Harbor Capital Advisors Inc. Sells 1,990 Shares of Jones Lang LaSalle Incorporated $JLL

Harbor Capital Advisors Inc. cut its stake in Jones Lang LaSalle Incorporated (NYSE:JLL) by 42.5% in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 2,688 shares of the financial services provider’s stock after selling 1,990 shares during the quarter. Harbor Capital Advisors Inc.’s holdings in Jones Lang LaSalle were worth $904,000 at the end of the most recent quarter.

A number of other large investors have also recently modified their holdings of JLL. Sunbelt Securities Inc. bought a new position in Jones Lang LaSalle in the third quarter worth about $25,000. Caldwell Trust Co bought a new stake in Jones Lang LaSalle during the 2nd quarter valued at approximately $38,000. Chilton Capital Management LLC grew its holdings in shares of Jones Lang LaSalle by 33.0% during the 3rd quarter. Chilton Capital Management LLC now owns 133 shares of the financial services provider’s stock worth $40,000 after acquiring an additional 33 shares during the period. Quent Capital LLC bought a new position in shares of Jones Lang LaSalle in the 3rd quarter worth approximately $41,000. Finally, Root Financial Partners LLC purchased a new position in shares of Jones Lang LaSalle in the 3rd quarter valued at approximately $44,000. Institutional investors own 94.80% of the company’s stock.

Insider Buying and Selling

In related news, CEO Richard Bloxam sold 5,440 shares of the stock in a transaction that occurred on Tuesday, March 24th. The shares were sold at an average price of $296.94, for a total transaction of $1,615,353.60. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, Director Deborah H. Mcaneny sold 2,500 shares of Jones Lang LaSalle stock in a transaction that occurred on Tuesday, March 10th. The stock was sold at an average price of $300.50, for a total transaction of $751,250.00. Following the completion of the sale, the director directly owned 14,985 shares of the company’s stock, valued at approximately $4,502,992.50. This trade represents a 14.30% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. 0.91% of the stock is owned by corporate insiders.

Jones Lang LaSalle Trading Down 0.1%

Shares of NYSE:JLL opened at $305.75 on Monday. The company has a debt-to-equity ratio of 0.10, a current ratio of 2.23 and a quick ratio of 2.23. Jones Lang LaSalle Incorporated has a 1 year low of $194.36 and a 1 year high of $363.06. The company has a market cap of $14.32 billion, a P/E ratio of 18.63 and a beta of 1.41. The stock’s fifty day moving average price is $313.12 and its 200-day moving average price is $317.50.

Jones Lang LaSalle (NYSE:JLL) last released its quarterly earnings data on Wednesday, February 18th. The financial services provider reported $8.71 EPS for the quarter, topping the consensus estimate of $7.25 by $1.46. The company had revenue of $7.61 billion during the quarter, compared to the consensus estimate of $7.45 billion. Jones Lang LaSalle had a return on equity of 12.50% and a net margin of 3.03%.Jones Lang LaSalle’s revenue for the quarter was up 11.7% on a year-over-year basis. During the same period last year, the company earned $6.15 EPS. Sell-side analysts expect that Jones Lang LaSalle Incorporated will post 16.45 earnings per share for the current year.

Analysts Set New Price Targets

JLL has been the topic of several recent research reports. Keefe, Bruyette & Woods reduced their price target on Jones Lang LaSalle from $405.00 to $380.00 and set an “outperform” rating on the stock in a research note on Tuesday, February 24th. Zacks Research raised Jones Lang LaSalle from a “hold” rating to a “strong-buy” rating in a research report on Friday, February 20th. UBS Group boosted their target price on shares of Jones Lang LaSalle from $410.00 to $425.00 and gave the company a “buy” rating in a report on Monday, February 23rd. Weiss Ratings upgraded shares of Jones Lang LaSalle from a “hold (c+)” rating to a “buy (b-)” rating in a research note on Friday, February 20th. Finally, Barclays lowered their price target on shares of Jones Lang LaSalle from $360.00 to $355.00 and set an “equal weight” rating for the company in a research report on Friday, March 13th. One research analyst has rated the stock with a Strong Buy rating, five have issued a Buy rating and three have assigned a Hold rating to the company. According to MarketBeat.com, Jones Lang LaSalle presently has an average rating of “Moderate Buy” and a consensus price target of $363.17.

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.