Highland Capital Management LLC Has $8.16 Million Holdings in Jones Lang LaSalle Incorporated $JLL

Highland Capital Management LLC increased its holdings in Jones Lang LaSalle Incorporated (NYSE:JLL) by 18.3% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 24,243 shares of the financial services provider’s stock after acquiring an additional 3,745 shares during the period. Highland Capital Management LLC’s holdings in Jones Lang LaSalle were worth $8,157,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently made changes to their positions in the business. Equity Investment Corp purchased a new position in shares of Jones Lang LaSalle in the third quarter valued at approximately $72,132,000. Y Intercept Hong Kong Ltd acquired a new stake in shares of Jones Lang LaSalle in the third quarter valued at approximately $1,143,000. DigitalBridge Group Inc. acquired a new stake in Jones Lang LaSalle during the third quarter worth $1,223,000. AustralianSuper Pty Ltd acquired a new stake in Jones Lang LaSalle during the third quarter worth $32,184,000. Finally, Meeder Asset Management Inc. increased its stake in Jones Lang LaSalle by 5,910.3% during the third quarter. Meeder Asset Management Inc. now owns 3,486 shares of the financial services provider’s stock worth $1,040,000 after acquiring an additional 3,428 shares during the last quarter. Institutional investors and hedge funds own 94.80% of the company’s stock.

Insider Transactions at Jones Lang LaSalle

In other Jones Lang LaSalle news, CEO Richard Bloxam sold 5,440 shares of Jones Lang LaSalle stock in a transaction dated Tuesday, March 24th. The stock was sold at an average price of $296.94, for a total transaction of $1,615,353.60. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Deborah H. Mcaneny sold 2,500 shares of Jones Lang LaSalle stock in a transaction dated Tuesday, March 10th. The stock was sold at an average price of $300.50, for a total value of $751,250.00. Following the sale, the director directly owned 14,985 shares of the company’s stock, valued at $4,502,992.50. This trade represents a 14.30% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. 0.91% of the stock is owned by insiders.

Jones Lang LaSalle Trading Down 0.1%

JLL opened at $314.79 on Tuesday. The stock has a market capitalization of $14.60 billion, a price-to-earnings ratio of 16.92 and a beta of 1.34. The company has a debt-to-equity ratio of 0.15, a current ratio of 2.35 and a quick ratio of 2.35. The business has a fifty day moving average price of $314.23 and a 200 day moving average price of $321.96. Jones Lang LaSalle Incorporated has a 12 month low of $211.86 and a 12 month high of $363.06.

Jones Lang LaSalle (NYSE:JLL) last announced its quarterly earnings results on Thursday, April 30th. The financial services provider reported $3.43 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $3.01 by $0.42. The company had revenue of $6.39 billion during the quarter, compared to the consensus estimate of $6 billion. Jones Lang LaSalle had a return on equity of 13.01% and a net margin of 3.35%.Jones Lang LaSalle’s revenue for the quarter was up 11.1% on a year-over-year basis. During the same period in the previous year, the business earned $2.31 EPS. Sell-side analysts expect that Jones Lang LaSalle Incorporated will post 21.93 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

Several research firms have issued reports on JLL. Wall Street Zen raised Jones Lang LaSalle from a “buy” rating to a “strong-buy” rating in a research note on Sunday, January 11th. Keefe, Bruyette & Woods dropped their price objective on Jones Lang LaSalle from $405.00 to $380.00 and set an “outperform” rating for the company in a research note on Tuesday, February 24th. Weiss Ratings raised Jones Lang LaSalle from a “hold (c+)” rating to a “buy (b-)” rating in a research note on Friday, February 20th. Barclays lowered their target price on Jones Lang LaSalle from $355.00 to $348.00 and set an “equal weight” rating for the company in a research note on Tuesday, April 14th. Finally, UBS Group boosted their target price on Jones Lang LaSalle from $425.00 to $445.00 and gave the stock a “buy” rating in a research note on Wednesday, April 22nd. Five equities research analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the company. According to data from MarketBeat.com, Jones Lang LaSalle presently has an average rating of “Moderate Buy” and a consensus price target of $365.33.

About Jones Lang LaSalle

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.