Jones Lang LaSalle Incorporated $JLL Stock Holdings Trimmed by Great Lakes Advisors LLC

Key Points

• Great Lakes Advisors LLC has reduced its stake in Jones Lang LaSalle Incorporated (JLL) by 4.2%, now holding 47,406 shares valued at approximately $11.75 million.
• Institutional investors own a significant 94.80% of Jones Lang LaSalle's stock, indicating strong interest from larger financial entities.
• Analysts have mostly rated JLL positively, with price targets suggesting potential increases, the highest being set by Goldman Sachs at $378.00.

Great Lakes Advisors LLC lessened its holdings in shares of Jones Lang LaSalle Incorporated (NYSE:JLL - Free Report) by 4.2% in the first quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 47,406 shares of the financial services provider's stock after selling 2,056 shares during the quarter. Great Lakes Advisors LLC owned 0.10% of Jones Lang LaSalle worth $11,752,000 at the end of the most recent quarter.

A number of other hedge funds have also recently bought and sold shares of the business. EdgePoint Investment Group Inc. grew its stake in Jones Lang LaSalle by 11.9% during the 1st quarter. EdgePoint Investment Group Inc. now owns 1,835,344 shares of the financial services provider's stock valued at $455,000,000 after purchasing an additional 195,818 shares in the last quarter. Select Equity Group L.P. grew its stake in Jones Lang LaSalle by 50.7% during the 1st quarter. Select Equity Group L.P. now owns 1,062,069 shares of the financial services provider's stock valued at $263,298,000 after purchasing an additional 357,469 shares in the last quarter. Invesco Ltd. grew its position in shares of Jones Lang LaSalle by 1.8% in the 1st quarter. Invesco Ltd. now owns 961,959 shares of the financial services provider's stock worth $238,479,000 after acquiring an additional 17,336 shares in the last quarter. Northern Trust Corp grew its position in shares of Jones Lang LaSalle by 21.6% in the 1st quarter. Northern Trust Corp now owns 548,227 shares of the financial services provider's stock worth $135,911,000 after acquiring an additional 97,492 shares in the last quarter. Finally, Vulcan Value Partners LLC grew its position in shares of Jones Lang LaSalle by 22.9% in the 1st quarter. Vulcan Value Partners LLC now owns 536,063 shares of the financial services provider's stock worth $132,828,000 after acquiring an additional 99,837 shares in the last quarter. Institutional investors and hedge funds own 94.80% of the company's stock.

Jones Lang LaSalle Stock Performance

NYSE:JLL traded down $1.99 during midday trading on Friday, reaching $312.42. 523,801 shares of the company traded hands, compared to its average volume of 393,673. Jones Lang LaSalle Incorporated has a twelve month low of $194.36 and a twelve month high of $316.79. The firm has a market capitalization of $14.80 billion, a price-to-earnings ratio of 26.86 and a beta of 1.41. The company has a debt-to-equity ratio of 0.16, a current ratio of 2.35 and a quick ratio of 2.35. The company has a fifty day moving average price of $282.09 and a 200 day moving average price of $252.00.

Jones Lang LaSalle (NYSE:JLL - Get Free Report) last released its quarterly earnings data on Wednesday, August 6th. The financial services provider reported $3.30 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $3.20 by $0.10. The business had revenue of $6.25 billion during the quarter, compared to analyst estimates of $6.17 billion. Jones Lang LaSalle had a return on equity of 10.63% and a net margin of 2.28%.The business's revenue for the quarter was up 11.0% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $2.55 EPS. On average, analysts expect that Jones Lang LaSalle Incorporated will post 16.45 EPS for the current fiscal year.

Analysts Set New Price Targets

JLL has been the subject of several research reports. Citizens Jmp initiated coverage on Jones Lang LaSalle in a research report on Monday, July 21st. They issued a "market perform" rating for the company. The Goldman Sachs Group lifted their target price on Jones Lang LaSalle from $338.00 to $378.00 and gave the stock a "buy" rating in a research report on Wednesday, August 13th. JMP Securities initiated coverage on Jones Lang LaSalle in a research report on Monday, July 21st. They issued a "market perform" rating for the company. Wall Street Zen upgraded Jones Lang LaSalle from a "hold" rating to a "buy" rating in a research report on Sunday, August 31st. Finally, Keefe, Bruyette & Woods boosted their price objective on Jones Lang LaSalle from $280.00 to $297.00 and gave the company an "outperform" rating in a research report on Thursday, July 24th. One analyst has rated the stock with a Strong Buy rating, five have issued a Buy rating and three have issued a Hold rating to the company's stock. According to MarketBeat, the stock has an average rating of "Moderate Buy" and an average price target of $328.57.

Insiders Place Their Bets

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 sale, the chief executive officer 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 legal filing with the Securities & Exchange Commission, which is available at this hyperlink. 0.91% of the stock is owned by insiders.

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.