First National Advisers LLC Has $1.74 Million Holdings in Jones Lang LaSalle Incorporated (NYSE:JLL)

Key Points

• First National Advisers LLC increased its stake in Jones Lang LaSalle by 35.5%, acquiring an additional 1,832 shares, bringing its total holdings to 6,999 shares valued at approximately $1.735 million.
• Several institutional investors, including Bridges Investment Management Inc. and Janney Montgomery Scott LLC, have also raised their stakes in Jones Lang LaSalle recently, highlighting strong investor interest in the company.
• Analysts have mixed views on Jones Lang LaSalle, with UBS Group raising their price target to $340 while Citigroup lowered its target to $240, resulting in an overall consensus rating of "Moderate Buy".

First National Advisers LLC lifted its stake in shares of Jones Lang LaSalle Incorporated (NYSE:JLL - Free Report) by 35.5% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 6,999 shares of the financial services provider's stock after acquiring an additional 1,832 shares during the quarter. First National Advisers LLC's holdings in Jones Lang LaSalle were worth $1,735,000 at the end of the most recent reporting period.

A number of other hedge funds have also made changes to their positions in the stock. TCW Group Inc. grew its position in Jones Lang LaSalle by 1.1% in the first quarter. TCW Group Inc. now owns 263,501 shares of the financial services provider's stock worth $65,325,000 after buying an additional 2,829 shares during the last quarter. LPL Financial LLC grew its position in Jones Lang LaSalle by 94.0% in the first quarter. LPL Financial LLC now owns 23,833 shares of the financial services provider's stock worth $5,908,000 after buying an additional 11,548 shares during the last quarter. HB Wealth Management LLC acquired a new position in Jones Lang LaSalle in the first quarter worth approximately $208,000. Skandinaviska Enskilda Banken AB publ acquired a new position in Jones Lang LaSalle in the first quarter worth approximately $521,000. Finally, Assetmark Inc. grew its position in Jones Lang LaSalle by 56,614.7% in the first quarter. Assetmark Inc. now owns 19,283 shares of the financial services provider's stock worth $4,780,000 after buying an additional 19,249 shares during the last quarter. Institutional investors and hedge funds own 94.80% of the company's stock.

Jones Lang LaSalle Stock Performance

JLL traded up $1.86 during trading on Thursday, hitting $274.24. The stock had a trading volume of 259,380 shares, compared to its average volume of 396,164. The company has a 50 day simple moving average of $245.00 and a 200-day simple moving average of $247.21. Jones Lang LaSalle Incorporated has a 12 month low of $194.36 and a 12 month high of $288.50. The company has a current ratio of 2.01, a quick ratio of 2.01 and a debt-to-equity ratio of 0.17. The firm has a market cap of $13.02 billion, a PE ratio of 24.82 and a beta of 1.34.

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, topping the consensus estimate of $2.02 by $0.29. Jones Lang LaSalle had a net margin of 2.23% and a return on equity of 10.37%. The company had revenue of $5.75 billion for the quarter, compared to the consensus estimate of $5.65 billion. During the same quarter in the previous year, the firm posted $1.78 EPS. The business's revenue was up 12.1% compared to the same quarter last year. Analysts expect that Jones Lang LaSalle Incorporated will post 16.45 EPS for the current year.

Insider Buying and Selling at Jones Lang LaSalle

In other news, CEO Andrew W. Poppink sold 275 shares of Jones Lang LaSalle stock in a transaction dated Friday, June 20th. The shares were sold at an average price of $237.97, for a total transaction of $65,441.75. Following the sale, the chief executive officer directly owned 10,297 shares in the company, valued at approximately $2,450,377.09. The trade was a 2.60% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Company insiders own 0.91% of the company's stock.

Wall Street Analysts Forecast Growth

JLL has been the subject of a number of recent analyst reports. Keefe, Bruyette & Woods raised their price objective on shares of Jones Lang LaSalle from $280.00 to $297.00 and gave the stock an "outperform" rating in a research note on Thursday, July 24th. JPMorgan Chase & Co. decreased their price objective on shares of Jones Lang LaSalle from $327.00 to $285.00 and set an "overweight" rating for the company in a research note on Thursday, April 10th. JMP Securities initiated coverage on shares of Jones Lang LaSalle in a research note on Monday, July 21st. They set a "market perform" rating for the company. Citizens Jmp initiated coverage on shares of Jones Lang LaSalle in a research note on Monday, July 21st. They set a "market perform" rating for the company. Finally, 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 note on Wednesday, July 2nd. Four investment analysts have rated the stock with a hold rating, five have issued a buy rating and one has given a strong buy rating to the company. According to MarketBeat.com, Jones Lang LaSalle currently has an average rating of "Moderate Buy" and a consensus target price of $312.43.

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.