Erste Asset Management GmbH Purchases 2,084 Shares of Jones Lang LaSalle Incorporated $JLL

Erste Asset Management GmbH increased its holdings in Jones Lang LaSalle Incorporated (NYSE:JLL) by 11.3% during the third quarter, according to its most recent disclosure with the SEC. The institutional investor owned 20,577 shares of the financial services provider’s stock after buying an additional 2,084 shares during the period. Erste Asset Management GmbH’s holdings in Jones Lang LaSalle were worth $6,181,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also added to or reduced their stakes in the business. Handelsbanken Fonder AB raised its holdings in shares of Jones Lang LaSalle by 31.8% in the 3rd quarter. Handelsbanken Fonder AB now owns 14,918 shares of the financial services provider’s stock valued at $4,450,000 after acquiring an additional 3,600 shares in the last quarter. R Squared Ltd purchased a new stake in Jones Lang LaSalle in the third quarter valued at approximately $701,000. Xponance Inc. lifted its position in Jones Lang LaSalle by 11.4% during the third quarter. Xponance Inc. now owns 9,116 shares of the financial services provider’s stock valued at $2,719,000 after purchasing an additional 936 shares during the last quarter. AlphaCore Capital LLC grew its stake in Jones Lang LaSalle by 54.2% in the 3rd quarter. AlphaCore Capital LLC now owns 950 shares of the financial services provider’s stock worth $283,000 after buying an additional 334 shares in the last quarter. Finally, Centersquare Investment Management LLC increased its holdings in shares of Jones Lang LaSalle by 12.1% in the 3rd quarter. Centersquare Investment Management LLC now owns 1,110 shares of the financial services provider’s stock worth $331,000 after buying an additional 120 shares during the last quarter. 94.80% of the stock is currently owned by hedge funds and other institutional investors.

Insider Activity

In related news, CEO Christian Ulbrich sold 5,000 shares of Jones Lang LaSalle stock in a transaction on Wednesday, December 3rd. The shares were sold at an average price of $330.24, for a total value of $1,651,200.00. Following the transaction, the chief executive officer directly owned 129,445 shares of the company’s stock, valued at $42,747,916.80. The trade was a 3.72% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Insiders have sold a total of 14,760 shares of company stock valued at $4,878,238 in the last quarter. 0.91% of the stock is currently owned by company insiders.

Wall Street Analysts Forecast Growth

A number of analysts have recently issued reports on JLL shares. 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. UBS Group raised their price target on Jones Lang LaSalle from $410.00 to $425.00 and gave the company a “buy” rating in a research report on Monday, February 23rd. Keefe, Bruyette & Woods cut their price objective on Jones Lang LaSalle from $405.00 to $380.00 and set an “outperform” rating for the company in a report on Tuesday. Barclays assumed coverage on Jones Lang LaSalle in a report on Tuesday, December 2nd. They set an “equal weight” rating and a $351.00 price objective on the stock. Finally, Zacks Research upgraded Jones Lang LaSalle from a “hold” rating to a “strong-buy” rating in a research report on Friday, February 20th. One research analyst has rated the stock with a Strong Buy rating, five have given a Buy rating and three have issued a Hold rating to the company. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average target price of $362.50.

Jones Lang LaSalle Stock Down 2.3%

JLL opened at $315.28 on Friday. Jones Lang LaSalle Incorporated has a 12 month low of $194.36 and a 12 month high of $363.06. The company has a current ratio of 2.23, a quick ratio of 2.23 and a debt-to-equity ratio of 0.10. The business’s 50-day moving average price is $336.00 and its 200-day moving average price is $317.77. The company has a market cap of $14.77 billion, a P/E ratio of 19.21 and a beta of 1.42.

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