UBS Group AG Cuts Stock Position in Jones Lang LaSalle Incorporated $JLL

UBS Group AG decreased its holdings in shares of Jones Lang LaSalle Incorporated (NYSE:JLL) by 58.5% during the fourth quarter, HoldingsChannel reports. The institutional investor owned 63,729 shares of the financial services provider’s stock after selling 89,670 shares during the period. UBS Group AG’s holdings in Jones Lang LaSalle were worth $21,443,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Sunbelt Securities Inc. purchased a new position in Jones Lang LaSalle during the third quarter valued at $25,000. Chilton Capital Management LLC raised its position 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 purchasing an additional 33 shares during the last quarter. True Wealth Design LLC lifted its stake in Jones Lang LaSalle by 13,200.0% in the 4th quarter. True Wealth Design LLC now owns 133 shares of the financial services provider’s stock valued at $45,000 after buying an additional 132 shares in the last quarter. Quent Capital LLC acquired a new stake in Jones Lang LaSalle in the 3rd quarter worth about $41,000. Finally, Root Financial Partners LLC purchased a new stake in Jones Lang LaSalle during the 3rd quarter worth approximately $44,000. Hedge funds and other institutional investors own 94.80% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities analysts have recently weighed in on JLL shares. Keefe, Bruyette & Woods decreased their target price on Jones Lang LaSalle from $405.00 to $380.00 and set an “outperform” rating on the stock in a research report on Tuesday, February 24th. Weiss Ratings raised Jones Lang LaSalle from a “hold (c+)” rating to a “buy (b-)” rating in a research note on Friday, February 20th. Zacks Research cut shares of Jones Lang LaSalle from a “strong-buy” rating to a “hold” rating in a research note on Friday, April 24th. Barclays reduced their target price on shares of Jones Lang LaSalle from $355.00 to $348.00 and set an “equal weight” rating for the company in a research report on Tuesday, April 14th. Finally, UBS Group raised their price target on shares of Jones Lang LaSalle from $425.00 to $445.00 and gave the stock a “buy” rating in a research note on Wednesday, April 22nd. Five research analysts have rated the stock with a Buy rating and four have given a Hold rating to the company’s stock. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus price target of $365.33.

Insider Activity

In other Jones Lang LaSalle news, CEO Richard Bloxam sold 5,440 shares of Jones Lang LaSalle stock in a transaction dated 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 can be accessed through the SEC website. Also, Director Deborah H. Mcaneny sold 2,500 shares of the stock in a transaction that occurred on Tuesday, March 10th. The shares were 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. Insiders own 0.91% of the company’s stock.

Jones Lang LaSalle Price Performance

JLL stock opened at $323.35 on Tuesday. Jones Lang LaSalle Incorporated has a 1 year low of $211.86 and a 1 year high of $363.06. The firm has a market capitalization of $15.00 billion, a PE ratio of 17.38 and a beta of 1.34. The company has a debt-to-equity ratio of 0.15, a current ratio of 2.35 and a quick ratio of 2.35. The business has a 50 day simple moving average of $315.40 and a 200-day simple moving average of $322.72.

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, topping analysts’ consensus estimates 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 for the quarter, compared to analyst estimates of $6 billion. During the same quarter in the previous year, the company posted $2.31 earnings per share. The firm’s revenue for the quarter was up 11.1% compared to the same quarter last year. Equities research analysts anticipate that Jones Lang LaSalle Incorporated will post 22.35 earnings per share for the current fiscal year.

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.