Jones Lang LaSalle Incorporated (NYSE:JLL) Shares Acquired by Sumitomo Mitsui Trust Group Inc.

Sumitomo Mitsui Trust Group Inc. boosted its holdings in Jones Lang LaSalle Incorporated (NYSE:JLL) by 10.9% during the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 1,521 shares of the financial services provider’s stock after acquiring an additional 150 shares during the quarter. Sumitomo Mitsui Trust Group Inc.’s holdings in Jones Lang LaSalle were worth $377,000 at the end of the most recent quarter.

Several other hedge funds have also recently added to or reduced their stakes in the business. US Bancorp DE lifted its holdings in Jones Lang LaSalle by 7.0% in the fourth quarter. US Bancorp DE now owns 2,264 shares of the financial services provider’s stock worth $573,000 after purchasing an additional 149 shares during the period. Steward Partners Investment Advisory LLC lifted its stake in shares of Jones Lang LaSalle by 763.5% in the 4th quarter. Steward Partners Investment Advisory LLC now owns 1,278 shares of the financial services provider’s stock worth $324,000 after acquiring an additional 1,130 shares during the period. Victory Capital Management Inc. boosted its holdings in shares of Jones Lang LaSalle by 0.3% in the fourth quarter. Victory Capital Management Inc. now owns 23,294 shares of the financial services provider’s stock valued at $5,897,000 after acquiring an additional 81 shares in the last quarter. Atria Investments Inc increased its stake in shares of Jones Lang LaSalle by 23.2% during the fourth quarter. Atria Investments Inc now owns 6,683 shares of the financial services provider’s stock valued at $1,692,000 after acquiring an additional 1,260 shares during the period. Finally, Proficio Capital Partners LLC bought a new stake in Jones Lang LaSalle during the fourth quarter worth approximately $8,715,000. Institutional investors own 94.80% of the company’s stock.

Jones Lang LaSalle Stock Performance

Shares of JLL opened at $260.64 on Friday. The company has a 50-day moving average of $234.97 and a two-hundred day moving average of $246.23. The stock has a market cap of $12.37 billion, a price-to-earnings ratio of 23.57 and a beta of 1.34. The company has a debt-to-equity ratio of 0.17, a current ratio of 2.01 and a quick ratio of 2.01. Jones Lang LaSalle Incorporated has a one year low of $194.36 and a one year high of $288.50.

Jones Lang LaSalle (NYSE:JLL) last posted its quarterly earnings data on Wednesday, May 7th. The financial services provider reported $2.31 EPS for the quarter, topping analysts’ consensus estimates of $2.02 by $0.29. Jones Lang LaSalle had a net margin of 2.23% and a return on equity of 10.37%. The firm had revenue of $5.75 billion during the quarter, compared to analyst estimates of $5.65 billion. During the same quarter last year, the business posted $1.78 EPS. The company’s revenue was up 12.1% on a year-over-year basis. On average, equities research analysts expect that Jones Lang LaSalle Incorporated will post 16.45 earnings per share for the current year.

Wall Street Analysts Forecast Growth

JLL has been the topic of several research analyst reports. UBS Group lifted their price target on Jones Lang LaSalle from $305.00 to $340.00 and gave the company a “buy” rating in a research report on Wednesday. Keefe, Bruyette & Woods lowered their target price on Jones Lang LaSalle from $325.00 to $280.00 and set an “outperform” rating on the stock in a report on Thursday, April 17th. Citigroup cut their price target on shares of Jones Lang LaSalle from $275.00 to $240.00 and set a “neutral” rating for the company in a report on Wednesday, May 28th. JPMorgan Chase & Co. lowered their price objective on shares of Jones Lang LaSalle from $327.00 to $285.00 and set an “overweight” rating on the stock in a research note on Thursday, April 10th. Finally, Wall Street Zen lowered shares of Jones Lang LaSalle from a “strong-buy” rating to a “buy” rating in a research note on Tuesday, May 13th. One equities research analyst has rated the stock with a hold rating, six have issued a buy rating and one has assigned a strong buy rating to the company’s stock. Based on data from MarketBeat.com, Jones Lang LaSalle currently has a consensus rating of “Buy” and an average target price of $310.00.

Insiders Place Their Bets

In related news, CEO Andrew W. Poppink sold 275 shares of the stock in a transaction dated Friday, June 20th. The stock was sold at an average price of $237.97, for a total value of $65,441.75. Following the completion of the sale, the chief executive officer directly 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 legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Insiders own 0.91% of the company’s stock.

About Jones Lang LaSalle

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.