Meeder Asset Management Inc. Grows Position in Jones Lang LaSalle Incorporated $JLL

Meeder Asset Management Inc. boosted its position in Jones Lang LaSalle Incorporated (NYSE:JLL) by 5,910.3% during the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 3,486 shares of the financial services provider’s stock after acquiring an additional 3,428 shares during the period. Meeder Asset Management Inc.’s holdings in Jones Lang LaSalle were worth $1,040,000 at the end of the most recent reporting period.

A number of other hedge funds also recently bought and sold shares of the business. Integrated Wealth Concepts LLC purchased a new stake in Jones Lang LaSalle in the 1st quarter worth approximately $546,000. Empowered Funds LLC lifted its stake in Jones Lang LaSalle by 203.1% in the first quarter. Empowered Funds LLC now owns 4,046 shares of the financial services provider’s stock worth $1,003,000 after acquiring an additional 2,711 shares during the period. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC boosted its holdings in Jones Lang LaSalle by 4.4% in the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 210,996 shares of the financial services provider’s stock valued at $52,308,000 after acquiring an additional 8,885 shares in the last quarter. Acadian Asset Management LLC raised its holdings in Jones Lang LaSalle by 270.3% in the 1st quarter. Acadian Asset Management LLC now owns 25,052 shares of the financial services provider’s stock worth $6,206,000 after purchasing an additional 18,287 shares in the last quarter. Finally, Voya Investment Management LLC lifted its position in shares of Jones Lang LaSalle by 21.7% in the 1st quarter. Voya Investment Management LLC now owns 49,545 shares of the financial services provider’s stock worth $12,283,000 after purchasing an additional 8,834 shares during the period. Hedge funds and other institutional investors own 94.80% of the company’s stock.

Insider Activity

In related news, CEO Christian Ulbrich sold 5,000 shares of the stock in a transaction on Tuesday, November 25th. The stock was sold at an average price of $330.33, for a total transaction of $1,651,650.00. Following the sale, the chief executive officer directly owned 134,685 shares of the company’s stock, valued at $44,490,496.05. This trade represents a 3.58% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Insiders sold 20,000 shares of company stock worth $6,609,091 over the last 90 days. Corporate insiders own 0.91% of the company’s stock.

Analyst Upgrades and Downgrades

JLL has been the subject of several research analyst reports. Barclays began coverage on shares of Jones Lang LaSalle in a report on Tuesday, December 2nd. They issued an “equal weight” rating and a $351.00 price objective for the company. Keefe, Bruyette & Woods upped their price target on Jones Lang LaSalle from $390.00 to $405.00 and gave the stock an “outperform” rating in a research note on Thursday. Weiss Ratings reissued a “hold (c+)” rating on shares of Jones Lang LaSalle in a research report on Wednesday, October 8th. UBS Group boosted their target price on shares of Jones Lang LaSalle from $340.00 to $360.00 and gave the company a “buy” rating in a report on Friday, October 10th. Finally, The Goldman Sachs Group lifted their price target 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, November 26th. One analyst has rated the stock with a Strong Buy rating, four have issued a Buy rating and five have given a Hold rating to the company. Based on data from MarketBeat, Jones Lang LaSalle has a consensus rating of “Moderate Buy” and an average target price of $350.71.

Jones Lang LaSalle Stock Performance

Shares of JLL stock opened at $349.87 on Monday. The company has a market capitalization of $16.51 billion, a price-to-earnings ratio of 26.83 and a beta of 1.42. The company has a debt-to-equity ratio of 0.13, a quick ratio of 2.31 and a current ratio of 2.31. Jones Lang LaSalle Incorporated has a one year low of $194.36 and a one year high of $356.57. The company’s 50-day moving average is $324.92 and its 200 day moving average is $301.19.

Jones Lang LaSalle (NYSE:JLL) last issued its earnings results 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. The firm had revenue of $6.51 billion for the quarter, compared to the consensus estimate of $6.49 billion. Jones Lang LaSalle had a net margin of 2.49% and a return on equity of 11.10%. The business’s revenue was up 10.9% on a year-over-year basis. During the same quarter in the prior year, the firm posted $3.50 earnings per share. Sell-side analysts expect that Jones Lang LaSalle Incorporated will post 16.45 EPS for the current fiscal year.

Jones Lang LaSalle 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.