Principal Financial Group Inc. Sells 29,017 Shares of Jones Lang LaSalle Incorporated $JLL

Principal Financial Group Inc. trimmed its stake in shares of Jones Lang LaSalle Incorporated (NYSE:JLL) by 17.7% during the third quarter, HoldingsChannel reports. The fund owned 134,563 shares of the financial services provider’s stock after selling 29,017 shares during the period. Principal Financial Group Inc.’s holdings in Jones Lang LaSalle were worth $40,137,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in the stock. Thrivent Financial for Lutherans raised its stake in shares of Jones Lang LaSalle by 19.9% in the 3rd quarter. Thrivent Financial for Lutherans now owns 16,196 shares of the financial services provider’s stock valued at $4,831,000 after purchasing an additional 2,687 shares during the period. AlphaQuest LLC lifted its stake in Jones Lang LaSalle by 168.7% in the 3rd quarter. AlphaQuest LLC now owns 12,528 shares of the financial services provider’s stock valued at $3,737,000 after acquiring an additional 7,866 shares in the last quarter. Arizona State Retirement System boosted its position in Jones Lang LaSalle by 1.3% during the 3rd quarter. Arizona State Retirement System now owns 14,048 shares of the financial services provider’s stock worth $4,190,000 after acquiring an additional 181 shares during the last quarter. Annis Gardner Whiting Capital Advisors LLC grew its stake in shares of Jones Lang LaSalle by 23.4% during the 3rd quarter. Annis Gardner Whiting Capital Advisors LLC now owns 1,412 shares of the financial services provider’s stock worth $421,000 after acquiring an additional 268 shares in the last quarter. Finally, AustralianSuper Pty Ltd bought a new stake in shares of Jones Lang LaSalle in the third quarter worth $32,184,000. 94.80% of the stock is owned by institutional investors and hedge funds.

Insider Transactions at Jones Lang LaSalle

In related news, CEO Christian Ulbrich sold 96 shares of Jones Lang LaSalle stock in a transaction that occurred on Thursday, December 11th. The stock was sold at an average price of $332.18, for a total transaction of $31,889.28. Following the completion of the sale, the chief executive officer directly owned 114,685 shares of the company’s stock, valued at approximately $38,096,063.30. This trade represents a 0.08% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Insiders have sold 20,000 shares of company stock worth $6,609,091 in the last three months. Company insiders own 0.91% of the company’s stock.

Analysts Set New Price Targets

JLL has been the topic of several recent research reports. UBS Group boosted their price target on shares of Jones Lang LaSalle from $360.00 to $410.00 and gave the stock a “buy” rating in a research report on Wednesday, January 28th. Keefe, Bruyette & Woods lifted their target price on Jones Lang LaSalle from $390.00 to $405.00 and gave the company an “outperform” rating in a research report on Thursday, January 8th. Weiss Ratings reissued a “hold (c+)” rating on shares of Jones Lang LaSalle in a research report on Thursday, January 22nd. The Goldman Sachs Group upped their price objective on Jones Lang LaSalle from $361.00 to $407.00 and gave the stock a “buy” rating in a research note on Wednesday, November 26th. Finally, Barclays assumed coverage on shares of Jones Lang LaSalle in a report on Tuesday, December 2nd. They set an “equal weight” rating and a $351.00 target price on the stock. Four equities research analysts have rated the stock with a Buy rating and five have given a Hold rating to the stock. According to data from MarketBeat, the company currently has a consensus rating of “Hold” and a consensus target price of $364.17.

Jones Lang LaSalle Stock Up 0.1%

JLL stock opened at $334.44 on Friday. The business’s 50 day simple moving average is $341.61 and its 200 day simple moving average is $312.94. Jones Lang LaSalle Incorporated has a 1-year low of $194.36 and a 1-year high of $363.06. The firm has a market capitalization of $15.78 billion, a PE ratio of 25.65 and a beta of 1.42. The company has a current ratio of 2.31, a quick ratio of 2.31 and a debt-to-equity ratio of 0.13.

Jones Lang LaSalle (NYSE:JLL) last released its quarterly earnings data on Wednesday, November 5th. The financial services provider reported $4.50 EPS for the quarter, beating the consensus estimate of $4.24 by $0.26. The firm had revenue of $6.51 billion for the quarter, compared to the consensus estimate of $6.49 billion. Jones Lang LaSalle had a net margin of 2.49% and a return on equity of 11.10%. The company’s quarterly revenue was up 10.9% on a year-over-year basis. During the same period in the previous year, the company earned $3.50 earnings per share. As a group, research analysts anticipate that Jones Lang LaSalle Incorporated will post 16.45 EPS 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.