Ariel Investments LLC Has $256.93 Million Holdings in Jones Lang LaSalle Incorporated $JLL

Key Points

• Ariel Investments LLC reduced its stake in Jones Lang LaSalle Incorporated (NYSE:JLL) by 2.2%, now owning approximately 1,036,380 shares valued at $256.9 million.
• Various institutional investors, including Norden Group LLC and Janney Montgomery Scott LLC, have recently bought or increased their positions in Jones Lang LaSalle, with institutional ownership now at 94.80%.
• Jones Lang LaSalle's latest earnings report showed an EPS of $3.30, beating the consensus estimate, with revenue up 11.0% compared to the same quarter last year.

Ariel Investments LLC lessened its stake in Jones Lang LaSalle Incorporated (NYSE:JLL - Free Report) by 2.2% in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 1,036,380 shares of the financial services provider's stock after selling 23,568 shares during the quarter. Jones Lang LaSalle accounts for approximately 3.0% of Ariel Investments LLC's holdings, making the stock its 2nd biggest position. Ariel Investments LLC owned approximately 2.18% of Jones Lang LaSalle worth $256,929,000 at the end of the most recent reporting period.

Several other large investors have also recently modified their holdings of the stock. Tidal Investments LLC raised its position in shares of Jones Lang LaSalle by 4.7% in the 4th quarter. Tidal Investments LLC now owns 846 shares of the financial services provider's stock worth $214,000 after purchasing an additional 38 shares during the last quarter. Ellevest Inc. raised its position in Jones Lang LaSalle by 3.7% in the 4th quarter. Ellevest Inc. now owns 1,326 shares of the financial services provider's stock worth $336,000 after buying an additional 47 shares during the last quarter. Captrust Financial Advisors raised its position in Jones Lang LaSalle by 2.1% in the 4th quarter. Captrust Financial Advisors now owns 3,157 shares of the financial services provider's stock worth $799,000 after buying an additional 64 shares during the last quarter. Mackenzie Financial Corp raised its position in Jones Lang LaSalle by 4.2% in the 1st quarter. Mackenzie Financial Corp now owns 1,610 shares of the financial services provider's stock worth $399,000 after buying an additional 65 shares during the last quarter. Finally, Covestor Ltd raised its position in Jones Lang LaSalle by 30.4% in the 1st quarter. Covestor Ltd now owns 335 shares of the financial services provider's stock worth $83,000 after buying an additional 78 shares during the last quarter. Hedge funds and other institutional investors own 94.80% of the company's stock.

Insiders Place Their Bets

In other Jones Lang LaSalle news, CEO Andrew W. Poppink sold 275 shares of the company's stock in a transaction that occurred on Friday, June 20th. The stock was sold at an average price of $237.97, for a total value of $65,441.75. Following the completion of the transaction, the chief executive officer directly owned 10,297 shares in the company, valued at $2,450,377.09. This represents a 2.60% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. 0.91% of the stock is owned by insiders.

Jones Lang LaSalle Stock Performance

Shares of NYSE:JLL traded up $4.05 during mid-day trading on Friday, reaching $311.73. 337,902 shares of the company traded hands, compared to its average volume of 426,808. The company's 50 day moving average price is $276.92 and its 200-day moving average price is $250.59. The firm has a market cap of $14.77 billion, a PE ratio of 26.80 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. Jones Lang LaSalle Incorporated has a 52 week low of $194.36 and a 52 week high of $315.14.

Jones Lang LaSalle (NYSE:JLL - Get Free Report) last announced 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. Jones Lang LaSalle had a return on equity of 10.63% and a net margin of 2.28%.The company had revenue of $6.25 billion during the quarter, compared to the consensus estimate of $6.17 billion. During the same period in the previous year, the company posted $2.55 EPS. The firm's revenue was up 11.0% on a year-over-year basis. On average, equities analysts expect that Jones Lang LaSalle Incorporated will post 16.45 EPS for the current fiscal year.

Analysts Set New Price Targets

A number of brokerages have weighed in on JLL. The Goldman Sachs Group boosted 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. Wall Street Zen raised Jones Lang LaSalle from a "hold" rating to a "buy" rating in a research report on Sunday, August 31st. JMP Securities began coverage on shares of Jones Lang LaSalle in a research report on Monday, July 21st. They set a "market perform" rating for the company. UBS Group upped 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. Finally, Keefe, Bruyette & Woods upped their price target on shares of 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 equities research analyst has rated the stock with a Strong Buy rating, five have given a Buy rating and three have assigned a Hold rating to the company. According to data from MarketBeat.com, Jones Lang LaSalle has a consensus rating of "Moderate Buy" and an average price target of $328.57.

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.