Virtu Financial LLC Has $807,000 Stock Position in Jones Lang LaSalle Incorporated $JLL

Virtu Financial LLC lessened its position in shares of Jones Lang LaSalle Incorporated (NYSE:JLL) by 55.2% during the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 2,400 shares of the financial services provider’s stock after selling 2,960 shares during the quarter. Virtu Financial LLC’s holdings in Jones Lang LaSalle were worth $807,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in JLL. Sunbelt Securities Inc. acquired a new position in Jones Lang LaSalle during the 3rd quarter valued at about $25,000. International Assets Investment Management LLC acquired a new stake in shares of Jones Lang LaSalle during the 4th quarter worth approximately $29,000. Activest Wealth Management raised its stake 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 buying an additional 86 shares during the last quarter. Hilton Head Capital Partners LLC bought a new stake in shares of Jones Lang LaSalle during the fourth quarter worth approximately $35,000. Finally, True Wealth Design LLC lifted its holdings in Jones Lang LaSalle by 13,200.0% in the fourth quarter. True Wealth Design LLC now owns 133 shares of the financial services provider’s stock valued at $45,000 after buying an additional 132 shares during the period. 94.80% of the stock is currently owned by institutional investors and hedge funds.

Jones Lang LaSalle Stock Down 0.1%

Shares of NYSE:JLL opened at $297.12 on Monday. The company has a 50 day moving average price of $310.94 and a two-hundred day moving average price of $319.94. The company has a debt-to-equity ratio of 0.15, a quick ratio of 2.35 and a current ratio of 2.35. The company has a market capitalization of $13.78 billion, a PE ratio of 15.97 and a beta of 1.29. Jones Lang LaSalle Incorporated has a 52 week low of $237.03 and a 52 week high of $363.06.

Jones Lang LaSalle (NYSE:JLL) last announced its quarterly earnings results on Thursday, April 30th. The financial services provider reported $3.43 earnings per share for the quarter, topping analysts’ consensus estimates 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 company had revenue of $6.39 billion for the quarter, compared to analysts’ expectations of $6 billion. During the same period last year, the firm posted $2.31 earnings per share. The business’s quarterly revenue was up 11.1% compared to the same quarter last year. Analysts forecast that Jones Lang LaSalle Incorporated will post 22.8 earnings per share for the current year.

Insider Activity

In other news, CEO Richard Bloxam sold 5,440 shares of the firm’s stock in a transaction dated Tuesday, March 24th. The stock was sold at an average price of $296.94, for a total transaction of $1,615,353.60. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. Also, Director Larry Quinlan sold 403 shares of Jones Lang LaSalle stock in a transaction dated 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 owned 4,771 shares in the company, valued at $1,408,112.94. This trade represents a 7.79% decrease in their position. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Over the last quarter, insiders have sold 6,245 shares of company stock worth $1,855,590. Corporate insiders own 0.91% of the company’s stock.

Analyst Ratings Changes

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

Jones Lang LaSalle 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.