Clearbridge Investments LLC Has $27.27 Million Stock Position in Jones Lang LaSalle Incorporated $JLL

Clearbridge Investments LLC increased its holdings in shares of Jones Lang LaSalle Incorporated (NYSE:JLL) by 29.0% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 81,051 shares of the financial services provider’s stock after purchasing an additional 18,244 shares during the period. Clearbridge Investments LLC’s holdings in Jones Lang LaSalle were worth $27,271,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also added to or reduced their stakes in JLL. M&T Bank Corp boosted its holdings in Jones Lang LaSalle by 184,969.0% in the fourth quarter. M&T Bank Corp now owns 3,864,241 shares of the financial services provider’s stock worth $1,300,201,000 after acquiring an additional 3,862,153 shares in the last quarter. Norges Bank bought a new position in Jones Lang LaSalle in the fourth quarter worth approximately $194,950,000. Eurizon Capital SGR S.p.A. bought a new position in Jones Lang LaSalle in the fourth quarter worth approximately $132,263,000. Millennium Management LLC boosted its holdings in Jones Lang LaSalle by 4,285.3% in the third quarter. Millennium Management LLC now owns 350,821 shares of the financial services provider’s stock worth $104,643,000 after acquiring an additional 342,821 shares in the last quarter. Finally, Wellington Management Group LLP boosted its holdings in Jones Lang LaSalle by 310.0% in the third quarter. Wellington Management Group LLP now owns 290,148 shares of the financial services provider’s stock worth $86,545,000 after acquiring an additional 219,373 shares in the last quarter. Institutional investors own 94.80% of the company’s stock.

Jones Lang LaSalle Stock Performance

Shares of JLL opened at $305.54 on Wednesday. The company has a current ratio of 2.35, a quick ratio of 2.35 and a debt-to-equity ratio of 0.15. The company has a market capitalization of $14.17 billion, a price-to-earnings ratio of 16.43 and a beta of 1.29. The stock has a 50 day moving average of $312.21 and a 200 day moving average of $321.25. Jones Lang LaSalle Incorporated has a 12 month low of $231.48 and a 12 month high of $363.06.

Jones Lang LaSalle (NYSE:JLL) last released its 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. Jones Lang LaSalle had a return on equity of 13.01% and a net margin of 3.35%.The business had revenue of $6.39 billion during the quarter, compared to the consensus estimate of $6 billion. During the same period last year, the business posted $2.31 earnings per share. The business’s revenue for the quarter was up 11.1% on a year-over-year basis. As a group, sell-side analysts forecast that Jones Lang LaSalle Incorporated will post 22.8 earnings per share for the current year.

Insiders Place Their Bets

In other Jones Lang LaSalle news, CEO Richard Bloxam sold 5,440 shares of the firm’s stock in a transaction on Tuesday, March 24th. The stock was sold at an average price of $296.94, for a total value of $1,615,353.60. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Larry Quinlan sold 403 shares of the firm’s stock in a transaction on Friday, June 5th. The stock was sold at an average price of $295.14, for a total value of $118,941.42. Following the completion of the sale, the director directly owned 4,771 shares of the company’s stock, valued at $1,408,112.94. This represents a 7.79% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Company insiders own 0.91% of the company’s stock.

Analysts Set New Price Targets

Several research analysts have issued reports on the company. Keefe, Bruyette & Woods cut their price target on Jones Lang LaSalle from $405.00 to $380.00 and set an “outperform” rating on the stock in a report on Tuesday, February 24th. Zacks Research downgraded Jones Lang LaSalle from a “strong-buy” rating to a “hold” rating in a research report on Friday, April 24th. UBS Group increased their price target on Jones Lang LaSalle from $425.00 to $445.00 and gave the company a “buy” rating in a research report on Wednesday, April 22nd. Weiss Ratings downgraded Jones Lang LaSalle from a “buy (b)” rating to a “buy (b-)” rating in a research report on Thursday, May 28th. Finally, Barclays increased their price target on Jones Lang LaSalle from $348.00 to $366.00 and gave the company an “equal weight” rating in a research report on Wednesday, May 13th. Five research analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average target price of $394.00.

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.