PAX Financial Group LLC Takes $264,000 Position in Jones Lang LaSalle Incorporated (NYSE:JLL)

PAX Financial Group LLC bought a new stake in shares of Jones Lang LaSalle Incorporated (NYSE:JLL - Free Report) in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund bought 1,064 shares of the financial services provider's stock, valued at approximately $264,000.

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

Jones Lang LaSalle Stock Performance

JLL traded up $1.62 on Friday, reaching $253.50. The stock had a trading volume of 211,054 shares, compared to its average volume of 353,376. The company has a market cap of $12.03 billion, a P/E ratio of 22.92 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. The business's 50-day moving average price is $240.00 and its two-hundred day moving average price is $246.39. The company has a current ratio of 2.01, a quick ratio of 2.01 and a debt-to-equity ratio of 0.17.

Jones Lang LaSalle (NYSE:JLL - Get Free Report) last posted its quarterly earnings data on Wednesday, May 7th. The financial services provider reported $2.31 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.02 by $0.29. The business had revenue of $5.75 billion for the quarter, compared to the consensus estimate 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 revenue was up 12.1% compared to the same quarter last year. During the same period last year, the firm posted $1.78 earnings per share. Sell-side analysts forecast that Jones Lang LaSalle Incorporated will post 16.45 earnings per share for the current year.

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 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 completion of the sale, the chief executive officer directly owned 10,297 shares of the company's stock, valued at $2,450,377.09. This represents a 2.60% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Insiders own 0.91% of the company's stock.

Wall Street Analysts Forecast Growth

JLL has been the topic of a number of research analyst reports. Wall Street Zen lowered Jones Lang LaSalle from a "buy" rating to a "hold" rating in a research note on Saturday, July 12th. JPMorgan Chase & Co. cut their price objective on Jones Lang LaSalle from $327.00 to $285.00 and set an "overweight" rating on the stock in a report on Thursday, April 10th. Keefe, Bruyette & Woods dropped their target price on Jones Lang LaSalle from $325.00 to $280.00 and set an "outperform" rating on the stock in a research report on Thursday, April 17th. Citigroup reduced their price target on shares of Jones Lang LaSalle from $275.00 to $240.00 and set a "neutral" rating for the company in a research report on Wednesday, May 28th. Finally, 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. Two research analysts have rated the stock with a hold rating, five have given a buy rating and one has given a strong buy rating to the stock. According to MarketBeat, the stock has an average rating of "Moderate Buy" and a consensus price target of $310.00.

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.