Jones Lang LaSalle Incorporated $JLL Holdings Lowered by Meeder Asset Management Inc.

Meeder Asset Management Inc. lowered its stake in Jones Lang LaSalle Incorporated (NYSE:JLL) by 82.1% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 3,659 shares of the financial services provider’s stock after selling 16,763 shares during the quarter. Meeder Asset Management Inc.’s holdings in Jones Lang LaSalle were worth $1,114,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds also recently bought and sold shares of the company. Meeder Advisory Services Inc. boosted its holdings in shares of Jones Lang LaSalle by 41.3% in the first quarter. Meeder Advisory Services Inc. now owns 903 shares of the financial services provider’s stock worth $275,000 after buying an additional 264 shares during the period. AlphaCentric Advisors LLC acquired a new stake in shares of Jones Lang LaSalle during the first quarter valued at approximately $87,000. KBC Group NV lifted its position in shares of Jones Lang LaSalle by 7.0% in the 1st quarter. KBC Group NV now owns 36,621 shares of the financial services provider’s stock valued at $11,145,000 after acquiring an additional 2,405 shares in the last quarter. SEB Asset Management AB acquired a new position in Jones Lang LaSalle in the 1st quarter worth approximately $19,821,000. Finally, California Public Employees Retirement System boosted its stake in Jones Lang LaSalle by 8.7% in the 1st quarter. California Public Employees Retirement System now owns 102,045 shares of the financial services provider’s stock worth $31,054,000 after purchasing an additional 8,153 shares during the period. 94.80% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

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

Jones Lang LaSalle Stock Performance

Shares of JLL opened at $325.73 on Tuesday. The company has a market capitalization of $15.11 billion, a PE ratio of 17.51 and a beta of 1.27. The company has a debt-to-equity ratio of 0.15, a quick ratio of 2.35 and a current ratio of 2.35. The company’s 50 day moving average price is $305.10 and its 200 day moving average price is $317.65. Jones Lang LaSalle Incorporated has a 52 week low of $253.21 and a 52 week high of $363.06.

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

Insider Transactions at Jones Lang LaSalle

In related news, Director Larry Quinlan sold 402 shares of Jones Lang LaSalle stock in a transaction on Friday, June 12th. The stock was 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 of the company’s stock, valued at approximately $1,318,258.37. This trade represents a 8.43% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible 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.

About Jones Lang LaSalle

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.