Jones Lang LaSalle Incorporated $JLL Shares Sold by AEGON ASSET MANAGEMENT UK Plc

Key Points

• AEGON Asset Management UK trimmed its stake in Jones Lang LaSalle by 8.6% in Q4, selling 11,123 shares and leaving it with 117,735 shares (about 0.25% of the company) valued at $39.57 million.
• Insiders sold shares: Director Deborah H. Mcaneny sold 2,500 shares at $300.50 ($751,250) and CEO Richard Bloxam sold 5,440 shares at $296.94 ($1.62M), with insiders now owning 0.91% of the stock.
• Analyst sentiment is broadly positive but mixed — the consensus is a “Moderate Buy” with an average price target of $365.33, while UBS raised its target to $445 and Barclays and KBW trimmed theirs to $348 and $380, respectively.

AEGON ASSET MANAGEMENT UK Plc reduced its stake in Jones Lang LaSalle Incorporated (NYSE:JLL - Free Report) by 8.6% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 117,735 shares of the financial services provider's stock after selling 11,123 shares during the period. AEGON ASSET MANAGEMENT UK Plc owned 0.25% of Jones Lang LaSalle worth $39,573,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds have also added to or reduced their stakes in JLL. Greenleaf Trust lifted its holdings in shares of Jones Lang LaSalle by 1.8% in the fourth quarter. Greenleaf Trust now owns 1,668 shares of the financial services provider's stock valued at $561,000 after purchasing an additional 30 shares in the last quarter. Assetmark Inc. lifted its holdings in shares of Jones Lang LaSalle by 15.8% in the fourth quarter. Assetmark Inc. now owns 220 shares of the financial services provider's stock valued at $74,000 after purchasing an additional 30 shares in the last quarter. Chilton Capital Management LLC lifted its holdings in shares of Jones Lang LaSalle by 33.0% in the third quarter. Chilton Capital Management LLC now owns 133 shares of the financial services provider's stock valued at $40,000 after purchasing an additional 33 shares in the last quarter. IFP Advisors Inc lifted its holdings in shares of Jones Lang LaSalle by 7.9% in the third quarter. IFP Advisors Inc now owns 544 shares of the financial services provider's stock valued at $162,000 after purchasing an additional 40 shares in the last quarter. Finally, Quadrant Capital Group LLC lifted its holdings in shares of Jones Lang LaSalle by 1.2% in the third quarter. Quadrant Capital Group LLC now owns 4,208 shares of the financial services provider's stock valued at $1,255,000 after purchasing an additional 51 shares in the last quarter. 94.80% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling at Jones Lang LaSalle

In other Jones Lang LaSalle news, Director Deborah H. Mcaneny sold 2,500 shares of the firm's stock in a transaction on Tuesday, March 10th. The shares were sold at an average price of $300.50, for a total value of $751,250.00. Following the sale, the director directly owned 14,985 shares in the company, valued at $4,502,992.50. This trade represents a 14.30% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, CEO Richard Bloxam sold 5,440 shares of the firm's stock in a transaction on Tuesday, March 24th. The stock was sold at an average price of $296.94, for a total transaction of $1,615,353.60. The disclosure for this sale is available in the SEC filing. Company insiders own 0.91% of the company's stock.

Analysts Set New Price Targets

A number of research firms have issued reports on JLL. Barclays cut their target price on shares of Jones Lang LaSalle from $355.00 to $348.00 and set an "equal weight" rating for the company in a research report on Tuesday, April 14th. Keefe, Bruyette & Woods cut their target price on shares of Jones Lang LaSalle from $405.00 to $380.00 and set an "outperform" rating for the company in a research report on Tuesday, February 24th. Wall Street Zen upgraded shares of Jones Lang LaSalle from a "buy" rating to a "strong-buy" rating in a research report on Sunday, January 11th. Zacks Research upgraded Jones Lang LaSalle from a "hold" rating to a "strong-buy" rating in a report on Friday, February 20th. Finally, UBS Group increased their price objective on Jones Lang LaSalle from $425.00 to $445.00 and gave the stock a "buy" rating in a report on Wednesday. One analyst has rated the stock with a Strong Buy rating, five have assigned a Buy rating and three have assigned a Hold rating to the company's stock. According to data from MarketBeat, the company has an average rating of "Moderate Buy" and an average price target of $365.33.

Jones Lang LaSalle Stock Performance

Shares of JLL opened at $338.21 on Friday. The company's fifty day moving average is $311.49 and its 200-day moving average is $320.40. Jones Lang LaSalle Incorporated has a 12 month low of $211.86 and a 12 month high of $363.06. The firm has a market cap of $15.69 billion, a price-to-earnings ratio of 20.61 and a beta of 1.41. The company has a quick ratio of 2.23, a current ratio of 2.23 and a debt-to-equity ratio of 0.10.

Jones Lang LaSalle (NYSE:JLL - Get Free Report) last posted its quarterly earnings data on Wednesday, February 18th. The financial services provider reported $8.71 EPS for the quarter, topping analysts' consensus estimates of $7.25 by $1.46. The business had revenue of $7.61 billion for the quarter, compared to analyst estimates of $7.45 billion. Jones Lang LaSalle had a return on equity of 12.50% and a net margin of 3.03%.The firm's revenue for the quarter was up 11.7% on a year-over-year basis. During the same period in the previous year, the company posted $6.15 earnings per share. Equities analysts expect that Jones Lang LaSalle Incorporated will post 21.76 EPS for the current fiscal year.

About Jones Lang LaSalle

Jones Lang LaSalle Incorporated NYSE: JLL is a leading professional services firm specializing in real estate and investment management. The company provides a broad range of services including leasing, advisory, property and asset management, capital markets, project and development services, and valuation. Through its integrated platform, JLL serves corporate occupiers, institutional investors, real estate owners and developers, offering tailored solutions that span the entire real estate lifecycle.

Founded in 1783 in London as Jones Lang Wootton, the firm established a reputation for expertise in property management and brokerage.

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