OneDigital Investment Advisors LLC Takes $271,000 Position in Jones Lang LaSalle Incorporated (NYSE:JLL)

OneDigital Investment Advisors LLC bought a new position in shares of Jones Lang LaSalle Incorporated (NYSE:JLL - Free Report) in the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor bought 1,093 shares of the financial services provider's stock, valued at approximately $271,000.

A number of other large investors have also modified their holdings of the business. TKG Advisors LLC raised its stake in shares of Jones Lang LaSalle by 6.0% during the 1st quarter. TKG Advisors LLC now owns 21,137 shares of the financial services provider's stock worth $5,240,000 after buying an additional 1,202 shares in the last quarter. Oregon Public Employees Retirement Fund raised its stake in shares of Jones Lang LaSalle by 1.1% during the 1st quarter. Oregon Public Employees Retirement Fund now owns 9,721 shares of the financial services provider's stock worth $2,410,000 after buying an additional 110 shares in the last quarter. Resonant Capital Advisors LLC purchased a new position in shares of Jones Lang LaSalle during the 1st quarter worth approximately $208,000. First Horizon Advisors Inc. raised its stake in shares of Jones Lang LaSalle by 59.9% during the 1st quarter. First Horizon Advisors Inc. now owns 619 shares of the financial services provider's stock worth $153,000 after buying an additional 232 shares in the last quarter. Finally, WCM Investment Management LLC raised its stake in shares of Jones Lang LaSalle by 3.0% during the 1st quarter. WCM Investment Management LLC now owns 20,085 shares of the financial services provider's stock worth $4,939,000 after buying an additional 594 shares in the last quarter. 94.80% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

JLL has been the subject of several research analyst reports. Wall Street Zen downgraded Jones Lang LaSalle from a "buy" rating to a "hold" rating in a research note on Saturday. Citigroup cut their price target on Jones Lang LaSalle from $275.00 to $240.00 and set a "neutral" rating for the company in a research note on Wednesday, May 28th. JPMorgan Chase & Co. dropped their target price 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 reduced 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. Finally, UBS Group raised their price objective on shares of Jones Lang LaSalle from $305.00 to $340.00 and gave the stock a "buy" rating in a research note on Wednesday, July 2nd. Two equities research analysts have rated the stock with a hold rating, five have assigned a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat, the stock presently has an average rating of "Moderate Buy" and a consensus price target of $310.00.

Jones Lang LaSalle Trading Down 0.9%

JLL stock traded down $2.29 during midday trading on Friday, hitting $257.40. The stock had a trading volume of 396,141 shares, compared to its average volume of 353,757. The company's 50-day moving average price is $237.75 and its 200 day moving average price is $246.38. The company has a debt-to-equity ratio of 0.17, a current ratio of 2.01 and a quick ratio of 2.01. The firm has a market cap of $12.22 billion, a PE ratio of 23.27 and a beta of 1.34. Jones Lang LaSalle Incorporated has a 12-month low of $194.36 and a 12-month high of $288.50.

Jones Lang LaSalle (NYSE:JLL - Get Free Report) last released its 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. 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 analyst estimates of $5.65 billion. During the same period in the prior year, the firm posted $1.78 earnings per share. The business's quarterly revenue was up 12.1% compared to the same quarter last year. On average, equities research analysts predict that Jones Lang LaSalle Incorporated will post 16.45 earnings per share for the current fiscal year.

Insider Activity

In related news, CEO Andrew W. Poppink sold 275 shares of the company'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 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 document filed with the SEC, which is accessible through this hyperlink. Corporate insiders own 0.91% of the company's stock.

About Jones Lang LaSalle

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.