Jones Lang LaSalle Incorporated (NYSE:JLL) Shares Sold by University of Texas Texas AM Investment Management Co.

Key Points

• The University of Texas Texas AM Investment Management Co. reduced its stake in Jones Lang LaSalle Inc. by 32.8%, owning 11,401 shares valued at approximately $2.83 million after selling 5,566 shares in the first quarter.
• Insider activity includes CEO Andrew W. Poppink selling 275 shares of stock valued at about $65,441, reducing his ownership by 2.60% to 10,297 shares.
• Analysts' ratings on Jones Lang LaSalle have shifted, with four analysts rating it as hold, five as buy, and one as strong buy, leading to a consensus target price of $312.43.

University of Texas Texas AM Investment Management Co. trimmed its holdings in shares of Jones Lang LaSalle Incorporated (NYSE:JLL - Free Report) by 32.8% in the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 11,401 shares of the financial services provider's stock after selling 5,566 shares during the quarter. University of Texas Texas AM Investment Management Co.'s holdings in Jones Lang LaSalle were worth $2,826,000 at the end of the most recent quarter.

A number of other hedge funds have also recently modified their holdings of the business. First National Advisers LLC boosted its position in shares of Jones Lang LaSalle by 35.5% in the first quarter. First National Advisers LLC now owns 6,999 shares of the financial services provider's stock worth $1,735,000 after purchasing an additional 1,832 shares during the period. TCW Group Inc. boosted its stake in shares of Jones Lang LaSalle by 1.1% in the first quarter. TCW Group Inc. now owns 263,501 shares of the financial services provider's stock worth $65,325,000 after acquiring an additional 2,829 shares during the period. LPL Financial LLC boosted its stake in shares of Jones Lang LaSalle by 94.0% in the first quarter. LPL Financial LLC now owns 23,833 shares of the financial services provider's stock worth $5,908,000 after acquiring an additional 11,548 shares during the period. HB Wealth Management LLC bought a new position in Jones Lang LaSalle in the 1st quarter worth approximately $208,000. Finally, Skandinaviska Enskilda Banken AB publ bought a new position in shares of Jones Lang LaSalle during the first quarter worth $521,000. Institutional investors own 94.80% of the company's stock.

Insider Buying and Selling

In related news, CEO Andrew W. Poppink sold 275 shares of the business's stock in a transaction that occurred on 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 in the company, valued at $2,450,377.09. The trade was a 2.60% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Corporate insiders own 0.91% of the company's stock.

Analysts Set New Price Targets

A number of equities analysts recently commented on JLL shares. UBS Group increased their price target on Jones Lang LaSalle from $305.00 to $340.00 and gave the company a "buy" rating in a research note on Wednesday, July 2nd. Citizens Jmp assumed coverage on Jones Lang LaSalle in a research report on Monday, July 21st. They set a "market perform" rating for the company. JPMorgan Chase & Co. lowered their price target on shares of Jones Lang LaSalle from $327.00 to $285.00 and set an "overweight" rating for the company in a report on Thursday, April 10th. Keefe, Bruyette & Woods raised their price objective on Jones Lang LaSalle from $280.00 to $297.00 and gave the company an "outperform" rating in a research note on Thursday, July 24th. Finally, JMP Securities began coverage on Jones Lang LaSalle in a research report on Monday, July 21st. They issued a "market perform" rating for the company. Four equities research analysts have rated the stock with a hold rating, five have issued a buy rating and one has given a strong buy rating to the company's stock. According to data from MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and a consensus price target of $312.43.

Jones Lang LaSalle Trading Up 0.5%

JLL traded up $1.28 on Thursday, reaching $273.66. 180,049 shares of the company traded hands, compared to its average volume of 395,301. The company has a quick ratio of 2.01, a current ratio of 2.01 and a debt-to-equity ratio of 0.17. The firm has a fifty day simple moving average of $245.00 and a two-hundred day simple moving average of $247.21. The company has a market cap of $12.99 billion, a P/E ratio of 24.74 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.

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. The business 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 company's quarterly revenue was up 12.1% compared to the same quarter last year. During the same quarter in the previous year, the business posted $1.78 EPS. As a group, equities research analysts expect that Jones Lang LaSalle Incorporated will post 16.45 earnings per share for the current year.

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.