Jones Lang LaSalle Incorporated (NYSE:JLL) Shares Bought by Vulcan Value Partners LLC

Vulcan Value Partners LLC raised its stake in shares of Jones Lang LaSalle Incorporated (NYSE:JLL - Free Report) by 22.9% in the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 536,063 shares of the financial services provider's stock after buying an additional 99,837 shares during the quarter. Jones Lang LaSalle comprises approximately 2.5% of Vulcan Value Partners LLC's holdings, making the stock its 15th largest position. Vulcan Value Partners LLC owned about 1.13% of Jones Lang LaSalle worth $132,828,000 as of its most recent SEC filing.

Other institutional investors have also added to or reduced their stakes in the company. LPL Financial LLC grew its holdings in shares of Jones Lang LaSalle by 55.2% in the fourth quarter. LPL Financial LLC now owns 12,285 shares of the financial services provider's stock valued at $3,110,000 after purchasing an additional 4,371 shares in the last quarter. Pictet Asset Management Holding SA lifted its position in shares of Jones Lang LaSalle by 16.2% during the fourth quarter. Pictet Asset Management Holding SA now owns 7,289 shares of the financial services provider's stock worth $1,845,000 after purchasing an additional 1,017 shares during the last quarter. Schroder Investment Management Group increased its stake in shares of Jones Lang LaSalle by 223.0% during the fourth quarter. Schroder Investment Management Group now owns 2,468 shares of the financial services provider's stock valued at $622,000 after buying an additional 1,704 shares during the period. CIBC Private Wealth Group LLC increased its stake in shares of Jones Lang LaSalle by 25.0% during the fourth quarter. CIBC Private Wealth Group LLC now owns 250 shares of the financial services provider's stock valued at $62,000 after buying an additional 50 shares during the period. Finally, Franklin Resources Inc. increased its stake in shares of Jones Lang LaSalle by 14.1% during the fourth quarter. Franklin Resources Inc. now owns 131,751 shares of the financial services provider's stock valued at $33,351,000 after buying an additional 16,249 shares during the period. 94.80% of the stock is owned by hedge funds and other institutional investors.

Jones Lang LaSalle Trading Down 1.8%

NYSE:JLL traded down $4.88 during trading hours on Friday, hitting $265.48. The company had a trading volume of 404,095 shares, compared to its average volume of 378,677. 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 has a 50-day moving average of $247.11 and a 200 day moving average of $247.61. The company has a market cap of $12.60 billion, a P/E ratio of 24.00 and a beta of 1.34. Jones Lang LaSalle Incorporated has a 1 year low of $194.36 and a 1 year high of $288.50.

Jones Lang LaSalle (NYSE:JLL - Get Free Report) last announced its quarterly earnings results on Wednesday, May 7th. The financial services provider reported $2.31 EPS for the quarter, beating the consensus estimate of $2.02 by $0.29. Jones Lang LaSalle had a return on equity of 10.37% and a net margin of 2.23%. The business had revenue of $5.75 billion for the quarter, compared to analyst estimates of $5.65 billion. During the same quarter in the prior year, the company posted $1.78 EPS. The company's quarterly revenue was up 12.1% on a year-over-year basis. Sell-side analysts expect that Jones Lang LaSalle Incorporated will post 16.45 earnings per share for the current year.

Analyst Upgrades and Downgrades

Several equities analysts have issued reports on JLL shares. Citizens Jmp initiated coverage on Jones Lang LaSalle in a research note on Monday, July 21st. They issued a "market perform" rating on the stock. Wall Street Zen downgraded Jones Lang LaSalle from a "buy" rating to a "hold" rating in a report on Monday. JPMorgan Chase & Co. decreased their price target 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 boosted 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. Finally, Keefe, Bruyette & Woods boosted their price objective on Jones Lang LaSalle from $280.00 to $297.00 and gave the company an "outperform" rating in a research report on Thursday, July 24th. Four analysts have rated the stock with a hold rating, five have assigned a buy rating and one has issued a strong buy rating to the company. According to MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and a consensus price target of $312.43.

Insider Activity at Jones Lang LaSalle

In related 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 transaction of $65,441.75. Following the completion of the transaction, the chief executive officer directly 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 SEC, which is available through this link. 0.91% of the stock is currently owned by company insiders.

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.