Legal & General Group Plc Acquires 20,429 Shares of Jones Lang LaSalle Incorporated $JLL

Legal & General Group Plc raised its holdings in Jones Lang LaSalle Incorporated (NYSE:JLL) by 18.4% during the 2nd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 131,297 shares of the financial services provider’s stock after acquiring an additional 20,429 shares during the period. Legal & General Group Plc’s holdings in Jones Lang LaSalle were worth $33,583,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently modified their holdings of the company. Chilton Capital Management LLC purchased a new stake in Jones Lang LaSalle in the second quarter valued at approximately $26,000. Thurston Springer Miller Herd & Titak Inc. grew its stake in 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 worth $34,000 after buying an additional 100 shares in the last quarter. SVB Wealth LLC bought a new position in shares of Jones Lang LaSalle in the 1st quarter worth $38,000. Traub Capital Management LLC purchased a new stake in shares of Jones Lang LaSalle during the 2nd quarter valued at $52,000. Finally, Whittier Trust Co. lifted its holdings in shares of Jones Lang LaSalle by 40.9% during the 2nd quarter. Whittier Trust Co. now owns 217 shares of the financial services provider’s stock worth $56,000 after acquiring an additional 63 shares during the last quarter. Hedge funds and other institutional investors own 94.80% of the company’s stock.

Analyst Ratings Changes

A number of research analysts recently commented on JLL shares. Weiss Ratings reissued a “hold (c+)” rating on shares of Jones Lang LaSalle in a research note on Wednesday, October 8th. Keefe, Bruyette & Woods lifted their price target on Jones Lang LaSalle from $317.00 to $345.00 and gave the stock an “outperform” rating in a research note on Thursday, October 9th. Wall Street Zen upgraded Jones Lang LaSalle from a “buy” rating to a “strong-buy” rating in a research report on Saturday, November 8th. The Goldman Sachs Group raised their price objective on Jones Lang LaSalle from $361.00 to $407.00 and gave the company a “buy” rating in a report on Wednesday. Finally, JPMorgan Chase & Co. boosted their target price on Jones Lang LaSalle from $285.00 to $372.00 and gave the stock an “overweight” rating in a research report on Tuesday, August 26th. One research analyst has rated the stock with a Strong Buy rating, four have given a Buy rating and four have assigned a Hold rating to the company’s stock. Based on data from MarketBeat, Jones Lang LaSalle currently has an average rating of “Moderate Buy” and an average target price of $340.67.

Insider Activity

In related news, CEO Christian Ulbrich sold 5,000 shares of Jones Lang LaSalle stock in a transaction on 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 transaction, the chief executive officer directly owned 139,685 shares of the company’s stock, valued at $46,142,146.05. The trade was a 3.46% 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. Corporate insiders own 0.91% of the company’s stock.

Jones Lang LaSalle Stock Down 0.1%

JLL opened at $330.26 on Thursday. Jones Lang LaSalle Incorporated has a 12 month low of $194.36 and a 12 month high of $335.83. The company has a current ratio of 2.35, a quick ratio of 2.35 and a debt-to-equity ratio of 0.16. The business’s 50-day moving average price is $303.10 and its 200-day moving average price is $277.30. The company has a market cap of $15.59 billion, a P/E ratio of 28.40 and a beta of 1.46.

Jones Lang LaSalle (NYSE:JLL) last posted its quarterly earnings results on Wednesday, November 5th. The financial services provider reported $4.50 earnings per share (EPS) for the quarter, topping the consensus estimate of $4.24 by $0.26. The business had revenue of $6.51 billion for the quarter, compared to analyst estimates of $6.49 billion. Jones Lang LaSalle had a return on equity of 10.63% and a net margin of 2.28%.Jones Lang LaSalle’s revenue for the quarter was up 10.9% compared to the same quarter last year. During the same period last year, the company earned $3.50 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 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.