Eurizon Capital SGR S.p.A. Purchases New Shares in Jones Lang LaSalle Incorporated $JLL

Eurizon Capital SGR S.p.A. purchased a new stake in shares of Jones Lang LaSalle Incorporated (NYSE:JLL) in the fourth quarter, HoldingsChannel.com reports. The firm purchased 392,608 shares of the financial services provider’s stock, valued at approximately $132,263,000.

Other large investors have also added to or reduced their stakes in the company. Sunbelt Securities Inc. acquired a new stake in Jones Lang LaSalle during the 3rd quarter valued at $25,000. International Assets Investment Management LLC acquired a new stake in Jones Lang LaSalle during the 4th quarter valued at $29,000. Activest Wealth Management grew its holdings in Jones Lang LaSalle by 1,720.0% during the 4th quarter. Activest Wealth Management now owns 91 shares of the financial services provider’s stock valued at $31,000 after purchasing an additional 86 shares in the last quarter. True Wealth Design LLC grew its holdings in Jones Lang LaSalle by 13,200.0% during the 4th quarter. True Wealth Design LLC now owns 133 shares of the financial services provider’s stock valued at $45,000 after purchasing an additional 132 shares in the last quarter. Finally, Bayforest Capital Ltd acquired a new stake in Jones Lang LaSalle during the 4th quarter valued at $55,000. 94.80% of the stock is owned by institutional investors and hedge funds.

Jones Lang LaSalle Price Performance

Shares of JLL stock opened at $282.18 on Friday. Jones Lang LaSalle Incorporated has a 1-year low of $217.21 and a 1-year high of $363.06. The firm has a fifty day moving average of $312.49 and a two-hundred day moving average of $321.43. 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 firm has a market cap of $13.09 billion, a P/E ratio of 15.17 and a beta of 1.34.

Jones Lang LaSalle (NYSE:JLL) last posted its quarterly earnings results on Thursday, April 30th. The financial services provider reported $3.43 EPS for the quarter, beating the consensus estimate of $3.01 by $0.42. Jones Lang LaSalle had a net margin of 3.35% and a return on equity of 13.01%. The business had revenue of $6.39 billion during the quarter, compared to analyst estimates of $6 billion. During the same period in the previous year, the business posted $2.31 EPS. The company’s quarterly revenue was up 11.1% on a year-over-year basis. As a group, research analysts anticipate that Jones Lang LaSalle Incorporated will post 22.61 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

JLL has been the subject of a number of recent analyst reports. Barclays raised their price target on shares of Jones Lang LaSalle from $348.00 to $366.00 and gave the company an “equal weight” rating in a report on Wednesday, May 13th. UBS Group raised their price objective on shares of Jones Lang LaSalle from $425.00 to $445.00 and gave the stock a “buy” rating in a report on Wednesday, April 22nd. Zacks Research lowered shares of Jones Lang LaSalle from a “strong-buy” rating to a “hold” rating in a report on Friday, April 24th. Weiss Ratings lowered shares of Jones Lang LaSalle from a “buy (b)” rating to a “buy (b-)” rating in a report on Thursday. Finally, Keefe, Bruyette & Woods decreased their price objective on shares of Jones Lang LaSalle from $405.00 to $380.00 and set an “outperform” rating for the company in a report on Tuesday, February 24th. Five analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $394.00.

Insider Activity

In other news, Director Deborah H. Mcaneny sold 2,500 shares of Jones Lang LaSalle stock in a transaction dated Tuesday, March 10th. The shares were sold at an average price of $300.50, for a total value of $751,250.00. Following the completion of the transaction, the director directly owned 14,985 shares of the company’s stock, valued at approximately $4,502,992.50. The trade was a 14.30% decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, CEO Richard Bloxam sold 5,440 shares of Jones Lang LaSalle stock in a transaction dated Tuesday, March 24th. The shares were sold at an average price of $296.94, for a total transaction of $1,615,353.60. The disclosure for this sale is available in the SEC filing. Insiders own 0.91% of the company’s stock.

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.