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

SG Americas Securities LLC decreased its position in shares of Jones Lang LaSalle Incorporated (NYSE:JLL) by 21.6% during the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 9,159 shares of the financial services provider’s stock after selling 2,518 shares during the quarter. SG Americas Securities LLC’s holdings in Jones Lang LaSalle were worth $2,787,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds have also recently modified their holdings of the company. Greenleaf Trust boosted its holdings in Jones Lang LaSalle by 1.8% in the 4th quarter. Greenleaf Trust now owns 1,668 shares of the financial services provider’s stock valued at $561,000 after purchasing an additional 30 shares during the last quarter. Assetmark Inc. raised its position in shares of Jones Lang LaSalle by 15.8% during the 4th quarter. Assetmark Inc. now owns 220 shares of the financial services provider’s stock valued at $74,000 after buying an additional 30 shares during the period. IFP Advisors Inc lifted its holdings in Jones Lang LaSalle by 7.9% in the third quarter. IFP Advisors Inc now owns 544 shares of the financial services provider’s stock valued at $162,000 after acquiring an additional 40 shares during the last quarter. UMB Bank n.a. grew its position in Jones Lang LaSalle by 10.6% in the fourth quarter. UMB Bank n.a. now owns 490 shares of the financial services provider’s stock worth $165,000 after acquiring an additional 47 shares during the period. Finally, Ballentine Partners LLC grew its position in Jones Lang LaSalle by 5.3% in the fourth quarter. Ballentine Partners LLC now owns 951 shares of the financial services provider’s stock worth $320,000 after acquiring an additional 48 shares during the period. Hedge funds and other institutional investors own 94.80% of the company’s stock.

Insiders Place Their Bets

In other Jones Lang LaSalle news, Director Larry Quinlan sold 403 shares of the business’s stock in a transaction dated Friday, June 5th. The shares were sold at an average price of $295.14, for a total transaction of $118,941.42. Following the sale, the director directly owned 4,771 shares in the company, valued at $1,408,112.94. This represents a 7.79% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. 0.91% of the stock is currently owned by corporate insiders.

Analysts Set New Price Targets

JLL has been the topic of a number of research analyst reports. Weiss Ratings downgraded Jones Lang LaSalle from a “buy (b)” rating to a “buy (b-)” rating in a research report on Thursday, May 28th. Zacks Research raised Jones Lang LaSalle from a “hold” rating to a “strong-buy” rating in a research report on Wednesday, June 24th. Barclays boosted their price objective on shares of Jones Lang LaSalle from $348.00 to $366.00 and gave the company an “equal weight” rating in a report on Wednesday, May 13th. Finally, UBS Group upped their target price on shares of Jones Lang LaSalle from $425.00 to $445.00 and gave the company a “buy” rating in a research report on Wednesday, April 22nd. One investment analyst has rated the stock with a Strong Buy rating, five have given a Buy rating and two have issued a Hold rating to the stock. According to MarketBeat, Jones Lang LaSalle presently has a consensus rating of “Moderate Buy” and an average price target of $394.00.

Jones Lang LaSalle Stock Down 1.0%

NYSE:JLL opened at $310.04 on Wednesday. Jones Lang LaSalle Incorporated has a 52 week low of $246.07 and a 52 week high of $363.06. The stock’s fifty day moving average is $307.58 and its two-hundred day moving average is $318.88. The stock has a market capitalization of $14.38 billion, a price-to-earnings ratio of 16.67 and a beta of 1.29. The company has a quick ratio of 2.35, a current ratio of 2.35 and a debt-to-equity ratio of 0.15.

Jones Lang LaSalle (NYSE:JLL) last issued its quarterly earnings data on Thursday, April 30th. The financial services provider reported $3.43 earnings per share for the quarter, beating analysts’ consensus estimates of $3.01 by $0.42. The business had revenue of $6.39 billion during the quarter, compared to analysts’ expectations of $6 billion. Jones Lang LaSalle had a return on equity of 13.01% and a net margin of 3.35%.The company’s revenue was up 11.1% on a year-over-year basis. During the same period in the previous year, the firm posted $2.31 earnings per share. Research analysts anticipate that Jones Lang LaSalle Incorporated will post 22.84 EPS for the current year.

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.