Panagora Asset Management Inc. Has $27.36 Million Stock Holdings in Jones Lang LaSalle Incorporated $JLL

Panagora Asset Management Inc. raised its stake in shares of Jones Lang LaSalle Incorporated (NYSE:JLL) by 775.8% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 81,312 shares of the financial services provider’s stock after purchasing an additional 72,028 shares during the quarter. Panagora Asset Management Inc.’s holdings in Jones Lang LaSalle were worth $27,359,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds have also modified their holdings of the company. Sunbelt Securities Inc. bought a new position in shares of Jones Lang LaSalle during the 3rd quarter worth approximately $25,000. International Assets Investment Management LLC bought a new stake in Jones Lang LaSalle in the fourth quarter valued at $29,000. Activest Wealth Management raised its stake in Jones Lang LaSalle by 1,720.0% during the fourth quarter. Activest Wealth Management now owns 91 shares of the financial services provider’s stock worth $31,000 after acquiring an additional 86 shares in the last quarter. Hilton Head Capital Partners LLC bought a new position in shares of Jones Lang LaSalle during the fourth quarter valued at $35,000. Finally, True Wealth Design LLC boosted its stake in shares of Jones Lang LaSalle by 13,200.0% in the 4th quarter. True Wealth Design LLC now owns 133 shares of the financial services provider’s stock valued at $45,000 after purchasing an additional 132 shares in the last quarter. 94.80% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of equities research analysts recently issued reports on JLL shares. Keefe, Bruyette & Woods dropped their target price on shares of Jones Lang LaSalle from $405.00 to $380.00 and set an “outperform” rating for the company in a research report on Tuesday, February 24th. UBS Group boosted their price target on shares of Jones Lang LaSalle from $425.00 to $445.00 and gave the company a “buy” rating in a research report on Wednesday, April 22nd. Weiss Ratings lowered shares of Jones Lang LaSalle from a “buy (b)” rating to a “buy (b-)” rating in a report on Thursday, May 28th. Barclays lifted their target price on shares of Jones Lang LaSalle from $348.00 to $366.00 and gave the company an “equal weight” rating in a research note on Wednesday, May 13th. Finally, Zacks Research lowered Jones Lang LaSalle from a “strong-buy” rating to a “hold” rating in a research report on Friday, April 24th. Five analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company’s stock. According to data from MarketBeat.com, Jones Lang LaSalle has an average rating of “Moderate Buy” and an average price target of $394.00.

Insider Buying and Selling

In other news, Director Larry Quinlan sold 403 shares of Jones Lang LaSalle stock in a transaction on Friday, June 5th. The stock was sold at an average price of $295.14, for a total value of $118,941.42. Following the completion of the sale, the director directly owned 4,771 shares of the company’s stock, valued at approximately $1,408,112.94. This trade represents a 7.79% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CEO Richard Bloxam sold 5,440 shares of the business’s stock in a transaction on Tuesday, March 24th. The stock was sold at an average price of $296.94, for a total value of $1,615,353.60. The SEC filing for this sale provides additional information. Company insiders own 0.91% of the company’s stock.

Jones Lang LaSalle Stock Down 0.7%

Shares of NYSE JLL opened at $297.99 on Tuesday. Jones Lang LaSalle Incorporated has a 12-month low of $233.14 and a 12-month high of $363.06. The firm’s 50-day simple moving average is $311.83 and its 200 day simple moving average is $320.75. The company has a quick ratio of 2.35, a current ratio of 2.35 and a debt-to-equity ratio of 0.15. The company has a market cap of $13.82 billion, a price-to-earnings ratio of 16.02 and a beta of 1.29.

Jones Lang LaSalle (NYSE:JLL) last posted its quarterly earnings data on Thursday, April 30th. The financial services provider reported $3.43 earnings per share for the quarter, beating 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 during the quarter, compared to analysts’ expectations of $6 billion. During the same quarter last year, the company posted $2.31 EPS. The company’s quarterly revenue was up 11.1% compared to the same quarter last year. On average, research analysts expect that Jones Lang LaSalle Incorporated will post 22.8 earnings per share for the current fiscal year.

About Jones Lang LaSalle

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.