Klingman & Associates LLC Sells 4,458 Shares of Jones Lang LaSalle Incorporated $JLL

Klingman & Associates LLC reduced its position in Jones Lang LaSalle Incorporated (NYSE:JLL) by 19.0% during the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 19,041 shares of the financial services provider’s stock after selling 4,458 shares during the period. Klingman & Associates LLC’s holdings in Jones Lang LaSalle were worth $5,795,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds also recently bought and sold shares of the company. Sunbelt Securities Inc. bought a new position in Jones Lang LaSalle in the third quarter valued at about $25,000. International Assets Investment Management LLC bought a new stake in shares of Jones Lang LaSalle during the 4th quarter valued at about $29,000. Activest Wealth Management increased its position in shares of Jones Lang LaSalle by 1,720.0% during the 4th quarter. Activest Wealth Management now owns 91 shares of the financial services provider’s stock valued at $31,000 after purchasing an additional 86 shares during the last quarter. Hilton Head Capital Partners LLC bought a new position in shares of Jones Lang LaSalle in the 4th quarter worth approximately $35,000. Finally, Bayforest Capital Ltd purchased a new position in shares of Jones Lang LaSalle in the fourth quarter worth approximately $55,000. Hedge funds and other institutional investors own 94.80% of the company’s stock.

Insider Buying and Selling

In other Jones Lang LaSalle news, Director Larry Quinlan sold 403 shares of the company’s stock in a transaction dated Friday, June 5th. The shares were sold at an average price of $295.14, for a total value of $118,941.42. Following the transaction, the director directly owned 4,771 shares in the company, valued at $1,408,112.94. This represents a 7.79% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. 0.91% of the stock is owned by corporate insiders.

Analyst Ratings Changes

JLL has been the subject of several recent research reports. Zacks Research upgraded shares of Jones Lang LaSalle from a “hold” rating to a “strong-buy” rating in a research report on Wednesday, June 24th. UBS Group lifted their price target on shares of Jones Lang LaSalle from $425.00 to $445.00 and gave the stock a “buy” rating in a research note on Wednesday, April 22nd. Weiss Ratings downgraded shares of Jones Lang LaSalle from a “buy (b)” rating to a “buy (b-)” rating in a research report on Thursday, May 28th. Finally, Barclays upped their price objective on Jones Lang LaSalle from $348.00 to $366.00 and gave the stock an “equal weight” rating in a research note on Wednesday, May 13th. One research analyst has rated the stock with a Strong Buy rating, five have given a Buy rating and one has issued a Hold rating to the company. According to MarketBeat, the company currently has an average rating of “Buy” and a consensus target price of $394.00.

Jones Lang LaSalle Stock Performance

NYSE JLL opened at $319.27 on Friday. The company has a market cap of $14.81 billion, a P/E ratio of 17.16 and a beta of 1.27. The business’s 50 day moving average price is $306.15 and its 200-day moving average price is $317.36. Jones Lang LaSalle Incorporated has a fifty-two week low of $258.19 and a fifty-two week high of $363.06. 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 (NYSE:JLL) last announced its quarterly earnings data on Thursday, April 30th. The financial services provider reported $3.43 earnings per share (EPS) for the quarter, topping the consensus estimate 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 firm earned $2.31 earnings per share. The firm’s quarterly revenue was up 11.1% compared to the same quarter last year. Sell-side analysts predict that Jones Lang LaSalle Incorporated will post 22.83 earnings per share for the current year.

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.