NEOS Investment Management LLC Acquires 2,209 Shares of Jones Lang LaSalle Incorporated $JLL

NEOS Investment Management LLC raised its holdings in shares of Jones Lang LaSalle Incorporated (NYSE:JLL) by 98.3% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 4,456 shares of the financial services provider’s stock after purchasing an additional 2,209 shares during the quarter. NEOS Investment Management LLC’s holdings in Jones Lang LaSalle were worth $1,329,000 at the end of the most recent reporting period.

Several other institutional investors also recently added to or reduced their stakes in JLL. Chilton Capital Management LLC increased its position in shares of Jones Lang LaSalle by 33.0% during the third quarter. Chilton Capital Management LLC now owns 133 shares of the financial services provider’s stock worth $40,000 after acquiring an additional 33 shares during the period. Southeast Asset Advisors LLC grew its stake in Jones Lang LaSalle by 0.7% in the second quarter. Southeast Asset Advisors LLC now owns 5,530 shares of the financial services provider’s stock worth $1,414,000 after purchasing an additional 39 shares in the last quarter. Northwestern Mutual Wealth Management Co. increased its holdings in Jones Lang LaSalle by 2.0% during the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 2,376 shares of the financial services provider’s stock worth $608,000 after purchasing an additional 47 shares during the period. HB Wealth Management LLC raised its position in Jones Lang LaSalle by 6.7% during the 3rd quarter. HB Wealth Management LLC now owns 844 shares of the financial services provider’s stock valued at $252,000 after purchasing an additional 53 shares in the last quarter. Finally, Profund Advisors LLC grew its position in shares of Jones Lang LaSalle by 5.2% during the 3rd quarter. Profund Advisors LLC now owns 1,086 shares of the financial services provider’s stock worth $324,000 after buying an additional 54 shares in the last quarter. Hedge funds and other institutional investors own 94.80% of the company’s stock.

Analyst Ratings Changes

Several research firms recently weighed in on JLL. UBS Group lifted their price objective on Jones Lang LaSalle from $360.00 to $410.00 and gave the company a “buy” rating in a report on Wednesday, January 28th. Weiss Ratings restated a “hold (c+)” rating on shares of Jones Lang LaSalle in a report on Thursday, January 22nd. Barclays assumed coverage on shares of Jones Lang LaSalle in a research report on Tuesday, December 2nd. They issued an “equal weight” rating and a $351.00 price target for the company. The Goldman Sachs Group lifted their price target on Jones Lang LaSalle from $361.00 to $407.00 and gave the company a “buy” rating in a report 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 report on Sunday, January 11th. Four equities research analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the company. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus target price of $364.17.

Insider Transactions at Jones Lang LaSalle

In other Jones Lang LaSalle news, CEO Christian Ulbrich sold 5,000 shares of Jones Lang LaSalle stock in a transaction that occurred 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 directly owned 134,685 shares in the company, valued at approximately $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 accessible through the SEC website. Over the last ninety days, insiders have sold 20,000 shares of company stock worth $6,609,091. Company insiders own 0.91% of the company’s stock.

Jones Lang LaSalle Trading Up 0.1%

NYSE JLL opened at $314.07 on Friday. Jones Lang LaSalle Incorporated has a 12-month low of $194.36 and a 12-month high of $363.06. The company has a fifty day simple moving average of $337.97 and a two-hundred day simple moving average of $316.45. The company has a current ratio of 2.23, a quick ratio of 2.31 and a debt-to-equity ratio of 0.10. The stock has a market cap of $14.82 billion, a P/E ratio of 19.14 and a beta of 1.42.

Jones Lang LaSalle (NYSE:JLL) last issued its earnings results on Wednesday, February 18th. The financial services provider reported $8.71 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $7.25 by $1.46. The company had revenue of $7.61 billion during the quarter, compared to analyst estimates of $7.45 billion. Jones Lang LaSalle had a return on equity of 12.50% and a net margin of 3.03%.The firm’s quarterly revenue was up 11.7% on a year-over-year basis. During the same quarter last year, the business posted $6.15 EPS. On average, analysts forecast that Jones Lang LaSalle Incorporated will post 16.45 earnings per share for the current year.

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.