Sapient Capital LLC Sells 1,509 Shares of Jones Lang LaSalle Incorporated $JLL

Sapient Capital LLC lessened its holdings in Jones Lang LaSalle Incorporated (NYSE:JLL) by 49.3% in the first quarter, HoldingsChannel reports. The institutional investor owned 1,552 shares of the financial services provider’s stock after selling 1,509 shares during the quarter. Sapient Capital LLC’s holdings in Jones Lang LaSalle were worth $472,000 at the end of the most recent reporting period.

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

Wall Street Analysts Forecast Growth

Several research firms have commented on JLL. Keefe, Bruyette & Woods increased their price objective on shares of Jones Lang LaSalle from $375.00 to $415.00 and gave the company an “outperform” rating in a report on Monday. Zacks Research downgraded Jones Lang LaSalle from a “strong-buy” rating to a “hold” rating in a research report on Thursday, July 23rd. Raymond James Financial restated a “strong-buy” rating and set a $500.00 price target on shares of Jones Lang LaSalle in a report on Thursday, July 30th. Barclays lifted their price objective on Jones Lang LaSalle from $366.00 to $368.00 and gave the stock an “equal weight” rating in a research note on Tuesday, July 28th. Finally, Weiss Ratings downgraded Jones Lang LaSalle from a “buy (b)” rating to a “buy (b-)” rating in a research report on Thursday, May 28th. One analyst has rated the stock with a Strong Buy rating, five have assigned a Buy rating and two have issued a Hold rating to the stock. According to MarketBeat, Jones Lang LaSalle presently has a consensus rating of “Moderate Buy” and an average price target of $417.83.

Insider Activity

In related news, Director Larry Quinlan sold 402 shares of the business’s stock in a transaction on Friday, June 12th. The stock was sold at an average price of $301.73, for a total transaction of $121,295.46. Following the completion of the transaction, the director owned 4,369 shares in the company, valued at $1,318,258.37. The trade was a 8.43% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Corporate insiders own 0.91% of the company’s stock.

Jones Lang LaSalle Trading Up 0.4%

JLL stock opened at $367.69 on Wednesday. Jones Lang LaSalle Incorporated has a twelve month low of $259.83 and a twelve month high of $369.95. The stock has a market capitalization of $16.92 billion, a price-to-earnings ratio of 17.62 and a beta of 1.25. The company has a quick ratio of 2.40, a current ratio of 2.40 and a debt-to-equity ratio of 0.15. The firm’s fifty day simple moving average is $315.56 and its two-hundred day simple moving average is $317.43.

Jones Lang LaSalle (NYSE:JLL) last released its earnings results on Thursday, July 30th. The financial services provider reported $5.26 earnings per share (EPS) for the quarter, topping the consensus estimate of $4.56 by $0.70. The firm had revenue of $6.93 billion during the quarter, compared to analyst estimates of $6.88 billion. Jones Lang LaSalle had a net margin of 3.64% and a return on equity of 13.99%. The business’s revenue was up 10.8% on a year-over-year basis. During the same quarter last year, the business earned $3.30 EPS. As a group, analysts anticipate that Jones Lang LaSalle Incorporated will post 24.18 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.