TKG Advisors LLC Increases Stock Position in Jones Lang LaSalle Incorporated (NYSE:JLL)

TKG Advisors LLC grew its position in Jones Lang LaSalle Incorporated (NYSE:JLL) by 6.0% in the 1st quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 21,137 shares of the financial services provider’s stock after buying an additional 1,202 shares during the quarter. Jones Lang LaSalle accounts for about 2.6% of TKG Advisors LLC’s portfolio, making the stock its 10th largest holding. TKG Advisors LLC’s holdings in Jones Lang LaSalle were worth $5,240,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently modified their holdings of JLL. Private Trust Co. NA increased its holdings in shares of Jones Lang LaSalle by 112.0% during the fourth quarter. Private Trust Co. NA now owns 106 shares of the financial services provider’s stock worth $27,000 after buying an additional 56 shares in the last quarter. Golden State Wealth Management LLC bought a new position in Jones Lang LaSalle in the 1st quarter valued at approximately $33,000. Western Pacific Wealth Management LP acquired a new stake in Jones Lang LaSalle during the 1st quarter worth approximately $41,000. CIBC Private Wealth Group LLC lifted its holdings in shares of Jones Lang LaSalle by 25.0% during the fourth quarter. CIBC Private Wealth Group LLC now owns 250 shares of the financial services provider’s stock worth $62,000 after purchasing an additional 50 shares during the period. Finally, Versant Capital Management Inc grew its stake in shares of Jones Lang LaSalle by 356.3% in the first quarter. Versant Capital Management Inc now owns 324 shares of the financial services provider’s stock worth $80,000 after purchasing an additional 253 shares during the last quarter. Institutional investors own 94.80% of the company’s stock.

Insider Activity at Jones Lang LaSalle

In related news, CEO Andrew W. Poppink sold 275 shares of the company’s stock in a transaction on Friday, June 20th. The shares were sold at an average price of $237.97, for a total transaction of $65,441.75. Following the completion of the sale, the chief executive officer directly owned 10,297 shares in the company, valued at $2,450,377.09. This represents a 2.60% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through this link. Corporate insiders own 0.91% of the company’s stock.

Jones Lang LaSalle Trading Up 1.0%

Shares of JLL opened at $259.47 on Thursday. The business’s 50-day moving average price is $233.54 and its 200-day moving average price is $246.42. The company has a quick ratio of 2.01, a current ratio of 2.01 and a debt-to-equity ratio of 0.17. Jones Lang LaSalle Incorporated has a twelve month low of $194.36 and a twelve month high of $288.50. The stock has a market cap of $12.32 billion, a PE ratio of 23.46 and a beta of 1.34.

Jones Lang LaSalle (NYSE:JLL) last announced its earnings results on Wednesday, May 7th. The financial services provider reported $2.31 earnings per share for the quarter, beating analysts’ consensus estimates of $2.02 by $0.29. Jones Lang LaSalle had a net margin of 2.23% and a return on equity of 10.37%. The business had revenue of $5.75 billion for the quarter, compared to the consensus estimate of $5.65 billion. During the same period last year, the firm posted $1.78 earnings per share. Jones Lang LaSalle’s quarterly revenue was up 12.1% on a year-over-year basis. On average, equities analysts forecast that Jones Lang LaSalle Incorporated will post 16.45 EPS for the current fiscal year.

Analysts Set New Price Targets

A number of analysts have commented on the stock. JPMorgan Chase & Co. cut their price target on shares of Jones Lang LaSalle from $327.00 to $285.00 and set an “overweight” rating on the stock in a research report on Thursday, April 10th. UBS Group lifted their target price on Jones Lang LaSalle from $305.00 to $340.00 and gave the company a “buy” rating in a research report on Wednesday. Citigroup cut their price objective on shares of Jones Lang LaSalle from $275.00 to $240.00 and set a “neutral” rating on the stock in a report on Wednesday, May 28th. Keefe, Bruyette & Woods dropped their price target on shares of Jones Lang LaSalle from $325.00 to $280.00 and set an “outperform” rating on the stock in a research report on Thursday, April 17th. Finally, Wall Street Zen lowered Jones Lang LaSalle from a “strong-buy” rating to a “buy” rating in a report on Tuesday, May 13th. One investment analyst has rated the stock with a hold rating, six have given a buy rating and one has assigned a strong buy rating to the company’s stock. According to data from MarketBeat.com, Jones Lang LaSalle has an average rating of “Buy” and a consensus target price of $310.00.

About Jones Lang LaSalle

Jones Lang LaSalle Incorporated operates as a commercial real estate and investment management company. It engages in the buying, building, occupying, managing, and investing in a commercial, industrial, hotel, residential, and retail properties in Americas, Europe, the Middle East, Africa, and the Asia Pacific.