Channing Capital Management LLC Boosts Stake in Jones Lang LaSalle Incorporated $JLL

Key Points

• Channing Capital Management LLC increased its holdings in Jones Lang LaSalle (NYSE:JLL) by 20.8%, purchasing an additional 5,448 shares and owning a total of 31,629 shares valued at approximately $7.84 million.
• Jones Lang LaSalle reported a quarterly earnings per share (EPS) of $3.30, beating analyst expectations of $3.20, with revenue increasing by 11.0% year-over-year to $6.25 billion.
• Analysts have mixed ratings on JLL; UBS Group raised their price target to $340.00 with a "buy" rating, while Citigroup cut its target to $240.00, indicating a varied outlook on the stock's performance.

Channing Capital Management LLC raised its stake in Jones Lang LaSalle Incorporated (NYSE:JLL - Free Report) by 20.8% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 31,629 shares of the financial services provider's stock after acquiring an additional 5,448 shares during the period. Channing Capital Management LLC owned about 0.07% of Jones Lang LaSalle worth $7,841,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently bought and sold shares of the business. First Trust Advisors LP lifted its stake in shares of Jones Lang LaSalle by 187.3% during the fourth quarter. First Trust Advisors LP now owns 41,574 shares of the financial services provider's stock valued at $10,524,000 after acquiring an additional 27,105 shares during the period. MetLife Investment Management LLC raised its stake in Jones Lang LaSalle by 8.7% during the 4th quarter. MetLife Investment Management LLC now owns 27,388 shares of the financial services provider's stock worth $6,933,000 after buying an additional 2,193 shares during the period. Tower Research Capital LLC TRC raised its position in shares of Jones Lang LaSalle by 105.8% during the fourth quarter. Tower Research Capital LLC TRC now owns 5,152 shares of the financial services provider's stock worth $1,304,000 after purchasing an additional 2,648 shares during the period. Stifel Financial Corp raised its position in shares of Jones Lang LaSalle by 2.7% during the fourth quarter. Stifel Financial Corp now owns 7,851 shares of the financial services provider's stock worth $1,987,000 after purchasing an additional 207 shares during the period. Finally, Hsbc Holdings PLC raised its position in shares of Jones Lang LaSalle by 116.8% during the fourth quarter. Hsbc Holdings PLC now owns 33,679 shares of the financial services provider's stock worth $8,502,000 after purchasing an additional 18,145 shares during the period. Institutional investors and hedge funds own 94.80% of the company's stock.

Jones Lang LaSalle Trading Up 0.4%

Shares of JLL traded up $1.0950 during mid-day trading on Monday, reaching $304.2850. 407,132 shares of the company were exchanged, compared to its average volume of 409,507. The business has a 50 day simple moving average of $264.69 and a two-hundred day simple moving average of $248.55. The stock has a market capitalization of $14.42 billion, a PE ratio of 26.16 and a beta of 1.38. The company has a debt-to-equity ratio of 0.16, a quick ratio of 2.35 and a current ratio of 2.35. Jones Lang LaSalle Incorporated has a 52 week low of $194.36 and a 52 week high of $306.22.

Jones Lang LaSalle (NYSE:JLL - Get Free Report) last posted its quarterly earnings results on Wednesday, August 6th. The financial services provider reported $3.30 earnings per share for the quarter, topping analysts' consensus estimates of $3.20 by $0.10. Jones Lang LaSalle had a return on equity of 10.63% and a net margin of 2.28%.The business had revenue of $6.25 billion for the quarter, compared to the consensus estimate of $6.17 billion. During the same period in the prior year, the business earned $2.55 EPS. The firm's revenue for the quarter was up 11.0% on a year-over-year basis. On average, analysts predict that Jones Lang LaSalle Incorporated will post 16.45 earnings per share for the current fiscal year.

Insider Buying and Selling

In related news, CEO Andrew W. Poppink sold 275 shares of Jones Lang LaSalle stock in a transaction on Friday, June 20th. The stock was sold at an average price of $237.97, for a total transaction of $65,441.75. Following the sale, the chief executive officer directly owned 10,297 shares in the company, valued at approximately $2,450,377.09. This trade represents a 2.60% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Company insiders own 0.91% of the company's stock.

Analyst Ratings Changes

JLL has been the subject of several analyst reports. Keefe, Bruyette & Woods raised their price objective on Jones Lang LaSalle from $280.00 to $297.00 and gave the company an "outperform" rating in a report on Thursday, July 24th. The Goldman Sachs Group lifted their target price on Jones Lang LaSalle from $338.00 to $378.00 and gave the stock a "buy" rating in a research note on Wednesday, August 13th. Wall Street Zen downgraded Jones Lang LaSalle from a "buy" rating to a "hold" rating in a research note on Saturday. Citigroup reduced their price target on Jones Lang LaSalle from $275.00 to $240.00 and set a "neutral" rating for the company in a research note on Wednesday, May 28th. Finally, UBS Group upped their target price on Jones Lang LaSalle from $305.00 to $340.00 and gave the company a "buy" rating in a research report on Wednesday, July 2nd. One equities research analyst has rated the stock with a Strong Buy rating, five have assigned a Buy rating and three have assigned a Hold rating to the company's stock. Based on data from MarketBeat.com, Jones Lang LaSalle has a consensus rating of "Moderate Buy" and an average price target of $316.14.

Jones Lang LaSalle Profile

Jones Lang LaSalle Incorporated operates as a commercial real estate and investment management company. It engages in the buying, building, occupying, managing, and investing in a commercial, industrial, hotel, residential, and retail properties in Americas, Europe, the Middle East, Africa, and the Asia Pacific.