AustralianSuper Pty Ltd Takes Position in Jones Lang LaSalle Incorporated $JLL

AustralianSuper Pty Ltd purchased a new position in shares of Jones Lang LaSalle Incorporated (NYSE:JLL) in the third quarter, Holdings Channel.com reports. The institutional investor purchased 107,897 shares of the financial services provider’s stock, valued at approximately $32,184,000.

Several other institutional investors have also recently added to or reduced their stakes in the stock. Ballentine Partners LLC bought a new stake in shares of Jones Lang LaSalle in the 3rd quarter worth about $269,000. Truist Financial Corp lifted its position in shares of Jones Lang LaSalle by 4.7% during the third quarter. Truist Financial Corp now owns 222,230 shares of the financial services provider’s stock worth $66,287,000 after purchasing an additional 9,955 shares during the last quarter. Riverwater Partners LLC grew its stake in Jones Lang LaSalle by 3.8% in the third quarter. Riverwater Partners LLC now owns 5,316 shares of the financial services provider’s stock worth $1,586,000 after purchasing an additional 196 shares in the last quarter. Chilton Capital Management LLC increased its holdings in Jones Lang LaSalle by 33.0% in the third quarter. Chilton Capital Management LLC now owns 133 shares of the financial services provider’s stock valued at $40,000 after buying an additional 33 shares during the last quarter. Finally, Pier 88 Investment Partners LLC bought a new position in Jones Lang LaSalle during the 3rd quarter worth approximately $119,000. 94.80% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several research firms recently issued reports on JLL. Weiss Ratings reissued a “hold (c+)” rating on shares of Jones Lang LaSalle in a research report on Thursday, January 22nd. Keefe, Bruyette & Woods raised their price target on shares of Jones Lang LaSalle from $390.00 to $405.00 and gave the stock an “outperform” rating in a research report on Thursday, January 8th. Barclays initiated coverage on shares of Jones Lang LaSalle in a research report on Tuesday, December 2nd. They set an “equal weight” rating and a $351.00 price objective for the company. Wall Street Zen raised shares of Jones Lang LaSalle from a “buy” rating to a “strong-buy” rating in a report on Sunday, January 11th. Finally, UBS Group lifted their target price on Jones Lang LaSalle from $360.00 to $410.00 and gave the company a “buy” rating in a research note on Wednesday. Four investment analysts have rated the stock with a Buy rating and five have given a Hold rating to the stock. According to MarketBeat, the stock currently has an average rating of “Hold” and a consensus price target of $364.17.

Jones Lang LaSalle Trading Up 0.5%

Shares of NYSE:JLL opened at $358.22 on Friday. The company has a quick ratio of 2.31, a current ratio of 2.31 and a debt-to-equity ratio of 0.13. The company’s 50-day moving average price is $339.90 and its 200 day moving average price is $309.83. The company has a market cap of $16.90 billion, a PE ratio of 27.47 and a beta of 1.42. 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 announced its quarterly earnings results on Wednesday, November 5th. The financial services provider reported $4.50 EPS for the quarter, beating the consensus estimate of $4.24 by $0.26. The company had revenue of $6.51 billion for the quarter, compared to analyst estimates of $6.49 billion. Jones Lang LaSalle had a net margin of 2.49% and a return on equity of 11.10%. Jones Lang LaSalle’s revenue was up 10.9% compared to the same quarter last year. During the same quarter last year, the business earned $3.50 earnings per share. Sell-side analysts anticipate that Jones Lang LaSalle Incorporated will post 16.45 earnings per share for the current year.

Insiders Place Their Bets

In other Jones Lang LaSalle news, CEO Christian Ulbrich sold 96 shares of the business’s stock in a transaction 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 completion of the transaction, the chief executive officer owned 114,685 shares in the company, valued at approximately $38,096,063.30. The trade was a 0.08% decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Over the last 90 days, insiders sold 20,000 shares of company stock worth $6,609,091. 0.91% of the stock is owned by 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.