Jones Lang LaSalle Incorporated $JLL Shares Sold by ABN Amro Investment Solutions

ABN Amro Investment Solutions lessened its position in shares of Jones Lang LaSalle Incorporated (NYSE:JLL) by 32.5% in the 3rd quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 16,570 shares of the financial services provider’s stock after selling 7,990 shares during the period. ABN Amro Investment Solutions’ holdings in Jones Lang LaSalle were worth $4,942,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also modified their holdings of the company. Integrated Wealth Concepts LLC purchased a new position in Jones Lang LaSalle in the first quarter valued at $546,000. Empowered Funds LLC boosted its position in shares of Jones Lang LaSalle by 203.1% during the 1st quarter. Empowered Funds LLC now owns 4,046 shares of the financial services provider’s stock worth $1,003,000 after acquiring an additional 2,711 shares in the last quarter. Sequoia Financial Advisors LLC increased its holdings in shares of Jones Lang LaSalle by 83.7% in the 2nd quarter. Sequoia Financial Advisors LLC now owns 2,663 shares of the financial services provider’s stock valued at $681,000 after acquiring an additional 1,213 shares during the last quarter. Envestnet Portfolio Solutions Inc. raised its position in shares of Jones Lang LaSalle by 41.9% during the 2nd quarter. Envestnet Portfolio Solutions Inc. now owns 4,165 shares of the financial services provider’s stock worth $1,065,000 after acquiring an additional 1,230 shares in the last quarter. Finally, Nordea Investment Management AB lifted its stake in Jones Lang LaSalle by 5.7% during the second quarter. Nordea Investment Management AB now owns 193,901 shares of the financial services provider’s stock worth $49,389,000 after purchasing an additional 10,527 shares during the last quarter. 94.80% of the stock is currently owned by institutional investors and hedge funds.

Jones Lang LaSalle Trading Up 3.1%

NYSE JLL opened at $288.71 on Monday. The firm’s fifty day moving average is $340.58 and its two-hundred day moving average is $315.89. Jones Lang LaSalle Incorporated has a one year low of $194.36 and a one year high of $363.06. The company has a debt-to-equity ratio of 0.13, a quick ratio of 2.31 and a current ratio of 2.31. The firm has a market cap of $13.62 billion, a PE ratio of 22.14 and a beta of 1.42.

Analyst Upgrades and Downgrades

Several equities analysts have commented on the stock. Weiss Ratings reiterated a “hold (c+)” rating on shares of Jones Lang LaSalle in a research note on Thursday, January 22nd. Keefe, Bruyette & Woods increased their target price on shares of Jones Lang LaSalle from $390.00 to $405.00 and gave the company an “outperform” rating in a research report on Thursday, January 8th. Wall Street Zen raised shares of Jones Lang LaSalle from a “buy” rating to a “strong-buy” rating in a research report on Sunday, January 11th. Barclays assumed coverage on Jones Lang LaSalle in a report on Tuesday, December 2nd. They set an “equal weight” rating and a $351.00 price objective on the stock. Finally, UBS Group lifted their target price on Jones Lang LaSalle from $360.00 to $410.00 and gave the stock a “buy” rating in a research report on Wednesday, January 28th. Four research analysts have rated the stock with a Buy rating and five have issued a Hold rating to the company. According to MarketBeat, the company presently has an average rating of “Hold” and a consensus target price of $364.17.

Insider Buying and Selling

In other Jones Lang LaSalle news, CEO Christian Ulbrich sold 96 shares of Jones Lang LaSalle stock in a transaction that occurred on Thursday, December 11th. The stock was sold at an average price of $332.18, for a total value of $31,889.28. Following the transaction, the chief executive officer directly owned 114,685 shares in the company, valued at approximately $38,096,063.30. This trade represents a 0.08% decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Over the last ninety days, insiders sold 20,000 shares of company stock worth $6,609,091. 0.91% of the stock is owned by corporate insiders.

Jones Lang LaSalle Profile

Jones Lang LaSalle Incorporated (NYSE: JLL) is a leading professional services firm specializing in real estate and investment management. The company provides a broad range of services including leasing, advisory, property and asset management, capital markets, project and development services, and valuation. Through its integrated platform, JLL serves corporate occupiers, institutional investors, real estate owners and developers, offering tailored solutions that span the entire real estate lifecycle.

Founded in 1783 in London as Jones Lang Wootton, the firm established a reputation for expertise in property management and brokerage.