SG Americas Securities LLC Has $104.79 Million Stock Position in Jones Lang LaSalle Incorporated (NYSE:JLL)

SG Americas Securities LLC raised its holdings in Jones Lang LaSalle Incorporated (NYSE:JLL - Free Report) by 51.5% during the first quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 422,688 shares of the financial services provider's stock after buying an additional 143,623 shares during the quarter. SG Americas Securities LLC owned about 0.89% of Jones Lang LaSalle worth $104,789,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently made changes to their positions in the company. Private Trust Co. NA boosted its stake in shares of Jones Lang LaSalle by 112.0% during the fourth quarter. Private Trust Co. NA now owns 106 shares of the financial services provider's stock valued at $27,000 after purchasing an additional 56 shares in the last quarter. Principal Securities Inc. grew its position in Jones Lang LaSalle by 166.7% in the 4th quarter. Principal Securities Inc. now owns 176 shares of the financial services provider's stock valued at $45,000 after acquiring an additional 110 shares in the last quarter. V Square Quantitative Management LLC lifted its position in Jones Lang LaSalle by 52.9% in the fourth quarter. V Square Quantitative Management LLC now owns 208 shares of the financial services provider's stock valued at $53,000 after acquiring an additional 72 shares during the last quarter. CIBC Private Wealth Group LLC lifted its holdings in Jones Lang LaSalle by 25.0% in the fourth quarter. CIBC Private Wealth Group LLC now owns 250 shares of the financial services provider's stock valued at $62,000 after acquiring an additional 50 shares during the period. Finally, Versant Capital Management Inc grew its stake in 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 acquiring an additional 253 shares during the last quarter. Hedge funds and other institutional investors own 94.80% of the company's stock.

Wall Street Analyst Weigh In

JLL has been the subject of several recent research reports. Keefe, Bruyette & Woods dropped their price objective on shares of 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 decreased their price target on shares of Jones Lang LaSalle from $340.00 to $305.00 and set a "buy" rating on the stock in a research report on Friday, April 11th. Wall Street Zen downgraded Jones Lang LaSalle from a "strong-buy" rating to a "buy" rating in a research report on Tuesday, May 13th. Citigroup decreased their price target 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. reduced their price objective on shares of Jones Lang LaSalle from $327.00 to $285.00 and set an "overweight" rating for the company in a research note on Thursday, April 10th. One equities research 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 stock. Based on data from MarketBeat.com, Jones Lang LaSalle currently has a consensus rating of "Buy" and an average target price of $305.00.

Jones Lang LaSalle Price Performance

Jones Lang LaSalle stock traded up $2.58 during mid-day trading on Wednesday, hitting $239.97. 171,618 shares of the company were exchanged, compared to its average volume of 333,375. The company has a quick ratio of 2.29, a current ratio of 2.00 and a debt-to-equity ratio of 0.12. The business has a fifty day moving average of $223.29 and a 200 day moving average of $249.71. Jones Lang LaSalle Incorporated has a 1-year low of $194.36 and a 1-year high of $288.50. The company has a market capitalization of $11.39 billion, a PE ratio of 21.25 and a beta of 1.31.

Jones Lang LaSalle (NYSE:JLL - Get Free Report) last posted its quarterly earnings data on Wednesday, May 7th. The financial services provider reported $2.31 earnings per share for the quarter, topping the consensus estimate of $2.02 by $0.29. Jones Lang LaSalle had a return on equity of 10.20% and a net margin of 2.33%. The company had revenue of $5.75 billion during the quarter, compared to analysts' expectations of $5.65 billion. During the same period in the prior year, the firm earned $1.78 earnings per share. Jones Lang LaSalle's revenue for the quarter was up 12.1% compared to the same quarter last year. As a group, sell-side analysts expect that Jones Lang LaSalle Incorporated will post 16.45 earnings per share for the current year.

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.