Jones Lang LaSalle Incorporated (NYSE:JLL) Shares Acquired by PNC Financial Services Group Inc.

PNC Financial Services Group Inc. lifted its stake in shares of Jones Lang LaSalle Incorporated (NYSE:JLL) by 11.2% during the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 2,605 shares of the financial services provider’s stock after acquiring an additional 262 shares during the period. PNC Financial Services Group Inc.’s holdings in Jones Lang LaSalle were worth $646,000 as of its most recent SEC filing.

Other large investors have also made changes to their positions in the company. Golden State Wealth Management LLC acquired a new stake in shares of Jones Lang LaSalle during the first quarter valued at $33,000. Western Pacific Wealth Management LP acquired a new stake in shares of Jones Lang LaSalle during the first quarter valued at $41,000. Versant Capital Management Inc boosted its stake in shares of Jones Lang LaSalle by 356.3% during the first quarter. Versant Capital Management Inc now owns 324 shares of the financial services provider’s stock valued at $80,000 after acquiring an additional 253 shares during the last quarter. Farther Finance Advisors LLC boosted its stake in 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 worth $91,000 after buying an additional 105 shares during the last quarter. Finally, Quarry LP boosted its stake in Jones Lang LaSalle by 129.9% in the 4th quarter. Quarry LP now owns 492 shares of the financial services provider’s stock worth $125,000 after buying an additional 278 shares during the last quarter. Institutional investors and hedge funds own 94.80% of the company’s stock.

Jones Lang LaSalle Stock Performance

NYSE JLL opened at $283.77 on Wednesday. The firm has a market capitalization of $13.44 billion, a P/E ratio of 24.40 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 has a debt-to-equity ratio of 0.16, a current ratio of 2.35 and a quick ratio of 2.35. The business’s 50-day simple moving average is $254.76 and its 200-day simple moving average is $247.96.

Jones Lang LaSalle (NYSE:JLL) last released its quarterly earnings data on Wednesday, August 6th. The financial services provider reported $3.30 earnings per share for the quarter, beating the consensus estimate of $3.20 by $0.10. The business had revenue of $6.25 billion for the quarter, compared to analyst estimates of $6.17 billion. Jones Lang LaSalle had a return on equity of 10.63% and a net margin of 2.28%. The company’s revenue was up 11.0% compared to the same quarter last year. During the same period in the previous year, the company posted $2.55 EPS. Equities analysts predict that Jones Lang LaSalle Incorporated will post 16.45 EPS for the current year.

Insider Activity at Jones Lang LaSalle

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

Wall Street Analysts Forecast Growth

A number of analysts have issued reports on JLL shares. Citizens Jmp started coverage on Jones Lang LaSalle in a research note on Monday, July 21st. They issued a “market perform” rating on the stock. Citigroup decreased their price target on 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. Keefe, Bruyette & Woods raised their price target on Jones Lang LaSalle from $280.00 to $297.00 and gave the stock an “outperform” rating in a research note on Thursday, July 24th. Wall Street Zen raised Jones Lang LaSalle from a “hold” rating to a “buy” rating in a research note on Saturday. Finally, UBS Group raised their price target on Jones Lang LaSalle from $305.00 to $340.00 and gave the stock a “buy” rating in a research note on Wednesday, July 2nd. Three research analysts have rated the stock with a hold rating, six have issued a buy rating and one has given a strong buy rating to the stock. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and an average price target of $312.43.

Jones Lang LaSalle Company 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.