DigitalBridge Group Inc. Invests $1.22 Million in Jones Lang LaSalle Incorporated $JLL

DigitalBridge Group Inc. bought a new stake in Jones Lang LaSalle Incorporated (NYSE:JLL) in the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm bought 4,100 shares of the financial services provider’s stock, valued at approximately $1,223,000.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Chilton Capital Management LLC raised its holdings in Jones Lang LaSalle by 33.0% in the 3rd quarter. Chilton Capital Management LLC now owns 133 shares of the financial services provider’s stock valued at $40,000 after acquiring an additional 33 shares in the last quarter. Quent Capital LLC acquired a new stake in shares of Jones Lang LaSalle during the 3rd quarter worth approximately $41,000. Root Financial Partners LLC bought a new stake in shares of Jones Lang LaSalle during the third quarter valued at approximately $44,000. Caldwell Trust Co acquired a new position in shares of Jones Lang LaSalle in the second quarter valued at $38,000. Finally, Steph & Co. bought a new position in Jones Lang LaSalle in the third quarter worth $50,000. 94.80% of the stock is currently owned by institutional investors.

Jones Lang LaSalle Trading Up 0.8%

Shares of JLL stock opened at $302.96 on Wednesday. The company has a market capitalization of $14.19 billion, a P/E ratio of 18.46 and a beta of 1.42. Jones Lang LaSalle Incorporated has a 12-month low of $194.36 and a 12-month high of $363.06. The company has a quick ratio of 2.23, a current ratio of 2.23 and a debt-to-equity ratio of 0.10. The firm has a 50-day moving average price of $326.24 and a 200 day moving average price of $318.32.

Jones Lang LaSalle (NYSE:JLL) last posted its quarterly earnings data 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 company had revenue of $7.61 billion during the quarter, compared to analyst estimates of $7.45 billion. Jones Lang LaSalle had a net margin of 3.03% and a return on equity of 12.50%. The company’s revenue was up 11.7% on a year-over-year basis. During the same quarter last year, the business posted $6.15 earnings per share. Research analysts forecast that Jones Lang LaSalle Incorporated will post 16.45 earnings per share for the current fiscal year.

Insiders Place Their Bets

In other Jones Lang LaSalle news, Director Deborah H. Mcaneny sold 2,500 shares of Jones Lang LaSalle stock in a transaction on Tuesday, March 10th. The stock was sold at an average price of $300.50, for a total value of $751,250.00. Following the completion of the transaction, the director owned 14,985 shares in the company, valued at approximately $4,502,992.50. The trade was a 14.30% decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. 0.91% of the stock is owned by corporate insiders.

Analyst Upgrades and Downgrades

Several equities research analysts have issued reports on the stock. UBS Group boosted their price target on shares of Jones Lang LaSalle from $410.00 to $425.00 and gave the company a “buy” rating in a report on Monday, February 23rd. Barclays lowered their target price on shares of Jones Lang LaSalle from $360.00 to $355.00 and set an “equal weight” rating on the stock in a research note on Friday, March 13th. Zacks Research upgraded shares of Jones Lang LaSalle from a “hold” rating to a “strong-buy” rating in a research note on Friday, February 20th. Weiss Ratings raised Jones Lang LaSalle from a “hold (c+)” rating to a “buy (b-)” rating in a report on Friday, February 20th. Finally, Wall Street Zen upgraded Jones Lang LaSalle from a “buy” rating to a “strong-buy” rating in a research report on Sunday, January 11th. One investment analyst has rated the stock with a Strong Buy rating, five have given a Buy rating and three have given a Hold rating to the company’s stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average target price of $363.17.

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.