Jones Lang LaSalle Incorporated $JLL Stock Sold by Fort Washington Investment Advisors Inc. OH

Fort Washington Investment Advisors Inc. OH lowered its stake in shares of Jones Lang LaSalle Incorporated (NYSE:JLL) by 6.8% during the 3rd quarter, HoldingsChannel reports. The fund owned 377,526 shares of the financial services provider’s stock after selling 27,762 shares during the period. Fort Washington Investment Advisors Inc. OH’s holdings in Jones Lang LaSalle were worth $115,342,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other large investors have also recently made changes to their positions in the stock. Deutsche Bank AG purchased a new stake in shares of Jones Lang LaSalle in the second quarter worth about $6,504,000. Tidal Investments LLC grew its stake in Jones Lang LaSalle by 47.9% during the second quarter. Tidal Investments LLC now owns 78,419 shares of the financial services provider’s stock valued at $24,306,000 after acquiring an additional 25,413 shares in the last quarter. Moran Wealth Management LLC purchased a new position in Jones Lang LaSalle during the first quarter valued at approximately $4,405,000. Principal Financial Group Inc. increased its holdings in Jones Lang LaSalle by 279.6% during the 1st quarter. Principal Financial Group Inc. now owns 429,418 shares of the financial services provider’s stock worth $130,683,000 after acquiring an additional 316,299 shares during the period. Finally, Lazard Asset Management LLC increased its holdings in Jones Lang LaSalle by 36.3% during the 1st quarter. Lazard Asset Management LLC now owns 11,087 shares of the financial services provider’s stock worth $3,374,000 after acquiring an additional 2,955 shares during the period. 94.80% of the stock is owned by institutional investors.

Insider Buying and Selling

In related news, CEO Christian Ulbrich sold 2,000 shares of the stock in a transaction on Thursday, August 20th. The stock was sold at an average price of $385.53, for a total value of $771,060.00. Following the transaction, the chief executive officer owned 138,418 shares of the company’s stock, valued at $53,364,291.54. This represents a 1.42% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders sold a total of 6,000 shares of company stock valued at $2,271,060 over the last quarter. 0.91% of the stock is owned by corporate insiders.

Jones Lang LaSalle Price Performance

JLL stock opened at $294.97 on Thursday. The firm has a 50 day simple moving average of $344.19 and a two-hundred day simple moving average of $326.32. The stock has a market cap of $13.52 billion, a PE ratio of 14.13 and a beta of 1.30. Jones Lang LaSalle Incorporated has a one year low of $259.83 and a one year high of $393.84. 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 (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 the consensus estimate of $4.56 by $0.70. Jones Lang LaSalle had a net margin of 3.64% and a return on equity of 13.99%. The firm had revenue of $6.93 billion for the quarter, compared to analysts’ expectations of $6.88 billion. During the same quarter last year, the company posted $3.30 EPS. The business’s quarterly revenue was up 10.8% on a year-over-year basis. On average, analysts predict that Jones Lang LaSalle Incorporated will post 25.18 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

JLL has been the topic of several recent analyst reports. Keefe, Bruyette & Woods cut their price target on shares of Jones Lang LaSalle from $415.00 to $385.00 and set an “outperform” rating for the company in a report on Friday, October 9th. Raymond James Financial restated a “strong-buy” rating and set a $500.00 price target on shares of Jones Lang LaSalle in a research report on Thursday, July 30th. Zacks Research cut shares of Jones Lang LaSalle from a “strong-buy” rating to a “hold” rating in a report on Thursday, July 23rd. Barclays increased their price objective on Jones Lang LaSalle from $368.00 to $401.00 and gave the stock an “equal weight” rating in a research report on Monday, August 17th. Finally, Weiss Ratings raised Jones Lang LaSalle from a “buy (b-)” rating to a “buy (b)” rating in a research note on Tuesday, August 18th. One equities research analyst has rated the stock with a Strong Buy rating, four have given a Buy rating and three have given a Hold rating to the company’s stock. According to data from MarketBeat, Jones Lang LaSalle has a consensus rating of “Moderate Buy” and a consensus target price of $427.60.

Jones Lang LaSalle Profile

Jones Lang LaSalle Incorporated (NYSE: JLL) is a global commercial real estate services and investment management company headquartered in Chicago, Illinois. The company provides real estate expertise to corporate, institutional and private clients across office, industrial, retail, residential, hotel and other property sectors.

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