Groupe la Francaise Acquires Shares of 2,219 Jones Lang LaSalle Incorporated $JLL

Groupe la Francaise bought a new position in Jones Lang LaSalle Incorporated (NYSE:JLL) in the 2nd quarter, according to its most recent disclosure with the SEC. The firm bought 2,219 shares of the financial services provider’s stock, valued at approximately $567,000.

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

Jones Lang LaSalle Trading Down 0.7%

Shares of NYSE:JLL opened at $327.36 on Friday. The stock’s 50-day simple moving average is $304.95 and its two-hundred day simple moving average is $280.74. The stock has a market capitalization of $15.45 billion, a price-to-earnings ratio of 25.10 and a beta of 1.44. Jones Lang LaSalle Incorporated has a 52-week low of $194.36 and a 52-week high of $335.83. The company has a debt-to-equity ratio of 0.13, a quick ratio of 2.31 and a current ratio of 2.31.

Jones Lang LaSalle (NYSE:JLL) last issued its quarterly earnings data on Wednesday, November 5th. The financial services provider reported $4.50 earnings per share for the quarter, topping the consensus estimate of $4.24 by $0.26. The firm had revenue of $6.51 billion for the quarter, compared to analysts’ expectations of $6.49 billion. Jones Lang LaSalle had a net margin of 2.49% and a return on equity of 11.10%. The business’s quarterly revenue was up 10.9% on a year-over-year basis. During the same quarter in the prior year, the business earned $3.50 EPS. Analysts expect that Jones Lang LaSalle Incorporated will post 16.45 EPS for the current year.

Wall Street Analysts Forecast Growth

A number of research firms have recently commented on JLL. Weiss Ratings reissued a “hold (c+)” rating on shares of Jones Lang LaSalle in a research note on Wednesday, October 8th. UBS Group upped their price target on Jones Lang LaSalle from $340.00 to $360.00 and gave the company a “buy” rating in a report on Friday, October 10th. Keefe, Bruyette & Woods lifted their price objective on Jones Lang LaSalle from $317.00 to $345.00 and gave the stock an “outperform” rating in a report on Thursday, October 9th. The Goldman Sachs Group upped their target price on shares of Jones Lang LaSalle from $361.00 to $407.00 and gave the company a “buy” rating in a research note on Wednesday, November 26th. Finally, Wall Street Zen upgraded shares of Jones Lang LaSalle from a “buy” rating to a “strong-buy” rating in a research note on Saturday, November 8th. One analyst has rated the stock with a Strong Buy rating, four have assigned a Buy rating and five have issued a Hold rating to the company. According to data from MarketBeat, Jones Lang LaSalle currently has an average rating of “Moderate Buy” and a consensus price target of $342.14.

Insider Buying and Selling at Jones Lang LaSalle

In other news, CEO Christian Ulbrich sold 5,000 shares of the business’s stock in a transaction on Tuesday, November 25th. The shares were sold at an average price of $330.33, for a total transaction of $1,651,650.00. Following the completion of the sale, the chief executive officer owned 134,685 shares of the company’s stock, valued at $44,490,496.05. The trade was a 3.58% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this link. 0.91% of the stock is owned by corporate insiders.

Jones Lang LaSalle Company 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.