair William & Co. IL grew its stake in shares of Jones Lang LaSalle Incorporated (NYSE:JLL - Free Report) by 285.8% in the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 217,835 shares of the financial services provider's stock after acquiring an additional 161,371 shares during the quarter. Blair William & Co. IL owned about 0.46% of Jones Lang LaSalle worth $54,003,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Allianz Asset Management GmbH boosted its position in shares of Jones Lang LaSalle by 194.0% in the 1st quarter. Allianz Asset Management GmbH now owns 395,337 shares of the financial services provider's stock valued at $98,008,000 after purchasing an additional 260,847 shares during the period. Marshall Wace LLP grew its holdings in shares of Jones Lang LaSalle by 134.5% during the 4th quarter. Marshall Wace LLP now owns 373,207 shares of the financial services provider's stock worth $94,474,000 after purchasing an additional 214,087 shares in the last quarter. GAMMA Investing LLC boosted its stake in Jones Lang LaSalle by 25,132.7% in the 1st quarter. GAMMA Investing LLC now owns 212,459 shares of the financial services provider's stock valued at $52,671,000 after buying an additional 211,617 shares in the last quarter. Millennium Management LLC boosted its stake in Jones Lang LaSalle by 146.2% in the fourth quarter. Millennium Management LLC now owns 335,451 shares of the financial services provider's stock worth $84,916,000 after purchasing an additional 199,197 shares in the last quarter. Finally, SG Americas Securities LLC boosted its stake in Jones Lang LaSalle by 51.5% in the first quarter. SG Americas Securities LLC now owns 422,688 shares of the financial services provider's stock worth $104,789,000 after purchasing an additional 143,623 shares in the last quarter. Institutional investors and hedge funds own 94.80% of the company's stock.

Analysts Set New Price Targets

JLL has been the subject of a number of recent analyst reports. Wall Street Zen downgraded Jones Lang LaSalle from a "buy" rating to a "hold" rating in a report on Monday, July 28th. Citigroup reduced their price target 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. UBS Group upped their price objective on Jones Lang LaSalle from $305.00 to $340.00 and gave the company a "buy" rating in a research note on Wednesday, July 2nd. JMP Securities initiated coverage on Jones Lang LaSalle in a research note on Monday, July 21st. They set a "market perform" rating on the stock. Finally, JPMorgan Chase & Co. lowered their target price on 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. Four investment analysts have rated the stock with a hold rating, five have given a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat, Jones Lang LaSalle has an average rating of "Moderate Buy" and an average target price of $312.43.

Jones Lang LaSalle Price Performance

Shares of JLL stock traded up $2.48 during trading hours on Tuesday, reaching $272.91. The company's stock had a trading volume of 435,853 shares, compared to its average volume of 395,674. The firm's 50 day simple moving average is $248.20 and its 200-day simple moving average is $247.53. The company has a market capitalization of $12.96 billion, a price-to-earnings ratio of 24.68 and a beta of 1.38. Jones Lang LaSalle Incorporated has a fifty-two week low of $194.36 and a fifty-two week high of $288.50. 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 (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, 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 firm had revenue of $5.75 billion for the quarter, compared to the consensus estimate of $5.65 billion. During the same quarter last year, the business posted $1.78 EPS. The company's revenue was up 12.1% compared to the same quarter last year. Sell-side analysts forecast that Jones Lang LaSalle Incorporated will post 16.45 earnings per share for the current year.

Insider Buying and Selling at Jones Lang LaSalle

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 directly owned 10,297 shares of the company's stock, valued at approximately $2,450,377.09. The trade was a 2.60% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. 0.91% of the stock is currently owned by company insiders.

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.