Jones Lang LaSalle Incorporated $JLL Holdings Boosted by MAI Capital Management

MAI Capital Management grew its stake in shares of Jones Lang LaSalle Incorporated (NYSE:JLL) by 68.7% in the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 474 shares of the financial services provider’s stock after purchasing an additional 193 shares during the quarter. MAI Capital Management’s holdings in Jones Lang LaSalle were worth $121,000 as of its most recent SEC filing.

Several other hedge funds have also made changes to their positions in JLL. PNC Financial Services Group Inc. lifted its stake in Jones Lang LaSalle by 11.2% in the first quarter. PNC Financial Services Group Inc. now owns 2,605 shares of the financial services provider’s stock valued at $646,000 after buying an additional 262 shares during the last quarter. Bank of Montreal Can increased its holdings in shares of Jones Lang LaSalle by 22.6% in the 2nd quarter. Bank of Montreal Can now owns 9,547 shares of the financial services provider’s stock worth $2,442,000 after acquiring an additional 1,761 shares during the period. Acadian Asset Management LLC boosted its stake in Jones Lang LaSalle by 270.3% during the 1st quarter. Acadian Asset Management LLC now owns 25,052 shares of the financial services provider’s stock valued at $6,206,000 after purchasing an additional 18,287 shares during the period. Nordea Investment Management AB grew its position in Jones Lang LaSalle by 5.7% in the 2nd quarter. Nordea Investment Management AB now owns 193,901 shares of the financial services provider’s stock worth $49,389,000 after purchasing an additional 10,527 shares during the last quarter. Finally, Boston Partners acquired a new stake in shares of Jones Lang LaSalle in the second quarter valued at approximately $12,186,000. Institutional investors own 94.80% of the company’s stock.

Wall Street Analyst Weigh In

Several equities analysts have recently issued reports on the company. Keefe, Bruyette & Woods boosted their price objective on Jones Lang LaSalle from $317.00 to $345.00 and gave the stock an “outperform” rating in a research report on Thursday, October 9th. UBS Group boosted their price target on Jones Lang LaSalle from $340.00 to $360.00 and gave the stock a “buy” rating in a research report on Friday, October 10th. Weiss Ratings reissued a “hold (c+)” rating on shares of Jones Lang LaSalle in a report on Wednesday, October 8th. JPMorgan Chase & Co. upped their price objective on shares of Jones Lang LaSalle from $285.00 to $372.00 and gave the stock an “overweight” rating in a report on Tuesday, August 26th. Finally, The Goldman Sachs Group increased their target price on shares of Jones Lang LaSalle from $361.00 to $407.00 and gave the company a “buy” rating in a research report on Wednesday. One investment analyst has rated the stock with a Strong Buy rating, four have issued a Buy rating and four have issued a Hold rating to the stock. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average target price of $340.67.

Jones Lang LaSalle Price Performance

Shares of Jones Lang LaSalle stock opened at $325.28 on Friday. Jones Lang LaSalle Incorporated has a 52 week low of $194.36 and a 52 week high of $335.83. The company has a current ratio of 2.35, a quick ratio of 2.35 and a debt-to-equity ratio of 0.16. The stock has a market cap of $15.35 billion, a PE ratio of 27.97 and a beta of 1.46. The company’s 50-day moving average price is $303.45 and its two-hundred day moving average price is $278.25.

Jones Lang LaSalle (NYSE:JLL) last announced its quarterly earnings data on Wednesday, November 5th. The financial services provider reported $4.50 earnings per share (EPS) for the quarter, topping the consensus estimate of $4.24 by $0.26. Jones Lang LaSalle had a net margin of 2.28% and a return on equity of 10.63%. The company had revenue of $6.51 billion for the quarter, compared to analysts’ expectations of $6.49 billion. During the same quarter in the previous year, the company posted $3.50 EPS. The business’s revenue was up 10.9% compared to the same quarter last year. As a group, sell-side analysts anticipate that Jones Lang LaSalle Incorporated will post 16.45 EPS for the current fiscal year.

Insider Activity

In other Jones Lang LaSalle news, CEO Christian Ulbrich sold 5,000 shares of the company’s stock in a transaction on Tuesday, November 25th. The stock was sold at an average price of $330.33, for a total value of $1,651,650.00. Following the transaction, the chief executive officer owned 139,685 shares of the company’s stock, valued at approximately $46,142,146.05. This represents a 3.46% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Corporate insiders own 0.91% of the company’s stock.

Jones Lang LaSalle Company 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.