Jones Lang LaSalle Incorporated $JLL Stock: One Way Holdings LLC Grows Stake

One Way Holdings LLC raised its holdings in shares of Jones Lang LaSalle Incorporated (NYSE:JLL) by 147.8% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 43,246 shares of the financial services provider’s stock after acquiring an additional 25,793 shares during the period. One Way Holdings LLC owned about 0.09% of Jones Lang LaSalle worth $13,213,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently made changes to their positions in the business. BlackRock Inc. bought a new position in shares of Jones Lang LaSalle during the 2nd quarter valued at $1,446,414,000. Principal Financial Group Inc. lifted its position in Jones Lang LaSalle by 279.6% in the first quarter. Principal Financial Group Inc. now owns 429,418 shares of the financial services provider’s stock valued at $130,683,000 after purchasing an additional 316,299 shares during the last quarter. Bank of New York Mellon Corp purchased a new stake in shares of Jones Lang LaSalle during the second quarter valued at approximately $87,669,000. Bank of America Corp DE purchased a new stake in shares of Jones Lang LaSalle during the second quarter valued at approximately $83,791,000. Finally, Equity Investment Corp bought a new position in shares of Jones Lang LaSalle in the second quarter worth approximately $81,056,000. 94.80% of the stock is currently owned by institutional investors.

Jones Lang LaSalle Stock Performance

Jones Lang LaSalle stock opened at $359.53 on Monday. The company has a debt-to-equity ratio of 0.13, a current ratio of 2.43 and a quick ratio of 2.43. The firm has a market capitalization of $16.42 billion, a P/E ratio of 15.56 and a beta of 1.29. The company’s 50-day moving average is $331.39 and its 200 day moving average is $324.51. Jones Lang LaSalle Incorporated has a 1-year low of $259.83 and a 1-year high of $393.84.

Jones Lang LaSalle (NYSE:JLL) last posted its quarterly earnings results on Wednesday, October 28th. The financial services provider reported $6.76 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $6.15 by $0.61. Jones Lang LaSalle had a return on equity of 15.05% and a net margin of 3.89%. The business had revenue of $7.28 billion for the quarter, compared to the consensus estimate of $7.24 billion. During the same quarter in the prior year, the company earned $4.50 EPS. The business’s revenue was up 11.8% compared to the same quarter last year. Research analysts forecast that Jones Lang LaSalle Incorporated will post 25.16 EPS for the current year.

Insider Activity

In other news, CEO Christian Ulbrich sold 2,000 shares of Jones Lang LaSalle stock in a transaction on Thursday, August 20th. The stock was sold at an average price of $385.53, for a total value of $771,060.00. Following the transaction, the chief executive officer directly owned 138,418 shares in the company, valued at approximately $53,364,291.54. This trade represents a 1.42% decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. In the last quarter, insiders sold 6,000 shares of company stock valued at $2,271,060. Company insiders own 0.91% of the company’s stock.

Wall Street Analysts Forecast Growth

JLL has been the topic of several recent analyst reports. Zacks Research cut Jones Lang LaSalle from a “strong-buy” rating to a “hold” rating in a research note on Thursday, July 23rd. Weiss Ratings upgraded shares of Jones Lang LaSalle from a “buy (b-)” rating to a “buy (b)” rating in a report on Tuesday, August 18th. Wall Street Zen lowered shares of Jones Lang LaSalle from a “strong-buy” rating to a “buy” rating in a report on Saturday. Keefe, Bruyette & Woods decreased their price objective on Jones Lang LaSalle from $415.00 to $385.00 and set an “outperform” rating for the company in a report on Friday, October 9th. Finally, Citigroup reaffirmed a “market perform” rating on shares of Jones Lang LaSalle in a research report on Thursday, September 17th. One investment analyst has rated the stock with a Strong Buy rating, four have assigned a Buy rating and three have assigned a Hold rating to the stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $427.60.

About Jones Lang LaSalle

Jones Lang LaSalle Incorporated, doing business as JLL, is a global commercial real estate services and investment management company. It serves property owners, occupiers, investors and developers across a broad range of real estate sectors, including office, industrial, retail, residential, hospitality and specialized properties.

JLL’s services include leasing, capital markets and investment sales, property and facilities management, project and development management, valuation and advisory services, workplace strategy, sustainability consulting and real estate technology solutions.