Jones Lang LaSalle Incorporated $JLL Shares Sold by Bessemer Group Inc.

Bessemer Group Inc. trimmed its stake in shares of Jones Lang LaSalle Incorporated (NYSE:JLL) by 66.7% during the 1st quarter, HoldingsChannel.com reports. The firm owned 1,722 shares of the financial services provider’s stock after selling 3,450 shares during the quarter. Bessemer Group Inc.’s holdings in Jones Lang LaSalle were worth $525,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also modified their holdings of JLL. M&T Bank Corp lifted its stake in Jones Lang LaSalle by 184,969.0% in 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 buying an additional 3,862,153 shares in the last quarter. AQR Capital Management LLC raised its holdings in shares of Jones Lang LaSalle by 426.7% during the fourth quarter. AQR Capital Management LLC now owns 899,625 shares of the financial services provider’s stock valued at $302,697,000 after acquiring an additional 728,824 shares during the last quarter. Norges Bank acquired a new position in shares of Jones Lang LaSalle during the fourth quarter valued at approximately $194,950,000. Eurizon Capital SGR S.p.A. purchased a new position in shares of Jones Lang LaSalle in the fourth quarter valued at approximately $132,263,000. Finally, Millennium Management LLC boosted its stake in shares of 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 last quarter. Hedge funds and other institutional investors own 94.80% of the company’s stock.

Jones Lang LaSalle Price Performance

Jones Lang LaSalle stock opened at $325.19 on Friday. The company has a fifty day simple moving average of $306.87 and a 200-day simple moving average of $317.42. The stock has a market cap of $15.09 billion, a P/E ratio of 17.48 and a beta of 1.27. Jones Lang LaSalle Incorporated has a 12-month low of $258.19 and a 12-month high of $363.06. The company has a current ratio of 2.35, a quick ratio of 2.35 and a debt-to-equity ratio of 0.15.

Jones Lang LaSalle (NYSE:JLL) last issued its earnings results on Thursday, April 30th. The financial services provider reported $3.43 earnings per share for the quarter, topping the consensus estimate of $3.01 by $0.42. The business had revenue of $6.39 billion for the quarter, compared to analyst estimates of $6 billion. Jones Lang LaSalle had a return on equity of 13.01% and a net margin of 3.35%.The business’s quarterly revenue was up 11.1% on a year-over-year basis. During the same quarter last year, the company earned $2.31 EPS. Equities analysts expect that Jones Lang LaSalle Incorporated will post 22.85 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

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

Insider Activity at Jones Lang LaSalle

In other news, Director Larry Quinlan sold 402 shares of Jones Lang LaSalle stock in a transaction dated Friday, June 12th. The stock was sold at an average price of $301.73, for a total transaction of $121,295.46. Following the sale, the director owned 4,369 shares in the company, valued at approximately $1,318,258.37. The trade was a 8.43% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Company insiders own 0.91% of the company’s stock.

About Jones Lang LaSalle

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.