Jones Lang LaSalle Incorporated $JLL Shares Purchased by Blair William & Co. IL

Key Points

• Blair William & Co. IL raised its stake in Jones Lang LaSalle by 29.7% to 283,492 shares (about a 0.60% ownership) valued at $84.56 million at the end of the quarter.
• JLL beat estimates last quarter with $8.71 EPS vs. $7.25 expected and $7.61 billion in revenue (up 11.7% year-over-year), and analysts hold a consensus "Moderate Buy" with an average price target of $362.50.
• Institutional investors own 94.80% of the stock while insiders own 0.91% (CEO Christian Ulbrich recently sold 96 shares); the shares are trading around $299, with a $14.02 billion market cap and a P/E of 18.23.

Blair William & Co. IL raised its holdings in shares of Jones Lang LaSalle Incorporated (NYSE:JLL - Free Report) by 29.7% during the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 283,492 shares of the financial services provider's stock after buying an additional 64,845 shares during the period. Blair William & Co. IL owned about 0.60% of Jones Lang LaSalle worth $84,560,000 at the end of the most recent reporting period.

Several other large investors also recently made changes to their positions in JLL. Norges Bank acquired a new position in shares of Jones Lang LaSalle during the 2nd quarter valued at $160,187,000. EdgePoint Investment Group Inc. increased its holdings in Jones Lang LaSalle by 21.0% in the 2nd quarter. EdgePoint Investment Group Inc. now owns 2,221,528 shares of the financial services provider's stock valued at $568,222,000 after purchasing an additional 386,184 shares in the last quarter. Equity Investment Corp purchased a new position in Jones Lang LaSalle in the third quarter valued at about $72,132,000. Long Pond Capital LP acquired a new position in shares of Jones Lang LaSalle during the second quarter worth about $51,370,000. Finally, Ensign Peak Advisors Inc boosted its position in shares of Jones Lang LaSalle by 749.7% in the second quarter. Ensign Peak Advisors Inc now owns 153,616 shares of the financial services provider's stock worth $39,292,000 after buying an additional 135,538 shares during the period. Institutional investors and hedge funds own 94.80% of the company's stock.

Insiders Place Their Bets

In related news, CEO Christian Ulbrich sold 96 shares of the business's stock in a transaction dated Thursday, December 11th. The stock was sold at an average price of $332.18, for a total value of $31,889.28. Following the completion of the sale, the chief executive officer directly owned 114,685 shares of the company's stock, valued at $38,096,063.30. The trade was a 0.08% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. 0.91% of the stock is currently owned by corporate insiders.

Jones Lang LaSalle Trading Down 3.3%

JLL opened at $299.21 on Friday. Jones Lang LaSalle Incorporated has a 12-month low of $194.36 and a 12-month high of $363.06. The company has a debt-to-equity ratio of 0.10, a current ratio of 2.23 and a quick ratio of 2.23. The stock has a market capitalization of $14.02 billion, a PE ratio of 18.23 and a beta of 1.42. The firm's fifty day moving average price is $332.36 and its 200 day moving average price is $318.33.

Jones Lang LaSalle (NYSE:JLL - Get Free Report) last announced its quarterly earnings data on Wednesday, February 18th. The financial services provider reported $8.71 earnings per share for the quarter, topping the consensus estimate of $7.25 by $1.46. The company had revenue of $7.61 billion during the quarter, compared to analyst estimates of $7.45 billion. Jones Lang LaSalle had a net margin of 3.03% and a return on equity of 12.50%. The firm's revenue for the quarter was up 11.7% compared to the same quarter last year. During the same period last year, the business earned $6.15 EPS. As a group, research analysts expect that Jones Lang LaSalle Incorporated will post 16.45 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

Several equities research analysts recently commented on the company. Wall Street Zen upgraded Jones Lang LaSalle from a "buy" rating to a "strong-buy" rating in a report on Sunday, January 11th. Keefe, Bruyette & Woods lowered their price objective on shares of Jones Lang LaSalle from $405.00 to $380.00 and set an "outperform" rating for the company in a research report on Tuesday, February 24th. Barclays assumed coverage on shares of Jones Lang LaSalle in a research report on Tuesday, December 2nd. They set an "equal weight" rating and a $351.00 target price on the stock. The Goldman Sachs Group raised their price target on shares of Jones Lang LaSalle from $361.00 to $407.00 and gave the company a "buy" rating in a report on Wednesday, November 26th. Finally, Weiss Ratings raised shares of Jones Lang LaSalle from a "hold (c+)" rating to a "buy (b-)" rating in a research report on Friday, February 20th. One equities research analyst has rated the stock with a Strong Buy rating, five have assigned a Buy rating and three have issued a Hold rating to the company. According to data from MarketBeat, the company has a consensus rating of "Moderate Buy" and an average price target of $362.50.

Jones Lang LaSalle Company Profile

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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