Glenmede Trust Co. NA Has $7.81 Million Holdings in Jones Lang LaSalle Incorporated $JLL

Glenmede Trust Co. NA grew its holdings in Jones Lang LaSalle Incorporated (NYSE:JLL) by 449.7% in the first quarter, HoldingsChannel.com reports. The institutional investor owned 25,676 shares of the financial services provider’s stock after acquiring an additional 21,005 shares during the period. Glenmede Trust Co. NA’s holdings in Jones Lang LaSalle were worth $7,814,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds and other institutional investors also recently made changes to their positions in JLL. Greenleaf Trust raised its stake in Jones Lang LaSalle by 1.8% in the 4th quarter. Greenleaf Trust now owns 1,668 shares of the financial services provider’s stock valued at $561,000 after acquiring an additional 30 shares during the period. Assetmark Inc. boosted its position in Jones Lang LaSalle by 15.8% during the fourth quarter. Assetmark Inc. now owns 220 shares of the financial services provider’s stock worth $74,000 after purchasing an additional 30 shares during the period. Hilton Head Capital Partners LLC boosted its position in Jones Lang LaSalle by 40.4% during the first quarter. Hilton Head Capital Partners LLC now owns 146 shares of the financial services provider’s stock worth $44,000 after purchasing an additional 42 shares during the period. UMB Bank n.a. increased its holdings in shares of Jones Lang LaSalle by 10.6% in the fourth quarter. UMB Bank n.a. now owns 490 shares of the financial services provider’s stock valued at $165,000 after purchasing an additional 47 shares during the last quarter. Finally, Ballentine Partners LLC raised its position in shares of Jones Lang LaSalle by 5.3% in the fourth quarter. Ballentine Partners LLC now owns 951 shares of the financial services provider’s stock valued at $320,000 after purchasing an additional 48 shares during the period. 94.80% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

JLL has been the subject of several research analyst reports. Zacks Research downgraded shares of Jones Lang LaSalle from a “strong-buy” rating to a “hold” rating in a report on Thursday, July 23rd. Barclays increased their price target on shares of Jones Lang LaSalle from $366.00 to $368.00 and gave the company an “equal weight” rating in a report on Tuesday, July 28th. UBS Group raised their price objective on shares of Jones Lang LaSalle from $425.00 to $445.00 and gave the stock a “buy” rating in a research report on Wednesday, April 22nd. Weiss Ratings downgraded Jones Lang LaSalle from a “buy (b)” rating to a “buy (b-)” rating in a research report on Thursday, May 28th. Finally, Raymond James Financial reiterated a “strong-buy” rating and set a $500.00 target price on shares of Jones Lang LaSalle in a research note on Thursday. One analyst has rated the stock with a Strong Buy rating, five have given a Buy rating and two have issued a Hold rating to the stock. According to data from MarketBeat.com, Jones Lang LaSalle has a consensus rating of “Moderate Buy” and an average target price of $417.83.

Insider Activity

In related news, Director Larry Quinlan sold 402 shares of the business’s stock in a transaction that occurred on Friday, June 12th. The stock was sold at an average price of $301.73, for a total value of $121,295.46. Following the completion of the sale, the director directly owned 4,369 shares in the company, valued at approximately $1,318,258.37. The trade was a 8.43% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Company insiders own 0.91% of the company’s stock.

Jones Lang LaSalle Price Performance

NYSE:JLL opened at $366.01 on Tuesday. Jones Lang LaSalle Incorporated has a 52 week low of $259.83 and a 52 week high of $367.37. The company has a debt-to-equity ratio of 0.15, a quick ratio of 2.40 and a current ratio of 2.40. The firm’s 50-day simple moving average is $313.98 and its 200 day simple moving average is $317.23. The firm has a market cap of $16.98 billion, a price-to-earnings ratio of 17.54 and a beta of 1.24.

Jones Lang LaSalle (NYSE:JLL) last posted its quarterly earnings data on Thursday, July 30th. The financial services provider reported $5.26 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $4.56 by $0.70. Jones Lang LaSalle had a net margin of 3.64% and a return on equity of 13.99%. The firm had revenue of $6.93 billion during the quarter, compared to the consensus estimate of $6.88 billion. During the same quarter in the previous year, the firm posted $3.30 EPS. The business’s revenue for the quarter was up 10.8% compared to the same quarter last year. As a group, sell-side analysts predict that Jones Lang LaSalle Incorporated will post 22.86 earnings per share for the current 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.