Legal & General Group Plc Has $36.17 Million Position in Jones Lang LaSalle Incorporated $JLL

Legal & General Group Plc reduced its stake in shares of Jones Lang LaSalle Incorporated (NYSE:JLL) by 15.1% in the 4th quarter, HoldingsChannel.com reports. The firm owned 107,489 shares of the financial services provider’s stock after selling 19,159 shares during the quarter. Legal & General Group Plc’s holdings in Jones Lang LaSalle were worth $36,167,000 as of its most recent SEC filing.

Several other institutional investors have also made changes to their positions in the stock. New Age Alpha Advisors LLC boosted its holdings in shares of Jones Lang LaSalle by 5.7% during the fourth quarter. New Age Alpha Advisors LLC now owns 20,054 shares of the financial services provider’s stock worth $6,748,000 after purchasing an additional 1,090 shares during the period. Hantz Financial Services Inc. boosted its holdings in shares of Jones Lang LaSalle by 91.2% during the fourth quarter. Hantz Financial Services Inc. now owns 1,407 shares of the financial services provider’s stock worth $473,000 after purchasing an additional 671 shares during the period. Coldstream Capital Management Inc. boosted its holdings in shares of Jones Lang LaSalle by 31.2% during the fourth quarter. Coldstream Capital Management Inc. now owns 1,472 shares of the financial services provider’s stock worth $495,000 after purchasing an additional 350 shares during the period. Life Cycle Investment Partners Ltd bought a new position in Jones Lang LaSalle during the fourth quarter valued at approximately $37,109,000. Finally, Jefferies Financial Group Inc. bought a new position in Jones Lang LaSalle during the fourth quarter valued at approximately $366,000. 94.80% of the stock is currently owned by institutional investors and hedge funds.

Insiders Place Their Bets

In other news, CEO Richard Bloxam sold 5,440 shares of the business’s stock in a transaction on 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 legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Deborah H. Mcaneny sold 2,500 shares of the business’s stock in a transaction on Tuesday, March 10th. The stock was sold at an average price of $300.50, for a total transaction of $751,250.00. Following the completion of the sale, the director owned 14,985 shares of the company’s stock, valued at $4,502,992.50. The trade was a 14.30% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. 0.91% of the stock is currently owned by insiders.

Analyst Ratings Changes

Several equities analysts recently weighed in on the stock. Keefe, Bruyette & Woods cut their price objective on shares of 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. UBS Group raised their price objective on shares of Jones Lang LaSalle from $425.00 to $445.00 and gave the company a “buy” rating in a research report on Wednesday, April 22nd. Zacks Research lowered shares of Jones Lang LaSalle from a “strong-buy” rating to a “hold” rating in a research report on Friday, April 24th. Barclays raised 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 research report on Wednesday, May 13th. Finally, Weiss Ratings lowered shares of Jones Lang LaSalle from a “buy (b)” rating to a “buy (b-)” rating in a research report on Thursday. Five equities research analysts have rated the stock with a Buy rating and three have issued a Hold rating to the stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $394.00.

Jones Lang LaSalle Price Performance

Shares of Jones Lang LaSalle stock opened at $282.18 on Friday. The firm has a fifty day simple moving average of $312.49 and a 200-day simple moving average of $321.43. 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 1-year low of $217.21 and a 1-year high of $363.06. The stock has a market capitalization of $13.09 billion, a price-to-earnings ratio of 15.17 and a beta of 1.34.

Jones Lang LaSalle (NYSE:JLL) last issued 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 net margin of 3.35% and a return on equity of 13.01%. The business had revenue of $6.39 billion during the quarter, compared to analysts’ expectations of $6 billion. During the same period in the previous year, the company earned $2.31 earnings per share. Jones Lang LaSalle’s revenue for the quarter was up 11.1% on a year-over-year basis. On average, sell-side analysts expect that Jones Lang LaSalle Incorporated will post 22.61 earnings per share for the current 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.