Westpac Banking Corp Acquires New Position in Jones Lang LaSalle Incorporated $JLL

Key Points

• Westpac Banking Corp acquired 3,522 JLL shares during the second quarter, worth approximately $1.09 million. Institutional investors and hedge funds collectively own 94.8% of the company.
• JLL reported quarterly EPS of $5.26, beating estimates by $0.70, while revenue rose 10.8% year over year to $6.93 billion. The stock opened at $387.68, near its 52-week high of $393.84.
• Analyst sentiment remains positive, with a consensus “Moderate Buy” rating and an average price target of $423.33, although Zacks downgraded the stock to “Hold.” CEO Christian Ulbrich also sold 2,000 shares for about $771,000 under a pre-arranged trading plan.

Westpac Banking Corp bought a new position in shares of Jones Lang LaSalle Incorporated (NYSE:JLL - Free Report) during the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm bought 3,522 shares of the financial services provider's stock, valued at approximately $1,092,000.

Other institutional investors also recently bought and sold shares of the company. BlackRock Inc. purchased a new position in shares of Jones Lang LaSalle during the 2nd quarter worth $1,446,414,000. AQR Capital Management LLC grew its position in shares of Jones Lang LaSalle by 426.7% in the fourth quarter. AQR Capital Management LLC now owns 899,625 shares of the financial services provider's stock valued at $302,697,000 after purchasing an additional 728,824 shares during the period. Norges Bank acquired a new position in Jones Lang LaSalle in the fourth quarter valued at $194,950,000. Eurizon Capital SGR S.p.A. purchased a new position in Jones Lang LaSalle during the fourth quarter worth about $132,263,000. Finally, Millennium Management LLC boosted its stake in Jones Lang LaSalle by 4,285.3% in the 3rd quarter. Millennium Management LLC now owns 350,821 shares of the financial services provider's stock worth $104,643,000 after buying an additional 342,821 shares during the last quarter. 94.80% of the stock is currently owned by institutional investors and hedge funds.

Jones Lang LaSalle Stock Performance

NYSE:JLL opened at $387.68 on Friday. The firm's fifty day simple moving average is $335.69 and its 200 day simple moving average is $319.18. The company has a current ratio of 2.40, a quick ratio of 2.40 and a debt-to-equity ratio of 0.15. Jones Lang LaSalle Incorporated has a twelve month low of $259.83 and a twelve month high of $393.84. The firm has a market capitalization of $17.84 billion, a price-to-earnings ratio of 18.58 and a beta of 1.25.

Jones Lang LaSalle (NYSE:JLL - Get Free Report) last released its quarterly earnings data on Thursday, July 30th. The financial services provider reported $5.26 EPS for the quarter, beating the consensus estimate of $4.56 by $0.70. The company had revenue of $6.93 billion for the quarter, compared to analyst estimates of $6.88 billion. Jones Lang LaSalle had a return on equity of 13.99% and a net margin of 3.64%.The firm's revenue was up 10.8% compared to the same quarter last year. During the same period last year, the company posted $3.30 earnings per share. As a group, equities research analysts expect that Jones Lang LaSalle Incorporated will post 24.59 earnings per share for the current fiscal year.

More Jones Lang LaSalle News

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

• Positive Sentiment: Zacks Research raised multiple earnings forecasts. Estimates increased for FY2026 EPS to $24.63 from $22.58, FY2027 to $27.18 from $25.59, FY2028 to $31.25 from $29.37, Q4 2026 to $10.19 from $9.38, Q3 2027 to $7.03 from $6.30, Q4 2027 to $10.75 from $9.88, and Q2 2028 to $6.81 from $6.39. The revisions suggest analysts see stronger profit growth ahead, although Zacks maintained a “Hold” rating.
• Positive Sentiment: Wall Street’s overall view remains favorable. JLL has an average “Moderate Buy” rating and a consensus price target of $423.33. Barclays raised its target to $401, Keefe, Bruyette & Woods lifted its target to $415 while retaining an “Outperform” rating, and Raymond James maintained a “Strong Buy” rating with a $500 target.
• Neutral Sentiment: One estimate was trimmed. Zacks lowered its Q2 2027 EPS forecast slightly to $5.47 from $5.54, indicating that the earnings outlook is not uniformly stronger across every period.
• Negative Sentiment: CEO insider selling may temper enthusiasm. Chief Executive Officer Christian Ulbrich sold 2,000 shares for approximately $771,000 under a pre-arranged Rule 10b5-1 trading plan. He retains 140,418 shares, and the planned nature of the transaction reduces its significance as a signal of deteriorating fundamentals. Insider Selling: Jones Lang LaSalle CEO Sells 2,000 Shares

Wall Street Analysts Forecast Growth

Several research firms have commented on JLL. Raymond James Financial restated a "strong-buy" rating and issued a $500.00 price target on shares of Jones Lang LaSalle in a report on Thursday, July 30th. Zacks Research cut shares of Jones Lang LaSalle from a "strong-buy" rating to a "hold" rating in a research report on Thursday, July 23rd. Weiss Ratings upgraded shares of Jones Lang LaSalle from a "buy (b-)" rating to a "buy (b)" rating in a report on Tuesday. Keefe, Bruyette & Woods increased their price target on shares of Jones Lang LaSalle from $375.00 to $415.00 and gave the stock an "outperform" rating in a research note on Monday, August 3rd. Finally, Barclays lifted their price target 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. One equities research analyst has rated the stock with a Strong Buy rating, five have given a Buy rating and two have issued a Hold rating to the company's stock. According to MarketBeat.com, the company has a consensus rating of "Moderate Buy" and an average target price of $423.33.

Insider Transactions at Jones Lang LaSalle

In other Jones Lang LaSalle news, CEO Christian Ulbrich sold 2,000 shares of the company's stock in a transaction that occurred 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 completion of the transaction, the chief executive officer owned 138,418 shares in the company, valued at $53,364,291.54. This represents a 1.42% decrease in their position. 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. Also, Director Larry Quinlan sold 402 shares of Jones Lang LaSalle stock in a transaction that occurred on Friday, June 12th. The shares were sold at an average price of $301.73, for a total transaction of $121,295.46. Following the sale, the director owned 4,369 shares in the company, valued at $1,318,258.37. This represents a 8.43% decrease in their position. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. In the last quarter, insiders sold 6,805 shares of company stock valued at $2,511,297. Insiders own 0.91% of the company's stock.

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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