First Bank & Trust Cuts Stock Holdings in Jones Lang LaSalle Incorporated (NYSE:JLL)

First Bank & Trust decreased its stake in shares of Jones Lang LaSalle Incorporated (NYSE:JLL) by 4.8% during the 1st quarter, Holdings Channel reports. The institutional investor owned 2,255 shares of the financial services provider’s stock after selling 113 shares during the period. First Bank & Trust’s holdings in Jones Lang LaSalle were worth $440,000 as of its most recent SEC filing.

Other hedge funds also recently modified their holdings of the company. Rise Advisors LLC purchased a new position in shares of Jones Lang LaSalle during the first quarter valued at approximately $30,000. Atlas Capital Advisors LLC purchased a new position in shares of Jones Lang LaSalle during the first quarter valued at approximately $35,000. Riverview Trust Co bought a new position in Jones Lang LaSalle in the 1st quarter worth about $38,000. Bruce G. Allen Investments LLC bought a new position in Jones Lang LaSalle in the 4th quarter worth about $47,000. Finally, GAMMA Investing LLC bought a new position in Jones Lang LaSalle in the 4th quarter worth about $71,000. Hedge funds and other institutional investors own 94.80% of the company’s stock.

Wall Street Analyst Weigh In

JLL has been the topic of a number of research analyst reports. Raymond James upgraded Jones Lang LaSalle from an “outperform” rating to a “strong-buy” rating and upped their target price for the stock from $218.00 to $246.00 in a research note on Wednesday, April 3rd. Keefe, Bruyette & Woods upped their target price on Jones Lang LaSalle from $190.00 to $200.00 and gave the stock a “market perform” rating in a research note on Wednesday, May 8th. StockNews.com lowered Jones Lang LaSalle from a “strong-buy” rating to a “buy” rating in a research note on Friday, June 21st. Wolfe Research restated a “peer perform” rating on shares of Jones Lang LaSalle in a research note on Tuesday, April 9th. Finally, Jefferies Financial Group started coverage on Jones Lang LaSalle in a report on Wednesday, April 10th. They issued a “buy” rating and a $246.00 price objective for the company. Three equities research analysts have rated the stock with a hold rating, four have given a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average target price of $216.67.

Jones Lang LaSalle Price Performance

JLL opened at $205.28 on Friday. The stock has a 50-day moving average price of $197.13 and a 200-day moving average price of $187.92. Jones Lang LaSalle Incorporated has a 12-month low of $119.46 and a 12-month high of $213.33. The company has a current ratio of 2.35, a quick ratio of 2.35 and a debt-to-equity ratio of 0.34. The stock has a market capitalization of $9.76 billion, a P/E ratio of 33.00 and a beta of 1.40.

Jones Lang LaSalle (NYSE:JLL) last issued its earnings results on Monday, May 6th. The financial services provider reported $1.78 earnings per share for the quarter, beating the consensus estimate of $0.85 by $0.93. The company had revenue of $5.12 billion during the quarter, compared to analysts’ expectations of $4.82 billion. Jones Lang LaSalle had a return on equity of 6.55% and a net margin of 1.42%. Jones Lang LaSalle’s quarterly revenue was up 8.7% compared to the same quarter last year. During the same period in the prior year, the business posted $0.65 EPS. Equities analysts predict that Jones Lang LaSalle Incorporated will post 12.36 earnings per share for the current fiscal year.

Jones Lang LaSalle Profile

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.