Burney Co. Sells 5,815 Shares of Jones Lang LaSalle Incorporated $JLL

Burney Co. decreased its position in Jones Lang LaSalle Incorporated (NYSE:JLL) by 26.0% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 16,570 shares of the financial services provider’s stock after selling 5,815 shares during the quarter. Burney Co.’s holdings in Jones Lang LaSalle were worth $5,042,000 at the end of the most recent quarter.

Other institutional investors also recently modified their holdings of the company. DigitalBridge Group Inc. bought a new position in shares of Jones Lang LaSalle during the third quarter valued at approximately $1,223,000. Lighthouse Investment Partners LLC lifted its position in shares of Jones Lang LaSalle by 41.8% in the 3rd quarter. Lighthouse Investment Partners LLC now owns 30,316 shares of the financial services provider’s stock worth $9,043,000 after purchasing an additional 8,930 shares during the period. GRS Advisors LLC bought a new stake in shares of Jones Lang LaSalle during the 3rd quarter valued at about $18,659,000. Bamco Inc. NY raised its stake in Jones Lang LaSalle by 8.8% in the third quarter. Bamco Inc. NY now owns 564,097 shares of the financial services provider’s stock worth $168,259,000 after buying an additional 45,733 shares in the last quarter. Finally, Brevan Howard Capital Management LP lifted its holdings in Jones Lang LaSalle by 31.6% in the third quarter. Brevan Howard Capital Management LP now owns 14,343 shares of the financial services provider’s stock worth $4,278,000 after buying an additional 3,447 shares during the period. 94.80% of the stock is currently owned by hedge funds and other institutional investors.

Insider Activity

In other news, Director Larry Quinlan sold 403 shares of the stock in a transaction that occurred on 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 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 transaction was disclosed in a filing with the SEC, which is available through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Corporate insiders own 0.91% of the company’s stock.

Jones Lang LaSalle Stock Performance

Jones Lang LaSalle stock opened at $329.78 on Tuesday. Jones Lang LaSalle Incorporated has a twelve month low of $246.07 and a twelve month high of $363.06. The company has a quick ratio of 2.35, a current ratio of 2.35 and a debt-to-equity ratio of 0.15. The stock’s 50 day moving average is $305.93 and its 200 day moving average is $318.67. The company has a market capitalization of $15.30 billion, a P/E ratio of 17.73 and a beta of 1.27.

Jones Lang LaSalle (NYSE:JLL) last announced its quarterly earnings results on Thursday, April 30th. The financial services provider reported $3.43 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $3.01 by $0.42. Jones Lang LaSalle had a net margin of 3.35% and a return on equity of 13.01%. The company had revenue of $6.39 billion for the quarter, compared to analysts’ expectations of $6 billion. During the same quarter in the previous year, the business posted $2.31 EPS. Jones Lang LaSalle’s revenue was up 11.1% compared to the same quarter last year. On average, equities research analysts predict that Jones Lang LaSalle Incorporated will post 22.84 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

Several brokerages have recently issued reports on JLL. Barclays increased their target price on 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. Weiss Ratings cut Jones Lang LaSalle from a “buy (b)” rating to a “buy (b-)” rating in a research note on Thursday, May 28th. UBS Group increased their price objective on Jones Lang LaSalle from $425.00 to $445.00 and gave the stock a “buy” rating in a report on Wednesday, April 22nd. Finally, Zacks Research upgraded shares of Jones Lang LaSalle from a “hold” rating to a “strong-buy” rating in a report on Wednesday, June 24th. One equities research analyst has rated the stock with a Strong Buy rating, five have assigned a Buy rating and two have issued a Hold rating to the company. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average price target of $394.00.

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.