Envestnet Asset Management Inc. Raises Stock Holdings in Jones Lang LaSalle Incorporated (NYSE:JLL)

Envestnet Asset Management Inc. increased its holdings in Jones Lang LaSalle Incorporated (NYSE:JLL - Free Report) by 21.0% during the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 196,765 shares of the financial services provider's stock after acquiring an additional 34,187 shares during the quarter. Envestnet Asset Management Inc. owned approximately 0.41% of Jones Lang LaSalle worth $48,780,000 at the end of the most recent quarter.

A number of other institutional investors have also modified their holdings of the business. Concurrent Investment Advisors LLC increased its stake in Jones Lang LaSalle by 0.8% in the 1st quarter. Concurrent Investment Advisors LLC now owns 25,664 shares of the financial services provider's stock valued at $6,362,000 after buying an additional 204 shares during the period. Truist Financial Corp increased its stake in Jones Lang LaSalle by 13.2% in the 1st quarter. Truist Financial Corp now owns 206,987 shares of the financial services provider's stock valued at $51,314,000 after buying an additional 24,159 shares during the period. OneDigital Investment Advisors LLC acquired a new position in Jones Lang LaSalle in the 1st quarter valued at $271,000. TKG Advisors LLC increased its stake in Jones Lang LaSalle by 6.0% in the 1st quarter. TKG Advisors LLC now owns 21,137 shares of the financial services provider's stock valued at $5,240,000 after buying an additional 1,202 shares during the period. Finally, Oregon Public Employees Retirement Fund increased its stake in Jones Lang LaSalle by 1.1% in the 1st quarter. Oregon Public Employees Retirement Fund now owns 9,721 shares of the financial services provider's stock valued at $2,410,000 after buying an additional 110 shares during the period. 94.80% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

JLL has been the topic of several research analyst reports. JPMorgan Chase & Co. decreased their target price on shares of 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. Wall Street Zen lowered shares of Jones Lang LaSalle from a "buy" rating to a "hold" rating in a research report on Saturday. Citigroup decreased 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. Keefe, Bruyette & Woods decreased 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. Finally, UBS Group upped their price target 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 analysts have rated the stock with a hold rating, five have given a buy rating and one has given a strong buy rating to the company's stock. According to MarketBeat, the company currently has a consensus rating of "Moderate Buy" and a consensus price target of $310.00.

Insider Buying and Selling

In related news, CEO Andrew W. Poppink sold 275 shares of the stock in a transaction dated Friday, June 20th. The stock was sold at an average price of $237.97, for a total value of $65,441.75. Following the completion of the transaction, 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 SEC, which is accessible through this link. Corporate insiders own 0.91% of the company's stock.

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 business has a fifty day moving average of $237.75 and a 200 day moving average of $246.38. The company has a quick ratio of 2.01, a current ratio of 2.01 and a debt-to-equity ratio of 0.17. Jones Lang LaSalle Incorporated has a 1-year low of $194.36 and a 1-year high of $288.50. The company has a market capitalization of $12.22 billion, a PE ratio of 23.27 and a beta of 1.34.

Jones Lang LaSalle (NYSE:JLL - Get Free Report) last posted its earnings results on Wednesday, May 7th. The financial services provider reported $2.31 earnings per share (EPS) for the quarter, beating 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 analyst estimates of $5.65 billion. During the same quarter last year, the firm earned $1.78 earnings per share. The company's revenue for the quarter was up 12.1% compared to the same quarter last year. As a group, equities analysts forecast that Jones Lang LaSalle Incorporated will post 16.45 EPS for the current year.

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.