Leeward Investments LLC MA Purchases 1,772 Shares of Jones Lang LaSalle Incorporated $JLL

Leeward Investments LLC MA boosted its position in shares of Jones Lang LaSalle Incorporated (NYSE:JLL) by 5.3% during the 3rd quarter, HoldingsChannel reports. The fund owned 35,215 shares of the financial services provider’s stock after buying an additional 1,772 shares during the quarter. Leeward Investments LLC MA’s holdings in Jones Lang LaSalle were worth $10,759,000 as of its most recent filing with the Securities & Exchange Commission.

Several other large investors have also recently added to or reduced their stakes in the company. Deutsche Bank AG bought a new stake in shares of Jones Lang LaSalle during the second quarter valued at approximately $6,504,000. Tidal Investments LLC raised its stake in shares of Jones Lang LaSalle by 47.9% in the second quarter. Tidal Investments LLC now owns 78,419 shares of the financial services provider’s stock valued at $24,306,000 after purchasing an additional 25,413 shares in the last quarter. Moran Wealth Management LLC bought a new position in Jones Lang LaSalle in the first quarter worth $4,405,000. Principal Financial Group Inc. lifted its position in Jones Lang LaSalle by 279.6% in the first quarter. Principal Financial Group Inc. now owns 429,418 shares of the financial services provider’s stock worth $130,683,000 after purchasing an additional 316,299 shares during the period. Finally, Lazard Asset Management LLC boosted its stake in Jones Lang LaSalle by 36.3% during the first quarter. Lazard Asset Management LLC now owns 11,087 shares of the financial services provider’s stock worth $3,374,000 after buying an additional 2,955 shares in the last quarter. Institutional investors and hedge funds own 94.80% of the company’s stock.

Jones Lang LaSalle Trading Down 0.0%

Shares of JLL opened at $300.22 on Monday. Jones Lang LaSalle Incorporated has a 1 year low of $259.83 and a 1 year high of $393.84. The company has a current ratio of 2.40, a quick ratio of 2.40 and a debt-to-equity ratio of 0.15. The stock has a 50 day simple moving average of $336.05 and a 200-day simple moving average of $326.52. The stock has a market cap of $13.76 billion, a PE ratio of 14.39 and a beta of 1.30.

Jones Lang LaSalle (NYSE:JLL) last posted its earnings results on Thursday, July 30th. The financial services provider reported $5.26 EPS for the quarter, topping the consensus estimate of $4.56 by $0.70. The business had revenue of $6.93 billion during the quarter, compared to the consensus estimate 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 revenue was up 10.8% on a year-over-year basis. During the same quarter last year, the company earned $3.30 EPS. On average, sell-side analysts predict that Jones Lang LaSalle Incorporated will post 24.89 EPS for the current fiscal year.

Insider Transactions at Jones Lang LaSalle

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

Analyst Upgrades and Downgrades

Several brokerages have issued reports on JLL. Keefe, Bruyette & Woods lowered their price target on shares of Jones Lang LaSalle from $415.00 to $385.00 and set an “outperform” rating on the stock in a report on Friday, October 9th. Barclays raised their price objective on shares of Jones Lang LaSalle from $368.00 to $401.00 and gave the stock an “equal weight” rating in a report on Monday, August 17th. Citigroup reaffirmed a “market perform” rating on shares of Jones Lang LaSalle in a report on Thursday, September 17th. Raymond James Financial reiterated a “strong-buy” rating and set a $500.00 target price on shares of Jones Lang LaSalle in a research report on Thursday, July 30th. Finally, Weiss Ratings raised shares of Jones Lang LaSalle from a “buy (b-)” rating to a “buy (b)” rating in a research note on Tuesday, August 18th. One analyst has rated the stock with a Strong Buy rating, four have assigned a Buy rating and three have issued a Hold rating to the company. Based on data from MarketBeat, Jones Lang LaSalle presently has a consensus rating of “Moderate Buy” and a consensus price target of $427.60.

About Jones Lang LaSalle

Jones Lang LaSalle Incorporated, doing business as JLL, is a global commercial real estate services and investment management company. It serves property owners, occupiers, investors and developers across a broad range of real estate sectors, including office, industrial, retail, residential, hospitality and specialized properties.

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