Ameritas Investment Partners Inc. Has $4.58 Million Position in Jones Lang LaSalle Incorporated $JLL

Ameritas Investment Partners Inc. reduced its holdings in Jones Lang LaSalle Incorporated (NYSE:JLL) by 15.3% during the 4th quarter, HoldingsChannel reports. The firm owned 13,624 shares of the financial services provider’s stock after selling 2,468 shares during the quarter. Ameritas Investment Partners Inc.’s holdings in Jones Lang LaSalle were worth $4,584,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors also recently made changes to their positions in the business. Sunbelt Securities Inc. bought a new stake in shares of Jones Lang LaSalle in the third quarter valued at about $25,000. International Assets Investment Management LLC bought a new stake in shares of Jones Lang LaSalle in the fourth quarter valued at about $29,000. Activest Wealth Management lifted its stake in shares of Jones Lang LaSalle by 1,720.0% in the fourth quarter. Activest Wealth Management now owns 91 shares of the financial services provider’s stock valued at $31,000 after buying an additional 86 shares during the period. Hilton Head Capital Partners LLC bought a new stake in shares of Jones Lang LaSalle in the fourth quarter valued at about $35,000. Finally, True Wealth Design LLC lifted its stake in shares of Jones Lang LaSalle by 13,200.0% in the fourth quarter. True Wealth Design LLC now owns 133 shares of the financial services provider’s stock valued at $45,000 after buying an additional 132 shares during the period. 94.80% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of brokerages have commented on JLL. Zacks Research cut shares of Jones Lang LaSalle from a “strong-buy” rating to a “hold” rating in a research note on Friday, April 24th. Barclays raised 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 note on Wednesday, May 13th. Keefe, Bruyette & Woods cut their price target on shares of Jones Lang LaSalle from $405.00 to $380.00 and set an “outperform” rating for the company in a research note on Tuesday, February 24th. Weiss Ratings cut shares of Jones Lang LaSalle from a “buy (b)” rating to a “buy (b-)” rating in a research note on Thursday, May 28th. Finally, UBS Group raised their price target 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. Five research analysts have rated the stock with a Buy rating and three have given a Hold rating to the company. According to MarketBeat, Jones Lang LaSalle currently has an average rating of “Moderate Buy” and an average target price of $394.00.

Insider Activity at Jones Lang LaSalle

In related news, Director Larry Quinlan sold 403 shares of the firm’s stock in a transaction that occurred on Friday, June 5th. The shares were sold at an average price of $295.14, for a total value of $118,941.42. Following the completion of the sale, the director owned 4,771 shares of the company’s stock, valued at $1,408,112.94. This trade represents a 7.79% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CEO Richard Bloxam sold 5,440 shares of the firm’s stock in a transaction that occurred on Tuesday, March 24th. The shares were 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. Company insiders own 0.91% of the company’s stock.

Jones Lang LaSalle Stock Performance

NYSE JLL opened at $298.30 on Thursday. The firm has a market cap of $13.84 billion, a price-to-earnings ratio of 16.04 and a beta of 1.29. The company has a 50 day moving average of $312.24 and a 200-day moving average of $321.22. 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 Incorporated has a 1-year low of $233.14 and a 1-year high of $363.06.

Jones Lang LaSalle (NYSE:JLL) last posted its quarterly earnings data 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 company had revenue of $6.39 billion during the quarter, compared to analyst estimates of $6 billion. Jones Lang LaSalle had a net margin of 3.35% and a return on equity of 13.01%. The company’s revenue was up 11.1% on a year-over-year basis. During the same quarter last year, the business posted $2.31 earnings per share. On average, equities analysts forecast that Jones Lang LaSalle Incorporated will post 22.8 earnings per share for the current fiscal year.

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.