Zurcher Kantonalbank Zurich Cantonalbank Has $5.14 Million Position in Jones Lang LaSalle Incorporated (NYSE:JLL)

Zurcher Kantonalbank Zurich Cantonalbank cut its position in Jones Lang LaSalle Incorporated (NYSE:JLL) by 0.7% during the 1st quarter, according to the company in its most recent disclosure with the SEC. The firm owned 20,723 shares of the financial services provider’s stock after selling 145 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank’s holdings in Jones Lang LaSalle were worth $5,137,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the company. Golden State Wealth Management LLC acquired a new stake in Jones Lang LaSalle during the 1st quarter worth $33,000. Western Pacific Wealth Management LP bought a new stake in shares of Jones Lang LaSalle in the first quarter worth about $41,000. CIBC Private Wealth Group LLC raised its position in shares of Jones Lang LaSalle by 25.0% during the fourth quarter. CIBC Private Wealth Group LLC now owns 250 shares of the financial services provider’s stock worth $62,000 after purchasing an additional 50 shares during the period. Versant Capital Management Inc lifted its holdings in shares of Jones Lang LaSalle by 356.3% during the 1st quarter. Versant Capital Management Inc now owns 324 shares of the financial services provider’s stock valued at $80,000 after purchasing an additional 253 shares in the last quarter. Finally, Farther Finance Advisors LLC grew its position in shares of Jones Lang LaSalle by 39.9% in the 1st quarter. Farther Finance Advisors LLC now owns 368 shares of the financial services provider’s stock valued at $91,000 after purchasing an additional 105 shares during the period. 94.80% of the stock is owned by institutional investors.

Jones Lang LaSalle Trading Down 0.6%

Shares of NYSE:JLL opened at $270.66 on Friday. The company’s 50-day moving average price is $246.12 and its two-hundred day moving average price is $247.43. Jones Lang LaSalle Incorporated has a one year low of $194.36 and a one year high of $288.50. The company has a debt-to-equity ratio of 0.17, a current ratio of 2.01 and a quick ratio of 2.01. The stock has a market capitalization of $12.85 billion, a PE ratio of 24.47 and a beta of 1.34.

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

Insider Buying and Selling at Jones Lang LaSalle

In other news, CEO Andrew W. Poppink sold 275 shares of the stock in a transaction that occurred on 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 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 transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. 0.91% of the stock is owned by company insiders.

Analyst Upgrades and Downgrades

Several analysts have commented on the stock. Citizens Jmp initiated coverage on shares of Jones Lang LaSalle in a report on Monday, July 21st. They set a “market perform” rating on the stock. JPMorgan Chase & Co. dropped 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 report on Thursday, April 10th. Wall Street Zen cut shares of Jones Lang LaSalle from a “buy” rating to a “hold” rating in a research report on Monday. UBS Group increased their target price on Jones Lang LaSalle from $305.00 to $340.00 and gave the stock a “buy” rating in a report on Wednesday, July 2nd. Finally, Citigroup cut their price target on Jones Lang LaSalle from $275.00 to $240.00 and set a “neutral” rating on the stock in a report on Wednesday, May 28th. Four analysts have rated the stock with a hold rating, five have assigned a buy rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat, Jones Lang LaSalle has a consensus rating of “Moderate Buy” and a consensus price target of $312.43.

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.