ABN Amro Investment Solutions Has $2.35 Million Stock Position in Jones Lang LaSalle Incorporated $JLL

ABN Amro Investment Solutions cut its position in Jones Lang LaSalle Incorporated (NYSE:JLL) by 35.2% in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 7,725 shares of the financial services provider’s stock after selling 4,200 shares during the period. ABN Amro Investment Solutions’ holdings in Jones Lang LaSalle were worth $2,351,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. PNC Financial Services Group Inc. grew its position in Jones Lang LaSalle by 4.7% in the 1st quarter. PNC Financial Services Group Inc. now owns 3,256 shares of the financial services provider’s stock valued at $991,000 after purchasing an additional 147 shares during the period. Convergence Investment Partners LLC acquired a new position in Jones Lang LaSalle during the first quarter worth $1,094,000. Meeder Advisory Services Inc. lifted its stake in shares of Jones Lang LaSalle by 41.3% in the first quarter. Meeder Advisory Services Inc. now owns 903 shares of the financial services provider’s stock valued at $275,000 after buying an additional 264 shares in the last quarter. AlphaCentric Advisors LLC acquired a new position in shares of Jones Lang LaSalle during the first quarter valued at about $87,000. Finally, KBC Group NV grew its holdings in shares of Jones Lang LaSalle by 7.0% during the first quarter. KBC Group NV now owns 36,621 shares of the financial services provider’s stock valued at $11,145,000 after buying an additional 2,405 shares during the last quarter. 94.80% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

JLL has been the topic of a number of analyst reports. Weiss Ratings lowered shares of Jones Lang LaSalle from a “buy (b)” rating to a “buy (b-)” rating in a report on Thursday, May 28th. Barclays boosted their price objective on Jones Lang LaSalle from $348.00 to $366.00 and gave the stock an “equal weight” rating in a report on Wednesday, May 13th. 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 research note on Wednesday, April 22nd. Finally, Zacks Research upgraded Jones Lang LaSalle from a “hold” rating to a “strong-buy” rating in a report on Wednesday, June 24th. One research analyst has rated the stock with a Strong Buy rating, five have given a Buy rating and one has given a Hold rating to the company’s stock. According to data from MarketBeat, the stock currently has an average rating of “Buy” and an average price target of $394.00.

Jones Lang LaSalle Price Performance

Shares of NYSE:JLL opened at $319.27 on Friday. The company has a market capitalization of $14.81 billion, a P/E ratio of 17.16 and a beta of 1.27. The company’s 50-day moving average is $306.15 and its 200 day moving average is $317.36. The company has a debt-to-equity ratio of 0.15, a quick ratio of 2.35 and a current ratio of 2.35. Jones Lang LaSalle Incorporated has a fifty-two week low of $258.19 and a fifty-two week high of $363.06.

Jones Lang LaSalle (NYSE:JLL) last announced its quarterly earnings data on Thursday, April 30th. The financial services provider reported $3.43 EPS 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 net margin of 3.35% and a return on equity of 13.01%. The company’s revenue for the quarter was up 11.1% on a year-over-year basis. During the same quarter in the previous year, the firm posted $2.31 earnings per share. On average, equities research analysts forecast that Jones Lang LaSalle Incorporated will post 22.83 earnings per share for the current year.

Insider Activity

In related news, Director Larry Quinlan sold 402 shares of Jones Lang LaSalle stock in a transaction that occurred on Friday, June 12th. The shares were sold at an average price of $301.73, for a total value of $121,295.46. Following the sale, the director owned 4,369 shares of the company’s stock, valued at approximately $1,318,258.37. The trade was a 8.43% decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. 0.91% of the stock is currently owned by insiders.

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.