Vanguard Group Inc. Reduces Stock Position in Jones Lang LaSalle Incorporated $JLL

Vanguard Group Inc. reduced its position in Jones Lang LaSalle Incorporated (NYSE:JLL) by 0.9% during the fourth quarter, HoldingsChannel.com reports. The institutional investor owned 6,792,722 shares of the financial services provider’s stock after selling 62,468 shares during the period. Vanguard Group Inc. owned 0.14% of Jones Lang LaSalle worth $2,285,547,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors and hedge funds have also bought and sold shares of the company. M&T Bank Corp increased its position in shares of Jones Lang LaSalle by 184,969.0% during the 4th quarter. M&T Bank Corp now owns 3,864,241 shares of the financial services provider’s stock valued at $1,300,201,000 after purchasing an additional 3,862,153 shares during the last quarter. Alliancebernstein L.P. grew its position in Jones Lang LaSalle by 5.2% during the third quarter. Alliancebernstein L.P. now owns 598,980 shares of the financial services provider’s stock valued at $178,664,000 after buying an additional 29,560 shares during the period. Bamco Inc. NY increased its holdings in Jones Lang LaSalle by 8.8% during the third quarter. Bamco Inc. NY now owns 564,097 shares of the financial services provider’s stock valued at $168,259,000 after buying an additional 45,733 shares during the last quarter. Millennium Management LLC raised its position in Jones Lang LaSalle by 4,285.3% in the third quarter. Millennium Management LLC now owns 350,821 shares of the financial services provider’s stock worth $104,643,000 after acquiring an additional 342,821 shares during the period. Finally, Wellington Management Group LLP raised its position in Jones Lang LaSalle by 310.0% in the third quarter. Wellington Management Group LLP now owns 290,148 shares of the financial services provider’s stock worth $86,545,000 after acquiring an additional 219,373 shares during the period. 94.80% of the stock is owned by hedge funds and other institutional investors.

Insider Activity at Jones Lang LaSalle

In related news, Director Deborah H. Mcaneny sold 2,500 shares of the stock in a transaction on 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. This represents a 14.30% decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, CEO Richard Bloxam sold 5,440 shares of the firm’s stock in a transaction on Tuesday, March 24th. The stock was sold at an average price of $296.94, for a total value of $1,615,353.60. Additional details regarding this sale are available in the official SEC disclosure. 0.91% of the stock is owned by company insiders.

Jones Lang LaSalle Trading Down 0.8%

Shares of JLL opened at $338.87 on Thursday. Jones Lang LaSalle Incorporated has a fifty-two week low of $211.86 and a fifty-two week high of $363.06. 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 company’s fifty day moving average is $314.14 and its 200 day moving average is $321.58. The stock has a market capitalization of $15.72 billion, a PE ratio of 20.65 and a beta of 1.41.

Jones Lang LaSalle (NYSE:JLL) last posted its earnings results on Wednesday, February 18th. The financial services provider reported $8.71 earnings per share for the quarter, topping analysts’ consensus estimates of $7.25 by $1.46. The firm had revenue of $7.61 billion for the quarter, compared to the consensus estimate of $7.45 billion. Jones Lang LaSalle had a net margin of 3.03% and a return on equity of 12.50%. The business’s quarterly revenue was up 11.7% on a year-over-year basis. During the same period in the previous year, the firm posted $6.15 EPS. Sell-side analysts expect that Jones Lang LaSalle Incorporated will post 21.75 earnings per share for the current fiscal year.

Analyst Ratings Changes

A number of equities research analysts have recently issued reports on JLL shares. Weiss Ratings raised shares of Jones Lang LaSalle from a “hold (c+)” rating to a “buy (b-)” rating in a research report on Friday, February 20th. Barclays reduced their price target on Jones Lang LaSalle from $355.00 to $348.00 and set an “equal weight” rating for the company in a research report on Tuesday, April 14th. 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. Keefe, Bruyette & Woods lowered their price target on shares of Jones Lang LaSalle from $405.00 to $380.00 and set an “outperform” rating on the stock in a report on Tuesday, February 24th. Finally, Zacks Research downgraded shares of Jones Lang LaSalle from a “strong-buy” rating to a “hold” rating in a research report on Friday, April 24th. Five investment analysts have rated the stock with a Buy rating and four have given a Hold rating to the company’s stock. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus target price of $365.33.

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.