Jupiter Asset Management Ltd. increased its stake in shares of Jones Lang LaSalle Incorporated (NYSE:JLL - Free Report) by 2.9% during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 73,620 shares of the financial services provider's stock after acquiring an additional 2,081 shares during the period. Jupiter Asset Management Ltd. owned about 0.15% of Jones Lang LaSalle worth $18,251,000 as of its most recent filing with the Securities & Exchange Commission.
Several other hedge funds have also bought and sold shares of JLL. Allianz Asset Management GmbH raised its stake in Jones Lang LaSalle by 194.0% in the 1st quarter. Allianz Asset Management GmbH now owns 395,337 shares of the financial services provider's stock valued at $98,008,000 after purchasing an additional 260,847 shares during the last quarter. Marshall Wace LLP increased its stake in shares of Jones Lang LaSalle by 134.5% in the 4th quarter. Marshall Wace LLP now owns 373,207 shares of the financial services provider's stock worth $94,474,000 after acquiring an additional 214,087 shares during the last quarter. GAMMA Investing LLC increased its stake in shares of Jones Lang LaSalle by 25,132.7% in the 1st quarter. GAMMA Investing LLC now owns 212,459 shares of the financial services provider's stock worth $52,671,000 after acquiring an additional 211,617 shares during the last quarter. Millennium Management LLC increased its stake in shares of Jones Lang LaSalle by 146.2% in the 4th quarter. Millennium Management LLC now owns 335,451 shares of the financial services provider's stock worth $84,916,000 after acquiring an additional 199,197 shares during the last quarter. Finally, SG Americas Securities LLC increased its stake in shares of Jones Lang LaSalle by 51.5% in the 1st quarter. SG Americas Securities LLC now owns 422,688 shares of the financial services provider's stock worth $104,789,000 after acquiring an additional 143,623 shares during the last quarter. Hedge funds and other institutional investors own 94.80% of the company's stock.
Insider Activity at Jones Lang LaSalle
In other Jones Lang LaSalle news, CEO Andrew W. Poppink sold 275 shares of the company's stock in a transaction that occurred on Friday, June 20th. The stock was sold at an average price of $237.97, for a total transaction of $65,441.75. Following the sale, 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 ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through this link. Company insiders own 0.91% of the company's stock.
Jones Lang LaSalle Trading Up 1.9%
Shares of NYSE:JLL traded up $4.96 during midday trading on Monday, reaching $270.31. The company's stock had a trading volume of 303,805 shares, compared to its average volume of 397,845. The firm has a market cap of $12.83 billion, a price-to-earnings ratio of 24.44 and a beta of 1.38. The company has a quick ratio of 2.01, a current ratio of 2.01 and a debt-to-equity ratio of 0.17. Jones Lang LaSalle Incorporated has a 1 year low of $194.36 and a 1 year high of $288.50. The business has a 50 day moving average price of $247.11 and a 200 day moving average price of $247.47.
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 earnings per share (EPS) for the quarter, beating 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 firm had revenue of $5.75 billion during the quarter, compared to the consensus estimate of $5.65 billion. During the same quarter in the previous year, the business earned $1.78 earnings per share. The firm's quarterly revenue was up 12.1% compared to the same quarter last year. Research analysts forecast that Jones Lang LaSalle Incorporated will post 16.45 EPS for the current year.
Wall Street Analyst Weigh In
A number of equities analysts have recently weighed in on JLL shares. UBS Group increased their price target on Jones Lang LaSalle from $305.00 to $340.00 and gave the stock a "buy" rating in a report on Wednesday, July 2nd. JMP Securities started coverage on Jones Lang LaSalle in a report on Monday, July 21st. They set a "market perform" rating for the company. Wall Street Zen cut Jones Lang LaSalle from a "buy" rating to a "hold" rating in a report on Monday, July 28th. Citizens Jmp began coverage on Jones Lang LaSalle in a report on Monday, July 21st. They set a "market perform" rating for the company. Finally, Citigroup lowered their target price on Jones Lang LaSalle from $275.00 to $240.00 and set a "neutral" rating for the company in a report on Wednesday, May 28th. Four analysts have rated the stock with a hold rating, five have issued a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and an average target price of $312.43.
View Our Latest Research Report on JLL
Jones Lang LaSalle Profile
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Free Report)
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.
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