Nisa Investment Advisors LLC Sells 7,848 Shares of Jones Lang LaSalle Incorporated $JLL

Nisa Investment Advisors LLC lowered its holdings in Jones Lang LaSalle Incorporated (NYSE:JLL) by 36.5% in the 4th quarter, according to the company in its most recent filing with the SEC. The firm owned 13,656 shares of the financial services provider’s stock after selling 7,848 shares during the quarter. Nisa Investment Advisors LLC’s holdings in Jones Lang LaSalle were worth $4,595,000 at the end of the most recent quarter.

Several other hedge funds have also recently made changes to their positions in JLL. Sunbelt Securities Inc. bought a new position in shares of Jones Lang LaSalle during the third quarter valued at approximately $25,000. Chilton Capital Management LLC increased its position in 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 valued at $40,000 after purchasing an additional 33 shares during the period. True Wealth Design LLC raised its holdings 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 worth $45,000 after purchasing an additional 132 shares in the last quarter. Quent Capital LLC purchased a new stake in shares of Jones Lang LaSalle in the 3rd quarter worth about $41,000. Finally, Root Financial Partners LLC purchased a new stake in shares of Jones Lang LaSalle in the 3rd quarter worth about $44,000. 94.80% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several equities analysts recently issued reports on the stock. Barclays reduced their price target on shares of Jones Lang LaSalle from $360.00 to $355.00 and set an “equal weight” rating on the stock in a research report on Friday, March 13th. Zacks Research upgraded Jones Lang LaSalle from a “hold” rating to a “strong-buy” rating in a report on Friday, February 20th. Wall Street Zen raised Jones Lang LaSalle from a “buy” rating to a “strong-buy” rating in a research report on Sunday, January 11th. Weiss Ratings upgraded Jones Lang LaSalle from a “hold (c+)” rating to a “buy (b-)” rating in a research report on Friday, February 20th. Finally, UBS Group upped their price target on Jones Lang LaSalle from $410.00 to $425.00 and gave the stock a “buy” rating in a research note on Monday, February 23rd. One equities research analyst has rated the stock with a Strong Buy rating, five have given a Buy rating and three have assigned a Hold rating to the stock. Based on data from MarketBeat.com, Jones Lang LaSalle presently has an average rating of “Moderate Buy” and a consensus target price of $363.17.

Jones Lang LaSalle Price Performance

Shares of JLL opened at $305.75 on Friday. Jones Lang LaSalle Incorporated has a fifty-two week low of $194.36 and a fifty-two week high of $363.06. The firm’s 50-day simple moving average is $314.09 and its two-hundred day simple moving average is $317.50. The stock has a market cap of $14.32 billion, a PE ratio of 18.63 and a beta of 1.41. The company has a debt-to-equity ratio of 0.10, a quick ratio of 2.23 and a current ratio of 2.23.

Jones Lang LaSalle (NYSE:JLL) last issued its quarterly earnings results on Wednesday, February 18th. The financial services provider reported $8.71 EPS for the quarter, topping analysts’ consensus estimates of $7.25 by $1.46. The firm had revenue of $7.61 billion for the quarter, compared to analysts’ expectations of $7.45 billion. Jones Lang LaSalle had a return on equity of 12.50% and a net margin of 3.03%.The business’s revenue for the quarter was up 11.7% compared to the same quarter last year. During the same period in the previous year, the firm posted $6.15 EPS. Analysts anticipate that Jones Lang LaSalle Incorporated will post 16.45 earnings per share for the current fiscal year.

Insider Buying and Selling at Jones Lang LaSalle

In other news, Director Deborah H. Mcaneny sold 2,500 shares of the stock in a transaction on Tuesday, March 10th. The stock was sold at an average price of $300.50, for a total value of $751,250.00. Following the sale, the director directly owned 14,985 shares of the company’s stock, valued at approximately $4,502,992.50. This represents a 14.30% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, CEO Richard Bloxam sold 5,440 shares of the firm’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. Additional details regarding this sale are available in the official SEC disclosure. Insiders own 0.91% of the company’s stock.

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.