Dimensional Fund Advisors LP Sells 112,375 Shares of Jones Lang LaSalle Incorporated $JLL

Key Points

• Dimensional Fund Advisors LP reduced its stake in Jones Lang LaSalle by 9.9%, selling 112,375 shares and now holds 2.15% of the company, valued at $253.3 million.
• Several institutional investors, including Allianz Asset Management and GAMMA Investing LLC, significantly increased their shares in Jones Lang LaSalle during the first quarter.
• JLL's stock received mixed analyst ratings, with Citigroup lowering its target price from $275 to $240, while UBS Group raised its target from $305 to $340, reflecting varied market sentiment.

Dimensional Fund Advisors LP decreased its stake in shares of Jones Lang LaSalle Incorporated (NYSE:JLL - Free Report) by 9.9% during the 1st quarter, according to the company in its most recent filing with the SEC. The firm owned 1,021,954 shares of the financial services provider's stock after selling 112,375 shares during the quarter. Dimensional Fund Advisors LP owned 2.15% of Jones Lang LaSalle worth $253,336,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds also recently made changes to their positions in the stock. EdgePoint Investment Group Inc. increased its holdings in shares of Jones Lang LaSalle by 5.7% during the 4th quarter. EdgePoint Investment Group Inc. now owns 1,639,526 shares of the financial services provider's stock worth $415,030,000 after purchasing an additional 88,479 shares during the period. Invesco Ltd. boosted its position in shares of Jones Lang LaSalle by 1.8% during the 1st quarter. Invesco Ltd. now owns 961,959 shares of the financial services provider's stock valued at $238,479,000 after acquiring an additional 17,336 shares in the last quarter. Vulcan Value Partners LLC boosted its position in shares of Jones Lang LaSalle by 22.9% during the 1st quarter. Vulcan Value Partners LLC now owns 536,063 shares of the financial services provider's stock valued at $132,828,000 after acquiring an additional 99,837 shares in the last quarter. Northern Trust Corp boosted its position in shares of Jones Lang LaSalle by 1.3% during the 4th quarter. Northern Trust Corp now owns 450,735 shares of the financial services provider's stock valued at $114,099,000 after acquiring an additional 5,572 shares in the last quarter. Finally, SG Americas Securities LLC boosted its position in shares of Jones Lang LaSalle by 51.5% during the 1st quarter. SG Americas Securities LLC now owns 422,688 shares of the financial services provider's stock valued at $104,789,000 after acquiring an additional 143,623 shares in the last quarter. Institutional investors own 94.80% of the company's stock.

Jones Lang LaSalle Trading Up 3.7%

Shares of JLL traded up $10.7020 on Friday, reaching $303.6020. 479,194 shares of the company's stock were exchanged, compared to its average volume of 503,633. Jones Lang LaSalle Incorporated has a 12 month low of $194.36 and a 12 month high of $306.22. The company has a current ratio of 2.35, a quick ratio of 2.35 and a debt-to-equity ratio of 0.16. The stock has a market capitalization of $14.38 billion, a P/E ratio of 26.11 and a beta of 1.38. The business has a 50 day moving average price of $264.69 and a two-hundred day moving average price of $249.04.

Jones Lang LaSalle (NYSE:JLL - Get Free Report) last issued its earnings results on Wednesday, August 6th. The financial services provider reported $3.30 EPS for the quarter, beating the consensus estimate of $3.20 by $0.10. Jones Lang LaSalle had a net margin of 2.28% and a return on equity of 10.63%. The firm had revenue of $6.25 billion during the quarter, compared to the consensus estimate of $6.17 billion. During the same quarter in the prior year, the firm earned $2.55 earnings per share. The business's quarterly revenue was up 11.0% on a year-over-year basis. Research analysts anticipate that Jones Lang LaSalle Incorporated will post 16.45 earnings per share for the current year.

Insider Buying and Selling

In other Jones Lang LaSalle news, CEO Andrew W. Poppink sold 275 shares of the company's stock in a transaction that occurred on Friday, June 20th. The shares were sold at an average price of $237.97, for a total value of $65,441.75. Following the completion of the sale, the chief executive officer owned 10,297 shares of the company's stock, valued at approximately $2,450,377.09. This represents a 2.60% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders own 0.91% of the company's stock.

Analyst Upgrades and Downgrades

JLL has been the topic of several recent research reports. UBS Group lifted their target price on shares of Jones Lang LaSalle from $305.00 to $340.00 and gave the company a "buy" rating in a research report on Wednesday, July 2nd. JMP Securities initiated coverage on shares of Jones Lang LaSalle in a research report on Monday, July 21st. They set a "market perform" rating on the stock. Citizens Jmp assumed coverage on shares of Jones Lang LaSalle in a research report on Monday, July 21st. They set a "market perform" rating on the stock. Wall Street Zen lowered shares of Jones Lang LaSalle from a "buy" rating to a "hold" rating in a research report on Saturday. Finally, Keefe, Bruyette & Woods boosted their price target on shares of Jones Lang LaSalle from $280.00 to $297.00 and gave the company an "outperform" rating in a research report on Thursday, July 24th. One analyst has rated the stock with a Strong Buy rating, five have assigned a Buy rating and three have given a Hold rating to the stock. According to data from MarketBeat.com, Jones Lang LaSalle presently has a consensus rating of "Moderate Buy" and an average price target of $316.14.

Jones Lang LaSalle 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.