United Services Automobile Association lowered its stake in shares of Jones Lang LaSalle Incorporated (NYSE:JLL) by 82.4% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,907 shares of the financial services provider’s stock after selling 8,946 shares during the period. United Services Automobile Association’s holdings in Jones Lang LaSalle were worth $213,000 at the end of the most recent reporting period.
A number of other institutional investors also recently bought and sold shares of JLL. Louisiana State Employees Retirement System raised its position in Jones Lang LaSalle by 1.8% in the first quarter. Louisiana State Employees Retirement System now owns 11,400 shares of the financial services provider’s stock valued at $1,271,000 after buying an additional 200 shares during the period. Capstone Asset Management Co. raised its position in Jones Lang LaSalle by 9.0% in the first quarter. Capstone Asset Management Co. now owns 5,111 shares of the financial services provider’s stock valued at $570,000 after buying an additional 420 shares during the period. First National Bank of Omaha bought a new position in Jones Lang LaSalle during the first quarter valued at $3,060,000. Bank of Montreal Can raised its position in Jones Lang LaSalle by 33.4% in the first quarter. Bank of Montreal Can now owns 69,062 shares of the financial services provider’s stock valued at $7,696,000 after buying an additional 17,286 shares during the period. Finally, Gulf International Bank UK Ltd raised its position in Jones Lang LaSalle by 0.7% in the first quarter. Gulf International Bank UK Ltd now owns 14,400 shares of the financial services provider’s stock valued at $1,604,000 after buying an additional 100 shares during the period. Institutional investors own 88.26% of the company’s stock.
Jones Lang LaSalle Incorporated (NYSE JLL) traded up 0.17% during midday trading on Friday, reaching $126.94. The company’s stock had a trading volume of 131,866 shares. The firm has a market cap of $5.75 billion, a P/E ratio of 19.08 and a beta of 1.81. Jones Lang LaSalle Incorporated has a 52 week low of $86.62 and a 52 week high of $134.76. The firm has a 50 day moving average price of $124.27 and a 200-day moving average price of $114.16.
Jones Lang LaSalle (NYSE:JLL) last announced its earnings results on Friday, May 5th. The financial services provider reported $0.45 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.38 by $0.07. Jones Lang LaSalle had a net margin of 4.28% and a return on equity of 12.44%. The firm had revenue of $1.62 billion for the quarter, compared to analyst estimates of $1.46 billion. During the same quarter in the prior year, the business posted $0.82 EPS. The business’s revenue was up 20.8% compared to the same quarter last year. On average, analysts forecast that Jones Lang LaSalle Incorporated will post $7.97 earnings per share for the current fiscal year.
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Several research firms have weighed in on JLL. UBS AG began coverage on Jones Lang LaSalle in a report on Wednesday. They set a “neutral” rating and a $134.00 target price on the stock. ValuEngine lowered Jones Lang LaSalle from a “buy” rating to a “hold” rating in a report on Monday, July 24th. Zacks Investment Research upgraded Jones Lang LaSalle from a “hold” rating to a “buy” rating and set a $141.00 target price on the stock in a report on Monday, July 10th. JMP Securities raised their target price on Jones Lang LaSalle from $118.00 to $132.00 and gave the company an “outperform” rating in a report on Monday, May 8th. Finally, Barclays PLC lifted their price objective on Jones Lang LaSalle from $130.00 to $140.00 and gave the stock an “overweight” rating in a research note on Tuesday, July 18th. Five analysts have rated the stock with a hold rating and six have issued a buy rating to the company. The stock presently has an average rating of “Buy” and a consensus price target of $131.71.
In related news, Director Sheila A. Penrose sold 1,000 shares of the stock in a transaction that occurred on Monday, May 15th. The shares were sold at an average price of $115.44, for a total transaction of $115,440.00. Following the sale, the director now owns 48,847 shares in the company, valued at approximately $5,638,897.68. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. In the last 90 days, insiders have sold 3,000 shares of company stock worth $361,240. Company insiders own 0.72% of the company’s stock.
Jones Lang LaSalle Company Profile
Jones Lang LaSalle Incorporated (JLL) is a financial and professional services company specializing in real estate. The Company operates through four business segments: Americas; Europe, Middle East and Africa (EMEA); Asia Pacific, and LaSalle. It offers integrated services on a local, regional and global basis to owner, occupier, investor and developer clients.
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