Jones Lang LaSalle Incorporated (NYSE:JLL) Shares Sold by Edgestream Partners L.P.

Edgestream Partners L.P. lessened its stake in shares of Jones Lang LaSalle Incorporated (NYSE:JLL - Free Report) by 75.8% during the first quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 3,320 shares of the financial services provider's stock after selling 10,412 shares during the quarter. Edgestream Partners L.P.'s holdings in Jones Lang LaSalle were worth $823,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently made changes to their positions in the company. HighTower Advisors LLC lifted its holdings in Jones Lang LaSalle by 8.6% during the fourth quarter. HighTower Advisors LLC now owns 3,611 shares of the financial services provider's stock valued at $914,000 after purchasing an additional 286 shares in the last quarter. Envestnet Portfolio Solutions Inc. grew its holdings in shares of Jones Lang LaSalle by 3.6% in the fourth quarter. Envestnet Portfolio Solutions Inc. now owns 3,211 shares of the financial services provider's stock worth $813,000 after purchasing an additional 112 shares during the last quarter. Xponance Inc. raised its position in shares of Jones Lang LaSalle by 7.3% in the 4th quarter. Xponance Inc. now owns 6,903 shares of the financial services provider's stock worth $1,747,000 after acquiring an additional 472 shares in the last quarter. Vinva Investment Management Ltd boosted its holdings in shares of Jones Lang LaSalle by 57.7% in the 4th quarter. Vinva Investment Management Ltd now owns 1,107 shares of the financial services provider's stock valued at $280,000 after buying an additional 405 shares in the last quarter. Finally, Teacher Retirement System of Texas boosted its stake in Jones Lang LaSalle by 16.3% in the 4th quarter. Teacher Retirement System of Texas now owns 44,077 shares of the financial services provider's stock worth $11,158,000 after purchasing an additional 6,172 shares in the last quarter. Hedge funds and other institutional investors own 94.80% of the company's stock.

Wall Street Analysts Forecast Growth

Several analysts have weighed in on the company. UBS Group boosted their price target 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. Wall Street Zen raised shares of Jones Lang LaSalle from a "hold" rating to a "buy" rating in a report on Sunday. JMP Securities initiated coverage on shares of Jones Lang LaSalle in a report on Monday. They issued a "market perform" rating for the company. JPMorgan Chase & Co. dropped their price target on Jones Lang LaSalle from $327.00 to $285.00 and set an "overweight" rating for the company in a research report on Thursday, April 10th. Finally, Keefe, Bruyette & Woods dropped their price objective on shares of Jones Lang LaSalle from $325.00 to $280.00 and set an "outperform" rating for the company in a report on Thursday, April 17th. Three investment analysts have rated the stock with a hold rating, six have issued a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat.com, Jones Lang LaSalle has a consensus rating of "Moderate Buy" and a consensus target price of $310.00.

Jones Lang LaSalle Stock Up 0.4%

Shares of NYSE JLL traded up $1.11 during midday trading on Wednesday, hitting $261.15. The company's stock had a trading volume of 237,506 shares, compared to its average volume of 355,130. The business's fifty day simple moving average is $240.68 and its two-hundred day simple moving average is $246.42. The company has a debt-to-equity ratio of 0.17, a current ratio of 2.01 and a quick ratio of 2.01. Jones Lang LaSalle Incorporated has a 1 year low of $194.36 and a 1 year high of $288.50. The firm has a market capitalization of $12.40 billion, a price-to-earnings ratio of 23.61 and a beta of 1.34.

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 the consensus estimate of $2.02 by $0.29. The firm had revenue of $5.75 billion for the quarter, compared to analysts' expectations of $5.65 billion. Jones Lang LaSalle had a net margin of 2.23% and a return on equity of 10.37%. The firm's revenue was up 12.1% compared to the same quarter last year. During the same quarter last year, the company earned $1.78 earnings per share. On average, equities analysts predict that Jones Lang LaSalle Incorporated will post 16.45 EPS for the current year.

Insiders Place Their Bets

In related news, CEO Andrew W. Poppink sold 275 shares of Jones Lang LaSalle stock in a transaction 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 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 position. 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 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.