Hunter Associates Investment Management LLC Buys 1,198 Shares of Jones Lang LaSalle Incorporated (NYSE:JLL)

Hunter Associates Investment Management LLC grew its stake in Jones Lang LaSalle Incorporated (NYSE:JLL - Free Report) by 9.3% during the first quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 14,057 shares of the financial services provider's stock after purchasing an additional 1,198 shares during the quarter. Hunter Associates Investment Management LLC's holdings in Jones Lang LaSalle were worth $3,452,000 at the end of the most recent reporting period.

Other hedge funds have also bought and sold shares of the company. Golden State Wealth Management LLC bought a new stake in Jones Lang LaSalle during the first quarter worth $33,000. Western Pacific Wealth Management LP purchased a new stake in Jones Lang LaSalle in the first quarter worth $41,000. CIBC Private Wealth Group LLC increased its position in Jones Lang LaSalle by 25.0% in the fourth quarter. CIBC Private Wealth Group LLC now owns 250 shares of the financial services provider's stock worth $62,000 after buying an additional 50 shares during the last quarter. Versant Capital Management Inc increased its position in Jones Lang LaSalle by 356.3% in the first quarter. Versant Capital Management Inc now owns 324 shares of the financial services provider's stock worth $80,000 after buying an additional 253 shares during the last quarter. Finally, Farther Finance Advisors LLC increased its position in Jones Lang LaSalle by 39.9% in the first quarter. Farther Finance Advisors LLC now owns 368 shares of the financial services provider's stock worth $91,000 after buying an additional 105 shares during the last quarter. 94.80% of the stock is currently owned by institutional investors.

Jones Lang LaSalle Price Performance

NYSE:JLL traded up $4.34 during trading hours on Thursday, hitting $259.64. 474,581 shares of the company's stock traded hands, compared to its average volume of 353,535. The firm has a market cap of $12.33 billion, a P/E ratio of 23.48 and a beta of 1.34. Jones Lang LaSalle Incorporated has a 52 week low of $194.36 and a 52 week high of $288.50. The business's fifty day simple moving average is $236.68 and its two-hundred day simple moving average is $246.39. The company has a quick ratio of 2.01, a current ratio of 2.01 and a debt-to-equity ratio of 0.17.

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 the consensus estimate of $2.02 by $0.29. The company had revenue of $5.75 billion during the quarter, compared to analyst estimates of $5.65 billion. Jones Lang LaSalle had a return on equity of 10.37% and a net margin of 2.23%. The firm's quarterly revenue was up 12.1% on a year-over-year basis. During the same quarter last year, the company earned $1.78 earnings per share. On average, research analysts anticipate that Jones Lang LaSalle Incorporated will post 16.45 earnings per share for the current fiscal year.

Insider Transactions 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 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 completion of 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 ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Corporate insiders own 0.91% of the company's stock.

Analysts Set New Price Targets

A number of analysts have issued reports on the company. Wall Street Zen downgraded Jones Lang LaSalle from a "strong-buy" rating to a "buy" rating in a research report on Tuesday, May 13th. JPMorgan Chase & Co. decreased their target price on Jones Lang LaSalle from $327.00 to $285.00 and set an "overweight" rating for the company in a research report on Thursday, April 10th. UBS Group lifted their price target on Jones Lang LaSalle from $305.00 to $340.00 and gave the company a "buy" rating in a research report on Wednesday, July 2nd. Keefe, Bruyette & Woods reduced their price target on Jones Lang LaSalle from $325.00 to $280.00 and set an "outperform" rating for the company in a research report on Thursday, April 17th. Finally, Citigroup reduced their price target 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. One equities research analyst has rated the stock with a hold rating, six have issued a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat.com, the stock has an average rating of "Buy" and an average price target of $310.00.

Jones Lang LaSalle Company 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.