Principal Financial Group Inc. Has $51.33 Million Position in Jones Lang LaSalle Incorporated (NYSE:JLL)

Principal Financial Group Inc. cut its stake in Jones Lang LaSalle Incorporated (NYSE:JLL - Free Report) by 0.9% during the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 207,068 shares of the financial services provider's stock after selling 1,927 shares during the quarter. Principal Financial Group Inc. owned about 0.44% of Jones Lang LaSalle worth $51,334,000 at the end of the most recent quarter.

Several other hedge funds also recently added to or reduced their stakes in JLL. Tidal Investments LLC raised its holdings in Jones Lang LaSalle by 4.7% during the fourth quarter. Tidal Investments LLC now owns 846 shares of the financial services provider's stock worth $214,000 after purchasing an additional 38 shares in the last quarter. Ellevest Inc. raised its holdings in Jones Lang LaSalle by 3.7% during the fourth quarter. Ellevest Inc. now owns 1,326 shares of the financial services provider's stock worth $336,000 after purchasing an additional 47 shares in the last quarter. CIBC Private Wealth Group LLC raised its holdings in Jones Lang LaSalle by 25.0% during the fourth quarter. CIBC Private Wealth Group LLC now owns 250 shares of the financial services provider's stock worth $62,000 after purchasing an additional 50 shares in the last quarter. Bessemer Group Inc. grew its position in Jones Lang LaSalle by 0.4% during the 4th quarter. Bessemer Group Inc. now owns 12,096 shares of the financial services provider's stock worth $3,062,000 after purchasing an additional 50 shares in the last quarter. Finally, Hancock Whitney Corp grew its position in Jones Lang LaSalle by 1.3% during the 4th quarter. Hancock Whitney Corp now owns 4,289 shares of the financial services provider's stock worth $1,086,000 after purchasing an additional 55 shares in the last quarter. 94.80% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several equities analysts have recently commented on JLL shares. UBS Group boosted their price target on shares of Jones Lang LaSalle from $305.00 to $340.00 and gave the company a "buy" rating in a report on Wednesday, July 2nd. Keefe, Bruyette & Woods lowered their price target on shares of Jones Lang LaSalle from $325.00 to $280.00 and set an "outperform" rating on the stock in a report on Thursday, April 17th. Wall Street Zen cut shares of Jones Lang LaSalle from a "strong-buy" rating to a "buy" rating in a report on Tuesday, May 13th. JPMorgan Chase & Co. lowered 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 report on Thursday, April 10th. Finally, Citigroup lowered their price target on shares of Jones Lang LaSalle from $275.00 to $240.00 and set a "neutral" rating on the stock in a report on Wednesday, May 28th. One equities research analyst has rated the stock with a hold rating, six have given a buy rating and one has issued a strong buy rating to the company's stock. Based on data from MarketBeat, the company currently has a consensus rating of "Buy" and a consensus target price of $310.00.

Jones Lang LaSalle Stock Down 0.9%

NYSE:JLL traded down $2.29 during trading hours on Monday, reaching $258.35. The company's stock had a trading volume of 364,674 shares, compared to its average volume of 350,250. The company has a market cap of $12.26 billion, a price-to-earnings ratio of 23.36 and a beta of 1.34. Jones Lang LaSalle Incorporated has a one year low of $194.36 and a one year high of $288.50. The business's 50-day moving average is $234.97 and its 200-day moving average is $246.22. 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 released its earnings results on Wednesday, May 7th. The financial services provider reported $2.31 earnings per share 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 net margin of 2.23% and a return on equity of 10.37%. The business's revenue was up 12.1% on a year-over-year basis. During the same quarter in the previous year, the business earned $1.78 EPS. Equities research analysts predict that Jones Lang LaSalle Incorporated will post 16.45 EPS for the current year.

Insiders Place Their Bets

In other news, CEO Andrew W. Poppink sold 275 shares of the company's stock in a transaction dated Friday, June 20th. The shares were sold at an average price of $237.97, for a total transaction of $65,441.75. Following the completion of the transaction, the chief executive officer owned 10,297 shares of the company's stock, valued at approximately $2,450,377.09. This represents a 2.60% decrease in their ownership of the stock. The sale was disclosed in a 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 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.