Greenland Capital Management LP Sells 22,981 Shares of Jones Lang LaSalle Incorporated $JLL

Greenland Capital Management LP lowered its stake in shares of Jones Lang LaSalle Incorporated (NYSE:JLL) by 88.5% in the third quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 3,000 shares of the financial services provider’s stock after selling 22,981 shares during the quarter. Greenland Capital Management LP’s holdings in Jones Lang LaSalle were worth $895,000 at the end of the most recent quarter.

Other institutional investors also recently modified their holdings of the company. Norges Bank bought a new stake in shares of Jones Lang LaSalle during the 2nd quarter worth $160,187,000. EdgePoint Investment Group Inc. lifted its position in Jones Lang LaSalle by 21.0% during the 2nd quarter. EdgePoint Investment Group Inc. now owns 2,221,528 shares of the financial services provider’s stock worth $568,222,000 after acquiring an additional 386,184 shares during the last quarter. Equity Investment Corp bought a new stake in Jones Lang LaSalle during the third quarter valued at about $72,132,000. Long Pond Capital LP acquired a new stake in shares of Jones Lang LaSalle in the second quarter valued at about $51,370,000. Finally, Ensign Peak Advisors Inc increased its stake in shares of Jones Lang LaSalle by 749.7% in the second quarter. Ensign Peak Advisors Inc now owns 153,616 shares of the financial services provider’s stock worth $39,292,000 after purchasing an additional 135,538 shares during the period. Institutional investors own 94.80% of the company’s stock.

Jones Lang LaSalle Trading Down 3.4%

Shares of Jones Lang LaSalle stock opened at $303.41 on Tuesday. Jones Lang LaSalle Incorporated has a 52-week low of $194.36 and a 52-week high of $363.06. The firm has a market capitalization of $14.21 billion, a PE ratio of 18.49 and a beta of 1.42. 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’s fifty day moving average price is $337.47 and its two-hundred day moving average price is $317.24.

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. 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 for the quarter, compared to analyst estimates of $7.45 billion. During the same period in the previous year, the business earned $6.15 EPS. The firm’s revenue was up 11.7% on a year-over-year basis. On average, analysts expect that Jones Lang LaSalle Incorporated will post 16.45 EPS for the current year.

Insider Buying and Selling at Jones Lang LaSalle

In other news, CEO Christian Ulbrich sold 96 shares of the stock in a transaction that occurred on Thursday, December 11th. The stock was sold at an average price of $332.18, for a total value of $31,889.28. Following the completion of the transaction, the chief executive officer directly owned 114,685 shares of the company’s stock, valued at approximately $38,096,063.30. This represents a 0.08% decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. In the last 90 days, insiders sold 15,000 shares of company stock valued at $4,957,441. Corporate insiders own 0.91% of the company’s stock.

Wall Street Analyst Weigh In

JLL has been the topic of a number of research analyst reports. Keefe, Bruyette & Woods raised their target price on Jones Lang LaSalle from $390.00 to $405.00 and gave the company an “outperform” rating in a report on Thursday, January 8th. The Goldman Sachs Group raised their price objective on shares of Jones Lang LaSalle from $361.00 to $407.00 and gave the stock a “buy” rating in a research note on Wednesday, November 26th. UBS Group upped 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 note on Monday. Zacks Research upgraded shares of Jones Lang LaSalle from a “hold” rating to a “strong-buy” rating in a research report on Friday. Finally, Wall Street Zen raised shares of Jones Lang LaSalle from a “buy” rating to a “strong-buy” rating in a research report on Sunday, January 11th. One research analyst has rated the stock with a Strong Buy rating, five have assigned a Buy rating and three have assigned a Hold rating to the company’s stock. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average target price of $366.67.

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.