SG Americas Securities LLC Trims Stock Position in Jones Lang LaSalle Incorporated $JLL

SG Americas Securities LLC decreased its stake in Jones Lang LaSalle Incorporated (NYSE:JLL) by 62.9% during the third quarter, Holdings Channel reports. The institutional investor owned 2,095 shares of the financial services provider’s stock after selling 3,552 shares during the quarter. SG Americas Securities LLC’s holdings in Jones Lang LaSalle were worth $625,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors also recently bought and sold shares of the stock. Integrated Wealth Concepts LLC purchased a new stake in Jones Lang LaSalle in the 1st quarter worth approximately $546,000. Empowered Funds LLC lifted its stake in shares of Jones Lang LaSalle by 203.1% in the 1st quarter. Empowered Funds LLC now owns 4,046 shares of the financial services provider’s stock valued at $1,003,000 after purchasing an additional 2,711 shares during the period. GAMMA Investing LLC boosted its holdings in Jones Lang LaSalle by 6.0% during the second quarter. GAMMA Investing LLC now owns 908 shares of the financial services provider’s stock worth $232,000 after buying an additional 51 shares in the last quarter. Fifth Third Bancorp grew its position in Jones Lang LaSalle by 18.0% during the second quarter. Fifth Third Bancorp now owns 2,475 shares of the financial services provider’s stock valued at $633,000 after buying an additional 377 shares during the period. Finally, Public Employees Retirement System of Ohio increased its holdings in Jones Lang LaSalle by 5.7% in the second quarter. Public Employees Retirement System of Ohio now owns 44,707 shares of the financial services provider’s stock valued at $11,435,000 after buying an additional 2,397 shares in the last quarter. 94.80% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

JLL has been the subject of several recent analyst reports. Weiss Ratings restated a “hold (c+)” rating on shares of Jones Lang LaSalle in a research note on Wednesday, October 8th. The Goldman Sachs Group boosted their price objective on Jones Lang LaSalle from $361.00 to $407.00 and gave the company a “buy” rating in a research report on Wednesday, November 26th. Barclays began coverage on Jones Lang LaSalle in a research report on Tuesday, December 2nd. They set an “equal weight” rating and a $351.00 target price on the stock. Wall Street Zen raised shares of Jones Lang LaSalle from a “buy” rating to a “strong-buy” rating in a report on Sunday, January 11th. Finally, UBS Group upped their price objective on shares of Jones Lang LaSalle from $340.00 to $360.00 and gave the stock a “buy” rating in a research report on Friday, October 10th. One equities research analyst has rated the stock with a Strong Buy rating, four have assigned a Buy rating and five have issued a Hold rating to the stock. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average price target of $350.71.

Jones Lang LaSalle Stock Up 0.4%

NYSE JLL opened at $356.02 on Friday. The business has a fifty day moving average price of $334.21 and a 200 day moving average price of $306.39. The company has a debt-to-equity ratio of 0.13, a quick ratio of 2.31 and a current ratio of 2.31. The company has a market cap of $16.80 billion, a P/E ratio of 27.30 and a beta of 1.42. Jones Lang LaSalle Incorporated has a one year low of $194.36 and a one year high of $360.46.

Jones Lang LaSalle (NYSE:JLL) last released its earnings results on Wednesday, November 5th. The financial services provider reported $4.50 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $4.24 by $0.26. The business had revenue of $6.51 billion during the quarter, compared to analyst estimates of $6.49 billion. Jones Lang LaSalle had a net margin of 2.49% and a return on equity of 11.10%. The company’s revenue for the quarter was up 10.9% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $3.50 earnings per share. Research analysts anticipate that Jones Lang LaSalle Incorporated will post 16.45 EPS for the current fiscal year.

Insider Buying and Selling

In other Jones Lang LaSalle news, CEO Christian Ulbrich sold 96 shares of the firm’s stock in a transaction that occurred on Thursday, December 11th. The shares were sold at an average price of $332.18, for a total value of $31,889.28. Following the transaction, the chief executive officer directly owned 114,685 shares of the company’s stock, valued at $38,096,063.30. This trade represents a 0.08% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. In the last three months, insiders have sold 20,000 shares of company stock valued at $6,609,091. 0.91% of the stock is currently owned by corporate insiders.

Jones Lang LaSalle Profile

Jones Lang LaSalle Incorporated (NYSE: JLL) is a leading professional services firm specializing in real estate and investment management. The company provides a broad range of services including leasing, advisory, property and asset management, capital markets, project and development services, and valuation. Through its integrated platform, JLL serves corporate occupiers, institutional investors, real estate owners and developers, offering tailored solutions that span the entire real estate lifecycle.

Founded in 1783 in London as Jones Lang Wootton, the firm established a reputation for expertise in property management and brokerage.