Geode Capital Management LLC Purchases 15,995 Shares of Jones Lang LaSalle Incorporated $JLL

Geode Capital Management LLC increased its position in shares of Jones Lang LaSalle Incorporated (NYSE:JLL) by 1.6% in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 990,836 shares of the financial services provider’s stock after purchasing an additional 15,995 shares during the quarter. Geode Capital Management LLC’s holdings in Jones Lang LaSalle were worth $333,451,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also bought and sold shares of the company. Sunbelt Securities Inc. bought a new stake in Jones Lang LaSalle during the third quarter worth about $25,000. International Assets Investment Management LLC bought a new stake in Jones Lang LaSalle during the fourth quarter worth about $29,000. Activest Wealth Management lifted its position in Jones Lang LaSalle by 1,720.0% during the fourth quarter. Activest Wealth Management now owns 91 shares of the financial services provider’s stock worth $31,000 after purchasing an additional 86 shares during the period. True Wealth Design LLC lifted its position in Jones Lang LaSalle by 13,200.0% during the fourth quarter. True Wealth Design LLC now owns 133 shares of the financial services provider’s stock worth $45,000 after purchasing an additional 132 shares during the period. Finally, Bayforest Capital Ltd bought a new stake in Jones Lang LaSalle during the fourth quarter worth about $55,000. Institutional investors own 94.80% of the company’s stock.

Analyst Ratings Changes

JLL has been the topic of several research analyst reports. Zacks Research lowered Jones Lang LaSalle from a “strong-buy” rating to a “hold” rating in a research note on Friday, April 24th. Keefe, Bruyette & Woods reduced their price objective 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 lowered Jones Lang LaSalle from a “buy (b)” rating to a “buy (b-)” rating in a research note on Thursday. UBS Group raised their price objective on Jones Lang LaSalle from $425.00 to $445.00 and gave the company a “buy” rating in a research note on Wednesday, April 22nd. Finally, Barclays raised their price objective on Jones Lang LaSalle from $348.00 to $366.00 and gave the company an “equal weight” rating in a research note on Wednesday, May 13th. Five investment analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the stock. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average target price of $394.00.

Jones Lang LaSalle Stock Performance

Shares of JLL stock opened at $284.85 on Tuesday. The business’s 50-day moving average price is $312.20 and its 200-day moving average price is $321.40. Jones Lang LaSalle Incorporated has a 12 month low of $217.21 and a 12 month high of $363.06. The firm has a market capitalization of $13.21 billion, a price-to-earnings ratio of 15.31 and a beta of 1.29. The company has a current ratio of 2.35, a quick ratio of 2.35 and a debt-to-equity ratio of 0.15.

Jones Lang LaSalle (NYSE:JLL) last issued its quarterly earnings data on Thursday, April 30th. The financial services provider reported $3.43 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $3.01 by $0.42. Jones Lang LaSalle had a return on equity of 13.01% and a net margin of 3.35%.The company had revenue of $6.39 billion during the quarter, compared to the consensus estimate of $6 billion. During the same period last year, the company earned $2.31 earnings per share. The firm’s revenue was up 11.1% compared to the same quarter last year. Equities research analysts forecast that Jones Lang LaSalle Incorporated will post 22.61 EPS for the current year.

Insider Transactions at Jones Lang LaSalle

In other news, CEO Richard Bloxam sold 5,440 shares of the firm’s stock in a transaction dated Tuesday, March 24th. The stock was sold at an average price of $296.94, for a total transaction of $1,615,353.60. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Deborah H. Mcaneny sold 2,500 shares of Jones Lang LaSalle stock in a transaction that occurred on Tuesday, March 10th. The stock was sold at an average price of $300.50, for a total value of $751,250.00. Following the completion of the sale, the director owned 14,985 shares of the company’s stock, valued at approximately $4,502,992.50. The trade was a 14.30% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. 0.91% of the stock is owned by company insiders.

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.