Manchester Capital Management LLC Has $230,000 Stake in Jones Lang LaSalle Incorporated (NYSE:JLL)

Manchester Capital Management LLC increased its position in shares of Jones Lang LaSalle Incorporated (NYSE:JLL) by 22.6% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 929 shares of the financial services provider’s stock after acquiring an additional 171 shares during the quarter. Manchester Capital Management LLC’s holdings in Jones Lang LaSalle were worth $230,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also bought and sold shares of the company. PNC Financial Services Group Inc. boosted its stake in Jones Lang LaSalle by 11.2% during the 1st quarter. PNC Financial Services Group Inc. now owns 2,605 shares of the financial services provider’s stock worth $646,000 after acquiring an additional 262 shares during the last quarter. Jupiter Asset Management Ltd. boosted its stake in Jones Lang LaSalle by 2.9% during the 1st quarter. Jupiter Asset Management Ltd. now owns 73,620 shares of the financial services provider’s stock worth $18,251,000 after acquiring an additional 2,081 shares during the last quarter. Vulcan Value Partners LLC lifted its stake in Jones Lang LaSalle by 22.9% in the first quarter. Vulcan Value Partners LLC now owns 536,063 shares of the financial services provider’s stock valued at $132,828,000 after buying an additional 99,837 shares in the last quarter. Commerce Bank lifted its stake in Jones Lang LaSalle by 68.6% in the first quarter. Commerce Bank now owns 1,516 shares of the financial services provider’s stock valued at $376,000 after buying an additional 617 shares in the last quarter. Finally, US Bancorp DE lifted its stake in Jones Lang LaSalle by 9.1% in the first quarter. US Bancorp DE now owns 2,471 shares of the financial services provider’s stock valued at $613,000 after buying an additional 207 shares in the last quarter. Institutional investors own 94.80% of the company’s stock.

Insiders Place Their Bets

In other Jones Lang LaSalle news, CEO Andrew W. Poppink sold 275 shares of the company’s stock in a transaction on 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 $2,450,377.09. The trade was a 2.60% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Insiders own 0.91% of the company’s stock.

Analyst Ratings Changes

A number of brokerages have weighed in on JLL. UBS Group lifted their price target on shares of Jones Lang LaSalle from $305.00 to $340.00 and gave the company a “buy” rating in a research note on Wednesday, July 2nd. JMP Securities began coverage on shares of Jones Lang LaSalle in a research note on Monday, July 21st. They issued a “market perform” rating on the stock. Keefe, Bruyette & Woods lifted 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 cut their price target 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. Finally, JPMorgan Chase & Co. cut their price target 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. Four investment analysts have rated the stock with a hold rating, five have assigned a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat.com, Jones Lang LaSalle presently has a consensus rating of “Moderate Buy” and an average price target of $312.43.

Jones Lang LaSalle Price Performance

Shares of JLL opened at $265.48 on Monday. The company has a market cap of $12.60 billion, a price-to-earnings ratio of 24.00 and a beta of 1.38. Jones Lang LaSalle Incorporated has a 1-year low of $194.36 and a 1-year high of $288.50. The company’s fifty day simple moving average is $247.11 and its 200 day simple moving average is $247.47. The company has a current ratio of 2.01, a quick ratio of 2.01 and a debt-to-equity ratio of 0.17.

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

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.