Assetmark Inc. Boosts Holdings in Jones Lang LaSalle Incorporated (NYSE:JLL)

Assetmark Inc. lifted its holdings in Jones Lang LaSalle Incorporated (NYSE:JLL - Free Report) by 56,614.7% in the 1st quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 19,283 shares of the financial services provider's stock after purchasing an additional 19,249 shares during the period. Assetmark Inc.'s holdings in Jones Lang LaSalle were worth $4,780,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in JLL. Golden State Wealth Management LLC purchased a new stake in shares of Jones Lang LaSalle in the first quarter valued at approximately $33,000. Western Pacific Wealth Management LP acquired a new position in Jones Lang LaSalle in the first quarter valued at about $41,000. CIBC Private Wealth Group LLC increased its holdings in Jones Lang LaSalle by 25.0% in the 4th 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% in the 1st quarter. Versant Capital Management Inc now owns 324 shares of the financial services provider's stock valued at $80,000 after buying an additional 253 shares during the period. Finally, Farther Finance Advisors LLC lifted its position 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 worth $91,000 after purchasing an additional 105 shares in the last quarter. Hedge funds and other institutional investors own 94.80% of the company's stock.

Insider Transactions at Jones Lang LaSalle

In other news, CEO Andrew W. Poppink sold 275 shares of the stock in a transaction 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 of the company's stock, valued at $2,450,377.09. This represents a 2.60% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Company insiders own 0.91% of the company's stock.

Jones Lang LaSalle Price Performance

Jones Lang LaSalle stock traded down $5.60 during trading hours on Friday, hitting $264.76. The stock had a trading volume of 155,517 shares, compared to its average volume of 396,740. Jones Lang LaSalle Incorporated has a 1-year low of $194.36 and a 1-year high of $288.50. The stock has a market capitalization of $12.57 billion, a price-to-earnings ratio of 23.94 and a beta of 1.34. The stock's fifty day moving average is $246.12 and its two-hundred day moving average is $247.43. The company has a debt-to-equity ratio of 0.17, a current ratio of 2.01 and a quick ratio of 2.01.

Jones Lang LaSalle (NYSE:JLL - Get Free Report) last posted its quarterly earnings results on Wednesday, May 7th. The financial services provider reported $2.31 EPS for the quarter, beating the consensus estimate of $2.02 by $0.29. Jones Lang LaSalle had a return on equity of 10.37% and a net margin of 2.23%. The company had revenue of $5.75 billion during the quarter, compared to analysts' expectations of $5.65 billion. During the same quarter in the previous year, the business earned $1.78 EPS. The firm's revenue was up 12.1% on a year-over-year basis. As a group, analysts predict that Jones Lang LaSalle Incorporated will post 16.45 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

Several research firms recently commented on JLL. Citigroup lowered their target price on Jones Lang LaSalle from $275.00 to $240.00 and set a "neutral" rating for the company in a research note on Wednesday, May 28th. Citizens Jmp started coverage on shares of Jones Lang LaSalle in a research note on Monday, July 21st. They issued a "market perform" rating for the company. Keefe, Bruyette & Woods lifted their target price on shares of Jones Lang LaSalle from $280.00 to $297.00 and gave the company an "outperform" rating in a report on Thursday, July 24th. UBS Group increased their price objective on Jones Lang LaSalle from $305.00 to $340.00 and gave the stock a "buy" rating in a research report on Wednesday, July 2nd. Finally, JPMorgan Chase & Co. dropped their price target 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. Four equities research analysts have rated the stock with a hold rating, five have given a buy rating and one has issued a strong buy rating to the company's stock. Based on data from MarketBeat.com, the company presently has an average rating of "Moderate Buy" and a consensus price target of $312.43.

Jones Lang LaSalle 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.