SG Americas Securities LLC Sells 13,072 Shares of Jones Lang LaSalle Incorporated (NYSE:JLL)

SG Americas Securities LLC lowered its stake in Jones Lang LaSalle Incorporated (NYSE:JLLGet Rating) by 79.4% during the 1st quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 3,389 shares of the financial services provider’s stock after selling 13,072 shares during the quarter. SG Americas Securities LLC’s holdings in Jones Lang LaSalle were worth $812,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors have also recently made changes to their positions in the stock. Covestor Ltd bought a new stake in Jones Lang LaSalle during the 4th quarter valued at approximately $25,000. Sageworth Trust Co of South Dakota purchased a new position in Jones Lang LaSalle during the 4th quarter valued at approximately $32,000. Ellevest Inc. grew its holdings in Jones Lang LaSalle by 1,255.6% during the 1st quarter. Ellevest Inc. now owns 122 shares of the financial services provider’s stock valued at $29,000 after buying an additional 113 shares in the last quarter. National Bank of Canada FI purchased a new position in Jones Lang LaSalle during the 4th quarter valued at approximately $43,000. Finally, Chilton Capital Management LLC purchased a new position in shares of Jones Lang LaSalle in the 4th quarter worth approximately $47,000. Institutional investors own 95.21% of the company’s stock.

Jones Lang LaSalle Trading Down 0.9 %

JLL opened at $189.04 on Tuesday. The firm has a market cap of $9.24 billion, a price-to-earnings ratio of 9.74 and a beta of 1.27. The company has a current ratio of 2.23, a quick ratio of 2.23 and a debt-to-equity ratio of 0.28. Jones Lang LaSalle Incorporated has a 12 month low of $154.63 and a 12 month high of $275.77. The stock has a fifty day moving average price of $179.91 and a 200-day moving average price of $212.27.

Jones Lang LaSalle (NYSE:JLLGet Rating) last released its quarterly earnings results on Monday, May 9th. The financial services provider reported $3.47 EPS for the quarter, topping the consensus estimate of $2.05 by $1.42. The firm had revenue of $4.80 billion during the quarter, compared to analyst estimates of $2.68 billion. Jones Lang LaSalle had a return on equity of 17.51% and a net margin of 4.99%. The business’s revenue for the quarter was up 18.9% compared to the same quarter last year. During the same period in the previous year, the company posted $2.10 EPS. As a group, equities research analysts anticipate that Jones Lang LaSalle Incorporated will post 19.02 earnings per share for the current fiscal year.

Analyst Ratings Changes

JLL has been the subject of a number of recent research reports. The Goldman Sachs Group initiated coverage on Jones Lang LaSalle in a report on Tuesday, April 5th. They issued a “sell” rating and a $217.00 target price for the company. Raymond James dropped their target price on Jones Lang LaSalle from $329.00 to $295.00 and set an “outperform” rating for the company in a report on Tuesday, April 26th. Finally, StockNews.com cut Jones Lang LaSalle from a “strong-buy” rating to a “buy” rating in a report on Wednesday, May 18th. One analyst has rated the stock with a sell rating and four have assigned a buy rating to the stock. According to MarketBeat.com, Jones Lang LaSalle currently has an average rating of “Moderate Buy” and an average target price of $282.33.

Jones Lang LaSalle Company Profile

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Jones Lang LaSalle Incorporated, a professional services company, provides real estate and investment management services in Americas, Europe, the Middle East, Africa, and the Asia Pacific. The company offers a range of real estate services, including agency leasing and tenant representation services; and capital market services, such as debt advisory, loan sales, equity advisory, loan servicing, merger and acquisition, corporate advisory, and investment sales and advisory services.

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Institutional Ownership by Quarter for Jones Lang LaSalle (NYSE:JLL)

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