The Manufacturers Life Insurance Company Sells 71,943 Shares of Jones Lang LaSalle Inc (JLL)
The Manufacturers Life Insurance Company lowered its stake in shares of Jones Lang LaSalle Inc (NYSE:JLL) by 23.2% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 237,528 shares of the financial services provider’s stock after selling 71,943 shares during the quarter. The Manufacturers Life Insurance Company ‘s holdings in Jones Lang LaSalle were worth $35,374,000 at the end of the most recent quarter.
A number of other institutional investors also recently made changes to their positions in JLL. Raymond James Financial Services Advisors Inc. grew its holdings in Jones Lang LaSalle by 3.9% during the second quarter. Raymond James Financial Services Advisors Inc. now owns 2,073 shares of the financial services provider’s stock worth $259,000 after buying an additional 77 shares in the last quarter. Lord Abbett & CO. LLC bought a new stake in Jones Lang LaSalle during the second quarter worth $3,375,000. Robeco Institutional Asset Management B.V. bought a new stake in Jones Lang LaSalle during the third quarter worth $251,000. BB&T Corp grew its stake in Jones Lang LaSalle by 57.3% in the 3rd quarter. BB&T Corp now owns 3,466 shares of the financial services provider’s stock valued at $428,000 after purchasing an additional 1,262 shares during the period. Finally, Aperio Group LLC grew its stake in Jones Lang LaSalle by 13.5% in the 3rd quarter. Aperio Group LLC now owns 41,171 shares of the financial services provider’s stock valued at $5,085,000 after purchasing an additional 4,902 shares during the period. Institutional investors and hedge funds own 92.40% of the company’s stock.
Jones Lang LaSalle Inc (NYSE JLL) opened at $159.44 on Wednesday. The stock has a market capitalization of $7,179.50, a price-to-earnings ratio of 17.29, a price-to-earnings-growth ratio of 1.46 and a beta of 1.85. The company has a debt-to-equity ratio of 0.21, a current ratio of 1.34 and a quick ratio of 1.60. Jones Lang LaSalle Inc has a 12 month low of $101.83 and a 12 month high of $160.69.
JLL has been the subject of a number of recent analyst reports. ValuEngine upgraded Jones Lang LaSalle from a “hold” rating to a “buy” rating in a research note on Sunday, December 31st. JMP Securities downgraded Jones Lang LaSalle from an “outperform” rating to a “market perform” rating in a research note on Wednesday, January 24th. Barclays upped their price objective on Jones Lang LaSalle from $150.00 to $170.00 and gave the company an “overweight” rating in a research note on Tuesday, January 30th. William Blair restated an “outperform” rating on shares of Jones Lang LaSalle in a research note on Friday, February 2nd. Finally, Zacks Investment Research downgraded Jones Lang LaSalle from a “buy” rating to a “hold” rating in a research note on Friday, February 2nd. Six equities research analysts have rated the stock with a hold rating and six have assigned a buy rating to the company. The company presently has an average rating of “Buy” and a consensus price target of $151.38.
In other news, Director Martin H. Nesbitt sold 6,701 shares of the stock in a transaction on Monday, December 11th. The stock was sold at an average price of $149.32, for a total transaction of $1,000,593.32. Following the completion of the transaction, the director now owns 35 shares in the company, valued at approximately $5,226.20. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 0.72% of the stock is currently owned by corporate insiders.
TRADEMARK VIOLATION WARNING: This story was originally posted by Marea Informative and is the sole property of of Marea Informative. If you are reading this story on another website, it was illegally copied and reposted in violation of US and international copyright and trademark laws. The original version of this story can be read at https://www.mareainformativa.com/2018/02/21/the-manufacturers-life-insurance-company-sells-71943-shares-of-jones-lang-lasalle-inc-jll.html.
Jones Lang LaSalle Profile
Jones Lang LaSalle Incorporated (JLL) is a financial and professional services company specializing in real estate. The Company operates through four business segments: Americas; Europe, Middle East and Africa (EMEA); Asia Pacific, and LaSalle. It offers integrated services on a local, regional and global basis to owner, occupier, investor and developer clients.
Want to see what other hedge funds are holding JLL? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Jones Lang LaSalle Inc (NYSE:JLL).
Receive News & Ratings for Jones Lang LaSalle Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Jones Lang LaSalle and related companies with MarketBeat.com's FREE daily email newsletter.