Jones Lang LaSalle Incorporated $JLL Stock Sold by Robeco Institutional Asset Management B.V.

Robeco Institutional Asset Management B.V. lessened its position in shares of Jones Lang LaSalle Incorporated (NYSE:JLL) by 16.2% during the third quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 24,169 shares of the financial services provider’s stock after selling 4,656 shares during the period. Robeco Institutional Asset Management B.V. owned approximately 0.05% of Jones Lang LaSalle worth $7,384,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds have also bought and sold shares of JLL. Diversify Advisory Services LLC boosted its stake in Jones Lang LaSalle by 1.6% during the third quarter. Diversify Advisory Services LLC now owns 2,288 shares of the financial services provider’s stock valued at $711,000 after buying an additional 37 shares during the period. CWA Asset Management Group LLC increased its stake in Jones Lang LaSalle by 8.2% in the 3rd quarter. CWA Asset Management Group LLC now owns 16,038 shares of the financial services provider’s stock worth $4,900,000 after acquiring an additional 1,214 shares during the last quarter. Fairvoy Private Wealth LLC bought a new position in Jones Lang LaSalle in the 3rd quarter worth about $916,000. Pension & Wealth Management Advisors Inc. purchased a new stake in shares of Jones Lang LaSalle in the 3rd quarter valued at about $38,000. Finally, Goldstein Advisors LLC purchased a new stake in shares of Jones Lang LaSalle in the 3rd quarter valued at about $262,000. 94.80% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

A number of analysts have recently issued reports on the company. Barclays lifted their price target on Jones Lang LaSalle from $368.00 to $401.00 and gave the company an “equal weight” rating in a research report on Monday, August 17th. Weiss Ratings upgraded shares of Jones Lang LaSalle from a “buy (b-)” rating to a “buy (b)” rating in a research report on Tuesday, August 18th. Keefe, Bruyette & Woods lowered their target price on shares of 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 research report on Thursday, September 17th. Finally, Zacks Research lowered shares of Jones Lang LaSalle from a “strong-buy” rating to a “hold” rating in a research report on Thursday, July 23rd. One investment analyst has rated the stock with a Strong Buy rating, four have assigned a Buy rating and three have issued a Hold rating to the company’s stock. According to MarketBeat, Jones Lang LaSalle has a consensus rating of “Moderate Buy” and an average price target of $427.60.

Jones Lang LaSalle Stock Down 3.9%

JLL opened at $300.22 on Friday. The stock has a market cap of $13.76 billion, a PE ratio of 14.39 and a beta of 1.30. 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 business’s fifty day simple moving average is $336.05 and its 200 day simple moving average is $326.38.

Jones Lang LaSalle (NYSE:JLL) last released its quarterly earnings results on Thursday, July 30th. The financial services provider reported $5.26 earnings per share for the quarter, beating analysts’ consensus estimates of $4.56 by $0.70. Jones Lang LaSalle had a return on equity of 13.99% and a net margin of 3.64%. The business had revenue of $6.93 billion for the quarter, compared to the consensus estimate of $6.88 billion. During the same quarter last year, the business posted $3.30 earnings per share. The company’s revenue for the quarter was up 10.8% on a year-over-year basis. As a group, research analysts expect that Jones Lang LaSalle Incorporated will post 24.89 earnings per share for the current fiscal year.

Insider Activity at Jones Lang LaSalle

In other news, CEO Christian Ulbrich sold 2,000 shares of the stock in a transaction dated Thursday, August 20th. The stock was sold at an average price of $385.53, for a total transaction 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 represents a 1.42% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. In the last 90 days, insiders sold 6,000 shares of company stock worth $2,271,060. 0.91% of the stock is currently owned by corporate insiders.

Jones Lang LaSalle Company 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.