Meeder Asset Management Inc. cut its holdings in shares of Jones Lang LaSalle Incorporated (NYSE:JLL – Free Report) by 82.1% in the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 3,659 shares of the financial services provider’s stock after selling 16,763 shares during the period. Meeder Asset Management Inc.’s holdings in Jones Lang LaSalle were worth $1,114,000 at the end of the most recent reporting period.
A number of other institutional investors and hedge funds have also added to or reduced their stakes in the business. M&T Bank Corp raised its stake 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 valued at $1,300,201,000 after acquiring an additional 3,862,153 shares in the last quarter. AQR Capital Management LLC grew its stake in shares of Jones Lang LaSalle by 426.7% in the fourth quarter. AQR Capital Management LLC now owns 899,625 shares of the financial services provider’s stock worth $302,697,000 after purchasing an additional 728,824 shares in the last quarter. Norges Bank acquired a new position in shares of Jones Lang LaSalle during the fourth quarter valued at $194,950,000. Eurizon Capital SGR S.p.A. bought a new stake in shares of Jones Lang LaSalle during the fourth quarter valued at about $132,263,000. Finally, Millennium Management LLC lifted its holdings in Jones Lang LaSalle by 4,285.3% in the third quarter. Millennium Management LLC now owns 350,821 shares of the financial services provider’s stock worth $104,643,000 after purchasing an additional 342,821 shares during the period. 94.80% of the stock is owned by institutional investors.
Insider Buying and Selling
In related news, Director Larry Quinlan sold 402 shares of the stock in a transaction that occurred on Friday, June 12th. The shares were sold at an average price of $301.73, for a total transaction of $121,295.46. Following the completion of the sale, the director directly owned 4,369 shares of the company’s stock, valued at $1,318,258.37. This represents a 8.43% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. 0.91% of the stock is currently owned by corporate insiders.
Wall Street Analysts Forecast Growth
Get Our Latest Stock Analysis on Jones Lang LaSalle
Jones Lang LaSalle Price Performance
NYSE:JLL opened at $325.73 on Tuesday. 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 business’s 50-day moving average price is $305.10 and its 200 day moving average price is $317.65. Jones Lang LaSalle Incorporated has a 52-week low of $253.21 and a 52-week high of $363.06. The firm has a market cap of $15.11 billion, a P/E ratio of 17.51 and a beta of 1.27.
Jones Lang LaSalle (NYSE:JLL – Get Free Report) last issued its quarterly earnings results on Thursday, April 30th. The financial services provider reported $3.43 earnings per share for the quarter, beating analysts’ consensus estimates of $3.01 by $0.42. The company had revenue of $6.39 billion during the quarter, compared to the consensus estimate of $6 billion. Jones Lang LaSalle had a net margin of 3.35% and a return on equity of 13.01%. Jones Lang LaSalle’s revenue was up 11.1% on a year-over-year basis. During the same period in the prior year, the company earned $2.31 EPS. As a group, sell-side analysts predict that Jones Lang LaSalle Incorporated will post 22.83 earnings per share for the current fiscal year.
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.
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