Dimensional Fund Advisors LP Decreases Position in Jones Lang LaSalle Incorporated $JLL

Dimensional Fund Advisors LP decreased its holdings in Jones Lang LaSalle Incorporated (NYSE:JLL) by 12.2% in the first quarter, Holdings Channel reports. The firm owned 853,942 shares of the financial services provider’s stock after selling 118,706 shares during the period. Dimensional Fund Advisors LP’s holdings in Jones Lang LaSalle were worth $259,855,000 as of its most recent SEC filing.

Several other hedge funds also recently added to or reduced their stakes in the business. M&T Bank Corp raised its stake in Jones Lang LaSalle by 184,969.0% in the fourth quarter. M&T Bank Corp now owns 3,864,241 shares of the financial services provider’s stock valued at $1,300,201,000 after buying an additional 3,862,153 shares during the last quarter. Price T Rowe Associates Inc. MD grew its stake in shares of Jones Lang LaSalle by 17.8% during the fourth quarter. Price T Rowe Associates Inc. MD now owns 1,180,514 shares of the financial services provider’s stock worth $397,209,000 after acquiring an additional 178,677 shares during the last quarter. Swedbank AB increased its holdings in shares of Jones Lang LaSalle by 0.5% during the fourth quarter. Swedbank AB now owns 993,742 shares of the financial services provider’s stock valued at $334,364,000 after acquiring an additional 4,543 shares in the last quarter. Geode Capital Management LLC raised its position in shares of Jones Lang LaSalle by 1.6% in the 4th quarter. Geode Capital Management LLC now owns 990,836 shares of the financial services provider’s stock valued at $333,451,000 after purchasing an additional 15,995 shares during the last quarter. Finally, AQR Capital Management LLC boosted its stake in Jones Lang LaSalle by 426.7% in the 4th quarter. AQR Capital Management LLC now owns 899,625 shares of the financial services provider’s stock worth $302,697,000 after purchasing an additional 728,824 shares in the last quarter. 94.80% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling

In related news, Director Larry Quinlan sold 402 shares of the firm’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 sale, the director owned 4,369 shares in the company, 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 filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Corporate insiders own 0.91% of the company’s stock.

Wall Street Analysts Forecast Growth

Several analysts have weighed in on JLL shares. Barclays boosted their target price on shares of Jones Lang LaSalle from $348.00 to $366.00 and gave the stock an “equal weight” rating in a research report on Wednesday, May 13th. 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 boosted their price objective on shares of Jones Lang LaSalle from $425.00 to $445.00 and gave the company a “buy” rating in a report on Wednesday, April 22nd. Finally, Zacks Research raised Jones Lang LaSalle from a “hold” rating to a “strong-buy” rating in a research report on Wednesday, June 24th. One analyst has rated the stock with a Strong Buy rating, five have assigned a Buy rating and one has given a Hold rating to the stock. According to data from MarketBeat, the company currently has a consensus rating of “Buy” and a consensus price target of $394.00.

Jones Lang LaSalle Stock Down 0.1%

Shares of JLL opened at $324.07 on Thursday. The company has a market capitalization of $15.03 billion, a price-to-earnings ratio of 17.42 and a beta of 1.27. Jones Lang LaSalle Incorporated has a 52 week low of $258.19 and a 52 week high of $363.06. The stock’s 50-day moving average price is $305.54 and its 200-day moving average price is $317.48. The company has a quick ratio of 2.35, a current ratio of 2.35 and a debt-to-equity ratio of 0.15.

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 for the quarter, beating the consensus estimate of $3.01 by $0.42. Jones Lang LaSalle had a return on equity of 13.01% and a net margin of 3.35%.The company had revenue of $6.39 billion during the quarter, compared to analysts’ expectations of $6 billion. During the same period last year, the business earned $2.31 earnings per share. Jones Lang LaSalle’s quarterly revenue was up 11.1% on a year-over-year basis. On average, sell-side analysts predict that Jones Lang LaSalle Incorporated will post 22.83 EPS for the current 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.