Jones Lang LaSalle Incorporated (NYSE:JLL) Shares Sold by Artemis Investment Management LLP

Artemis Investment Management LLP trimmed its position in Jones Lang LaSalle Incorporated (NYSE:JLL) by 31.2% during the first quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 271,053 shares of the financial services provider’s stock after selling 123,161 shares during the quarter. Artemis Investment Management LLP’s holdings in Jones Lang LaSalle were worth $67,197,000 at the end of the most recent reporting period.

Several other institutional investors have also modified their holdings of the company. EdgePoint Investment Group Inc. raised its position in shares of Jones Lang LaSalle by 5.7% during the 4th quarter. EdgePoint Investment Group Inc. now owns 1,639,526 shares of the financial services provider’s stock worth $415,030,000 after acquiring an additional 88,479 shares in the last quarter. Invesco Ltd. increased its stake in Jones Lang LaSalle by 0.9% in the fourth quarter. Invesco Ltd. now owns 944,623 shares of the financial services provider’s stock valued at $239,122,000 after purchasing an additional 8,274 shares during the last quarter. Geode Capital Management LLC raised its holdings in Jones Lang LaSalle by 4.6% during the fourth quarter. Geode Capital Management LLC now owns 934,958 shares of the financial services provider’s stock worth $240,190,000 after purchasing an additional 41,331 shares in the last quarter. Norges Bank purchased a new stake in shares of Jones Lang LaSalle during the 4th quarter worth approximately $149,468,000. Finally, Arrowstreet Capital Limited Partnership boosted its holdings in shares of Jones Lang LaSalle by 13.7% in the 4th quarter. Arrowstreet Capital Limited Partnership now owns 542,675 shares of the financial services provider’s stock valued at $137,373,000 after buying an additional 65,407 shares in the last quarter. 94.80% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

A number of brokerages recently weighed in on JLL. UBS Group reduced their price target on shares of Jones Lang LaSalle from $340.00 to $305.00 and set a “buy” rating for the company in a research report on Friday, April 11th. JPMorgan Chase & Co. reduced their target price on Jones Lang LaSalle from $327.00 to $285.00 and set an “overweight” rating for the company in a report on Thursday, April 10th. Wall Street Zen downgraded Jones Lang LaSalle from a “strong-buy” rating to a “buy” rating in a research note on Tuesday, May 13th. Citigroup reduced their price objective on Jones Lang LaSalle from $275.00 to $240.00 and set a “neutral” rating for the company in a research note on Wednesday, May 28th. Finally, Keefe, Bruyette & Woods lowered their target price on shares of Jones Lang LaSalle from $325.00 to $280.00 and set an “outperform” rating on the stock in a research report on Thursday, April 17th. One research analyst has rated the stock with a hold rating, six have issued a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat.com, the company has an average rating of “Buy” and an average target price of $305.00.

Jones Lang LaSalle Trading Up 3.9%

Shares of JLL stock opened at $254.09 on Friday. Jones Lang LaSalle Incorporated has a twelve month low of $194.36 and a twelve month high of $288.50. The company has a current ratio of 2.01, a quick ratio of 2.01 and a debt-to-equity ratio of 0.17. The business’s 50 day moving average is $229.85 and its two-hundred day moving average is $246.83. The company has a market capitalization of $12.06 billion, a P/E ratio of 22.97 and a beta of 1.31.

Jones Lang LaSalle (NYSE:JLL) last announced its quarterly earnings data on Wednesday, May 7th. The financial services provider reported $2.31 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.02 by $0.29. Jones Lang LaSalle had a net margin of 2.23% and a return on equity of 10.37%. The company had revenue of $5.75 billion for the quarter, compared to analysts’ expectations of $5.65 billion. During the same period in the previous year, the company posted $1.78 EPS. Jones Lang LaSalle’s revenue was up 12.1% compared to the same quarter last year. Equities analysts forecast that Jones Lang LaSalle Incorporated will post 16.45 EPS for the current year.

Insider Buying and Selling

In other news, CEO Andrew W. Poppink sold 275 shares of the stock in a transaction that occurred on Friday, June 20th. The stock was sold at an average price of $237.97, for a total transaction of $65,441.75. Following the completion of the transaction, the chief executive officer now directly owns 10,297 shares of the company’s stock, valued at approximately $2,450,377.09. This represents a 2.60% decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through this hyperlink. 0.91% of the stock is currently owned by corporate insiders.

Jones Lang LaSalle Company Profile

Jones Lang LaSalle Incorporated operates as a commercial real estate and investment management company. It engages in the buying, building, occupying, managing, and investing in a commercial, industrial, hotel, residential, and retail properties in Americas, Europe, the Middle East, Africa, and the Asia Pacific.