Simon Quick Advisors LLC Buys Shares of 1,381 Jones Lang LaSalle Incorporated (NYSE:JLL)

Simon Quick Advisors LLC bought a new stake in shares of Jones Lang LaSalle Incorporated (NYSE:JLL - Free Report) in the 1st quarter, according to its most recent filing with the SEC. The institutional investor bought 1,381 shares of the financial services provider's stock, valued at approximately $342,000.

Several other institutional investors and hedge funds also recently made changes to their positions in JLL. Tidal Investments LLC increased its position in Jones Lang LaSalle by 4.7% in the fourth quarter. Tidal Investments LLC now owns 846 shares of the financial services provider's stock worth $214,000 after buying an additional 38 shares during the period. Hudson Edge Investment Partners Inc. increased its position in Jones Lang LaSalle by 3.1% in the fourth quarter. Hudson Edge Investment Partners Inc. now owns 1,332 shares of the financial services provider's stock worth $337,000 after buying an additional 40 shares during the period. Ellevest Inc. increased its position 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 during the period. CIBC Private Wealth Group LLC increased its position in Jones Lang LaSalle by 25.0% in the fourth quarter. CIBC Private Wealth Group LLC now owns 250 shares of the financial services provider's stock worth $62,000 after buying an additional 50 shares during the period. Finally, Bessemer Group Inc. increased its position 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 worth $3,062,000 after buying an additional 50 shares during the period. 94.80% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

JLL has been the topic of a number of recent analyst reports. Keefe, Bruyette & Woods cut their price objective on shares of Jones Lang LaSalle from $325.00 to $280.00 and set an "outperform" rating on the stock in a research note on Thursday, April 17th. Citigroup dropped their price target on shares of Jones Lang LaSalle from $275.00 to $240.00 and set a "neutral" rating on the stock in a research report on Wednesday, May 28th. JPMorgan Chase & Co. dropped their price target on shares of Jones Lang LaSalle from $327.00 to $285.00 and set an "overweight" rating on the stock in a research report on Thursday, April 10th. Wall Street Zen cut shares of Jones Lang LaSalle from a "strong-buy" rating to a "buy" rating in a research report on Tuesday, May 13th. Finally, UBS Group dropped their price target on shares of Jones Lang LaSalle from $340.00 to $305.00 and set a "buy" rating on the stock in a research report on Friday, April 11th. One research analyst has rated the stock with a hold rating, six have given a buy rating and one has issued a strong buy rating to the company. According to MarketBeat.com, the company presently has a consensus rating of "Buy" and a consensus price target of $305.00.

Jones Lang LaSalle Stock Performance

Shares of JLL stock traded down $4.80 during trading hours on Friday, reaching $236.79. 706,512 shares of the company's stock were exchanged, compared to its average volume of 339,000. Jones Lang LaSalle Incorporated has a fifty-two week low of $194.36 and a fifty-two week high of $288.50. The stock has a market capitalization of $11.24 billion, a P/E ratio of 20.97 and a beta of 1.31. The business has a fifty day moving average price of $224.80 and a 200-day moving average price of $248.79. The company has a quick ratio of 2.29, a current ratio of 2.00 and a debt-to-equity ratio of 0.12.

Jones Lang LaSalle (NYSE:JLL - Get Free Report) last issued its quarterly earnings results on Wednesday, May 7th. The financial services provider reported $2.31 EPS for the quarter, topping analysts' consensus estimates of $2.02 by $0.29. The company had revenue of $5.75 billion during the quarter, compared to analyst estimates of $5.65 billion. Jones Lang LaSalle had a return on equity of 10.20% and a net margin of 2.33%. The company's quarterly revenue was up 12.1% compared to the same quarter last year. During the same period in the previous year, the company earned $1.78 earnings per share. Analysts predict that Jones Lang LaSalle Incorporated will post 16.45 EPS for the current fiscal 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.