Generation Investment Management LLP Has $841.97 Million Stake in Jones Lang LaSalle Incorporated (NYSE:JLL)

Generation Investment Management LLP decreased its position in Jones Lang LaSalle Incorporated (NYSE:JLL) by 3.6% in the first quarter, HoldingsChannel reports. The firm owned 4,702,667 shares of the financial services provider’s stock after selling 174,840 shares during the period. Jones Lang LaSalle accounts for about 3.5% of Generation Investment Management LLP’s investment portfolio, making the stock its 13th biggest holding. Generation Investment Management LLP owned approximately 0.09% of Jones Lang LaSalle worth $841,965,000 as of its most recent SEC filing.

A number of other institutional investors have also recently bought and sold shares of JLL. Grant Street Asset Management Inc. acquired a new position in Jones Lang LaSalle in the 1st quarter worth approximately $25,000. Arkadios Wealth Advisors acquired a new stake in shares of Jones Lang LaSalle during the 1st quarter valued at $31,000. Allred Capital Management LLC acquired a new stake in shares of Jones Lang LaSalle during the 1st quarter valued at $39,000. Advisors Asset Management Inc. acquired a new stake in shares of Jones Lang LaSalle during the 1st quarter valued at $40,000. Finally, Ameritas Investment Company LLC acquired a new stake in shares of Jones Lang LaSalle during the 1st quarter valued at $55,000. 94.96% of the stock is owned by hedge funds and other institutional investors.

JLL traded down $2.41 during trading on Thursday, hitting $198.64. The stock had a trading volume of 1,892 shares, compared to its average volume of 382,286. The stock has a market capitalization of $10.19 billion, a price-to-earnings ratio of 20.99, a PEG ratio of 1.77 and a beta of 1.38. Jones Lang LaSalle Incorporated has a 12 month low of $87.67 and a 12 month high of $212.95. The company has a current ratio of 2.17, a quick ratio of 2.17 and a debt-to-equity ratio of 0.18. The company has a 50 day simple moving average of $200.83.

Jones Lang LaSalle (NYSE:JLL) last posted its quarterly earnings data on Wednesday, May 5th. The financial services provider reported $2.10 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.66 by $1.44. Jones Lang LaSalle had a net margin of 3.03% and a return on equity of 10.66%. The company had revenue of $2.13 billion for the quarter, compared to the consensus estimate of $2 billion. During the same quarter in the previous year, the firm posted $0.49 EPS. The business’s revenue was down 4.6% compared to the same quarter last year. As a group, research analysts forecast that Jones Lang LaSalle Incorporated will post 12.25 EPS for the current year.

In other news, CEO Richard Bloxam sold 1,500 shares of the business’s stock in a transaction dated Monday, May 17th. The shares were sold at an average price of $200.04, for a total transaction of $300,060.00. Following the transaction, the chief executive officer now owns 12,111 shares in the company, valued at approximately $2,422,684.44. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, insider Louis F. Bowers sold 521 shares of Jones Lang LaSalle stock in a transaction dated Wednesday, June 16th. The shares were sold at an average price of $206.08, for a total transaction of $107,367.68. The disclosure for this sale can be found here. Insiders own 0.62% of the company’s stock.

JLL has been the subject of a number of research reports. Wolfe Research initiated coverage on shares of Jones Lang LaSalle in a research note on Monday, June 14th. They set an “outperform” rating for the company. JPMorgan Chase & Co. lifted their target price on shares of Jones Lang LaSalle from $200.00 to $219.00 and gave the company an “overweight” rating in a research note on Thursday, May 6th. Raymond James lifted their price objective on shares of Jones Lang LaSalle from $186.00 to $198.00 and gave the company an “outperform” rating in a research note on Tuesday, April 27th. Finally, Zacks Investment Research lowered shares of Jones Lang LaSalle from a “buy” rating to a “hold” rating and set a $204.00 price objective for the company. in a research note on Monday. Two equities research analysts have rated the stock with a hold rating and five have issued a buy rating to the company’s stock. The stock currently has an average rating of “Buy” and a consensus price target of $175.83.

About Jones Lang LaSalle

Jones Lang LaSalle Incorporated, a professional services company, provides real estate and investment management services in America's, Europe, the Middle East, Africa, and the Asia Pacific. The company offers a range of real estate services, including agency leasing and tenant representation services; and capital market services, such as debt placement, loan sales, equity placement, loan servicing, funds advisory, merger and acquisition, corporate advisory, and investment sales and acquisitions services.

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Institutional Ownership by Quarter for Jones Lang LaSalle (NYSE:JLL)

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