Federated Hermes Inc. Buys 5,415 Shares of Jones Lang LaSalle Incorporated (NYSE:JLL)

Federated Hermes Inc. boosted its position in shares of Jones Lang LaSalle Incorporated (NYSE:JLL - Free Report) by 93.2% in the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 11,222 shares of the financial services provider's stock after purchasing an additional 5,415 shares during the period. Federated Hermes Inc.'s holdings in Jones Lang LaSalle were worth $2,782,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. EdgePoint Investment Group Inc. increased its position in Jones Lang LaSalle by 5.7% during the fourth quarter. EdgePoint Investment Group Inc. now owns 1,639,526 shares of the financial services provider's stock worth $415,030,000 after acquiring an additional 88,479 shares during the period. Invesco Ltd. lifted its stake in shares of Jones Lang LaSalle by 0.9% in the fourth quarter. Invesco Ltd. now owns 944,623 shares of the financial services provider's stock valued at $239,122,000 after buying an additional 8,274 shares during the period. Northern Trust Corp raised its holdings in Jones Lang LaSalle by 1.3% in 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. SG Americas Securities LLC lifted its position in shares of Jones Lang LaSalle by 51.5% in the 1st quarter. SG Americas Securities LLC now owns 422,688 shares of the financial services provider's stock worth $104,789,000 after acquiring an additional 143,623 shares during the period. Finally, Bamco Inc. NY increased its position in shares of Jones Lang LaSalle by 33.6% during the fourth quarter. Bamco Inc. NY now owns 420,366 shares of the financial services provider's stock valued at $106,411,000 after purchasing an additional 105,656 shares during the period. Institutional investors own 94.80% of the company's stock.

Wall Street Analyst Weigh In

Several equities analysts recently commented on JLL shares. JMP Securities assumed coverage on Jones Lang LaSalle in a research report on Monday, July 21st. They set a "market perform" rating for the company. Keefe, Bruyette & Woods lifted their price target on shares of Jones Lang LaSalle from $280.00 to $297.00 and gave the stock an "outperform" rating in a research report on Thursday, July 24th. Citigroup reduced their target price on Jones Lang LaSalle from $275.00 to $240.00 and set a "neutral" rating on the stock in a report on Wednesday, May 28th. JPMorgan Chase & Co. cut 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 report on Thursday, April 10th. Finally, Wall Street Zen cut Jones Lang LaSalle from a "buy" rating to a "hold" rating in a research note on Monday, July 28th. Four equities research analysts have rated the stock with a hold rating, five have assigned a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat.com, the stock has an average rating of "Moderate Buy" and an average target price of $312.43.

Jones Lang LaSalle Stock Up 1.1%

JLL stock traded up $2.97 during trading on Wednesday, reaching $275.99. 824,779 shares of the stock were exchanged, compared to its average volume of 400,986. 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 Incorporated has a twelve month low of $194.36 and a twelve month high of $288.50. The firm has a market cap of $13.10 billion, a P/E ratio of 24.95 and a beta of 1.38. The firm's 50 day moving average is $249.22 and its 200 day moving average is $247.71.

Jones Lang LaSalle (NYSE:JLL - Get Free Report) last issued its quarterly earnings data on Wednesday, August 6th. The financial services provider reported $3.30 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $3.20 by $0.10. The business had revenue of $6.25 billion during the quarter, compared to the consensus estimate of $6.17 billion. Jones Lang LaSalle had a net margin of 2.23% and a return on equity of 10.37%. The firm's quarterly revenue was up 11.0% compared to the same quarter last year. During the same period in the prior year, the firm posted $2.55 EPS. As a group, research analysts forecast that Jones Lang LaSalle Incorporated will post 16.45 EPS for the current year.

Insider Activity

In related news, CEO Andrew W. Poppink sold 275 shares of the firm'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 transaction, the chief executive officer directly owned 10,297 shares of the company's stock, valued at approximately $2,450,377.09. This trade represents a 2.60% decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through this link. Company insiders own 0.91% of the company's stock.

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.