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

Crossmark Global Holdings Inc. raised its position in Jones Lang LaSalle Incorporated (NYSE:JLL - Free Report) by 40.1% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 34,346 shares of the financial services provider's stock after acquiring an additional 9,835 shares during the quarter. Crossmark Global Holdings Inc. owned approximately 0.07% of Jones Lang LaSalle worth $8,515,000 at the end of the most recent quarter.

Other hedge funds have also recently modified their holdings of the company. Fox Run Management L.L.C. bought a new position in Jones Lang LaSalle in the 4th quarter worth $413,000. New Age Alpha Advisors LLC bought a new position in Jones Lang LaSalle in the 4th quarter worth $7,099,000. Janney Montgomery Scott LLC increased its stake in shares of Jones Lang LaSalle by 34.5% in the 1st quarter. Janney Montgomery Scott LLC now owns 8,779 shares of the financial services provider's stock worth $2,176,000 after acquiring an additional 2,252 shares in the last quarter. Truist Financial Corp increased its stake in shares of Jones Lang LaSalle by 13.2% in the 1st quarter. Truist Financial Corp now owns 206,987 shares of the financial services provider's stock worth $51,314,000 after acquiring an additional 24,159 shares in the last quarter. Finally, Cetera Investment Advisers increased its stake in shares of Jones Lang LaSalle by 24.5% in the 4th quarter. Cetera Investment Advisers now owns 7,521 shares of the financial services provider's stock worth $1,904,000 after acquiring an additional 1,479 shares in the last quarter. Hedge funds and other institutional investors own 94.80% of the company's stock.

Insider Activity

In other 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 transaction, 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 sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. 0.91% of the stock is currently owned by insiders.

Jones Lang LaSalle Stock Down 0.9%

JLL stock traded down $2.29 during trading on Friday, hitting $257.40. 396,141 shares of the stock traded hands, compared to its average volume of 353,966. The firm's 50 day moving average is $237.75 and its two-hundred day moving average is $246.44. The company has a debt-to-equity ratio of 0.17, a current ratio of 2.01 and a quick ratio of 2.01. The stock has a market cap of $12.22 billion, a price-to-earnings ratio of 23.27 and a beta of 1.34. Jones Lang LaSalle Incorporated has a 1 year low of $194.36 and a 1 year high of $288.50.

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

Analysts Set New Price Targets

JLL has been the subject of several research reports. Keefe, Bruyette & Woods decreased their price target on shares of Jones Lang LaSalle from $325.00 to $280.00 and set an "outperform" rating for the company in a research note on Thursday, April 17th. Wall Street Zen lowered shares of Jones Lang LaSalle from a "strong-buy" rating to a "buy" rating in a research note on Tuesday, May 13th. Citigroup decreased their price target on shares of 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. UBS Group increased their price target on shares of Jones Lang LaSalle from $305.00 to $340.00 and gave the stock a "buy" rating in a research note on Wednesday, July 2nd. Finally, JPMorgan Chase & Co. cut 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 report on Thursday, April 10th. One investment analyst has rated the stock with a hold rating, six have assigned a buy rating and one has issued a strong buy rating to the company's stock. According to data from MarketBeat.com, the company has a consensus 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.