Bank of New York Mellon Corp Makes New Investment in Jones Lang LaSalle Incorporated $JLL

Key Points

• Bank of New York Mellon acquired 282,848 JLL shares worth approximately $87.7 million, representing about 0.61% of the company. Institutional investors collectively own 94.8% of JLL.
• Analyst sentiment remains positive, with a consensus rating of “Moderate Buy” and an average price target of $433.60; recent targets range from $401 to $500.
• JLL exceeded quarterly expectations, reporting $5.26 in earnings per share versus $4.56 expected and $6.93 billion in revenue, up 10.8% year over year. The stock opened at $392.62, near its 52-week high.

Bank of New York Mellon Corp acquired a new stake in shares of Jones Lang LaSalle Incorporated (NYSE:JLL - Free Report) during the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund acquired 282,848 shares of the financial services provider's stock, valued at approximately $87,669,000. Bank of New York Mellon Corp owned approximately 0.61% of Jones Lang LaSalle at the end of the most recent reporting period.

A number of other large investors have also bought and sold shares of JLL. Sunbelt Securities Inc. bought a new stake in Jones Lang LaSalle in the 3rd quarter valued at $25,000. International Assets Investment Management LLC bought a new position in Jones Lang LaSalle during the 4th quarter worth about $29,000. Activest Wealth Management raised its stake in shares of Jones Lang LaSalle by 1,720.0% in 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 during the period. Hilton Head Capital Partners LLC bought a new stake in shares of Jones Lang LaSalle in the fourth quarter valued at about $35,000. Finally, Manchester Capital Management LLC boosted its position in shares of Jones Lang LaSalle by 3,320.0% during the fourth quarter. Manchester Capital Management LLC now owns 171 shares of the financial services provider's stock worth $58,000 after buying an additional 166 shares during the period. 94.80% of the stock is owned by institutional investors.

Analyst Ratings Changes

JLL has been the topic of a number of recent research reports. Keefe, Bruyette & Woods lifted their target price on Jones Lang LaSalle from $375.00 to $415.00 and gave the company an "outperform" rating in a research report on Monday, August 3rd. Weiss Ratings raised Jones Lang LaSalle from a "buy (b-)" rating to a "buy (b)" rating in a research report on Tuesday, August 18th. Barclays lifted their price objective on shares of Jones Lang LaSalle from $368.00 to $401.00 and gave the company an "equal weight" rating in a report on Monday, August 17th. Raymond James Financial reissued a "strong-buy" rating and issued a $500.00 price objective on shares of Jones Lang LaSalle in a research report on Thursday, July 30th. Finally, 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. One investment analyst has rated the stock with a Strong Buy rating, four have assigned a Buy rating and two have given a Hold rating to the company's stock. According to data from MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and an average target price of $433.60.

Jones Lang LaSalle Trading Up 1.4%

Shares of NYSE:JLL opened at $392.62 on Wednesday. Jones Lang LaSalle Incorporated has a 52-week low of $259.83 and a 52-week high of $393.84. The company has a debt-to-equity ratio of 0.15, a quick ratio of 2.40 and a current ratio of 2.40. The company has a market capitalization of $18.06 billion, a P/E ratio of 18.81 and a beta of 1.25. The company has a 50-day simple moving average of $339.28 and a 200 day simple moving average of $319.76.

Jones Lang LaSalle (NYSE:JLL - Get Free Report) last announced its quarterly earnings results on Thursday, July 30th. The financial services provider reported $5.26 earnings per share for the quarter, topping 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 firm had revenue of $6.93 billion for the quarter, compared to the consensus estimate of $6.88 billion. During the same quarter in the previous year, the business earned $3.30 earnings per share. The business's revenue was up 10.8% compared to the same quarter last year. Sell-side analysts forecast that Jones Lang LaSalle Incorporated will post 24.59 earnings per share for the current year.

Insider Buying and Selling at Jones Lang LaSalle

In other Jones Lang LaSalle news, CEO Christian Ulbrich sold 2,000 shares of Jones Lang LaSalle stock in a transaction on Thursday, August 20th. The shares were sold at an average price of $385.53, for a total transaction of $771,060.00. Following the completion of the transaction, the chief executive officer directly owned 138,418 shares of the company's stock, valued at $53,364,291.54. The trade was a 1.42% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director Larry Quinlan sold 402 shares of the stock in a transaction dated Friday, June 12th. The shares were sold at an average price of $301.73, for a total transaction of $121,295.46. Following the completion of the transaction, the director directly owned 4,369 shares in the company, valued at $1,318,258.37. The trade was a 8.43% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders have sold a total of 6,805 shares of company stock valued at $2,511,297 in the last ninety days. Insiders own 0.91% of the company's stock.

Key Stories Impacting Jones Lang LaSalle

Here are the key news stories impacting Jones Lang LaSalle this week:

• Positive Sentiment: JLL reported that bidding activity strengthened significantly, with July producing the second-highest number of unique bidders in the history of its Global Bid Intensity Index. Credit-provider competition also remains above previous records, suggesting improving liquidity and a more active transactions market that could support JLL’s capital-markets and advisory businesses. Robust credit market liquidity powers increasingly competitive transactions market
• Positive Sentiment: JLL completed the $435 million sale of One Marina Park Drive, a 494,938-square-foot trophy office tower in Boston’s Seaport District. Strong buyer interest and Oxford Properties’ acquisition point to returning institutional capital for premier, supply-constrained office properties, while highlighting JLL’s ability to win and execute major brokerage mandates. Trophy Seaport office tower trades for $435M
• Positive Sentiment: Zacks upgraded JLL to Rank #2, or “Buy,” citing improving earnings prospects. Separate Zacks screens also identified JLL as a growth, momentum and value-oriented candidate, reinforcing the near-term bullish sentiment around the stock. Jones Lang LaSalle Upgraded to Buy
• Neutral Sentiment: Coverage is also examining what the Boston tower transaction means for broader office demand and whether JLL’s recent upgrade and deal activity warrant further investor action. These reports provide context but do not add a new company-specific financial forecast. What Does Jones Lang LaSalle Boston Tower Deal Mean For Office Demand?

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.

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