154 Shares in Jones Lang LaSalle Incorporated $JLL Bought by SVB Wealth LLC

SVB Wealth LLC acquired a new position in Jones Lang LaSalle Incorporated (NYSE:JLL) during the first quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm acquired 154 shares of the financial services provider’s stock, valued at approximately $38,000.

A number of other large investors have also added to or reduced their stakes in the company. Compound Planning Inc. raised its position in Jones Lang LaSalle by 24.4% during the first quarter. Compound Planning Inc. now owns 1,568 shares of the financial services provider’s stock valued at $389,000 after purchasing an additional 308 shares in the last quarter. Channing Capital Management LLC boosted its position in Jones Lang LaSalle by 20.8% during the 1st quarter. Channing Capital Management LLC now owns 31,629 shares of the financial services provider’s stock valued at $7,841,000 after acquiring an additional 5,448 shares in the last quarter. Erste Asset Management GmbH lifted its holdings in shares of Jones Lang LaSalle by 4.0% during the first quarter. Erste Asset Management GmbH now owns 17,269 shares of the financial services provider’s stock valued at $4,246,000 after purchasing an additional 664 shares during the last quarter. Hsbc Holdings PLC lifted its holdings in shares of Jones Lang LaSalle by 24.9% during the first quarter. Hsbc Holdings PLC now owns 42,079 shares of the financial services provider’s stock valued at $10,373,000 after purchasing an additional 8,400 shares during the last quarter. Finally, Northern Trust Corp lifted its holdings in shares of Jones Lang LaSalle by 21.6% during the first quarter. Northern Trust Corp now owns 548,227 shares of the financial services provider’s stock valued at $135,911,000 after purchasing an additional 97,492 shares during the last quarter. Hedge funds and other institutional investors own 94.80% of the company’s stock.

Insiders Place Their Bets

In related news, CEO Andrew W. Poppink sold 275 shares of the company’s stock in a transaction on Friday, June 20th. The shares were sold at an average price of $237.97, for a total value of $65,441.75. Following the completion of the transaction, the chief executive officer owned 10,297 shares of the company’s stock, valued at approximately $2,450,377.09. This represents a 2.60% decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through this link. Corporate insiders own 0.91% of the company’s stock.

Wall Street Analyst Weigh In

A number of brokerages recently weighed in on JLL. Keefe, Bruyette & Woods boosted their price objective on shares of Jones Lang LaSalle from $280.00 to $297.00 and gave the stock an “outperform” rating in a report on Thursday, July 24th. Citizens Jmp began coverage on shares of Jones Lang LaSalle in a research note on Monday, July 21st. They set a “market perform” rating for the company. UBS Group boosted their target price on shares of Jones Lang LaSalle from $305.00 to $340.00 and gave the company a “buy” rating in a research note on Wednesday, July 2nd. JPMorgan Chase & Co. boosted their target price on shares of Jones Lang LaSalle from $285.00 to $372.00 and gave the company an “overweight” rating in a research note on Tuesday. Finally, Citigroup decreased their target price on shares of Jones Lang LaSalle from $275.00 to $240.00 and set a “neutral” rating for the company in a research note on Wednesday, May 28th. One investment analyst has rated the stock with a Strong Buy rating, five have given a Buy rating and three have issued a Hold rating to the company. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $328.57.

Jones Lang LaSalle Trading Up 0.3%

Shares of JLL stock opened at $306.51 on Thursday. The company has a market cap of $14.52 billion, a price-to-earnings ratio of 26.36 and a beta of 1.38. The company has a debt-to-equity ratio of 0.16, a current ratio of 2.35 and a quick ratio of 2.35. The firm has a fifty day moving average price of $268.80 and a 200-day moving average price of $249.53. Jones Lang LaSalle Incorporated has a 1 year low of $194.36 and a 1 year high of $308.61.

Jones Lang LaSalle (NYSE:JLL) last issued its earnings results on Wednesday, August 6th. The financial services provider reported $3.30 earnings per share for the quarter, topping the consensus estimate of $3.20 by $0.10. The company had revenue of $6.25 billion during the quarter, compared to the consensus estimate of $6.17 billion. Jones Lang LaSalle had a net margin of 2.28% and a return on equity of 10.63%. Jones Lang LaSalle’s quarterly revenue was up 11.0% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $2.55 EPS. As a group, equities analysts predict that Jones Lang LaSalle Incorporated will post 16.45 earnings per share for the current year.

Jones Lang LaSalle Company Profile

Jones Lang LaSalle Incorporated operates as a commercial real estate and investment management company. It engages in the buying, building, occupying, managing, and investing in a commercial, industrial, hotel, residential, and retail properties in Americas, Europe, the Middle East, Africa, and the Asia Pacific.