Jones Lang LaSalle Incorporated (NYSE:JLL) Stock Position Raised by Diversified Trust Co

Diversified Trust Co increased its stake in Jones Lang LaSalle Incorporated (NYSE:JLL - Free Report) by 116.3% in the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 4,844 shares of the financial services provider's stock after buying an additional 2,604 shares during the period. Diversified Trust Co's holdings in Jones Lang LaSalle were worth $1,201,000 at the end of the most recent reporting period.

Several other large investors have also modified their holdings of JLL. Norges Bank acquired a new stake in shares of Jones Lang LaSalle in the 4th quarter worth about $149,468,000. Marshall Wace LLP raised its stake in shares of Jones Lang LaSalle by 134.5% during the fourth quarter. Marshall Wace LLP now owns 373,207 shares of the financial services provider's stock valued at $94,474,000 after purchasing an additional 214,087 shares in the last quarter. GAMMA Investing LLC grew its position in Jones Lang LaSalle by 25,132.7% in the 1st quarter. GAMMA Investing LLC now owns 212,459 shares of the financial services provider's stock valued at $52,671,000 after buying an additional 211,617 shares in the last quarter. Millennium Management LLC raised its position in shares of Jones Lang LaSalle by 146.2% during the 4th quarter. Millennium Management LLC now owns 335,451 shares of the financial services provider's stock worth $84,916,000 after buying an additional 199,197 shares in the last quarter. Finally, SG Americas Securities LLC boosted its holdings in shares of Jones Lang LaSalle by 51.5% in the first quarter. SG Americas Securities LLC now owns 422,688 shares of the financial services provider's stock valued at $104,789,000 after acquiring an additional 143,623 shares in the last quarter. Institutional investors own 94.80% of the company's stock.

Insider Buying and Selling

In other Jones Lang LaSalle news, CEO Andrew W. Poppink sold 275 shares of the stock in a transaction that occurred on Friday, June 20th. The shares were sold at an average price of $237.97, for a total value of $65,441.75. Following the completion of the sale, the chief executive officer 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 filing with the Securities & Exchange Commission, which is available through this hyperlink. Insiders own 0.91% of the company's stock.

Jones Lang LaSalle Stock Up 1.0%

NYSE:JLL traded up $2.66 during trading hours on Wednesday, hitting $259.54. 371,597 shares of the stock traded hands, compared to its average volume of 347,355. The firm has a market cap of $12.32 billion, a price-to-earnings ratio of 23.46 and a beta of 1.34. The firm has a 50 day moving average price of $232.73 and a 200 day moving average price of $246.33. The company has a current ratio of 2.01, a quick ratio of 2.01 and a debt-to-equity ratio of 0.17. Jones Lang LaSalle Incorporated has a fifty-two week low of $194.36 and a fifty-two week high of $288.50.

Jones Lang LaSalle (NYSE:JLL - Get Free Report) last announced its quarterly earnings data on Wednesday, May 7th. The financial services provider reported $2.31 EPS for the quarter, topping analysts' consensus estimates of $2.02 by $0.29. The firm 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 business's quarterly revenue was up 12.1% compared to the same quarter last year. During the same period last year, the company posted $1.78 EPS. Equities research analysts anticipate that Jones Lang LaSalle Incorporated will post 16.45 earnings per share for the current year.

Analyst Upgrades and Downgrades

A number of equities research analysts have weighed in on JLL shares. Keefe, Bruyette & Woods cut their target price 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. JPMorgan Chase & Co. lowered their price objective on shares of Jones Lang LaSalle from $327.00 to $285.00 and set an "overweight" rating on the stock in a research note on Thursday, April 10th. 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. Wall Street Zen lowered Jones Lang LaSalle from a "strong-buy" rating to a "buy" rating in a research note on Tuesday, May 13th. Finally, UBS Group lifted their target price on Jones Lang LaSalle from $305.00 to $340.00 and gave the stock a "buy" rating in a report on Wednesday. One investment analyst has rated the stock with a hold rating, six have issued a buy rating and one has assigned a strong buy rating to the company's stock. Based on data from MarketBeat.com, the stock has an average rating of "Buy" and a consensus target price 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.