UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC Has $55.36 Million Stock Position in Jones Lang LaSalle Incorporated $JLL

UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC reduced its stake in shares of Jones Lang LaSalle Incorporated (NYSE:JLL) by 3.1% in the second quarter, according to its most recent filing with the SEC. The institutional investor owned 178,611 shares of the financial services provider’s stock after selling 5,782 shares during the period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC’s holdings in Jones Lang LaSalle were worth $55,360,000 as of its most recent filing with the SEC.

Several other institutional investors have also recently made changes to their positions in the company. Hsbc Holdings PLC grew its position in Jones Lang LaSalle by 14.5% in the 2nd quarter. Hsbc Holdings PLC now owns 5,138 shares of the financial services provider’s stock worth $1,592,000 after purchasing an additional 649 shares in the last quarter. Beacon Pointe Advisors LLC bought a new position in Jones Lang LaSalle during the second quarter worth about $991,000. Empowered Funds LLC purchased a new position in Jones Lang LaSalle in the 2nd quarter valued at approximately $5,583,000. United Capital Financial Advisors LLC purchased a new position in shares of Jones Lang LaSalle in the second quarter valued at $528,000. Finally, Caitlin John LLC bought a new stake in shares of Jones Lang LaSalle during the second quarter valued at about $366,000. Institutional investors own 94.80% of the company’s stock.

Jones Lang LaSalle Price Performance

JLL stock opened at $348.95 on Thursday. The company has a debt-to-equity ratio of 0.15, a quick ratio of 2.40 and a current ratio of 2.40. The firm has a 50 day moving average price of $347.80 and a 200-day moving average price of $321.60. Jones Lang LaSalle Incorporated has a 52-week low of $259.83 and a 52-week high of $393.84. The firm has a market capitalization of $16.05 billion, a price-to-earnings ratio of 16.72 and a beta of 1.24.

Jones Lang LaSalle (NYSE:JLL) last released its earnings results on Thursday, July 30th. The financial services provider reported $5.26 EPS for the quarter, topping analysts’ consensus estimates of $4.56 by $0.70. The firm had revenue of $6.93 billion for the quarter, compared to analysts’ expectations of $6.88 billion. Jones Lang LaSalle had a return on equity of 13.99% and a net margin of 3.64%.The company’s quarterly revenue was up 10.8% on a year-over-year basis. During the same period in the prior year, the firm posted $3.30 earnings per share. Equities research analysts forecast that Jones Lang LaSalle Incorporated will post 25.05 EPS for the current fiscal year.

Wall Street Analyst Weigh In

Several research analysts have recently weighed in on JLL shares. Raymond James Financial reaffirmed a “strong-buy” rating and issued a $500.00 price target on shares of Jones Lang LaSalle in a report on Thursday, July 30th. Barclays lifted their price target on shares of Jones Lang LaSalle from $368.00 to $401.00 and gave the stock an “equal weight” rating in a research note on Monday, August 17th. Keefe, Bruyette & Woods boosted their target price on Jones Lang LaSalle from $375.00 to $415.00 and gave the company an “outperform” rating in a research note on Monday, August 3rd. 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. Finally, Zacks Research lowered Jones Lang LaSalle from a “strong-buy” rating to a “hold” rating in a research report on Thursday, July 23rd. One research analyst has rated the stock with a Strong Buy rating, four have assigned a Buy rating and two have issued a Hold rating to the company. According to data from MarketBeat, Jones Lang LaSalle currently has a consensus rating of “Moderate Buy” and an average target price of $433.60.

Insider Activity at Jones Lang LaSalle

In other Jones Lang LaSalle news, CEO Christian Ulbrich sold 2,000 shares of the stock in a transaction on Thursday, August 20th. The stock was sold at an average price of $385.53, for a total transaction of $771,060.00. Following the sale, 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 document filed with the SEC, which is accessible through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director Larry Quinlan sold 403 shares of the stock in a transaction on Friday, June 5th. The shares were sold at an average price of $295.14, for a total value of $118,941.42. Following the sale, the director directly owned 4,771 shares in the company, valued at $1,408,112.94. This trade represents a 7.79% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders sold a total of 6,805 shares of company stock worth $2,511,297 over the last ninety days. 0.91% of the stock is currently owned by insiders.

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.