Jones Lang LaSalle Incorporated $JLL Shares Acquired by SG Americas Securities LLC

SG Americas Securities LLC raised its position in shares of Jones Lang LaSalle Incorporated (NYSE:JLL) by 457.4% during the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 11,677 shares of the financial services provider’s stock after buying an additional 9,582 shares during the quarter. SG Americas Securities LLC’s holdings in Jones Lang LaSalle were worth $3,929,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also made changes to their positions in the company. Sunbelt Securities Inc. bought a new position in Jones Lang LaSalle in the third quarter worth about $25,000. Caldwell Trust Co bought a new position in shares of Jones Lang LaSalle during the second quarter valued at approximately $38,000. Chilton Capital Management LLC raised its position in shares of Jones Lang LaSalle by 33.0% during the 3rd quarter. Chilton Capital Management LLC now owns 133 shares of the financial services provider’s stock worth $40,000 after purchasing an additional 33 shares during the period. Quent Capital LLC bought a new stake in shares of Jones Lang LaSalle in the 3rd quarter worth approximately $41,000. Finally, Root Financial Partners LLC acquired a new position in Jones Lang LaSalle during the 3rd quarter valued at approximately $44,000. 94.80% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling at Jones Lang LaSalle

In other Jones Lang LaSalle news, Director Deborah H. Mcaneny sold 2,500 shares of the business’s stock in a transaction dated Tuesday, March 10th. The stock was sold at an average price of $300.50, for a total transaction of $751,250.00. Following the sale, the director owned 14,985 shares in the company, valued at approximately $4,502,992.50. The trade was a 14.30% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CEO Richard Bloxam sold 5,440 shares of the firm’s stock in a transaction dated Tuesday, March 24th. The stock was sold at an average price of $296.94, for a total transaction of $1,615,353.60. Additional details regarding this sale are available in the official SEC disclosure. Corporate insiders own 0.91% of the company’s stock.

Jones Lang LaSalle Trading Down 0.0%

Shares of NYSE:JLL opened at $305.75 on Friday. The company has a debt-to-equity ratio of 0.10, a quick ratio of 2.23 and a current ratio of 2.23. The stock has a market capitalization of $14.32 billion, a price-to-earnings ratio of 18.63 and a beta of 1.41. Jones Lang LaSalle Incorporated has a 1-year low of $194.36 and a 1-year high of $363.06. The company has a 50 day moving average price of $314.09 and a 200 day moving average price of $317.50.

Jones Lang LaSalle (NYSE:JLL) last announced its quarterly earnings data on Wednesday, February 18th. The financial services provider reported $8.71 EPS for the quarter, beating analysts’ consensus estimates of $7.25 by $1.46. The company had revenue of $7.61 billion during the quarter, compared to the consensus estimate of $7.45 billion. Jones Lang LaSalle had a return on equity of 12.50% and a net margin of 3.03%.The company’s quarterly revenue was up 11.7% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $6.15 EPS. On average, research analysts anticipate that Jones Lang LaSalle Incorporated will post 16.45 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of research firms have issued reports on JLL. Wall Street Zen upgraded Jones Lang LaSalle from a “buy” rating to a “strong-buy” rating in a research note on Sunday, January 11th. Weiss Ratings upgraded shares of Jones Lang LaSalle from a “hold (c+)” rating to a “buy (b-)” rating in a research report on Friday, February 20th. Zacks Research upgraded shares of Jones Lang LaSalle from a “hold” rating to a “strong-buy” rating in a research report on Friday, February 20th. Barclays reduced their target price on shares of Jones Lang LaSalle from $360.00 to $355.00 and set an “equal weight” rating for the company in a research note on Friday, March 13th. Finally, Keefe, Bruyette & Woods cut their price target on Jones Lang LaSalle from $405.00 to $380.00 and set an “outperform” rating on the stock in a report on Tuesday, February 24th. One research analyst has rated the stock with a Strong Buy rating, five have assigned a Buy rating and three have assigned a Hold rating to the company’s stock. Based on data from MarketBeat, Jones Lang LaSalle presently has an average rating of “Moderate Buy” and an average target price of $363.17.

Jones Lang LaSalle Company 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.