Causeway Capital Management LLC Reduces Stock Holdings in Jones Lang LaSalle Incorporated $JLL

Causeway Capital Management LLC decreased its stake in Jones Lang LaSalle Incorporated (NYSE:JLL) by 30.9% during the third quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 94,710 shares of the financial services provider’s stock after selling 42,347 shares during the quarter. Causeway Capital Management LLC’s holdings in Jones Lang LaSalle were worth $28,250,000 as of its most recent SEC filing.

A number of other large investors also recently bought and sold shares of the stock. Vestcor Inc grew its stake in shares of Jones Lang LaSalle by 29.4% during the 3rd quarter. Vestcor Inc now owns 3,882 shares of the financial services provider’s stock worth $1,158,000 after purchasing an additional 881 shares during the period. Swiss National Bank boosted its stake in shares of Jones Lang LaSalle by 1.4% during the 3rd quarter. Swiss National Bank now owns 92,000 shares of the financial services provider’s stock worth $27,442,000 after acquiring an additional 1,300 shares in the last quarter. Schroder Investment Management Group increased its stake in shares of Jones Lang LaSalle by 17.3% in the 3rd quarter. Schroder Investment Management Group now owns 2,902 shares of the financial services provider’s stock valued at $872,000 after purchasing an additional 429 shares in the last quarter. Inceptionr LLC purchased a new position in Jones Lang LaSalle during the third quarter worth approximately $1,038,000. Finally, Natixis Advisors LLC raised its stake in shares of Jones Lang LaSalle by 50.9% during the 3rd quarter. Natixis Advisors LLC now owns 20,609 shares of the financial services provider’s stock worth $6,147,000 after buying an additional 6,954 shares during the period. 94.80% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling at Jones Lang LaSalle

In related news, CEO Christian Ulbrich sold 5,000 shares of the firm’s stock in a transaction dated Wednesday, December 10th. The stock was sold at an average price of $330.87, for a total transaction of $1,654,350.00. Following the completion of the sale, the chief executive officer directly owned 114,781 shares of the company’s stock, valued at approximately $37,977,589.47. This trade represents a 4.17% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Corporate insiders own 0.91% of the company’s stock.

Analyst Upgrades and Downgrades

Several analysts have recently issued reports on JLL shares. UBS Group lifted their target price on shares of Jones Lang LaSalle from $410.00 to $425.00 and gave the company a “buy” rating in a research report on Monday, February 23rd. Barclays initiated coverage on Jones Lang LaSalle in a research note on Tuesday, December 2nd. They issued an “equal weight” rating and a $351.00 price objective for the company. Keefe, Bruyette & Woods lowered their price target on shares of Jones Lang LaSalle from $405.00 to $380.00 and set an “outperform” rating on the stock in a research report on Tuesday, February 24th. Wall Street Zen raised shares of Jones Lang LaSalle from a “buy” rating to a “strong-buy” rating in a research note on Sunday, January 11th. Finally, Weiss Ratings upgraded Jones Lang LaSalle from a “hold (c+)” rating to a “buy (b-)” rating in a research report on Friday, February 20th. One analyst has rated the stock with a Strong Buy rating, five have given a Buy rating and three have assigned a Hold rating to the stock. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average target price of $362.50.

Jones Lang LaSalle Price Performance

Shares of JLL stock opened at $301.79 on Tuesday. The firm’s 50-day moving average is $331.58 and its two-hundred day moving average is $318.68. Jones Lang LaSalle Incorporated has a 12 month low of $194.36 and a 12 month high of $363.06. The company has a debt-to-equity ratio of 0.10, a current ratio of 2.23 and a quick ratio of 2.23. The company has a market capitalization of $14.14 billion, a PE ratio of 18.39 and a beta of 1.42.

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

Jones Lang LaSalle 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.