First National Bank of Omaha Sells 4,405 Shares of Jones Lang LaSalle Incorporated $JLL

First National Bank of Omaha lowered its position in Jones Lang LaSalle Incorporated (NYSE:JLL) by 15.6% in the 4th quarter, HoldingsChannel reports. The institutional investor owned 23,773 shares of the financial services provider’s stock after selling 4,405 shares during the quarter. First National Bank of Omaha’s holdings in Jones Lang LaSalle were worth $7,999,000 at the end of the most recent reporting period.

Several other hedge funds also recently bought and sold shares of the company. Martingale Asset Management L P bought a new position in Jones Lang LaSalle in the 4th quarter worth $610,000. Milford Funds Ltd. bought a new position in Jones Lang LaSalle in the 4th quarter worth $86,117,000. Wealthspire Advisors LLC boosted its holdings in Jones Lang LaSalle by 21.3% in the 4th quarter. Wealthspire Advisors LLC now owns 1,083 shares of the financial services provider’s stock worth $364,000 after buying an additional 190 shares during the period. Castleark Management LLC boosted its holdings in Jones Lang LaSalle by 4.3% in the 4th quarter. Castleark Management LLC now owns 11,271 shares of the financial services provider’s stock worth $3,792,000 after buying an additional 460 shares during the period. Finally, Advisors Asset Management Inc. boosted its holdings in shares of Jones Lang LaSalle by 2,610.6% during the 4th quarter. Advisors Asset Management Inc. now owns 3,849 shares of the financial services provider’s stock valued at $1,295,000 after purchasing an additional 3,707 shares during the last quarter. Institutional investors own 94.80% of the company’s stock.

Jones Lang LaSalle Stock Up 0.5%

Shares of NYSE:JLL opened at $299.31 on Friday. The company has a current ratio of 2.35, a quick ratio of 2.35 and a debt-to-equity ratio of 0.15. Jones Lang LaSalle Incorporated has a 12 month low of $233.14 and a 12 month high of $363.06. The company has a 50-day moving average price of $311.99 and a 200 day moving average price of $320.95. The company has a market cap of $13.88 billion, a price-to-earnings ratio of 16.09 and a beta of 1.29.

Jones Lang LaSalle (NYSE:JLL) last announced its quarterly earnings results on Thursday, April 30th. The financial services provider reported $3.43 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 firm had revenue of $6.39 billion during the quarter, compared to the consensus estimate of $6 billion. During the same quarter last year, the firm earned $2.31 EPS. The firm’s revenue for the quarter was up 11.1% compared to the same quarter last year. As a group, equities research analysts predict that Jones Lang LaSalle Incorporated will post 22.8 earnings per share for the current year.

Insider Transactions at Jones Lang LaSalle

In related news, CEO Richard Bloxam sold 5,440 shares of the stock in a transaction dated Tuesday, March 24th. The shares were sold at an average price of $296.94, for a total value of $1,615,353.60. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Larry Quinlan sold 403 shares of the stock in a transaction dated Friday, June 5th. The shares were sold at an average price of $295.14, for a total transaction of $118,941.42. Following the completion of the transaction, the director directly owned 4,771 shares of the company’s stock, valued at approximately $1,408,112.94. The trade was a 7.79% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. 0.91% of the stock is currently owned by company insiders.

Wall Street Analysts Forecast Growth

Several research analysts have commented on the stock. Zacks Research downgraded shares of Jones Lang LaSalle from a “strong-buy” rating to a “hold” rating in a report on Friday, April 24th. Barclays increased their price objective on shares of Jones Lang LaSalle from $348.00 to $366.00 and gave the company an “equal weight” rating in a report on Wednesday, May 13th. UBS Group increased 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. Keefe, Bruyette & Woods dropped their price objective on shares of Jones Lang LaSalle from $405.00 to $380.00 and set an “outperform” rating for the company in a report on Tuesday, February 24th. Finally, Weiss Ratings downgraded shares of Jones Lang LaSalle from a “buy (b)” rating to a “buy (b-)” rating in a report on Thursday, May 28th. Five analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company. Based on data from MarketBeat, Jones Lang LaSalle presently has a consensus rating of “Moderate Buy” and a consensus price target of $394.00.

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.