Integrated Advisors Network LLC Lowers Holdings in Jones Lang LaSalle Incorporated $JLL

Integrated Advisors Network LLC lowered its position in Jones Lang LaSalle Incorporated (NYSE:JLLFree Report) by 64.2% during the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 1,026 shares of the financial services provider’s stock after selling 1,836 shares during the quarter. Integrated Advisors Network LLC’s holdings in Jones Lang LaSalle were worth $312,000 as of its most recent SEC filing.

Several other hedge funds have also made changes to their positions in the company. DigitalBridge Group Inc. bought a new stake in Jones Lang LaSalle during the 3rd quarter valued at $1,223,000. Lighthouse Investment Partners LLC raised 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 acquiring an additional 8,930 shares in the last quarter. GRS Advisors LLC purchased a new stake in shares of Jones Lang LaSalle during the 3rd quarter worth $18,659,000. Bamco Inc. NY lifted its stake in shares of 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 during the last quarter. Finally, Brevan Howard Capital Management LP boosted its position in Jones Lang LaSalle by 31.6% during the third quarter. Brevan Howard Capital Management LP now owns 14,343 shares of the financial services provider’s stock valued at $4,278,000 after purchasing an additional 3,447 shares in the last quarter. 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 Jones Lang LaSalle stock in a transaction 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 completion of the sale, the director directly owned 4,771 shares in the company, valued at approximately $1,408,112.94. The trade was a 7.79% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible 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 Up 0.0%

Jones Lang LaSalle stock traded up $0.04 during midday trading on Friday, reaching $324.23. The company’s stock had a trading volume of 189,185 shares, compared to its average volume of 372,202. The company has a debt-to-equity ratio of 0.15, a current ratio of 2.35 and a quick ratio of 2.35. The stock has a market capitalization of $15.04 billion, a P/E ratio of 17.43 and a beta of 1.27. The stock’s 50-day simple moving average is $304.84 and its 200-day simple moving average is $318.55. Jones Lang LaSalle Incorporated has a 52-week low of $246.07 and a 52-week high of $363.06.

Jones Lang LaSalle (NYSE:JLLGet Free Report) last posted its quarterly earnings data on Thursday, April 30th. The financial services provider reported $3.43 earnings per share (EPS) for the quarter, beating the consensus estimate of $3.01 by $0.42. The firm had revenue of $6.39 billion for 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%. The company’s revenue for the quarter was up 11.1% compared to the same quarter last year. During the same quarter in the prior year, the company posted $2.31 earnings per share. On average, sell-side analysts expect that Jones Lang LaSalle Incorporated will post 22.84 EPS for the current year.

Analyst Upgrades and Downgrades

A number of equities analysts have commented on JLL shares. Zacks Research upgraded shares of Jones Lang LaSalle from a “hold” rating to a “strong-buy” rating in a report on Wednesday, June 24th. Barclays lifted their price objective on shares of 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 shares of Jones Lang LaSalle from a “buy (b)” rating to a “buy (b-)” rating in a research report on Thursday, May 28th. Finally, UBS Group raised their target price on shares of Jones Lang LaSalle from $425.00 to $445.00 and gave the company a “buy” rating in a research note on Wednesday, April 22nd. One analyst has rated the stock with a Strong Buy rating, five have issued a Buy rating and two have given a Hold rating to the company. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average target price of $394.00.

View Our Latest Research Report on Jones Lang LaSalle

Jones Lang LaSalle Company Profile

(Free Report)

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.

Further Reading

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Institutional Ownership by Quarter for Jones Lang LaSalle (NYSE:JLL)

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