Jones Lang LaSalle Incorporated $JLL Shares Sold by SG Americas Securities LLC

SG Americas Securities LLC lowered its stake in shares of Jones Lang LaSalle Incorporated (NYSE:JLL) by 21.6% during the first quarter, Holdings Channel reports. The fund owned 9,159 shares of the financial services provider’s stock after selling 2,518 shares during the period. SG Americas Securities LLC’s holdings in Jones Lang LaSalle were worth $2,787,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of JLL. M&T Bank Corp increased its holdings 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 during the period. AQR Capital Management LLC boosted its stake in shares of Jones Lang LaSalle by 426.7% in the 4th quarter. AQR Capital Management LLC now owns 899,625 shares of the financial services provider’s stock valued at $302,697,000 after buying an additional 728,824 shares during the period. Norges Bank acquired a new position in shares of Jones Lang LaSalle during the fourth quarter worth about $194,950,000. Eurizon Capital SGR S.p.A. acquired a new position in shares of Jones Lang LaSalle during the fourth quarter worth about $132,263,000. Finally, Millennium Management LLC increased its stake in shares of Jones Lang LaSalle by 4,285.3% during the third quarter. Millennium Management LLC now owns 350,821 shares of the financial services provider’s stock worth $104,643,000 after buying an additional 342,821 shares during the period. 94.80% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

A number of research analysts recently issued reports on JLL shares. 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. Zacks Research raised shares of Jones Lang LaSalle from a “hold” rating to a “strong-buy” rating in a research report on Wednesday, June 24th. Finally, Barclays increased their target price on Jones Lang LaSalle from $348.00 to $366.00 and gave the company an “equal weight” rating in a report on Wednesday, May 13th. One research 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 company. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average target price of $394.00.

Insider Activity

In other news, Director Larry Quinlan sold 403 shares of Jones Lang LaSalle stock in a transaction dated Friday, June 5th. The stock was sold at an average price of $295.14, for a total transaction of $118,941.42. Following the sale, the director 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 document filed with the Securities & Exchange Commission, which is accessible through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders own 0.91% of the company’s stock.

Jones Lang LaSalle Stock Down 1.0%

Shares of NYSE:JLL opened at $310.04 on Wednesday. The firm has a 50 day simple moving average of $307.58 and a 200-day simple moving average of $318.88. Jones Lang LaSalle Incorporated has a twelve month low of $246.07 and a twelve month high of $363.06. The company has a current ratio of 2.35, a quick ratio of 2.35 and a debt-to-equity ratio of 0.15. The company has a market capitalization of $14.38 billion, a PE ratio of 16.67 and a beta of 1.29.

Jones Lang LaSalle (NYSE:JLL) last announced its quarterly earnings results on Thursday, April 30th. The financial services provider reported $3.43 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 firm had revenue of $6.39 billion for the quarter, compared to analyst estimates of $6 billion. During the same period last year, the business earned $2.31 EPS. Jones Lang LaSalle’s revenue for the quarter was up 11.1% compared to the same quarter last year. On average, equities analysts predict that Jones Lang LaSalle Incorporated will post 22.84 EPS for the current fiscal 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.