Vanguard Group Inc. Cuts Holdings in Jones Lang LaSalle Incorporated $JLL

Vanguard Group Inc. cut its holdings in Jones Lang LaSalle Incorporated (NYSE:JLL) by 0.4% during the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 6,855,190 shares of the financial services provider’s stock after selling 26,881 shares during the quarter. Vanguard Group Inc. owned 0.14% of Jones Lang LaSalle worth $2,044,766,000 as of its most recent SEC filing.

Several other large investors have also recently bought and sold shares of the business. Chilton Capital Management LLC purchased a new position in shares of Jones Lang LaSalle in the 2nd quarter valued at about $26,000. Caldwell Trust Co acquired a new position in Jones Lang LaSalle during the second quarter worth about $38,000. Quent Capital LLC purchased a new position in Jones Lang LaSalle in the third quarter valued at about $41,000. Root Financial Partners LLC acquired a new stake in shares of Jones Lang LaSalle during the 3rd quarter valued at approximately $44,000. Finally, Steph & Co. purchased a new stake in shares of Jones Lang LaSalle during the 3rd quarter worth approximately $50,000. Hedge funds and other institutional investors own 94.80% of the company’s stock.

Wall Street Analyst Weigh In

JLL has been the topic of a number of research analyst reports. The Goldman Sachs Group boosted their target price on Jones Lang LaSalle from $361.00 to $407.00 and gave the stock a “buy” rating in a research report on Wednesday, November 26th. Wall Street Zen upgraded shares of Jones Lang LaSalle from a “buy” rating to a “strong-buy” rating in a research report on Sunday, January 11th. Keefe, Bruyette & Woods increased their price objective on shares of Jones Lang LaSalle from $390.00 to $405.00 and gave the company an “outperform” rating in a research note on Thursday, January 8th. UBS Group upped their price target on shares of Jones Lang LaSalle from $360.00 to $410.00 and gave the company a “buy” rating in a report on Wednesday, January 28th. Finally, Barclays assumed coverage on shares of Jones Lang LaSalle in a research report on Tuesday, December 2nd. They issued an “equal weight” rating and a $351.00 price target on the stock. Four research analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the company. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus price target of $364.17.

Jones Lang LaSalle Price Performance

JLL stock opened at $314.20 on Friday. The stock has a market capitalization of $14.83 billion, a price-to-earnings ratio of 19.15 and a beta of 1.42. The company has a quick ratio of 2.31, a current ratio of 2.23 and a debt-to-equity ratio of 0.10. Jones Lang LaSalle Incorporated has a 52-week low of $194.36 and a 52-week high of $363.06. The stock’s fifty day simple moving average is $338.38 and its 200-day simple moving average is $316.14.

Jones Lang LaSalle (NYSE:JLL) last released its earnings results on Wednesday, February 18th. The financial services provider reported $8.71 earnings per share for the quarter, topping the consensus estimate of $7.25 by $1.46. The firm had revenue of $7.61 billion for the quarter, compared to the consensus estimate of $7.45 billion. Jones Lang LaSalle had a return on equity of 12.50% and a net margin of 3.03%.The firm’s revenue for the quarter was up 11.7% compared to the same quarter last year. During the same period in the prior year, the business posted $6.15 earnings per share. Equities research analysts expect that Jones Lang LaSalle Incorporated will post 16.45 EPS for the current year.

Insider Transactions at Jones Lang LaSalle

In related news, CEO Christian Ulbrich sold 96 shares of the company’s stock in a transaction that occurred on Thursday, December 11th. The shares were 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 of the company’s stock, valued at approximately $38,096,063.30. This represents a 0.08% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Insiders have sold 20,000 shares of company stock valued at $6,609,091 in the last ninety days. 0.91% of the stock is currently 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.