Jones Lang LaSalle Incorporated (NYSE:JLL) Shares Purchased by Bridges Investment Management Inc.

Bridges Investment Management Inc. boosted its position in shares of Jones Lang LaSalle Incorporated (NYSE:JLL - Free Report) by 120.0% in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 4,447 shares of the financial services provider's stock after buying an additional 2,426 shares during the period. Bridges Investment Management Inc.'s holdings in Jones Lang LaSalle were worth $1,102,000 at the end of the most recent quarter.

Other hedge funds have also made changes to their positions in the company. Tidal Investments LLC increased its position in shares of Jones Lang LaSalle by 4.7% during the fourth quarter. Tidal Investments LLC now owns 846 shares of the financial services provider's stock worth $214,000 after purchasing an additional 38 shares in the last quarter. Ellevest Inc. grew its holdings in shares of Jones Lang LaSalle by 3.7% during the fourth quarter. Ellevest Inc. now owns 1,326 shares of the financial services provider's stock worth $336,000 after buying an additional 47 shares in the last quarter. CIBC Private Wealth Group LLC raised its position in shares of Jones Lang LaSalle by 25.0% in the fourth quarter. CIBC Private Wealth Group LLC now owns 250 shares of the financial services provider's stock valued at $62,000 after buying an additional 50 shares during the last quarter. Bessemer Group Inc. lifted its stake in shares of Jones Lang LaSalle by 0.4% in the fourth quarter. Bessemer Group Inc. now owns 12,096 shares of the financial services provider's stock worth $3,062,000 after buying an additional 50 shares in the last quarter. Finally, Hancock Whitney Corp boosted its position in Jones Lang LaSalle by 1.3% during the fourth quarter. Hancock Whitney Corp now owns 4,289 shares of the financial services provider's stock worth $1,086,000 after acquiring an additional 55 shares during the last quarter. Institutional investors and hedge funds own 94.80% of the company's stock.

Insider Transactions at Jones Lang LaSalle

In other news, CEO Andrew W. Poppink sold 275 shares of the firm's 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 transaction, the chief executive officer directly owned 10,297 shares in the company, valued at $2,450,377.09. This trade represents a 2.60% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. 0.91% of the stock is currently owned by insiders.

Jones Lang LaSalle Trading Down 0.9%

Shares of Jones Lang LaSalle stock traded down $2.29 during trading hours on Friday, hitting $257.40. The company's stock had a trading volume of 396,141 shares, compared to its average volume of 353,757. The firm has a fifty day moving average of $237.75 and a 200-day moving average of $246.32. 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 cap of $12.22 billion, a price-to-earnings ratio of 23.27 and a beta of 1.34. Jones Lang LaSalle Incorporated has a twelve month low of $194.36 and a twelve month high of $288.50.

Jones Lang LaSalle (NYSE:JLL - Get Free Report) last announced 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 net margin of 2.23% and a return on equity of 10.37%. The business had revenue of $5.75 billion during the quarter, compared to analysts' expectations of $5.65 billion. During the same period last year, the business earned $1.78 earnings per share. The business's revenue for the quarter was up 12.1% on a year-over-year basis. Research analysts forecast that Jones Lang LaSalle Incorporated will post 16.45 EPS for the current year.

Wall Street Analysts Forecast Growth

A number of analysts have commented on the stock. Wall Street Zen downgraded shares of Jones Lang LaSalle from a "buy" rating to a "hold" rating in a report on Saturday. Citigroup reduced their price objective on Jones Lang LaSalle from $275.00 to $240.00 and set a "neutral" rating on the stock in a research report on Wednesday, May 28th. JPMorgan Chase & Co. lowered their price objective 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. Keefe, Bruyette & Woods cut their target price on Jones Lang LaSalle from $325.00 to $280.00 and set an "outperform" rating for the company in a research note on Thursday, April 17th. Finally, UBS Group upped their price objective on shares of Jones Lang LaSalle from $305.00 to $340.00 and gave the company a "buy" rating in a report on Wednesday, July 2nd. Two investment analysts have rated the stock with a hold rating, five have issued a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and a consensus price target of $310.00.

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.