Creative Planning Sells 401 Shares of Jones Lang LaSalle Incorporated $JLL

Creative Planning trimmed its position in shares of Jones Lang LaSalle Incorporated (NYSE:JLL) by 5.5% during the 2nd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 6,931 shares of the financial services provider’s stock after selling 401 shares during the period. Creative Planning’s holdings in Jones Lang LaSalle were worth $1,773,000 at the end of the most recent quarter.

A number of other hedge funds also recently modified their holdings of JLL. Swedbank AB increased its position in shares of Jones Lang LaSalle by 115.0% during the second quarter. Swedbank AB now owns 938,149 shares of the financial services provider’s stock valued at $239,960,000 after purchasing an additional 501,716 shares during the period. Select Equity Group L.P. boosted its stake in Jones Lang LaSalle by 50.7% during the first quarter. Select Equity Group L.P. now owns 1,062,069 shares of the financial services provider’s stock worth $263,298,000 after buying an additional 357,469 shares in the last quarter. Nuveen LLC bought a new stake in Jones Lang LaSalle in the 1st quarter valued at $53,533,000. EdgePoint Investment Group Inc. raised its stake in shares of Jones Lang LaSalle by 11.9% in the 1st quarter. EdgePoint Investment Group Inc. now owns 1,835,344 shares of the financial services provider’s stock valued at $455,000,000 after buying an additional 195,818 shares in the last quarter. Finally, Blair William & Co. IL lifted its holdings in shares of Jones Lang LaSalle by 285.8% during the 1st quarter. Blair William & Co. IL now owns 217,835 shares of the financial services provider’s stock worth $54,003,000 after acquiring an additional 161,371 shares during the period. Institutional investors own 94.80% of the company’s stock.

Jones Lang LaSalle Trading Down 0.1%

JLL opened at $330.26 on Thursday. Jones Lang LaSalle Incorporated has a 1-year low of $194.36 and a 1-year high of $335.83. The stock has a market capitalization of $15.59 billion, a PE ratio of 28.40 and a beta of 1.46. The company has a current ratio of 2.35, a quick ratio of 2.35 and a debt-to-equity ratio of 0.16. The firm has a 50-day moving average price of $303.10 and a two-hundred day moving average price of $277.30.

Jones Lang LaSalle (NYSE:JLL) last released its quarterly earnings results on Wednesday, November 5th. The financial services provider reported $4.50 EPS for the quarter, beating the consensus estimate of $4.24 by $0.26. Jones Lang LaSalle had a net margin of 2.28% and a return on equity of 10.63%. The business had revenue of $6.51 billion for the quarter, compared to analysts’ expectations of $6.49 billion. During the same period in the prior year, the firm earned $3.50 earnings per share. Jones Lang LaSalle’s revenue was up 10.9% compared to the same quarter last year. As a group, equities analysts anticipate that Jones Lang LaSalle Incorporated will post 16.45 earnings per share for the current fiscal year.

Analyst Ratings Changes

JLL has been the topic of a number of analyst reports. Wall Street Zen raised shares of Jones Lang LaSalle from a “buy” rating to a “strong-buy” rating in a research note on Saturday, November 8th. JPMorgan Chase & Co. upped their price objective on Jones Lang LaSalle from $285.00 to $372.00 and gave the company an “overweight” rating in a research note on Tuesday, August 26th. Keefe, Bruyette & Woods raised their target price on Jones Lang LaSalle from $317.00 to $345.00 and gave the stock an “outperform” rating in a research report on Thursday, October 9th. The Goldman Sachs Group upped their price target on Jones Lang LaSalle from $361.00 to $407.00 and gave the company a “buy” rating in a research report on Wednesday. Finally, Weiss Ratings reissued a “hold (c+)” rating on shares of Jones Lang LaSalle in a report on Wednesday, October 8th. One equities research analyst has rated the stock with a Strong Buy rating, four have issued a Buy rating and four have assigned a Hold rating to the company. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $340.67.

Insider Activity at Jones Lang LaSalle

In other news, CEO Christian Ulbrich sold 5,000 shares of the business’s stock in a transaction on Tuesday, November 25th. The stock was sold at an average price of $330.33, for a total transaction of $1,651,650.00. Following the completion of the sale, the chief executive officer owned 139,685 shares in the company, valued at $46,142,146.05. The trade was a 3.46% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Company 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.