Jones Lang LaSalle Incorporated $JLL Stake Decreased by Vident Advisory LLC

Key Points

• Vident Advisory LLC has reduced its stake in Jones Lang LaSalle Incorporated by 31.0%, now holding 9,356 shares valued at approximately $2.32 million.
• Jones Lang LaSalle's earnings surpassed analyst expectations, reporting $3.30 earnings per share for the last quarter, compared to an expectation of $3.20.
• Analysts are mixed on Jones Lang LaSalle, with target prices ranging from $240.00 to $372.00, reflecting a consensus rating of "Moderate Buy".

Vident Advisory LLC trimmed its position in shares of Jones Lang LaSalle Incorporated (NYSE:JLL - Free Report) by 31.0% in the first quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 9,356 shares of the financial services provider's stock after selling 4,211 shares during the period. Vident Advisory LLC's holdings in Jones Lang LaSalle were worth $2,320,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also made changes to their positions in the company. Stifel Financial Corp increased its holdings in Jones Lang LaSalle by 2.7% in the 4th quarter. Stifel Financial Corp now owns 7,851 shares of the financial services provider's stock valued at $1,987,000 after purchasing an additional 207 shares in the last quarter. Tudor Investment Corp ET AL acquired a new stake in Jones Lang LaSalle in the 4th quarter valued at $817,000. Freestone Grove Partners LP acquired a new stake in Jones Lang LaSalle in the 4th quarter valued at $201,000. Alyeska Investment Group L.P. acquired a new stake in Jones Lang LaSalle in the 4th quarter valued at $24,402,000. Finally, Ameriprise Financial Inc. increased its holdings in Jones Lang LaSalle by 27.7% in the 4th quarter. Ameriprise Financial Inc. now owns 199,789 shares of the financial services provider's stock valued at $50,575,000 after purchasing an additional 43,378 shares in the last quarter. 94.80% of the stock is currently owned by institutional investors and hedge funds.

Jones Lang LaSalle Stock Up 1.3%

NYSE:JLL traded up $4.05 during mid-day trading on Friday, reaching $311.73. The stock had a trading volume of 337,902 shares, compared to its average volume of 426,808. The company has a market capitalization of $14.77 billion, a price-to-earnings ratio of 26.80 and a beta of 1.41. Jones Lang LaSalle Incorporated has a 1-year low of $194.36 and a 1-year high of $315.14. The stock's 50 day simple moving average is $276.92 and its two-hundred day simple moving average is $250.79. The company has a debt-to-equity ratio of 0.16, a current ratio of 2.35 and a quick ratio of 2.35.

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, topping analysts' consensus estimates of $3.20 by $0.10. Jones Lang LaSalle had a return on equity of 10.63% and a net margin of 2.28%.The business had revenue of $6.25 billion during the quarter, compared to the consensus estimate of $6.17 billion. During the same period last year, the firm earned $2.55 earnings per share. The company's revenue for the quarter was up 11.0% compared to the same quarter last year. Equities analysts anticipate that Jones Lang LaSalle Incorporated will post 16.45 EPS for the current year.

Wall Street Analyst Weigh In

Several brokerages recently issued reports on JLL. JMP Securities started coverage on Jones Lang LaSalle in a report on Monday, July 21st. They issued a "market perform" rating for the company. JPMorgan Chase & Co. upped their price objective on shares of Jones Lang LaSalle from $285.00 to $372.00 and gave the company an "overweight" rating in a research report on Tuesday, August 26th. Citizens Jmp started coverage on shares of Jones Lang LaSalle in a research report on Monday, July 21st. They issued a "market perform" rating for the company. Keefe, Bruyette & Woods upped their price objective on shares of Jones Lang LaSalle from $280.00 to $297.00 and gave the company an "outperform" rating in a research report on Thursday, July 24th. Finally, The Goldman Sachs Group upped their price objective on shares of Jones Lang LaSalle from $338.00 to $378.00 and gave the company a "buy" rating in a research report on Wednesday, August 13th. One analyst has rated the stock with a Strong Buy rating, five have assigned a Buy rating and three have given a Hold rating to the company's stock. According to data from MarketBeat.com, the company currently has an average rating of "Moderate Buy" and an average price target of $328.57.

Insider Transactions at Jones Lang LaSalle

In other Jones Lang LaSalle news, CEO Andrew W. Poppink sold 275 shares of the firm'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 transaction, the chief executive officer owned 10,297 shares of the company's stock, valued at $2,450,377.09. This trade represents a 2.60% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this link. 0.91% of the stock is owned by corporate insiders.

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.