Calamos Advisors LLC Decreases Stock Position in Jones Lang LaSalle Incorporated (NYSE:JLL)

Calamos Advisors LLC lessened its stake in shares of Jones Lang LaSalle Incorporated (NYSE:JLL - Free Report) by 45.3% in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 3,949 shares of the financial services provider's stock after selling 3,268 shares during the quarter. Calamos Advisors LLC's holdings in Jones Lang LaSalle were worth $979,000 as of its most recent SEC filing.

Other hedge funds also recently bought and sold shares of the company. Tidal Investments LLC raised its holdings in Jones Lang LaSalle by 4.7% in the fourth quarter. Tidal Investments LLC now owns 846 shares of the financial services provider's stock valued at $214,000 after acquiring an additional 38 shares in the last quarter. Ellevest Inc. raised its holdings in Jones Lang LaSalle by 3.7% in the fourth quarter. Ellevest Inc. now owns 1,326 shares of the financial services provider's stock valued at $336,000 after acquiring an additional 47 shares in the last quarter. CIBC Private Wealth Group LLC raised its holdings in 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 acquiring an additional 50 shares in the last quarter. Bessemer Group Inc. raised its holdings in 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 valued at $3,062,000 after acquiring an additional 50 shares in the last quarter. Finally, Hancock Whitney Corp raised its holdings in Jones Lang LaSalle by 1.3% in the fourth quarter. Hancock Whitney Corp now owns 4,289 shares of the financial services provider's stock valued at $1,086,000 after acquiring an additional 55 shares in the last quarter. Hedge funds and other institutional investors own 94.80% of the company's stock.

Jones Lang LaSalle Price Performance

Shares of NYSE:JLL traded up $4.34 during midday trading on Thursday, hitting $259.64. 474,581 shares of the stock were exchanged, compared to its average volume of 352,897. The company has a 50 day moving average price of $236.68 and a 200-day moving average price of $246.39. Jones Lang LaSalle Incorporated has a twelve month low of $194.36 and a twelve month high of $288.50. The stock has a market cap of $12.33 billion, a P/E ratio of 23.48 and a beta of 1.34. The company has a current ratio of 2.01, a quick ratio of 2.01 and a debt-to-equity ratio of 0.17.

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 EPS for the quarter, beating the consensus estimate of $2.02 by $0.29. The company 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 revenue was up 12.1% on a year-over-year basis. During the same quarter in the previous year, the business earned $1.78 EPS. On average, research analysts forecast that Jones Lang LaSalle Incorporated will post 16.45 earnings per share for the current year.

Insider Activity

In other news, CEO Andrew W. Poppink sold 275 shares of the business'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 completion of the sale, the chief executive officer owned 10,297 shares in the company, valued at approximately $2,450,377.09. The trade was a 2.60% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Insiders own 0.91% of the company's stock.

Analyst Ratings Changes

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