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

UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC cut its stake in Jones Lang LaSalle Incorporated (NYSE:JLL) by 3.1% in the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund 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 owned 0.39% of Jones Lang LaSalle worth $55,360,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors have also made changes to their positions in JLL. Sunbelt Securities Inc. bought a new stake in shares of Jones Lang LaSalle during the third quarter worth approximately $25,000. Mitsubishi UFJ Asset Management Co. Ltd. bought a new position in Jones Lang LaSalle in the second quarter valued at approximately $26,000. International Assets Investment Management LLC bought a new stake in Jones Lang LaSalle in the 4th quarter valued at $29,000. Johnson Financial Group Inc. acquired a new position in shares of Jones Lang LaSalle during the second quarter worth about $34,000. Finally, Hilton Head Capital Partners LLC acquired a new position in Jones Lang LaSalle during the 4th quarter worth approximately $35,000. Institutional investors and hedge funds own 94.80% of the company’s stock.

Jones Lang LaSalle Stock Down 1.6%

NYSE:JLL opened at $348.95 on Thursday. The company has a debt-to-equity ratio of 0.15, a current ratio of 2.40 and a quick ratio of 2.40. Jones Lang LaSalle Incorporated has a one year low of $259.83 and a one year high of $393.84. The company has a market cap of $16.05 billion, a PE ratio of 16.72 and a beta of 1.24. The firm’s 50 day simple moving average is $347.80 and its 200 day simple moving average is $321.60.

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

Insiders Place Their Bets

In other news, Director Larry Quinlan sold 402 shares of the stock in a transaction on Friday, June 12th. The shares were sold at an average price of $301.73, for a total transaction of $121,295.46. Following the completion of the sale, the director directly owned 4,369 shares in the company, valued at $1,318,258.37. This represents a 8.43% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CEO Christian Ulbrich sold 2,000 shares of the stock in a transaction dated Thursday, August 20th. The stock was sold at an average price of $385.53, for a total value of $771,060.00. Following the sale, the chief executive officer owned 138,418 shares of the company’s stock, valued at approximately $53,364,291.54. The trade was a 1.42% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Over the last ninety days, insiders sold 6,805 shares of company stock worth $2,511,297. Insiders own 0.91% of the company’s stock.

Analysts Set New Price Targets

Several brokerages have commented on JLL. Zacks Research cut shares of Jones Lang LaSalle from a “strong-buy” rating to a “hold” rating in a research report on Thursday, July 23rd. Raymond James Financial reaffirmed a “strong-buy” rating and set a $500.00 price target on shares of Jones Lang LaSalle in a report on Thursday, July 30th. Barclays boosted their price objective on Jones Lang LaSalle from $368.00 to $401.00 and gave the stock an “equal weight” rating in a report on Monday, August 17th. Keefe, Bruyette & Woods boosted their target price on shares of Jones Lang LaSalle from $375.00 to $415.00 and gave the company an “outperform” rating in a research report on Monday, August 3rd. Finally, Weiss Ratings raised Jones Lang LaSalle from a “buy (b-)” rating to a “buy (b)” rating in a research report on Tuesday, August 18th. One investment analyst has rated the stock with a Strong Buy rating, four have given a Buy rating and two have given a Hold rating to the company. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus target price of $433.60.

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.