Jones Lang LaSalle Incorporated $JLL Shares Sold by MetLife Investment Management LLC

MetLife Investment Management LLC cut its stake in shares of Jones Lang LaSalle Incorporated (NYSE:JLL) by 1.5% during the first quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 26,981 shares of the financial services provider’s stock after selling 407 shares during the quarter. MetLife Investment Management LLC owned about 0.06% of Jones Lang LaSalle worth $6,689,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also made changes to their positions in JLL. Allianz Asset Management GmbH boosted its position in shares of Jones Lang LaSalle by 194.0% in the 1st quarter. Allianz Asset Management GmbH now owns 395,337 shares of the financial services provider’s stock worth $98,008,000 after buying an additional 260,847 shares in the last quarter. Nuveen LLC purchased a new stake in shares of Jones Lang LaSalle in the 1st quarter worth about $53,533,000. GAMMA Investing LLC boosted its position in shares of Jones Lang LaSalle by 25,132.7% in the 1st quarter. GAMMA Investing LLC now owns 212,459 shares of the financial services provider’s stock worth $52,671,000 after buying an additional 211,617 shares in the last quarter. Millennium Management LLC boosted its position in shares of Jones Lang LaSalle by 146.2% in the 4th quarter. Millennium Management LLC now owns 335,451 shares of the financial services provider’s stock worth $84,916,000 after buying an additional 199,197 shares in the last quarter. Finally, Blair William & Co. IL boosted its position in shares of Jones Lang LaSalle by 285.8% in the 1st quarter. Blair William & Co. IL now owns 217,835 shares of the financial services provider’s stock worth $54,003,000 after buying an additional 161,371 shares in the last quarter. 94.80% of the stock is currently owned by hedge funds and other institutional investors.

Insider Buying and Selling at Jones Lang LaSalle

In other news, CEO Andrew W. Poppink sold 275 shares of the stock in a transaction dated Friday, June 20th. The shares were sold at an average price of $237.97, for a total transaction of $65,441.75. Following the transaction, the chief executive officer directly owned 10,297 shares in the company, valued at $2,450,377.09. This represents a 2.60% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this link. 0.91% of the stock is currently owned by insiders.

Jones Lang LaSalle Trading Up 0.3%

Shares of JLL stock opened at $306.51 on Thursday. The firm has a market cap of $14.52 billion, a P/E ratio of 26.36 and a beta of 1.38. Jones Lang LaSalle Incorporated has a 1-year low of $194.36 and a 1-year high of $308.61. 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’s 50-day simple moving average is $268.80 and its 200-day simple moving average is $249.53.

Jones Lang LaSalle (NYSE:JLL) last announced its quarterly earnings data 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 business had revenue of $6.25 billion for the quarter, compared to analyst estimates of $6.17 billion. Jones Lang LaSalle had a net margin of 2.28% and a return on equity of 10.63%. The company’s revenue was up 11.0% on a year-over-year basis. During the same period in the prior year, the firm posted $2.55 EPS. As a group, equities analysts forecast that Jones Lang LaSalle Incorporated will post 16.45 EPS for the current year.

Analyst Ratings Changes

Several research firms recently commented on JLL. JPMorgan Chase & Co. boosted their price objective on shares of Jones Lang LaSalle from $285.00 to $372.00 and gave the stock an “overweight” rating in a research report on Tuesday. The Goldman Sachs Group upped their target price on shares of Jones Lang LaSalle from $338.00 to $378.00 and gave the company a “buy” rating in a report on Wednesday, August 13th. JMP Securities assumed coverage on shares of Jones Lang LaSalle in a report on Monday, July 21st. They issued a “market perform” rating on the stock. Wall Street Zen lowered shares of Jones Lang LaSalle from a “buy” rating to a “hold” rating in a report on Saturday, August 23rd. Finally, UBS Group upped their target price on shares of Jones Lang LaSalle from $305.00 to $340.00 and gave the company a “buy” rating in a report on Wednesday, July 2nd. One research analyst has rated the stock with a Strong Buy rating, five have given a Buy rating and three have assigned a Hold rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $328.57.

Jones Lang LaSalle 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.