Gateway Investment Advisers LLC Has $974,000 Stake in Jones Lang LaSalle Incorporated $JLL

Gateway Investment Advisers LLC reduced its stake in Jones Lang LaSalle Incorporated (NYSE:JLL) by 81.7% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 2,896 shares of the financial services provider’s stock after selling 12,889 shares during the period. Gateway Investment Advisers LLC’s holdings in Jones Lang LaSalle were worth $974,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors have also added to or reduced their stakes in the stock. Integrated Wealth Concepts LLC bought a new position in Jones Lang LaSalle in the 1st quarter valued at approximately $546,000. Empowered Funds LLC increased its holdings in shares of Jones Lang LaSalle by 203.1% during the first quarter. Empowered Funds LLC now owns 4,046 shares of the financial services provider’s stock worth $1,003,000 after buying an additional 2,711 shares in the last quarter. EverSource Wealth Advisors LLC lifted its stake in shares of Jones Lang LaSalle by 33.8% in the 2nd quarter. EverSource Wealth Advisors LLC now owns 499 shares of the financial services provider’s stock valued at $128,000 after acquiring an additional 126 shares during the last quarter. Cresset Asset Management LLC boosted its holdings in shares of Jones Lang LaSalle by 28.4% during the 2nd quarter. Cresset Asset Management LLC now owns 1,673 shares of the financial services provider’s stock valued at $428,000 after acquiring an additional 370 shares in the last quarter. Finally, Frontier Capital Management Co. LLC bought a new stake in Jones Lang LaSalle during the 2nd quarter worth $211,000. 94.80% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of research firms recently commented on JLL. Barclays cut their price objective on Jones Lang LaSalle from $355.00 to $348.00 and set an “equal weight” rating on the stock in a research note on Tuesday, April 14th. Wall Street Zen upgraded shares of Jones Lang LaSalle from a “buy” rating to a “strong-buy” rating in a research report on Sunday, January 11th. Zacks Research cut shares of Jones Lang LaSalle from a “strong-buy” rating to a “hold” rating in a research report on Friday, April 24th. UBS Group boosted their target price 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. Finally, Keefe, Bruyette & Woods cut their price target 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. Five equities research analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the company’s stock. According to data from MarketBeat.com, Jones Lang LaSalle currently has an average rating of “Moderate Buy” and a consensus price target of $365.33.

Jones Lang LaSalle Stock Performance

Shares of JLL opened at $330.04 on Friday. Jones Lang LaSalle Incorporated has a one year low of $211.86 and a one year high of $363.06. The company has a market cap of $15.31 billion, a PE ratio of 17.74 and a beta of 1.34. The stock has a 50-day moving average of $315.11 and a 200-day moving average of $322.46. The company has a debt-to-equity ratio of 0.15, a current ratio of 2.35 and a quick ratio of 2.35.

Jones Lang LaSalle (NYSE:JLL) last announced its quarterly earnings results 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. The business had revenue of $6.39 billion for the quarter, compared to analyst estimates of $6 billion. Jones Lang LaSalle had a return on equity of 13.01% and a net margin of 3.35%.The company’s quarterly revenue was up 11.1% on a year-over-year basis. During the same quarter in the prior year, the company earned $2.31 earnings per share. On average, equities research analysts predict that Jones Lang LaSalle Incorporated will post 22.35 EPS for the current fiscal year.

Insider Buying and Selling at Jones Lang LaSalle

In related news, CEO Richard Bloxam sold 5,440 shares of Jones Lang LaSalle 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 transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Deborah H. Mcaneny sold 2,500 shares of the company’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 transaction, the director owned 14,985 shares in the company, valued at approximately $4,502,992.50. The trade was a 14.30% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Company 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.