Jones Lang LaSalle Incorporated $JLL Shares Sold by Fort Washington Investment Advisors Inc. OH

Fort Washington Investment Advisors Inc. OH cut its stake in shares of Jones Lang LaSalle Incorporated (NYSE:JLL - Free Report) by 6.8% during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 377,526 shares of the financial services provider's stock after selling 27,762 shares during the quarter. Fort Washington Investment Advisors Inc. OH owned approximately 0.82% of Jones Lang LaSalle worth $115,342,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently bought and sold shares of JLL. Fragasso Financial Advisors Inc raised its position in shares of Jones Lang LaSalle by 1.3% during the third quarter. Fragasso Financial Advisors Inc now owns 3,770 shares of the financial services provider's stock worth $1,131,000 after acquiring an additional 48 shares during the last quarter. GAMMA Investing LLC boosted its holdings in Jones Lang LaSalle by 20.5% in the third quarter. GAMMA Investing LLC now owns 1,854 shares of the financial services provider's stock valued at $566,000 after acquiring an additional 316 shares during the last quarter. Farther Finance Advisors LLC boosted its holdings in Jones Lang LaSalle by 4.7% in the third quarter. Farther Finance Advisors LLC now owns 1,002 shares of the financial services provider's stock valued at $306,000 after acquiring an additional 45 shares during the last quarter. Artemis Investment Management LLP increased its position in Jones Lang LaSalle by 23.2% during the 3rd quarter. Artemis Investment Management LLP now owns 460,389 shares of the financial services provider's stock valued at $140,658,000 after purchasing an additional 86,563 shares during the period. Finally, Private Client Services LLC acquired a new stake in Jones Lang LaSalle during the 3rd quarter valued at approximately $313,000. 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, CEO Christian Ulbrich sold 2,000 shares of the stock in a transaction on Thursday, August 20th. The stock was sold at an average price of $385.53, for a total transaction of $771,060.00. Following the completion of the transaction, the chief executive officer directly owned 138,418 shares of the company's stock, valued at approximately $53,364,291.54. This represents a 1.42% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Over the last ninety days, insiders have sold 6,000 shares of company stock worth $2,271,060. 0.91% of the stock is owned by corporate insiders.

Jones Lang LaSalle Stock Performance

JLL stock opened at $294.97 on Thursday. The firm has a market cap of $13.52 billion, a PE ratio of 14.13 and a beta of 1.30. The company has a quick ratio of 2.40, a current ratio of 2.40 and a debt-to-equity ratio of 0.15. The business has a 50 day moving average of $344.19 and a 200-day moving average of $326.32. Jones Lang LaSalle Incorporated has a 12-month low of $259.83 and a 12-month high of $393.84.

Jones Lang LaSalle (NYSE:JLL - Get Free Report) last issued its quarterly earnings results on Thursday, July 30th. The financial services provider reported $5.26 EPS for the quarter, beating analysts' consensus estimates of $4.56 by $0.70. The company had revenue of $6.93 billion during the quarter, compared to the consensus estimate of $6.88 billion. Jones Lang LaSalle had a return on equity of 13.99% and a net margin of 3.64%. Jones Lang LaSalle's revenue was up 10.8% on a year-over-year basis. During the same period last year, the business posted $3.30 earnings per share. As a group, sell-side analysts expect that Jones Lang LaSalle Incorporated will post 25.18 earnings per share for the current year.

Analysts Set New Price Targets

JLL has been the subject of several analyst reports. Weiss Ratings upgraded shares of Jones Lang LaSalle from a "buy (b-)" rating to a "buy (b)" rating in a report on Tuesday, August 18th. Citigroup reaffirmed a "market perform" rating on shares of Jones Lang LaSalle in a research note on Thursday, September 17th. Raymond James Financial reissued a "strong-buy" rating and set a $500.00 target price on shares of Jones Lang LaSalle in a research note on Thursday, July 30th. Keefe, Bruyette & Woods dropped their target price on shares of Jones Lang LaSalle from $415.00 to $385.00 and set an "outperform" rating on the stock in a report on Friday, October 9th. Finally, Zacks Research lowered shares of Jones Lang LaSalle from a "strong-buy" rating to a "hold" rating in a report on Thursday, July 23rd. One investment analyst has rated the stock with a Strong Buy rating, four have assigned a Buy rating and three have assigned a Hold rating to the company's stock. According to data from MarketBeat, the company currently has an average rating of "Moderate Buy" and an average target price of $427.60.

Jones Lang LaSalle Profile

Jones Lang LaSalle Incorporated NYSE: JLL is a global commercial real estate services and investment management company headquartered in Chicago, Illinois. The company provides real estate expertise to corporate, institutional and private clients across office, industrial, retail, residential, hotel and other property sectors.

JLL's services include leasing, property and facilities management, capital markets advisory, investment sales, valuation, development and project management, workplace consulting, and strategic real estate advice.

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