Jones Lang LaSalle Incorporated (NYSE:JLL) Shares Bought by TKG Advisors LLC

TKG Advisors LLC boosted its stake in shares of Jones Lang LaSalle Incorporated (NYSE:JLL - Free Report) by 6.0% during the first quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 21,137 shares of the financial services provider's stock after acquiring an additional 1,202 shares during the quarter. Jones Lang LaSalle makes up approximately 2.6% of TKG Advisors LLC's holdings, making the stock its 10th biggest holding. TKG Advisors LLC's holdings in Jones Lang LaSalle were worth $5,240,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in the stock. Private Trust Co. NA lifted its position in Jones Lang LaSalle by 112.0% during the 4th quarter. Private Trust Co. NA now owns 106 shares of the financial services provider's stock valued at $27,000 after purchasing an additional 56 shares during the period. Golden State Wealth Management LLC bought a new position in Jones Lang LaSalle during the first quarter worth about $33,000. Western Pacific Wealth Management LP bought a new stake in shares of Jones Lang LaSalle in the 1st quarter valued at about $41,000. 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 valued at $62,000 after acquiring an additional 50 shares during the period. Finally, Versant Capital Management Inc boosted its stake in Jones Lang LaSalle by 356.3% during the 1st quarter. Versant Capital Management Inc now owns 324 shares of the financial services provider's stock worth $80,000 after acquiring an additional 253 shares during the last quarter. Institutional investors and hedge funds own 94.80% of the company's stock.

Insider Buying and Selling

In other news, CEO Andrew W. Poppink sold 275 shares of the firm's 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 completion of the transaction, the chief executive officer owned 10,297 shares in the company, valued at $2,450,377.09. This trade represents a 2.60% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. 0.91% of the stock is owned by company insiders.

Jones Lang LaSalle Stock Up 0.6%

Shares of NYSE:JLL traded up $1.64 during mid-day trading on Friday, reaching $260.64. 391,566 shares of the stock were exchanged, compared to its average volume of 350,051. The company has a market cap of $12.37 billion, a P/E ratio of 23.57 and a beta of 1.34. The stock's 50 day simple moving average is $234.25 and its 200-day simple moving average is $246.35. The company has a quick ratio of 2.01, a current ratio of 2.01 and a debt-to-equity ratio of 0.17. Jones Lang LaSalle Incorporated has a one year low of $194.36 and a one year high of $288.50.

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 earnings per share for the quarter, topping the consensus estimate 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 company had revenue of $5.75 billion during the quarter, compared to analysts' expectations of $5.65 billion. During the same period last year, the business earned $1.78 EPS. The business's quarterly revenue was up 12.1% on a year-over-year basis. As a group, equities research analysts predict that Jones Lang LaSalle Incorporated will post 16.45 EPS for the current year.

Wall Street Analysts Forecast Growth

Several equities research analysts have weighed in on JLL shares. Keefe, Bruyette & Woods cut their target price 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. Citigroup dropped their price objective 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. Wall Street Zen cut Jones Lang LaSalle from a "strong-buy" rating to a "buy" rating in a research note on Tuesday, May 13th. JPMorgan Chase & Co. dropped their price target on 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. Finally, UBS Group boosted their price objective on Jones Lang LaSalle from $305.00 to $340.00 and gave the company a "buy" rating in a research report on Wednesday. One investment analyst has rated the stock with a hold rating, six have assigned a buy rating and one has assigned a strong buy rating to the company's stock. According to data from MarketBeat, the stock presently has a consensus rating of "Buy" and an average target price of $310.00.

Jones Lang LaSalle 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.