Jones Lang LaSalle Incorporated $JLL Shares Bought by William Blair Investment Management LLC

William Blair Investment Management LLC lifted its position in shares of Jones Lang LaSalle Incorporated (NYSE:JLL) by 25.0% during the third quarter, Holdings Channel reports. The firm owned 143,274 shares of the financial services provider’s stock after acquiring an additional 28,617 shares during the quarter. William Blair Investment Management LLC’s holdings in Jones Lang LaSalle were worth $42,736,000 as of its most recent filing with the SEC.

A number of other hedge funds have also recently added to or reduced their stakes in the company. Equity Investment Corp acquired a new stake in Jones Lang LaSalle during the 3rd quarter worth $72,132,000. Hennessy Advisors Inc. purchased a new stake in shares of Jones Lang LaSalle in the third quarter valued at about $40,417,000. Y Intercept Hong Kong Ltd acquired a new stake in shares of Jones Lang LaSalle during the third quarter worth about $1,143,000. FJ Capital Management LLC grew its holdings in shares of Jones Lang LaSalle by 38.5% during the second quarter. FJ Capital Management LLC now owns 22,352 shares of the financial services provider’s stock worth $5,717,000 after buying an additional 6,214 shares during the last quarter. Finally, Boston Partners purchased a new stake in Jones Lang LaSalle during the 2nd quarter valued at approximately $12,186,000. Hedge funds and other institutional investors own 94.80% of the company’s stock.

Analyst Upgrades and Downgrades

Several research analysts have weighed in on the company. Keefe, Bruyette & Woods lowered their target price on Jones Lang LaSalle from $405.00 to $380.00 and set an “outperform” rating on the stock in a research note on Tuesday, February 24th. UBS Group increased their price target on Jones Lang LaSalle from $410.00 to $425.00 and gave the stock a “buy” rating in a report on Monday, February 23rd. Barclays initiated coverage on shares of Jones Lang LaSalle in a research report on Tuesday, December 2nd. They set an “equal weight” rating and a $351.00 price objective for the company. The Goldman Sachs Group boosted their price target on shares of Jones Lang LaSalle from $361.00 to $407.00 and gave the stock a “buy” rating in a research note on Wednesday, November 26th. Finally, Wall Street Zen raised Jones Lang LaSalle from a “buy” rating to a “strong-buy” rating in a report on Sunday, January 11th. One equities research analyst has rated the stock with a Strong Buy rating, five have given a Buy rating and three have assigned a Hold rating to the stock. According to MarketBeat, the stock has an average rating of “Moderate Buy” and an average target price of $362.50.

Insider Activity at Jones Lang LaSalle

In other Jones Lang LaSalle news, CEO Christian Ulbrich sold 96 shares of Jones Lang LaSalle stock in a transaction dated Thursday, December 11th. The shares were sold at an average price of $332.18, for a total transaction of $31,889.28. Following the completion of the transaction, the chief executive officer owned 114,685 shares in the company, valued at approximately $38,096,063.30. The trade was a 0.08% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. In the last 90 days, insiders have sold 14,760 shares of company stock valued at $4,878,238. 0.91% of the stock is owned by insiders.

Jones Lang LaSalle Price Performance

JLL stock opened at $315.28 on Monday. The firm has a 50 day moving average of $336.00 and a 200-day moving average of $318.16. The company has a market cap of $14.77 billion, a price-to-earnings ratio of 19.21 and a beta of 1.42. The company has a current ratio of 2.23, a quick ratio of 2.23 and a debt-to-equity ratio of 0.10. Jones Lang LaSalle Incorporated has a 12-month low of $194.36 and a 12-month high of $363.06.

Jones Lang LaSalle (NYSE:JLL) last released its quarterly earnings data on Wednesday, February 18th. The financial services provider reported $8.71 earnings per share for the quarter, beating the consensus estimate of $7.25 by $1.46. The firm had revenue of $7.61 billion during the quarter, compared to the consensus estimate of $7.45 billion. Jones Lang LaSalle had a return on equity of 12.50% and a net margin of 3.03%.Jones Lang LaSalle’s quarterly revenue was up 11.7% on a year-over-year basis. During the same period last year, the business posted $6.15 EPS. As a group, equities analysts expect that Jones Lang LaSalle Incorporated will post 16.45 EPS for the current fiscal year.

Jones Lang LaSalle Company 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.