Jones Lang LaSalle Incorporated $JLL Shares Sold by Rathbones Group PLC

Rathbones Group PLC lessened its stake in shares of Jones Lang LaSalle Incorporated (NYSE:JLL) by 62.7% in the 1st quarter, Holdings Channel reports. The institutional investor owned 3,378 shares of the financial services provider’s stock after selling 5,670 shares during the quarter. Rathbones Group PLC’s holdings in Jones Lang LaSalle were worth $1,028,000 as of its most recent SEC filing.

A number of other hedge funds have also recently modified their holdings of JLL. Sunbelt Securities Inc. acquired a new stake in Jones Lang LaSalle during the 3rd quarter worth $25,000. International Assets Investment Management LLC acquired a new position in Jones Lang LaSalle in the fourth quarter valued at $29,000. Activest Wealth Management grew its holdings in shares of 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 purchasing an additional 86 shares during the last quarter. Hilton Head Capital Partners LLC acquired a new stake in shares of Jones Lang LaSalle during the fourth quarter worth about $35,000. Finally, Bayforest Capital Ltd purchased a new stake in shares of Jones Lang LaSalle in the 4th quarter valued at about $55,000. 94.80% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

A number of analysts recently issued reports on JLL shares. Keefe, Bruyette & Woods upped their target price on Jones Lang LaSalle from $375.00 to $415.00 and gave the company an “outperform” rating in a research report on Monday. Raymond James Financial reaffirmed a “strong-buy” rating and set a $500.00 price target on shares of Jones Lang LaSalle in a research report on Thursday, July 30th. Zacks Research downgraded Jones Lang LaSalle from a “strong-buy” rating to a “hold” rating in a report on Thursday, July 23rd. Weiss Ratings lowered 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 lifted their target price 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. One analyst has rated the stock with a Strong Buy rating, five have issued a Buy rating and two have given a Hold rating to the company’s stock. According to MarketBeat, the stock has an average rating of “Moderate Buy” and an average price target of $417.83.

Insiders Place Their Bets

In other Jones Lang LaSalle news, Director Larry Quinlan sold 403 shares of the business’s stock in a transaction on 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 of the company’s stock, valued at approximately $1,408,112.94. The trade was a 7.79% decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. 0.91% of the stock is currently owned by company insiders.

Jones Lang LaSalle Stock Performance

Shares of JLL stock opened at $367.69 on Wednesday. The stock’s 50-day moving average price is $315.56 and its 200 day moving average price is $317.43. The company has a quick ratio of 2.40, a current ratio of 2.40 and a debt-to-equity ratio of 0.15. The stock has a market capitalization of $16.92 billion, a PE ratio of 17.62 and a beta of 1.25. Jones Lang LaSalle Incorporated has a 52-week low of $259.83 and a 52-week high of $369.95.

Jones Lang LaSalle (NYSE:JLL) last announced its earnings results on Thursday, July 30th. The financial services provider reported $5.26 earnings per share for the quarter, beating the consensus estimate of $4.56 by $0.70. The company had revenue of $6.93 billion for the quarter, compared to the consensus estimate of $6.88 billion. Jones Lang LaSalle had a return on equity of 13.99% and a net margin of 3.64%.The company’s revenue was up 10.8% on a year-over-year basis. During the same period last year, the business posted $3.30 EPS. As a group, equities research analysts forecast that Jones Lang LaSalle Incorporated will post 24.18 EPS 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.