Jones Lang LaSalle Incorporated (NYSE:JLL) Shares Purchased by Equity Investment Corp

Equity Investment Corp raised its position in shares of Jones Lang LaSalle Incorporated (NYSE:JLL - Free Report) by 4.8% during the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 337,483 shares of the financial services provider's stock after purchasing an additional 15,482 shares during the quarter. Equity Investment Corp owned 0.71% of Jones Lang LaSalle worth $83,665,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently modified their holdings of the company. Golden State Wealth Management LLC bought a new position in Jones Lang LaSalle in the 1st quarter worth $33,000. Western Pacific Wealth Management LP bought a new position in shares of Jones Lang LaSalle in the first quarter worth about $41,000. CIBC Private Wealth Group LLC grew its position in shares of Jones Lang LaSalle by 25.0% during the fourth quarter. CIBC Private Wealth Group LLC now owns 250 shares of the financial services provider's stock worth $62,000 after purchasing an additional 50 shares in the last quarter. Versant Capital Management Inc raised its stake in Jones Lang LaSalle by 356.3% during the 1st quarter. Versant Capital Management Inc now owns 324 shares of the financial services provider's stock valued at $80,000 after purchasing an additional 253 shares during the period. Finally, Farther Finance Advisors LLC lifted its holdings in Jones Lang LaSalle by 39.9% in the 1st quarter. Farther Finance Advisors LLC now owns 368 shares of the financial services provider's stock worth $91,000 after purchasing an additional 105 shares in the last quarter. 94.80% of the stock is owned by hedge funds and other institutional investors.

Insider Activity at Jones Lang LaSalle

In other Jones Lang LaSalle news, CEO Andrew W. Poppink sold 275 shares of Jones Lang LaSalle stock in a transaction on 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 directly owned 10,297 shares of the company's stock, valued at $2,450,377.09. The trade was a 2.60% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Company insiders own 0.91% of the company's stock.

Wall Street Analyst Weigh In

JLL has been the subject of several research analyst reports. UBS Group raised 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 note on Wednesday, July 2nd. Citigroup cut their price objective on Jones Lang LaSalle from $275.00 to $240.00 and set a "neutral" rating for the company in a research report on Wednesday, May 28th. Keefe, Bruyette & Woods decreased their target price on 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. JPMorgan Chase & Co. cut their price target on Jones Lang LaSalle from $327.00 to $285.00 and set an "overweight" rating for the company in a report on Thursday, April 10th. Finally, Wall Street Zen cut Jones Lang LaSalle from a "buy" rating to a "hold" rating in a report on Saturday, July 12th. Two research analysts have rated the stock with a hold rating, five have given a buy rating and one has assigned a strong buy rating to the company's stock. According to MarketBeat.com, Jones Lang LaSalle has an average rating of "Moderate Buy" and an average target price of $310.00.

Jones Lang LaSalle Trading Up 0.5%

Shares of NYSE:JLL traded up $1.25 during trading on Thursday, hitting $251.71. The company had a trading volume of 226,945 shares, compared to its average volume of 353,705. Jones Lang LaSalle Incorporated has a one year low of $194.36 and a one year high of $288.50. The stock has a market cap of $11.95 billion, a price-to-earnings ratio of 22.78 and a beta of 1.34. The company has a debt-to-equity ratio of 0.17, a current ratio of 2.01 and a quick ratio of 2.01. The company has a fifty day simple moving average of $239.04 and a two-hundred day simple moving average of $246.39.

Jones Lang LaSalle (NYSE:JLL - Get Free Report) last posted its quarterly earnings data 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. 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%. Jones Lang LaSalle's revenue was up 12.1% compared to the same quarter last year. During the same quarter in the previous year, the business earned $1.78 EPS. As a group, equities analysts forecast that Jones Lang LaSalle Incorporated will post 16.45 earnings per share for the current year.

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.