Jones Lang LaSalle Incorporated $JLL Stake Boosted by Blair William & Co. IL

Blair William & Co. IL raised its holdings in shares of Jones Lang LaSalle Incorporated (NYSE:JLL) by 29.7% in the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 283,492 shares of the financial services provider’s stock after purchasing an additional 64,845 shares during the period. Blair William & Co. IL’s holdings in Jones Lang LaSalle were worth $84,560,000 as of its most recent SEC filing.

Other large investors also recently modified their holdings of the company. EdgePoint Investment Group Inc. boosted its holdings in shares of Jones Lang LaSalle by 21.0% in the 2nd quarter. EdgePoint Investment Group Inc. now owns 2,221,528 shares of the financial services provider’s stock valued at $568,222,000 after buying an additional 386,184 shares during the period. Swedbank AB raised its stake in Jones Lang LaSalle by 5.4% during the third quarter. Swedbank AB now owns 989,199 shares of the financial services provider’s stock worth $295,058,000 after acquiring an additional 51,050 shares during the period. Norges Bank bought a new position in Jones Lang LaSalle in the second quarter worth about $160,187,000. Alliancebernstein L.P. boosted its stake in Jones Lang LaSalle by 9.8% in the second quarter. Alliancebernstein L.P. now owns 569,420 shares of the financial services provider’s stock valued at $145,646,000 after acquiring an additional 50,971 shares during the period. Finally, Bamco Inc. NY grew its holdings in shares of Jones Lang LaSalle by 9.9% during the second quarter. Bamco Inc. NY now owns 518,364 shares of the financial services provider’s stock valued at $132,587,000 after purchasing an additional 46,523 shares during the last quarter. 94.80% of the stock is currently owned by institutional investors.

Insider Buying and Selling

In related news, CEO Christian Ulbrich sold 96 shares of the business’s stock in a transaction that occurred on Thursday, December 11th. The stock was sold at an average price of $332.18, for a total transaction of $31,889.28. Following the sale, the chief executive officer owned 114,685 shares of the company’s stock, valued at $38,096,063.30. The trade was a 0.08% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. 0.91% of the stock is currently owned by insiders.

Jones Lang LaSalle Stock Performance

JLL stock opened at $299.21 on Friday. The company has a market capitalization of $14.02 billion, a P/E ratio of 18.23 and a beta of 1.42. The company has a quick ratio of 2.23, a current ratio of 2.23 and a debt-to-equity ratio of 0.10. The company has a 50-day simple moving average of $332.36 and a 200 day simple moving average of $318.33. Jones Lang LaSalle Incorporated has a fifty-two week low of $194.36 and a fifty-two week high of $363.06.

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

Analyst Upgrades and Downgrades

A number of brokerages have recently weighed in on JLL. The Goldman Sachs Group increased their price target on Jones Lang LaSalle from $361.00 to $407.00 and gave the stock a “buy” rating in a research report on Wednesday, November 26th. Barclays initiated coverage on Jones Lang LaSalle in a research note on Tuesday, December 2nd. They set an “equal weight” rating and a $351.00 price objective for the company. Keefe, Bruyette & Woods cut 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. Weiss Ratings raised shares of Jones Lang LaSalle from a “hold (c+)” rating to a “buy (b-)” rating in a report on Friday, February 20th. Finally, UBS Group boosted their target price on shares of Jones Lang LaSalle from $410.00 to $425.00 and gave the company a “buy” rating in a research note on Monday, February 23rd. One investment analyst has rated the stock with a Strong Buy rating, five have issued a Buy rating and three have issued a Hold rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $362.50.

About Jones Lang LaSalle

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.