Swiss National Bank Sells 1,500 Shares of Jones Lang LaSalle Incorporated (NYSE:JLL)

Swiss National Bank trimmed its holdings in shares of Jones Lang LaSalle Incorporated (NYSE:JLL - Free Report) by 1.6% during the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 91,900 shares of the financial services provider's stock after selling 1,500 shares during the period. Swiss National Bank owned approximately 0.19% of Jones Lang LaSalle worth $22,783,000 at the end of the most recent quarter.

Several other institutional investors have also added to or reduced their stakes in JLL. Federated Hermes Inc. boosted its stake in Jones Lang LaSalle by 16.7% during the 4th quarter. Federated Hermes Inc. now owns 5,807 shares of the financial services provider's stock valued at $1,470,000 after purchasing an additional 829 shares during the last quarter. Bank of Montreal Can boosted its stake in Jones Lang LaSalle by 8.5% during the 4th quarter. Bank of Montreal Can now owns 7,725 shares of the financial services provider's stock valued at $1,956,000 after purchasing an additional 607 shares during the last quarter. Renaissance Technologies LLC purchased a new stake in Jones Lang LaSalle during the 4th quarter valued at $12,553,000. Advisory Services Network LLC purchased a new stake in Jones Lang LaSalle during the 4th quarter valued at $292,000. Finally, Raymond James Financial Inc. purchased a new stake in Jones Lang LaSalle during the 4th quarter valued at $26,487,000. 94.80% of the stock is currently owned by hedge funds and other institutional investors.

Insider Activity

In other news, CEO Andrew W. Poppink sold 275 shares of Jones Lang LaSalle stock in a transaction dated Friday, June 20th. The stock was sold at an average price of $237.97, for a total value of $65,441.75. Following the sale, the chief executive officer directly owned 10,297 shares of the company's stock, valued at approximately $2,450,377.09. The trade was 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 hyperlink. Company insiders own 0.91% of the company's stock.

Jones Lang LaSalle Price Performance

NYSE:JLL traded up $1.08 on Friday, reaching $294.71. 377,426 shares of the company's stock traded hands, compared to its average volume of 461,633. The company has a quick ratio of 2.35, a current ratio of 2.35 and a debt-to-equity ratio of 0.16. The stock has a 50-day simple moving average of $258.67 and a 200-day simple moving average of $248.25. The firm has a market cap of $13.96 billion, a PE ratio of 25.34 and a beta of 1.38. Jones Lang LaSalle Incorporated has a 12 month low of $194.36 and a 12 month high of $298.39.

Jones Lang LaSalle (NYSE:JLL - Get Free Report) last posted its quarterly earnings results on Wednesday, August 6th. The financial services provider reported $3.30 EPS for the quarter, beating analysts' consensus estimates of $3.20 by $0.10. The business had revenue of $6.25 billion for the quarter, compared to analysts' expectations of $6.17 billion. Jones Lang LaSalle had a return on equity of 10.63% and a net margin of 2.28%. The business's quarterly revenue was up 11.0% on a year-over-year basis. During the same period last year, the firm earned $2.55 earnings per share. Equities research analysts forecast that Jones Lang LaSalle Incorporated will post 16.45 earnings per share for the current year.

Analyst Upgrades and Downgrades

A number of equities analysts have recently issued reports on JLL shares. Wall Street Zen upgraded Jones Lang LaSalle from a "hold" rating to a "buy" rating in a research note on Saturday, August 9th. UBS Group raised their price target on Jones Lang LaSalle from $305.00 to $340.00 and gave the stock a "buy" rating in a research note on Wednesday, July 2nd. Citigroup dropped their price target 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. Citizens Jmp started coverage on Jones Lang LaSalle in a research note on Monday, July 21st. They issued a "market perform" rating on the stock. Finally, The Goldman Sachs Group raised their price target on Jones Lang LaSalle from $338.00 to $378.00 and gave the stock a "buy" rating in a research note on Wednesday. Three research analysts have rated the stock with a hold rating, six have assigned a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat, Jones Lang LaSalle has a consensus rating of "Moderate Buy" and a consensus price target of $316.14.

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.