Bank of New York Mellon Corp Has $93.05 Million Holdings in Jones Lang LaSalle Incorporated $JLL

Bank of New York Mellon Corp decreased its position in shares of Jones Lang LaSalle Incorporated (NYSE:JLL) by 0.8% in the 1st quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 305,753 shares of the financial services provider’s stock after selling 2,547 shares during the quarter. Bank of New York Mellon Corp owned about 0.66% of Jones Lang LaSalle worth $93,047,000 as of its most recent SEC filing.

A number of other institutional investors also recently modified their holdings of the company. State of Michigan Retirement System increased its position in shares of Jones Lang LaSalle by 1.8% during the first quarter. State of Michigan Retirement System now owns 11,311 shares of the financial services provider’s stock worth $3,442,000 after buying an additional 200 shares during the period. Principal Financial Group Inc. lifted its holdings in Jones Lang LaSalle by 279.6% in the first quarter. Principal Financial Group Inc. now owns 429,418 shares of the financial services provider’s stock valued at $130,683,000 after buying an additional 316,299 shares during the period. Procyon Advisors LLC lifted its holdings in Jones Lang LaSalle by 3.6% in the first quarter. Procyon Advisors LLC now owns 1,554 shares of the financial services provider’s stock valued at $473,000 after buying an additional 54 shares during the period. Diversify Wealth Management LLC boosted its position in Jones Lang LaSalle by 39.1% during the first quarter. Diversify Wealth Management LLC now owns 2,251 shares of the financial services provider’s stock valued at $685,000 after acquiring an additional 633 shares during the last quarter. Finally, Citizens Financial Group Inc. RI grew its holdings in Jones Lang LaSalle by 54.4% during the 1st quarter. Citizens Financial Group Inc. RI now owns 1,161 shares of the financial services provider’s stock worth $353,000 after acquiring an additional 409 shares during the period. 94.80% of the stock is owned by institutional investors.

Insider Transactions at Jones Lang LaSalle

In other Jones Lang LaSalle news, Director Larry Quinlan sold 402 shares of the business’s stock in a transaction on Friday, June 12th. The shares were sold at an average price of $301.73, for a total transaction of $121,295.46. Following the completion of the sale, the director owned 4,369 shares in the company, valued at approximately $1,318,258.37. The trade was a 8.43% decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders own 0.91% of the company’s stock.

Wall Street Analyst Weigh In

A number of research analysts have recently issued reports on the company. Zacks Research raised Jones Lang LaSalle from a “hold” rating to a “strong-buy” rating in a research note on Wednesday, June 24th. Weiss Ratings cut Jones Lang LaSalle from a “buy (b)” rating to a “buy (b-)” rating in a research note on Thursday, May 28th. Barclays lifted their target price on Jones Lang LaSalle from $348.00 to $366.00 and gave the stock an “equal weight” rating in a report on Wednesday, May 13th. Finally, UBS Group increased their price target on Jones Lang LaSalle from $425.00 to $445.00 and gave the stock a “buy” rating in a report on Wednesday, April 22nd. One analyst has rated the stock with a Strong Buy rating, five have given a Buy rating and one has given a Hold rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Buy” and a consensus target price of $394.00.

Jones Lang LaSalle Stock Performance

Shares of JLL opened at $324.55 on Wednesday. Jones Lang LaSalle Incorporated has a one year low of $253.21 and a one year high of $363.06. The company has a market cap of $15.06 billion, a PE ratio of 17.45 and a beta of 1.27. The stock has a 50-day moving average of $305.27 and a 200-day moving average of $317.56. The company has a debt-to-equity ratio of 0.15, a current ratio of 2.35 and a quick ratio of 2.35.

Jones Lang LaSalle (NYSE:JLL) last announced its quarterly earnings results on Thursday, April 30th. The financial services provider reported $3.43 earnings per share (EPS) for the quarter, topping the consensus estimate of $3.01 by $0.42. The business had revenue of $6.39 billion for the quarter, compared to analyst estimates of $6 billion. Jones Lang LaSalle had a return on equity of 13.01% and a net margin of 3.35%.The company’s quarterly revenue was up 11.1% on a year-over-year basis. During the same quarter in the prior year, the company earned $2.31 earnings per share. On average, equities research analysts predict that Jones Lang LaSalle Incorporated will post 22.83 EPS for the current fiscal year.

Jones Lang LaSalle Company 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.