Nisa Investment Advisors LLC Acquires 2,643 Shares of Jones Lang LaSalle Incorporated $JLL

Nisa Investment Advisors LLC boosted its position in Jones Lang LaSalle Incorporated (NYSE:JLL) by 18.7% in the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 16,788 shares of the financial services provider’s stock after purchasing an additional 2,643 shares during the quarter. Nisa Investment Advisors LLC’s holdings in Jones Lang LaSalle were worth $5,129,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Deutsche Bank AG purchased a new stake in shares of Jones Lang LaSalle in the second quarter valued at $6,504,000. Tidal Investments LLC increased its stake in Jones Lang LaSalle by 47.9% in the second quarter. Tidal Investments LLC now owns 78,419 shares of the financial services provider’s stock valued at $24,306,000 after purchasing an additional 25,413 shares during the last quarter. Moran Wealth Management LLC purchased a new position in Jones Lang LaSalle during the first quarter worth about $4,405,000. Principal Financial Group Inc. lifted its position in Jones Lang LaSalle by 279.6% during the first quarter. Principal Financial Group Inc. now owns 429,418 shares of the financial services provider’s stock worth $130,683,000 after buying an additional 316,299 shares during the period. Finally, Lazard Asset Management LLC boosted its stake in Jones Lang LaSalle by 36.3% in the 1st quarter. Lazard Asset Management LLC now owns 11,087 shares of the financial services provider’s stock worth $3,374,000 after buying an additional 2,955 shares during the last quarter. 94.80% of the stock is currently owned by hedge funds and other institutional investors.

Insider Transactions at Jones Lang LaSalle

In other news, CEO Christian Ulbrich sold 2,000 shares of the firm’s stock in a transaction dated Thursday, August 20th. The shares were sold at an average price of $385.53, for a total value of $771,060.00. Following the transaction, the chief executive officer directly owned 138,418 shares in the company, valued at approximately $53,364,291.54. This trade represents a 1.42% decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders sold 6,000 shares of company stock worth $2,271,060 in the last quarter. Company insiders own 0.91% of the company’s stock.

Analyst Ratings Changes

Several brokerages have commented on JLL. Barclays upped their price target on Jones Lang LaSalle from $368.00 to $401.00 and gave the stock an “equal weight” rating in a research note on Monday, August 17th. Keefe, Bruyette & Woods reduced their price objective on Jones Lang LaSalle from $415.00 to $385.00 and set an “outperform” rating on the stock in a research note on Friday, October 9th. Citigroup reiterated a “market perform” rating on shares of Jones Lang LaSalle in a report on Thursday, September 17th. Zacks Research downgraded shares of Jones Lang LaSalle from a “strong-buy” rating to a “hold” rating in a research report on Thursday, July 23rd. Finally, Weiss Ratings raised shares of Jones Lang LaSalle from a “buy (b-)” rating to a “buy (b)” rating in a research report on Tuesday, August 18th. One equities research analyst has rated the stock with a Strong Buy rating, four have assigned a Buy rating and three have given a Hold rating to the company’s stock. Based on data from MarketBeat, Jones Lang LaSalle currently has a consensus rating of “Moderate Buy” and an average target price of $427.60.

Jones Lang LaSalle Stock Down 3.9%

Shares of NYSE:JLL opened at $300.22 on Friday. The company has a quick ratio of 2.40, a current ratio of 2.40 and a debt-to-equity ratio of 0.15. Jones Lang LaSalle Incorporated has a 52-week low of $259.83 and a 52-week high of $393.84. The company has a 50 day moving average of $336.05 and a two-hundred day moving average of $326.38. The company has a market capitalization of $13.76 billion, a price-to-earnings ratio of 14.39 and a beta of 1.30.

Jones Lang LaSalle (NYSE:JLL) last announced its earnings results on Thursday, July 30th. The financial services provider reported $5.26 earnings per share for the quarter, beating the consensus estimate of $4.56 by $0.70. The company 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%. The company’s revenue was up 10.8% on a year-over-year basis. During the same period last year, the firm earned $3.30 earnings per share. As a group, analysts forecast that Jones Lang LaSalle Incorporated will post 25.07 earnings per share for the current fiscal year.

Jones Lang LaSalle Profile

Jones Lang LaSalle Incorporated, doing business as JLL, is a global commercial real estate services and investment management company. It serves property owners, occupiers, investors and developers across a broad range of real estate sectors, including office, industrial, retail, residential, hospitality and specialized properties.

JLL’s services include leasing, capital markets and investment sales, property and facilities management, project and development management, valuation and advisory services, workplace strategy, sustainability consulting and real estate technology solutions.