Great West Life Assurance Co. Can Sells 7,354 Shares of Jones Lang LaSalle Incorporated (NYSE:JLL)

Great West Life Assurance Co. Can reduced its position in Jones Lang LaSalle Incorporated (NYSE:JLL) by 15.3% in the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 40,805 shares of the financial services provider’s stock after selling 7,354 shares during the quarter. Great West Life Assurance Co. Can owned about 0.08% of Jones Lang LaSalle worth $7,276,000 at the end of the most recent quarter.

Several other hedge funds have also recently added to or reduced their stakes in the company. Crossmark Global Holdings Inc. boosted its position in shares of Jones Lang LaSalle by 1.5% in the first quarter. Crossmark Global Holdings Inc. now owns 4,594 shares of the financial services provider’s stock valued at $823,000 after acquiring an additional 70 shares during the period. Grant Street Asset Management Inc. bought a new position in shares of Jones Lang LaSalle in the first quarter valued at approximately $25,000. Arkadios Wealth Advisors bought a new position in shares of Jones Lang LaSalle in the first quarter valued at approximately $31,000. Wealth Enhancement Advisory Services LLC boosted its position in shares of Jones Lang LaSalle by 2.5% in the first quarter. Wealth Enhancement Advisory Services LLC now owns 7,474 shares of the financial services provider’s stock valued at $1,364,000 after acquiring an additional 184 shares during the period. Finally, Stifel Financial Corp raised its stake in Jones Lang LaSalle by 3.1% in the first quarter. Stifel Financial Corp now owns 6,406 shares of the financial services provider’s stock valued at $1,147,000 after purchasing an additional 190 shares in the last quarter. Institutional investors own 94.96% of the company’s stock.

In other news, CEO Richard Bloxam sold 1,500 shares of the firm’s stock in a transaction on Monday, May 17th. The stock was sold at an average price of $200.04, for a total transaction of $300,060.00. Following the sale, the chief executive officer now owns 12,111 shares in the company, valued at $2,422,684.44. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Louis F. Bowers sold 521 shares of the firm’s stock in a transaction on Wednesday, June 16th. The stock was sold at an average price of $206.08, for a total value of $107,367.68. The disclosure for this sale can be found here. 0.62% of the stock is owned by company insiders.

Several research analysts have commented on the stock. JPMorgan Chase & Co. lifted their price target on shares of Jones Lang LaSalle from $200.00 to $219.00 and gave the stock an “overweight” rating in a research note on Thursday, May 6th. Zacks Investment Research cut shares of Jones Lang LaSalle from a “buy” rating to a “hold” rating and set a $204.00 target price on the stock. in a report on Monday. Wolfe Research began coverage on Jones Lang LaSalle in a research report on Monday, June 14th. They set an “outperform” rating on the stock. Finally, Raymond James raised their price objective on Jones Lang LaSalle from $186.00 to $198.00 and gave the stock an “outperform” rating in a research note on Tuesday, April 27th. Two investment analysts have rated the stock with a hold rating and five have given a buy rating to the stock. The company currently has a consensus rating of “Buy” and a consensus price target of $175.83.

Shares of NYSE JLL opened at $201.05 on Thursday. The firm has a 50-day moving average price of $200.83. The company has a current ratio of 2.17, a quick ratio of 2.17 and a debt-to-equity ratio of 0.18. The firm has a market cap of $10.32 billion, a PE ratio of 17.58, a PEG ratio of 1.77 and a beta of 1.38. Jones Lang LaSalle Incorporated has a 52-week low of $87.67 and a 52-week high of $212.95.

Jones Lang LaSalle (NYSE:JLL) last announced its earnings results on Wednesday, May 5th. The financial services provider reported $2.10 EPS for the quarter, beating analysts’ consensus estimates of $0.66 by $1.44. The firm had revenue of $2.13 billion for the quarter, compared to analysts’ expectations of $2 billion. Jones Lang LaSalle had a return on equity of 10.66% and a net margin of 3.03%. Jones Lang LaSalle’s quarterly revenue was down 4.6% on a year-over-year basis. During the same quarter in the prior year, the firm earned $0.49 EPS. As a group, research analysts forecast that Jones Lang LaSalle Incorporated will post 12.25 EPS for the current year.

About Jones Lang LaSalle

Jones Lang LaSalle Incorporated, a professional services company, provides real estate and investment management services in America's, Europe, the Middle East, Africa, and the Asia Pacific. The company offers a range of real estate services, including agency leasing and tenant representation services; and capital market services, such as debt placement, loan sales, equity placement, loan servicing, funds advisory, merger and acquisition, corporate advisory, and investment sales and acquisitions services.

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Institutional Ownership by Quarter for Jones Lang LaSalle (NYSE:JLL)

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