Jones Lang LaSalle Incorporated (NYSE:JLL) Shares Acquired by Hunter Associates Investment Management LLC

Hunter Associates Investment Management LLC boosted its position in Jones Lang LaSalle Incorporated (NYSE:JLL - Free Report) by 9.3% in the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 14,057 shares of the financial services provider's stock after buying an additional 1,198 shares during the period. Hunter Associates Investment Management LLC's holdings in Jones Lang LaSalle were worth $3,452,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in JLL. Bridges Investment Management Inc. lifted its position in shares of Jones Lang LaSalle by 120.0% during the first quarter. Bridges Investment Management Inc. now owns 4,447 shares of the financial services provider's stock worth $1,102,000 after acquiring an additional 2,426 shares in the last quarter. Linden Thomas Advisory Services LLC boosted its holdings in shares of Jones Lang LaSalle by 7.7% during the first quarter. Linden Thomas Advisory Services LLC now owns 6,908 shares of the financial services provider's stock worth $1,713,000 after purchasing an additional 493 shares during the period. Greenleaf Trust boosted its holdings in shares of Jones Lang LaSalle by 19.7% during the first quarter. Greenleaf Trust now owns 1,936 shares of the financial services provider's stock worth $480,000 after purchasing an additional 319 shares during the period. Crossmark Global Holdings Inc. lifted its holdings in Jones Lang LaSalle by 40.1% in the first quarter. Crossmark Global Holdings Inc. now owns 34,346 shares of the financial services provider's stock worth $8,515,000 after buying an additional 9,835 shares during the period. Finally, Raleigh Capital Management Inc. purchased a new stake in Jones Lang LaSalle in the first quarter worth about $140,000. 94.80% of the stock is owned by institutional investors.

Jones Lang LaSalle Stock Down 0.9%

Shares of Jones Lang LaSalle stock traded down $2.29 during trading hours on Friday, hitting $257.40. The company had a trading volume of 396,141 shares, compared to its average volume of 353,757. The company's 50-day moving average is $237.75 and its two-hundred day moving average is $246.32. Jones Lang LaSalle Incorporated has a twelve month low of $194.36 and a twelve month high of $288.50. 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 market cap of $12.22 billion, a P/E ratio of 23.27 and a beta of 1.34.

Jones Lang LaSalle (NYSE:JLL - Get Free Report) last announced its quarterly earnings data on Wednesday, May 7th. The financial services provider reported $2.31 EPS for the quarter, topping analysts' consensus estimates of $2.02 by $0.29. The company had revenue of $5.75 billion during the quarter, compared to the consensus estimate of $5.65 billion. Jones Lang LaSalle had a net margin of 2.23% and a return on equity of 10.37%. Jones Lang LaSalle's quarterly revenue was up 12.1% on a year-over-year basis. During the same quarter in the prior year, the firm earned $1.78 EPS. Analysts anticipate that Jones Lang LaSalle Incorporated will post 16.45 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

Several brokerages recently weighed in on JLL. UBS Group raised their price target on shares of Jones Lang LaSalle from $305.00 to $340.00 and gave the company a "buy" rating in a research report on Wednesday, July 2nd. Wall Street Zen cut shares of Jones Lang LaSalle from a "buy" rating to a "hold" rating in a research report on Saturday. JPMorgan Chase & Co. cut their price target 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. Keefe, Bruyette & Woods cut their price target on shares of Jones Lang LaSalle from $325.00 to $280.00 and set an "outperform" rating on the stock in a report on Thursday, April 17th. Finally, Citigroup dropped 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 note on Wednesday, May 28th. Two analysts have rated the stock with a hold rating, five have assigned a buy rating and one has issued a strong buy rating to the company's stock. Based on data from MarketBeat, the company presently has a consensus rating of "Moderate Buy" and an average target price of $310.00.

Insider Activity

In other Jones Lang LaSalle news, CEO Andrew W. Poppink sold 275 shares of Jones Lang LaSalle stock in a transaction that occurred on Friday, June 20th. The shares were 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 $2,450,377.09. The trade was a 2.60% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through this hyperlink. 0.91% of the stock is owned by corporate 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.