Artemis Investment Management LLP Raises Holdings in Jones Lang LaSalle Incorporated $JLL

Artemis Investment Management LLP raised its stake in shares of Jones Lang LaSalle Incorporated (NYSE:JLL) by 23.2% during the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 460,389 shares of the financial services provider’s stock after purchasing an additional 86,563 shares during the period. Jones Lang LaSalle accounts for about 1.1% of Artemis Investment Management LLP’s portfolio, making the stock its 25th biggest position. Artemis Investment Management LLP’s holdings in Jones Lang LaSalle were worth $140,658,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors and hedge funds have also recently modified their holdings of the stock. Private Client Services LLC purchased a new stake in Jones Lang LaSalle during the 3rd quarter valued at $313,000. Versant Capital Management Inc increased its position in Jones Lang LaSalle by 8.1% during the third quarter. Versant Capital Management Inc now owns 469 shares of the financial services provider’s stock valued at $143,000 after acquiring an additional 35 shares during the last quarter. QRG Capital Management Inc. raised its stake in shares of Jones Lang LaSalle by 75.3% in the second quarter. QRG Capital Management Inc. now owns 27,400 shares of the financial services provider’s stock valued at $8,493,000 after acquiring an additional 11,771 shares during the period. Envestnet Portfolio Solutions Inc. lifted its holdings in shares of Jones Lang LaSalle by 36.1% in the 2nd quarter. Envestnet Portfolio Solutions Inc. now owns 6,030 shares of the financial services provider’s stock worth $1,869,000 after acquiring an additional 1,600 shares during the last quarter. Finally, Tidal Investments LLC boosted its stake in shares of Jones Lang LaSalle by 47.9% during the 2nd quarter. Tidal Investments LLC now owns 78,419 shares of the financial services provider’s stock worth $24,306,000 after purchasing an additional 25,413 shares during the period. Hedge funds and other institutional investors own 94.80% of the company’s stock.

Insider Buying and Selling at Jones Lang LaSalle

In other Jones Lang LaSalle news, CEO Christian Ulbrich sold 2,000 shares of the company’s stock in a transaction on Thursday, August 20th. The stock was sold at an average price of $385.53, for a total value of $771,060.00. Following the completion of the sale, the chief executive officer directly owned 138,418 shares in the company, valued at approximately $53,364,291.54. This represents a 1.42% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. In the last three months, insiders sold 6,000 shares of company stock valued at $2,271,060. 0.91% of the stock is currently owned by corporate insiders.

Analyst Upgrades and Downgrades

JLL has been the topic of a number of recent analyst reports. Weiss Ratings raised shares of Jones Lang LaSalle from a “buy (b-)” rating to a “buy (b)” rating in a research report on Tuesday, August 18th. Keefe, Bruyette & Woods upped their target price on Jones Lang LaSalle from $375.00 to $415.00 and gave the company an “outperform” rating in a research note on Monday, August 3rd. Barclays raised their price target on Jones Lang LaSalle from $368.00 to $401.00 and gave the stock an “equal weight” rating in a research note on Monday, August 17th. Raymond James Financial reaffirmed a “strong-buy” rating and issued a $500.00 price objective on shares of Jones Lang LaSalle in a research report on Thursday, July 30th. Finally, Citigroup reiterated a “market perform” rating on shares of Jones Lang LaSalle in a research note on Thursday, September 17th. One equities research analyst has rated the stock with a Strong Buy rating, four have issued a Buy rating and three have given a Hold rating to the stock. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus target price of $433.60.

Jones Lang LaSalle Trading Up 0.6%

Shares of NYSE:JLL traded up $1.84 during trading on Thursday, reaching $298.50. 157,506 shares of the company were exchanged, compared to its average volume of 435,083. The business’s fifty day simple moving average is $350.80 and its 200-day simple moving average is $326.28. The company has a debt-to-equity ratio of 0.15, a current ratio of 2.40 and a quick ratio of 2.40. Jones Lang LaSalle Incorporated has a 12-month low of $259.83 and a 12-month high of $393.84. The firm has a market capitalization of $13.68 billion, a PE ratio of 14.30 and a beta of 1.30.

Jones Lang LaSalle (NYSE:JLL) last announced its quarterly earnings results on Thursday, July 30th. The financial services provider reported $5.26 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $4.56 by $0.70. The firm had revenue of $6.93 billion during the quarter, compared to analyst estimates of $6.88 billion. Jones Lang LaSalle had a return on equity of 13.99% and a net margin of 3.64%.Jones Lang LaSalle’s quarterly revenue was up 10.8% on a year-over-year basis. During the same quarter in the previous year, the business earned $3.30 earnings per share. On average, research analysts anticipate that Jones Lang LaSalle Incorporated will post 25.18 EPS for the current year.

About Jones Lang LaSalle

Jones Lang LaSalle Incorporated (NYSE: JLL) is a global commercial real estate services and investment management company headquartered in Chicago, Illinois. The company provides real estate expertise to corporate, institutional and private clients across office, industrial, retail, residential, hotel and other property sectors.

JLL’s services include leasing, property and facilities management, capital markets advisory, investment sales, valuation, development and project management, workplace consulting, and strategic real estate advice.