Crossmark Global Holdings Inc. Acquires 9,835 Shares of Jones Lang LaSalle Incorporated (NYSE:JLL)

Crossmark Global Holdings Inc. lifted its stake in Jones Lang LaSalle Incorporated (NYSE:JLL - Free Report) by 40.1% during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 34,346 shares of the financial services provider's stock after acquiring an additional 9,835 shares during the period. Crossmark Global Holdings Inc. owned approximately 0.07% of Jones Lang LaSalle worth $8,515,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently bought and sold shares of JLL. US Bancorp DE boosted its stake in Jones Lang LaSalle by 7.0% during the fourth quarter. US Bancorp DE now owns 2,264 shares of the financial services provider's stock worth $573,000 after buying an additional 149 shares in the last quarter. Steward Partners Investment Advisory LLC increased its position in Jones Lang LaSalle by 763.5% in the fourth quarter. Steward Partners Investment Advisory LLC now owns 1,278 shares of the financial services provider's stock worth $324,000 after purchasing an additional 1,130 shares during the period. Victory Capital Management Inc. increased its position in Jones Lang LaSalle by 0.3% in the fourth quarter. Victory Capital Management Inc. now owns 23,294 shares of the financial services provider's stock worth $5,897,000 after purchasing an additional 81 shares during the period. Atria Investments Inc grew its position in shares of Jones Lang LaSalle by 23.2% during the 4th quarter. Atria Investments Inc now owns 6,683 shares of the financial services provider's stock worth $1,692,000 after buying an additional 1,260 shares during the period. Finally, Proficio Capital Partners LLC acquired a new position in shares of Jones Lang LaSalle during the 4th quarter worth about $8,715,000. Institutional investors and hedge funds own 94.80% of the company's stock.

Insider Activity

In related news, CEO Andrew W. Poppink sold 275 shares of the stock in a transaction 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 sale, the chief executive officer owned 10,297 shares in the company, valued at approximately $2,450,377.09. This represents a 2.60% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. 0.91% of the stock is currently owned by corporate insiders.

Jones Lang LaSalle Stock Down 0.6%

Shares of Jones Lang LaSalle stock traded down $1.64 on Wednesday, reaching $253.03. 53,471 shares of the company were exchanged, compared to its average volume of 350,461. Jones Lang LaSalle Incorporated has a one year low of $194.36 and a one year high of $288.50. The company has a market capitalization of $12.01 billion, a price-to-earnings ratio of 22.94 and a beta of 1.34. The company has a current ratio of 2.01, a quick ratio of 2.01 and a debt-to-equity ratio of 0.17. The company has a 50-day moving average of $236.12 and a 200 day moving average of $246.33.

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 earnings per share (EPS) for the quarter, topping analysts' consensus estimates 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 for the quarter, compared to analysts' expectations of $5.65 billion. During the same quarter in the prior year, the business posted $1.78 EPS. The business's revenue was up 12.1% compared to the same quarter last year. On average, equities research analysts forecast that Jones Lang LaSalle Incorporated will post 16.45 earnings per share for the current year.

Analysts Set New Price Targets

Several equities analysts recently issued reports on the company. Keefe, Bruyette & Woods decreased their price objective 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. UBS Group boosted their price objective on Jones Lang LaSalle from $305.00 to $340.00 and gave the company a "buy" rating in a research report on Wednesday, July 2nd. Wall Street Zen lowered Jones Lang LaSalle from a "strong-buy" rating to a "buy" rating in a research report on Tuesday, May 13th. Citigroup decreased their price objective on Jones Lang LaSalle from $275.00 to $240.00 and set a "neutral" rating for the company in a research report on Wednesday, May 28th. Finally, JPMorgan Chase & Co. decreased their price objective on Jones Lang LaSalle from $327.00 to $285.00 and set an "overweight" rating for the company in a research report on Thursday, April 10th. One analyst has rated the stock with a hold rating, six have given a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat, Jones Lang LaSalle has a consensus rating of "Buy" and an average target price of $310.00.

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.