Janney Montgomery Scott LLC Acquires 2,252 Shares of Jones Lang LaSalle Incorporated (NYSE:JLL)

Janney Montgomery Scott LLC lifted its position in Jones Lang LaSalle Incorporated (NYSE:JLL - Free Report) by 34.5% during the 1st quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 8,779 shares of the financial services provider's stock after buying an additional 2,252 shares during the period. Janney Montgomery Scott LLC's holdings in Jones Lang LaSalle were worth $2,176,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently made changes to their positions in JLL. Private Trust Co. NA raised its holdings in shares of Jones Lang LaSalle by 112.0% during the fourth quarter. Private Trust Co. NA now owns 106 shares of the financial services provider's stock valued at $27,000 after purchasing an additional 56 shares during the last quarter. Principal Securities Inc. raised its holdings in shares of Jones Lang LaSalle by 166.7% during the fourth quarter. Principal Securities Inc. now owns 176 shares of the financial services provider's stock valued at $45,000 after purchasing an additional 110 shares during the last quarter. CIBC Private Wealth Group LLC raised its holdings in shares of Jones Lang LaSalle by 25.0% during the fourth quarter. CIBC Private Wealth Group LLC now owns 250 shares of the financial services provider's stock valued at $62,000 after purchasing an additional 50 shares during the last quarter. Versant Capital Management Inc raised its holdings in shares of Jones Lang LaSalle by 356.3% during the first quarter. Versant Capital Management Inc now owns 324 shares of the financial services provider's stock valued at $80,000 after purchasing an additional 253 shares during the last quarter. Finally, Farther Finance Advisors LLC raised its holdings in shares of Jones Lang LaSalle by 39.9% during the first quarter. Farther Finance Advisors LLC now owns 368 shares of the financial services provider's stock valued at $91,000 after purchasing an additional 105 shares during the last quarter. Institutional investors own 94.80% of the company's stock.

Insider Buying and Selling

In related news, CEO Andrew W. Poppink sold 275 shares of the company's stock in a transaction 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 completion of the transaction, the chief executive officer now owns 10,297 shares in the company, valued at approximately $2,450,377.09. This represents a 2.60% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 0.91% of the stock is owned by company insiders.

Jones Lang LaSalle Price Performance

Shares of NYSE JLL traded up $3.75 during midday trading on Friday, reaching $257.32. The stock had a trading volume of 792,054 shares, compared to its average volume of 345,649. The stock has a 50-day moving average of $230.78 and a 200-day moving average of $246.35. The company has a debt-to-equity ratio of 0.17, a quick ratio of 2.01 and a current ratio of 2.01. The company has a market capitalization of $12.21 billion, a price-to-earnings ratio of 23.27 and a beta of 1.31. Jones Lang LaSalle Incorporated has a 12-month low of $194.36 and a 12-month high of $288.50.

Jones Lang LaSalle (NYSE:JLL - Get Free Report) last issued its earnings results on Wednesday, May 7th. The financial services provider reported $2.31 earnings per share for the quarter, topping analysts' consensus estimates 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 firm had revenue of $5.75 billion during the quarter, compared to analyst estimates of $5.65 billion. During the same quarter in the prior year, the business earned $1.78 earnings per share. Jones Lang LaSalle's revenue for the quarter was up 12.1% on a year-over-year basis. As a group, research analysts anticipate that Jones Lang LaSalle Incorporated will post 16.45 EPS for the current fiscal year.

Wall Street Analyst Weigh In

Several research analysts have recently weighed in on JLL shares. Wall Street Zen cut shares of Jones Lang LaSalle from a "strong-buy" rating to a "buy" rating in a report on Tuesday, May 13th. UBS Group reduced their target price on shares of Jones Lang LaSalle from $340.00 to $305.00 and set a "buy" rating for the company in a report on Friday, April 11th. Citigroup reduced their target price on shares of Jones Lang LaSalle from $275.00 to $240.00 and set a "neutral" rating for the company in a report on Wednesday, May 28th. JPMorgan Chase & Co. reduced their target price on shares of Jones Lang LaSalle from $327.00 to $285.00 and set an "overweight" rating for the company in a report on Thursday, April 10th. Finally, Keefe, Bruyette & Woods reduced their target price on shares of Jones Lang LaSalle from $325.00 to $280.00 and set an "outperform" rating for the company in a report on Thursday, April 17th. One analyst has rated the stock with a hold rating, six have given a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat, the stock presently has an average rating of "Buy" and a consensus price target of $305.00.

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.