Integrated Advisors Network LLC Cuts Holdings in Jones Lang LaSalle Incorporated $JLL

Integrated Advisors Network LLC reduced its position in Jones Lang LaSalle Incorporated (NYSE:JLL) by 64.2% during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 1,026 shares of the financial services provider’s stock after selling 1,836 shares during the period. Integrated Advisors Network LLC’s holdings in Jones Lang LaSalle were worth $312,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in JLL. Sunbelt Securities Inc. purchased a new stake in shares of Jones Lang LaSalle during the 3rd quarter worth approximately $25,000. International Assets Investment Management LLC purchased a new position in shares of Jones Lang LaSalle in the fourth quarter valued at $29,000. Activest Wealth Management increased its position in Jones Lang LaSalle by 1,720.0% in the fourth quarter. Activest Wealth Management now owns 91 shares of the financial services provider’s stock worth $31,000 after purchasing an additional 86 shares during the last quarter. Hilton Head Capital Partners LLC purchased a new stake in Jones Lang LaSalle during the fourth quarter valued at $35,000. Finally, True Wealth Design LLC lifted its position in Jones Lang LaSalle by 13,200.0% during the fourth quarter. True Wealth Design LLC now owns 133 shares of the financial services provider’s stock valued at $45,000 after purchasing an additional 132 shares during the last quarter. 94.80% of the stock is owned by institutional investors.

Analyst Ratings Changes

A number of equities analysts have commented on the stock. Zacks Research raised shares of Jones Lang LaSalle from a “hold” rating to a “strong-buy” rating in a research note on Wednesday, June 24th. UBS Group increased their price target 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. Weiss Ratings lowered Jones Lang LaSalle from a “buy (b)” rating to a “buy (b-)” rating in a research report on Thursday, May 28th. Finally, Barclays upped their price objective on 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. One equities research analyst has rated the stock with a Strong Buy rating, five have given a Buy rating and two have given a Hold rating to the company. According to MarketBeat, Jones Lang LaSalle presently has an average rating of “Moderate Buy” and a consensus target price of $394.00.

Jones Lang LaSalle Trading Up 0.0%

Shares of JLL stock traded up $0.04 during trading hours on Friday, reaching $324.23. 189,185 shares of the stock were exchanged, compared to its average volume of 372,202. 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 $246.07 and a 12-month high of $363.06. The firm has a market capitalization of $15.04 billion, a price-to-earnings ratio of 17.43 and a beta of 1.27. The company’s 50-day moving average price is $304.84 and its 200-day moving average price is $318.55.

Jones Lang LaSalle (NYSE:JLL) last announced its quarterly earnings data on Thursday, April 30th. The financial services provider reported $3.43 earnings per share (EPS) for the quarter, topping the consensus estimate 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 the consensus estimate of $6 billion. During the same quarter last year, the firm earned $2.31 earnings per share. The firm’s quarterly revenue was up 11.1% compared to the same quarter last year. As a group, equities analysts anticipate that Jones Lang LaSalle Incorporated will post 22.84 earnings per share for the current year.

Insiders Place Their Bets

In other Jones Lang LaSalle news, Director Larry Quinlan sold 402 shares of the stock in a transaction on Friday, June 12th. The stock was sold at an average price of $301.73, for a total value of $121,295.46. Following the sale, the director owned 4,369 shares in the company, valued at $1,318,258.37. This trade represents a 8.43% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. 0.91% of the stock is currently owned by insiders.

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.