Sequoia Financial Advisors LLC Buys 2,977 Shares of Jones Lang LaSalle Incorporated $JLL

Sequoia Financial Advisors LLC lifted its holdings in shares of Jones Lang LaSalle Incorporated (NYSE:JLL) by 85.6% during the 4th quarter, HoldingsChannel reports. The institutional investor owned 6,456 shares of the financial services provider’s stock after acquiring an additional 2,977 shares during the quarter. Sequoia Financial Advisors LLC’s holdings in Jones Lang LaSalle were worth $2,172,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors also recently modified their holdings of JLL. M&T Bank Corp boosted its position in shares of Jones Lang LaSalle by 184,969.0% during the fourth quarter. M&T Bank Corp now owns 3,864,241 shares of the financial services provider’s stock valued at $1,300,201,000 after buying an additional 3,862,153 shares during the last quarter. Millennium Management LLC boosted its position in shares of Jones Lang LaSalle by 4,285.3% during the third quarter. Millennium Management LLC now owns 350,821 shares of the financial services provider’s stock valued at $104,643,000 after buying an additional 342,821 shares during the last quarter. Equity Investment Corp purchased a new stake in shares of Jones Lang LaSalle during the third quarter valued at $72,132,000. Wellington Management Group LLP boosted its position in shares of Jones Lang LaSalle by 310.0% during the third quarter. Wellington Management Group LLP now owns 290,148 shares of the financial services provider’s stock valued at $86,545,000 after buying an additional 219,373 shares during the last quarter. Finally, AustralianSuper Pty Ltd purchased a new stake in shares of Jones Lang LaSalle during the third quarter valued at $32,184,000. 94.80% of the stock is owned by hedge funds and other institutional investors.

Insider Transactions at Jones Lang LaSalle

In other news, Director Deborah H. Mcaneny sold 2,500 shares of Jones Lang LaSalle stock in a transaction dated 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 directly owned 14,985 shares of the company’s stock, valued at $4,502,992.50. The trade was a 14.30% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CEO Richard Bloxam sold 5,440 shares of Jones Lang LaSalle stock in a transaction dated 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. 0.91% of the stock is owned by insiders.

Jones Lang LaSalle Trading Up 0.1%

Shares of NYSE:JLL opened at $330.04 on Monday. The stock has a market capitalization of $15.31 billion, a price-to-earnings ratio of 17.74 and a beta of 1.34. The company has a debt-to-equity ratio of 0.15, a quick ratio of 2.35 and a current ratio of 2.35. The stock’s 50-day simple moving average is $315.11 and its two-hundred day simple moving average is $322.46. Jones Lang LaSalle Incorporated has a 52-week low of $211.86 and a 52-week high of $363.06.

Jones Lang LaSalle (NYSE:JLL) last announced its 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 analysts’ expectations of $6 billion. Jones Lang LaSalle had a return on equity of 13.01% and a net margin of 3.35%.The business’s revenue for the quarter was up 11.1% on a year-over-year basis. During the same period last year, the firm posted $2.31 earnings per share. Analysts expect that Jones Lang LaSalle Incorporated will post 22.35 EPS for the current year.

Wall Street Analysts Forecast Growth

Several equities research analysts recently commented on JLL shares. UBS Group increased their price objective on Jones Lang LaSalle from $425.00 to $445.00 and gave the company a “buy” rating in a research report on Wednesday, April 22nd. Wall Street Zen raised Jones Lang LaSalle from a “buy” rating to a “strong-buy” rating in a research report on Sunday, January 11th. Barclays dropped 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 report on Tuesday, April 14th. Zacks Research cut Jones Lang LaSalle from a “strong-buy” rating to a “hold” rating in a research report on Friday, April 24th. Finally, Keefe, Bruyette & Woods dropped their target price on 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 investment analysts have rated the stock with a Buy rating and four have given a Hold rating to the stock. According to MarketBeat, Jones Lang LaSalle has a consensus rating of “Moderate Buy” and a consensus price target of $365.33.

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.