Truist Financial Corp Acquires 24,159 Shares of Jones Lang LaSalle Incorporated (NYSE:JLL)

Truist Financial Corp lifted its position in shares of Jones Lang LaSalle Incorporated (NYSE:JLL - Free Report) by 13.2% in the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 206,987 shares of the financial services provider's stock after buying an additional 24,159 shares during the period. Truist Financial Corp owned approximately 0.44% of Jones Lang LaSalle worth $51,314,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds and other institutional investors have also made changes to their positions in the company. OneDigital Investment Advisors LLC acquired a new position in shares of Jones Lang LaSalle in the first quarter worth $271,000. TKG Advisors LLC raised its stake in Jones Lang LaSalle by 6.0% during the 1st quarter. TKG Advisors LLC now owns 21,137 shares of the financial services provider's stock worth $5,240,000 after acquiring an additional 1,202 shares in the last quarter. Oregon Public Employees Retirement Fund increased its stake in Jones Lang LaSalle by 1.1% in the first quarter. Oregon Public Employees Retirement Fund now owns 9,721 shares of the financial services provider's stock valued at $2,410,000 after purchasing an additional 110 shares during the period. Resonant Capital Advisors LLC acquired a new position in Jones Lang LaSalle in the first quarter valued at $208,000. Finally, First Horizon Advisors Inc. increased its stake in Jones Lang LaSalle by 59.9% in the first quarter. First Horizon Advisors Inc. now owns 619 shares of the financial services provider's stock valued at $153,000 after purchasing an additional 232 shares during the period. Institutional investors and hedge funds own 94.80% of the company's stock.

Insider Transactions at Jones Lang LaSalle

In related news, CEO Andrew W. Poppink sold 275 shares of Jones Lang LaSalle stock in a transaction on 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 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 position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Insiders own 0.91% of the company's stock.

Jones Lang LaSalle Price Performance

Jones Lang LaSalle stock traded up $0.26 during mid-day trading on Wednesday, hitting $254.93. The company's stock had a trading volume of 294,103 shares, compared to its average volume of 398,175. The company has a quick ratio of 2.01, a current ratio of 2.01 and a debt-to-equity ratio of 0.17. The stock has a market capitalization of $12.10 billion, a P/E ratio of 23.05 and a beta of 1.34. Jones Lang LaSalle Incorporated has a twelve month low of $194.36 and a twelve month high of $288.50. The stock's fifty day moving average price is $236.12 and its two-hundred day moving average price is $246.33.

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 EPS 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 during the quarter, compared to analyst estimates of $5.65 billion. During the same quarter last year, the business posted $1.78 EPS. The company's revenue was up 12.1% on a year-over-year basis. Research analysts forecast that Jones Lang LaSalle Incorporated will post 16.45 earnings per share for the current year.

Analyst Ratings Changes

A number of research firms recently commented on JLL. Keefe, Bruyette & Woods decreased 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 report on Thursday, April 17th. JPMorgan Chase & Co. dropped their price objective on Jones Lang LaSalle from $327.00 to $285.00 and set an "overweight" rating for the company in a report on Thursday, April 10th. UBS Group increased their price target on Jones Lang LaSalle from $305.00 to $340.00 and gave the company a "buy" rating in a report on Wednesday, July 2nd. Wall Street Zen downgraded Jones Lang LaSalle from a "strong-buy" rating to a "buy" rating in a report on Tuesday, May 13th. Finally, Citigroup lowered their price target on Jones Lang LaSalle from $275.00 to $240.00 and set a "neutral" rating for the company in a report on Wednesday, May 28th. One equities research analyst has rated the stock with a hold rating, six have issued a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat.com, Jones Lang LaSalle has an average rating of "Buy" and an average price target 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.