Blair William & Co. IL Acquires 63,272 Shares of Jones Lang LaSalle Incorporated $JLL

Blair William & Co. IL grew its holdings in Jones Lang LaSalle Incorporated (NYSE:JLL) by 22.3% in the 4th quarter, Holdings Channel reports. The fund owned 346,764 shares of the financial services provider’s stock after purchasing an additional 63,272 shares during the quarter. Blair William & Co. IL’s holdings in Jones Lang LaSalle were worth $116,676,000 at the end of the most recent quarter.

Several other large investors also recently modified their holdings of the business. Rothschild Wealth LLC bought a new position in shares of Jones Lang LaSalle during the fourth quarter worth about $305,000. Delta Global Management LP bought a new position in shares of Jones Lang LaSalle during the fourth quarter worth about $9,632,000. Silvant Capital Management LLC grew its holdings in shares of Jones Lang LaSalle by 1.6% during the fourth quarter. Silvant Capital Management LLC now owns 14,626 shares of the financial services provider’s stock worth $4,921,000 after buying an additional 235 shares in the last quarter. Vanguard Personalized Indexing Management LLC grew its holdings in shares of Jones Lang LaSalle by 2.6% during the fourth quarter. Vanguard Personalized Indexing Management LLC now owns 9,183 shares of the financial services provider’s stock worth $3,090,000 after buying an additional 235 shares in the last quarter. Finally, Panagora Asset Management Inc. grew its holdings in shares of Jones Lang LaSalle by 775.8% during the fourth quarter. Panagora Asset Management Inc. now owns 81,312 shares of the financial services provider’s stock worth $27,359,000 after buying an additional 72,028 shares in the last quarter. 94.80% of the stock is currently owned by institutional investors.

Jones Lang LaSalle Stock Up 1.5%

Jones Lang LaSalle stock opened at $302.62 on Wednesday. The company has a debt-to-equity ratio of 0.15, a current ratio of 2.35 and a quick ratio of 2.35. The company’s 50-day moving average is $311.77 and its 200-day moving average is $320.55. The firm has a market capitalization of $14.04 billion, a PE ratio of 16.27 and a beta of 1.29. Jones Lang LaSalle Incorporated has a fifty-two week low of $233.14 and a fifty-two week high of $363.06.

Jones Lang LaSalle (NYSE:JLL) last issued its earnings results on Thursday, April 30th. The financial services provider reported $3.43 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $3.01 by $0.42. The company had revenue of $6.39 billion for the quarter, compared to analysts’ expectations of $6 billion. Jones Lang LaSalle had a net margin of 3.35% and a return on equity of 13.01%. Jones Lang LaSalle’s quarterly revenue was up 11.1% compared to the same quarter last year. During the same period in the prior year, the firm earned $2.31 EPS. Sell-side analysts anticipate that Jones Lang LaSalle Incorporated will post 22.8 earnings per share for the current year.

Insider Activity at Jones Lang LaSalle

In other news, CEO Richard Bloxam sold 5,440 shares of Jones Lang LaSalle stock in a transaction that occurred on 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 is available through this link. Also, Director Larry Quinlan sold 403 shares of Jones Lang LaSalle stock in a transaction that occurred on Friday, June 5th. The stock was sold at an average price of $295.14, for a total value of $118,941.42. Following the transaction, the director owned 4,771 shares of the company’s stock, valued at $1,408,112.94. This represents a 7.79% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders have sold a total of 6,245 shares of company stock valued at $1,855,590 over the last quarter. 0.91% of the stock is currently owned by corporate insiders.

Analyst Ratings Changes

A number of research analysts recently issued reports on JLL shares. Weiss Ratings downgraded Jones Lang LaSalle from a “buy (b)” rating to a “buy (b-)” rating in a report on Thursday, May 28th. Keefe, Bruyette & Woods decreased their price objective on Jones Lang LaSalle from $405.00 to $380.00 and set an “outperform” rating for the company in a report on Tuesday, February 24th. Barclays increased their price objective on Jones Lang LaSalle from $348.00 to $366.00 and gave the stock an “equal weight” rating in a report on Wednesday, May 13th. UBS Group increased their price target on Jones Lang LaSalle from $425.00 to $445.00 and gave the company a “buy” rating in a research report on Wednesday, April 22nd. Finally, Zacks Research cut Jones Lang LaSalle from a “strong-buy” rating to a “hold” rating in a research report on Friday, April 24th. Five equities research analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company. According to data from MarketBeat, Jones Lang LaSalle currently has a consensus rating of “Moderate Buy” and an average price target of $394.00.

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.