Family Manage LLC Sells 17,972 Shares of Jones Lang LaSalle Incorporated $JLL

Family Manage LLC reduced its holdings in Jones Lang LaSalle Incorporated (NYSE:JLL) by 93.3% during the first quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 1,296 shares of the financial services provider’s stock after selling 17,972 shares during the quarter. Family Manage LLC’s holdings in Jones Lang LaSalle were worth $394,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently made changes to their positions in JLL. Sunbelt Securities Inc. bought a new position in Jones Lang LaSalle in the 3rd quarter worth $25,000. International Assets Investment Management LLC purchased a new stake in shares of Jones Lang LaSalle in the 4th quarter worth about $29,000. Activest Wealth Management boosted its stake in shares of Jones Lang LaSalle by 1,720.0% during the 4th quarter. Activest Wealth Management now owns 91 shares of the financial services provider’s stock valued at $31,000 after purchasing an additional 86 shares in the last quarter. Hilton Head Capital Partners LLC purchased a new position in shares of Jones Lang LaSalle during the fourth quarter valued at about $35,000. Finally, Bayforest Capital Ltd purchased a new stake in Jones Lang LaSalle in the fourth quarter worth about $55,000. Institutional investors own 94.80% of the company’s stock.

Analyst Ratings Changes

A number of research analysts have weighed in on JLL shares. Weiss Ratings downgraded Jones Lang LaSalle from a “buy (b)” rating to a “buy (b-)” rating in a report on Thursday, May 28th. Barclays lifted their price target on shares of Jones Lang LaSalle from $348.00 to $366.00 and gave the company an “equal weight” rating in a research report on Wednesday, May 13th. Zacks Research cut shares of Jones Lang LaSalle from a “strong-buy” rating to a “hold” rating in a report on Thursday, July 23rd. Finally, UBS Group raised their target price on shares of Jones Lang LaSalle from $425.00 to $445.00 and gave the company a “buy” rating in a research note on Wednesday, April 22nd. Five investment analysts have rated the stock with a Buy rating and two have given a Hold rating to the company. According to MarketBeat.com, Jones Lang LaSalle presently has a consensus rating of “Moderate Buy” and a consensus target price of $394.00.

Insider Buying and Selling at Jones Lang LaSalle

In related news, Director Larry Quinlan sold 402 shares of the firm’s stock in a transaction that occurred 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 of the company’s stock, valued at $1,318,258.37. This trade represents a 8.43% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. 0.91% of the stock is owned by company insiders.

Jones Lang LaSalle Price Performance

JLL opened at $333.42 on Tuesday. The firm has a market cap of $15.47 billion, a PE ratio of 17.93 and a beta of 1.27. The stock has a 50-day moving average price of $307.76 and a 200-day moving average price of $317.07. Jones Lang LaSalle Incorporated has a 1 year low of $259.83 and a 1 year high of $363.06. 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 released its quarterly earnings data on Thursday, April 30th. The financial services provider reported $3.43 earnings per share for the quarter, beating analysts’ consensus estimates of $3.01 by $0.42. The business had revenue of $6.39 billion during the quarter, compared to analyst estimates of $6 billion. Jones Lang LaSalle had a net margin of 3.35% and a return on equity of 13.01%. Jones Lang LaSalle’s revenue was up 11.1% compared to the same quarter last year. During the same period last year, the business earned $2.31 EPS. Sell-side analysts predict that Jones Lang LaSalle Incorporated will post 22.86 earnings per share for the current fiscal year.

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.