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Sowell Financial Services LLC Takes $419,000 Position in Jones Lang LaSalle Incorporated (NYSE:JLL)

Jones Lang LaSalle logo with Finance background

Sowell Financial Services LLC bought a new position in shares of Jones Lang LaSalle Incorporated (NYSE:JLL - Free Report) in the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund bought 1,690 shares of the financial services provider's stock, valued at approximately $419,000.

A number of other large investors have also recently bought and sold shares of JLL. Principal Securities Inc. lifted its stake in Jones Lang LaSalle by 166.7% during the 4th quarter. Principal Securities Inc. now owns 176 shares of the financial services provider's stock valued at $45,000 after acquiring an additional 110 shares during the period. Fox Run Management L.L.C. purchased a new position in shares of Jones Lang LaSalle during the fourth quarter worth $413,000. New Age Alpha Advisors LLC acquired a new position in Jones Lang LaSalle during the fourth quarter valued at $7,099,000. Sanctuary Advisors LLC boosted its holdings in Jones Lang LaSalle by 7.2% in the fourth quarter. Sanctuary Advisors LLC now owns 3,010 shares of the financial services provider's stock valued at $762,000 after purchasing an additional 201 shares during the last quarter. Finally, Cetera Investment Advisers grew its position in Jones Lang LaSalle by 24.5% during the 4th quarter. Cetera Investment Advisers now owns 7,521 shares of the financial services provider's stock worth $1,904,000 after purchasing an additional 1,479 shares during the period. Hedge funds and other institutional investors own 94.80% of the company's stock.

Analysts Set New Price Targets

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

Get Our Latest Research Report on Jones Lang LaSalle

Insiders Place Their Bets

In related news, CEO Andrew W. Poppink sold 275 shares of the company's stock in a transaction dated Friday, June 20th. The shares were sold at an average price of $237.97, for a total value of $65,441.75. Following the completion of the sale, the chief executive officer now owns 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 can be accessed through this link. 0.91% of the stock is currently owned by corporate insiders.

Jones Lang LaSalle Price Performance

JLL stock traded up $3.38 during midday trading on Tuesday, reaching $250.96. The stock had a trading volume of 354,040 shares, compared to its average volume of 340,804. Jones Lang LaSalle Incorporated has a 52-week low of $194.36 and a 52-week high of $288.50. The company has a current ratio of 2.01, a quick ratio of 2.01 and a debt-to-equity ratio of 0.17. The company's fifty day simple moving average is $227.58 and its 200 day simple moving average is $246.95. The company has a market cap of $11.91 billion, a price-to-earnings ratio of 22.69 and a beta of 1.31.

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 for the quarter, topping analysts' consensus estimates of $2.02 by $0.29. Jones Lang LaSalle had a net margin of 2.23% and a return on equity of 10.37%. The firm had revenue of $5.75 billion for the quarter, compared to analyst estimates of $5.65 billion. During the same period in the previous year, the business posted $1.78 earnings per share. Jones Lang LaSalle's quarterly revenue was up 12.1% on a year-over-year basis. As a group, sell-side analysts predict that Jones Lang LaSalle Incorporated will post 16.45 earnings per share for the current fiscal year.

About Jones Lang LaSalle

(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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Institutional Ownership by Quarter for Jones Lang LaSalle (NYSE:JLL)

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