Jupiter Asset Management Ltd. Has $18.25 Million Stock Holdings in Jones Lang LaSalle Incorporated (NYSE:JLL)

Jupiter Asset Management Ltd. raised its holdings in Jones Lang LaSalle Incorporated (NYSE:JLL) by 2.9% in the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 73,620 shares of the financial services provider’s stock after acquiring an additional 2,081 shares during the period. Jupiter Asset Management Ltd. owned about 0.15% of Jones Lang LaSalle worth $18,251,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors have also bought and sold shares of the business. Tidal Investments LLC lifted its position in shares of Jones Lang LaSalle by 4.7% in the fourth quarter. Tidal Investments LLC now owns 846 shares of the financial services provider’s stock worth $214,000 after purchasing an additional 38 shares in the last quarter. Ellevest Inc. lifted its position in Jones Lang LaSalle by 3.7% during the 4th quarter. Ellevest Inc. now owns 1,326 shares of the financial services provider’s stock worth $336,000 after buying an additional 47 shares in the last quarter. CIBC Private Wealth Group LLC grew its holdings in shares of Jones Lang LaSalle by 25.0% in the 4th quarter. CIBC Private Wealth Group LLC now owns 250 shares of the financial services provider’s stock valued at $62,000 after acquiring an additional 50 shares in the last quarter. Bessemer Group Inc. raised its holdings in Jones Lang LaSalle by 0.4% during the fourth quarter. Bessemer Group Inc. now owns 12,096 shares of the financial services provider’s stock worth $3,062,000 after acquiring an additional 50 shares in the last quarter. Finally, Hancock Whitney Corp grew its stake in Jones Lang LaSalle by 1.3% in the fourth quarter. Hancock Whitney Corp now owns 4,289 shares of the financial services provider’s stock valued at $1,086,000 after purchasing an additional 55 shares in the last quarter. 94.80% of the stock is owned by institutional investors.

Insider Buying and Selling at Jones Lang LaSalle

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

Analyst Upgrades and Downgrades

JLL has been the subject of several recent analyst reports. UBS Group increased their price objective on Jones Lang LaSalle from $305.00 to $340.00 and gave the company a “buy” rating in a report on Wednesday, July 2nd. Keefe, Bruyette & Woods increased their price target on shares of Jones Lang LaSalle from $280.00 to $297.00 and gave the company an “outperform” rating in a research note on Thursday, July 24th. Citigroup lowered their price objective on shares of Jones Lang LaSalle from $275.00 to $240.00 and set a “neutral” rating on the stock in a research note on Wednesday, May 28th. Wall Street Zen cut shares of Jones Lang LaSalle from a “buy” rating to a “hold” rating in a report on Monday, July 28th. Finally, JMP Securities started coverage on Jones Lang LaSalle in a report on Monday, July 21st. They set a “market perform” rating for the company. Four investment analysts have rated the stock with a hold rating, five have assigned a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus target price of $312.43.

Jones Lang LaSalle Stock Down 1.8%

Shares of JLL opened at $265.48 on Friday. The firm has a market cap of $12.60 billion, a P/E ratio of 24.00 and a beta of 1.38. The company has a debt-to-equity ratio of 0.17, a quick ratio of 2.01 and a current ratio of 2.01. Jones Lang LaSalle Incorporated has a 52 week low of $194.36 and a 52 week high of $288.50. The firm’s 50-day simple moving average is $247.11 and its 200 day simple moving average is $247.55.

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

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.