Franklin Resources Inc. Raises Holdings in Jones Lang LaSalle Incorporated $JLL

Franklin Resources Inc. raised its stake in Jones Lang LaSalle Incorporated (NYSE:JLL) by 18.0% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 134,619 shares of the financial services provider’s stock after purchasing an additional 20,512 shares during the period. Franklin Resources Inc.’s holdings in Jones Lang LaSalle were worth $34,433,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other large investors have also recently made changes to their positions in the company. Chilton Capital Management LLC acquired a new stake in Jones Lang LaSalle in the second quarter valued at approximately $26,000. Thurston Springer Miller Herd & Titak Inc. increased its position in shares of Jones Lang LaSalle by 322.6% in the 2nd quarter. Thurston Springer Miller Herd & Titak Inc. now owns 131 shares of the financial services provider’s stock valued at $34,000 after purchasing an additional 100 shares during the last quarter. SVB Wealth LLC acquired a new stake in shares of Jones Lang LaSalle in the 1st quarter valued at $38,000. Traub Capital Management LLC purchased a new stake in shares of Jones Lang LaSalle during the 2nd quarter worth $52,000. Finally, Whittier Trust Co. grew its stake in shares of Jones Lang LaSalle by 40.9% during the second quarter. Whittier Trust Co. now owns 217 shares of the financial services provider’s stock worth $56,000 after purchasing an additional 63 shares in the last quarter. 94.80% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

A number of brokerages have issued reports on JLL. Wall Street Zen raised Jones Lang LaSalle from a “buy” rating to a “strong-buy” rating in a report on Saturday, November 8th. Weiss Ratings restated a “hold (c+)” rating on shares of Jones Lang LaSalle in a research note on Wednesday, October 8th. UBS Group upped their price target on Jones Lang LaSalle from $340.00 to $360.00 and gave the company a “buy” rating in a report on Friday, October 10th. Keefe, Bruyette & Woods raised their price objective on shares of Jones Lang LaSalle from $317.00 to $345.00 and gave the stock an “outperform” rating in a report on Thursday, October 9th. Finally, The Goldman Sachs Group upped their target price on shares of Jones Lang LaSalle from $361.00 to $407.00 and gave the company a “buy” rating in a report on Wednesday. One equities research analyst has rated the stock with a Strong Buy rating, four have assigned a Buy rating and four have assigned a Hold rating to the stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average target price of $340.67.

Insider Buying and Selling

In other news, CEO Christian Ulbrich sold 5,000 shares of the company’s stock in a transaction dated Tuesday, November 25th. The shares were sold at an average price of $330.33, for a total value of $1,651,650.00. Following the completion of the sale, the chief executive officer directly owned 139,685 shares of the company’s stock, valued at approximately $46,142,146.05. This represents a 3.46% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Corporate insiders own 0.91% of the company’s stock.

Jones Lang LaSalle Price Performance

Shares of NYSE JLL opened at $330.26 on Thursday. The stock has a market cap of $15.59 billion, a P/E ratio of 28.40 and a beta of 1.46. Jones Lang LaSalle Incorporated has a twelve month low of $194.36 and a twelve month high of $335.83. The stock has a 50 day moving average of $303.10 and a two-hundred day moving average of $277.30. The company has a current ratio of 2.35, a quick ratio of 2.35 and a debt-to-equity ratio of 0.16.

Jones Lang LaSalle (NYSE:JLL) last announced its earnings results on Wednesday, November 5th. The financial services provider reported $4.50 EPS for the quarter, beating analysts’ consensus estimates of $4.24 by $0.26. The business had revenue of $6.51 billion for the quarter, compared to analysts’ expectations of $6.49 billion. Jones Lang LaSalle had a net margin of 2.28% and a return on equity of 10.63%. The company’s quarterly revenue was up 10.9% on a year-over-year basis. During the same period in the previous year, the company posted $3.50 EPS. On average, research analysts forecast that Jones Lang LaSalle Incorporated will post 16.45 earnings per share for the current year.

Jones Lang LaSalle Company Profile

Jones Lang LaSalle Incorporated operates as a commercial real estate and investment management company. It engages in the buying, building, occupying, managing, and investing in a commercial, industrial, hotel, residential, and retail properties in Americas, Europe, the Middle East, Africa, and the Asia Pacific.