Bridges Investment Management Inc. Boosts Stake in Jones Lang LaSalle Incorporated (NYSE:JLL)

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

Several other institutional investors have also recently bought and sold shares of JLL. Norges Bank bought a new position in Jones Lang LaSalle in the 4th quarter valued at $149,468,000. Marshall Wace LLP raised its position in shares of Jones Lang LaSalle by 134.5% during the fourth quarter. Marshall Wace LLP now owns 373,207 shares of the financial services provider's stock worth $94,474,000 after acquiring an additional 214,087 shares during the last quarter. GAMMA Investing LLC increased its holdings in Jones Lang LaSalle by 25,132.7% in the first quarter. GAMMA Investing LLC now owns 212,459 shares of the financial services provider's stock valued at $52,671,000 after purchasing an additional 211,617 shares during the last quarter. Millennium Management LLC increased its holdings 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 valued at $84,916,000 after purchasing an additional 199,197 shares during the last quarter. Finally, SG Americas Securities LLC increased its holdings 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 valued at $104,789,000 after purchasing an additional 143,623 shares during the last quarter. Institutional investors own 94.80% of the company's stock.

Insider Activity at Jones Lang LaSalle

In other Jones Lang LaSalle news, CEO Andrew W. Poppink sold 275 shares of the firm's 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 sale, the chief executive officer 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 document filed with the SEC, which is available at this hyperlink. 0.91% of the stock is owned by insiders.

Jones Lang LaSalle Stock Performance

Shares of JLL traded down $2.51 on Friday, reaching $257.18. 186,782 shares of the company's stock traded hands, compared to its average volume of 352,891. The company has a current ratio of 2.01, a quick ratio of 2.01 and a debt-to-equity ratio of 0.17. The stock's 50 day simple moving average is $237.29 and its two-hundred day simple moving average is $246.43. Jones Lang LaSalle Incorporated has a 52-week low of $194.36 and a 52-week high of $288.50. The stock has a market cap of $12.21 billion, a PE ratio of 23.25 and a beta of 1.34.

Jones Lang LaSalle (NYSE:JLL - Get Free Report) last released its earnings results on Wednesday, May 7th. The financial services provider reported $2.31 earnings per share (EPS) for the quarter, topping 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 during the quarter, compared to the consensus estimate of $5.65 billion. During the same period last year, the business posted $1.78 earnings per share. The business's revenue for the quarter was up 12.1% on a year-over-year basis. On average, analysts forecast that Jones Lang LaSalle Incorporated will post 16.45 earnings per share for the current fiscal year.

Analysts Set New Price Targets

Several research analysts have recently weighed in on JLL shares. Keefe, Bruyette & Woods reduced their price objective on Jones Lang LaSalle from $325.00 to $280.00 and set an "outperform" rating for the company in a research report on Thursday, April 17th. JPMorgan Chase & Co. lowered their price target on Jones Lang LaSalle from $327.00 to $285.00 and set an "overweight" rating on the stock in a research report on Thursday, April 10th. Citigroup lowered their price target 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. UBS Group lifted their target price on Jones Lang LaSalle from $305.00 to $340.00 and gave the stock a "buy" rating in a research note on Wednesday, July 2nd. Finally, Wall Street Zen downgraded Jones Lang LaSalle from a "strong-buy" rating to a "buy" rating in a research note on Tuesday, May 13th. One investment analyst has rated the stock with a hold rating, six have given a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat.com, the stock has an average rating of "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.