Jones Lang LaSalle Incorporated (NYSE:JLL) Shares Sold by New Age Alpha Advisors LLC

Key Points

• New Age Alpha Advisors LLC cut its holdings in Jones Lang LaSalle by 27.9% in Q1, owning 20,216 shares worth approximately $5 million after selling 7,826 shares during the period.
• Jones Lang LaSalle reported earnings per share of $2.31, exceeding analysts' expectations of $2.02, with revenues reaching $5.75 billion for the quarter, a 12.1% year-over-year increase.
• Analysts have mixed sentiments about Jones Lang LaSalle’s stock, with target prices ranging from $240 to $340, resulting in an average rating of "Moderate Buy" and a target price of $312.43.

New Age Alpha Advisors LLC lowered its position in Jones Lang LaSalle Incorporated (NYSE:JLL - Free Report) by 27.9% during the first quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 20,216 shares of the financial services provider's stock after selling 7,826 shares during the period. New Age Alpha Advisors LLC's holdings in Jones Lang LaSalle were worth $5,012,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently modified their holdings of the company. Blair William & Co. IL grew its position in Jones Lang LaSalle by 285.8% during the 1st quarter. Blair William & Co. IL now owns 217,835 shares of the financial services provider's stock worth $54,003,000 after purchasing an additional 161,371 shares during the last quarter. Manchester Capital Management LLC grew its position in Jones Lang LaSalle by 22.6% during the 1st quarter. Manchester Capital Management LLC now owns 929 shares of the financial services provider's stock worth $230,000 after purchasing an additional 171 shares during the last quarter. PNC Financial Services Group Inc. grew its position in Jones Lang LaSalle by 11.2% during the 1st quarter. PNC Financial Services Group Inc. now owns 2,605 shares of the financial services provider's stock worth $646,000 after purchasing an additional 262 shares during the last quarter. Jupiter Asset Management Ltd. grew its position in Jones Lang LaSalle by 2.9% during the 1st quarter. Jupiter Asset Management Ltd. now owns 73,620 shares of the financial services provider's stock worth $18,251,000 after purchasing an additional 2,081 shares during the last quarter. Finally, Vulcan Value Partners LLC boosted its holdings in shares of Jones Lang LaSalle by 22.9% in the 1st quarter. Vulcan Value Partners LLC now owns 536,063 shares of the financial services provider's stock valued at $132,828,000 after acquiring an additional 99,837 shares during the last quarter. Hedge funds and other institutional investors own 94.80% of the company's stock.

Jones Lang LaSalle Price Performance

Shares of NYSE:JLL traded up $4.20 during midday trading on Friday, reaching $278.52. 364,406 shares of the company's stock traded hands, compared to its average volume of 409,870. The company has a market cap of $13.22 billion, a P/E ratio of 23.95 and a beta of 1.38. The company has a fifty day simple moving average of $252.48 and a two-hundred day simple moving average of $248.04. The company has a debt-to-equity ratio of 0.16, a quick ratio of 2.01 and a current ratio of 2.35. 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 posted its quarterly earnings data on Wednesday, August 6th. The financial services provider reported $3.30 earnings per share for the quarter, topping analysts' consensus estimates of $3.20 by $0.10. The company had revenue of $6.25 billion during the quarter, compared to analysts' expectations of $6.17 billion. Jones Lang LaSalle had a net margin of 2.28% and a return on equity of 10.63%. The firm's revenue for the quarter was up 11.0% on a year-over-year basis. During the same period in the prior year, the business posted $2.55 earnings per share. Equities analysts predict that Jones Lang LaSalle Incorporated will post 16.45 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

Several research firms have recently commented on JLL. Keefe, Bruyette & Woods upped their price objective on shares of Jones Lang LaSalle from $280.00 to $297.00 and gave the company an "outperform" rating in a report on Thursday, July 24th. JMP Securities began coverage on shares of Jones Lang LaSalle in a report on Monday, July 21st. They issued a "market perform" rating on the stock. UBS Group upped their price objective 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. Wall Street Zen raised shares of Jones Lang LaSalle from a "hold" rating to a "buy" rating in a report on Saturday. Finally, Citizens Jmp began coverage on shares of Jones Lang LaSalle in a report on Monday, July 21st. They issued a "market perform" rating on the stock. Three analysts have rated the stock with a hold rating, six have assigned 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 an average price target of $312.43.

Insiders Place Their Bets

In other Jones Lang LaSalle news, CEO Andrew W. Poppink sold 275 shares of the company's stock in a transaction 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 directly owned 10,297 shares in the company, valued at approximately $2,450,377.09. This represents a 2.60% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Corporate insiders own 0.91% of the company's stock.

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.