William Blair Investment Management LLC lessened its holdings in shares of Jones Lang LaSalle Incorporated (NYSE:JLL – Free Report) by 6.5% in the fourth quarter, Holdings Channel reports. The firm owned 133,953 shares of the financial services provider’s stock after selling 9,321 shares during the period. William Blair Investment Management LLC’s holdings in Jones Lang LaSalle were worth $45,071,000 at the end of the most recent quarter.
A number of other institutional investors and hedge funds have also recently bought and sold shares of the business. M&T Bank Corp increased its position in Jones Lang LaSalle by 184,969.0% during the 4th quarter. M&T Bank Corp now owns 3,864,241 shares of the financial services provider’s stock worth $1,300,201,000 after purchasing an additional 3,862,153 shares in the last quarter. Swedbank AB increased its position in Jones Lang LaSalle by 0.5% during the 4th quarter. Swedbank AB now owns 993,742 shares of the financial services provider’s stock worth $334,364,000 after purchasing an additional 4,543 shares in the last quarter. Alliancebernstein L.P. increased its position in Jones Lang LaSalle by 5.2% during the 3rd quarter. Alliancebernstein L.P. now owns 598,980 shares of the financial services provider’s stock worth $178,664,000 after purchasing an additional 29,560 shares in the last quarter. Bamco Inc. NY increased its position in Jones Lang LaSalle by 8.8% during the 3rd quarter. Bamco Inc. NY now owns 564,097 shares of the financial services provider’s stock worth $168,259,000 after purchasing an additional 45,733 shares in the last quarter. Finally, Artemis Investment Management LLP increased its position in Jones Lang LaSalle by 8.5% during the 4th quarter. Artemis Investment Management LLP now owns 402,173 shares of the financial services provider’s stock worth $135,319,000 after purchasing an additional 31,569 shares in the last quarter. Institutional investors and hedge funds own 94.80% of the company’s stock.
Insider Buying and Selling
In other news, 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. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Deborah H. Mcaneny sold 2,500 shares of the firm’s stock in a transaction that occurred on Tuesday, March 10th. The stock was sold at an average price of $300.50, for a total transaction of $751,250.00. Following the sale, the director directly owned 14,985 shares of the company’s stock, valued at $4,502,992.50. The trade was a 14.30% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. 0.91% of the stock is currently owned by company insiders.
Jones Lang LaSalle Stock Up 0.2%
Jones Lang LaSalle (NYSE:JLL – Get Free Report) last released its quarterly earnings results on Thursday, April 30th. The financial services provider reported $3.43 earnings per share 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 business had revenue of $6.39 billion during the quarter, compared to the consensus estimate of $6 billion. During the same quarter last year, the company earned $2.31 earnings per share. The business’s quarterly revenue was up 11.1% compared to the same quarter last year. As a group, sell-side analysts predict that Jones Lang LaSalle Incorporated will post 22.61 EPS for the current fiscal year.
Analyst Upgrades and Downgrades
JLL has been the subject of a number of analyst reports. Keefe, Bruyette & Woods decreased their price target on Jones Lang LaSalle from $405.00 to $380.00 and set an “outperform” rating for the company in a report on Tuesday, February 24th. Weiss Ratings upgraded Jones Lang LaSalle from a “buy (b-)” rating to a “buy (b)” rating in a report on Wednesday, May 13th. UBS Group upped their price target on Jones Lang LaSalle from $425.00 to $445.00 and gave the stock a “buy” rating in a report on Wednesday, April 22nd. Barclays upped their price target 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. Finally, Zacks Research cut Jones Lang LaSalle from a “strong-buy” rating to a “hold” rating in a report on Friday, April 24th. Five research analysts have rated the stock with a Buy rating and four have issued a Hold rating to the company. Based on data from MarketBeat, Jones Lang LaSalle currently has an average rating of “Moderate Buy” and a consensus target price of $368.33.
Check Out Our Latest Report on Jones Lang LaSalle
Jones Lang LaSalle 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.
Featured Stories
- Five stocks we like better than Jones Lang LaSalle
- The Smart Glasses Gold Rush Is Leaving Old-School Eyewear Behind
- 3 Rare Earth Stocks That Win No Matter What China Does Next
- Amylyx Stock: Why the Full Pipeline Story Matters
- Palantir and Dell Build an AI OS for the Paranoid
Want to see what other hedge funds are holding JLL? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Jones Lang LaSalle Incorporated (NYSE:JLL – Free Report).
Receive News & Ratings for Jones Lang LaSalle Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Jones Lang LaSalle and related companies with MarketBeat.com's FREE daily email newsletter.
