Klingman & Associates LLC Has $7.01 Million Holdings in Jones Lang LaSalle Incorporated $JLL

Klingman & Associates LLC decreased its position in shares of Jones Lang LaSalle Incorporated (NYSE:JLL) by 21.7% in the third quarter, Holdings Channel reports. The fund owned 23,487 shares of the financial services provider’s stock after selling 6,510 shares during the period. Klingman & Associates LLC’s holdings in Jones Lang LaSalle were worth $7,006,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds and other institutional investors also recently made changes to their positions in the business. Chilton Capital Management LLC bought a new position in shares of Jones Lang LaSalle in the second quarter worth about $26,000. Thurston Springer Miller Herd & Titak Inc. grew its holdings in Jones Lang LaSalle by 322.6% in the 2nd quarter. Thurston Springer Miller Herd & Titak Inc. now owns 131 shares of the financial services provider’s stock valued at $34,000 after buying an additional 100 shares during the last quarter. Caldwell Trust Co bought a new position in Jones Lang LaSalle during the second quarter worth $38,000. Quent Capital LLC acquired a new position in shares of Jones Lang LaSalle during the third quarter valued at about $41,000. Finally, Steph & Co. acquired a new position in Jones Lang LaSalle in the 3rd quarter valued at approximately $50,000. 94.80% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

JLL has been the topic of several recent research reports. Keefe, Bruyette & Woods lifted their target price on shares of Jones Lang LaSalle from $390.00 to $405.00 and gave the company an “outperform” rating in a research report on Thursday, January 8th. Weiss Ratings reissued a “hold (c+)” rating on shares of Jones Lang LaSalle in a research note on Wednesday, October 8th. UBS Group increased their price objective on shares of Jones Lang LaSalle from $340.00 to $360.00 and gave the stock a “buy” rating in a report on Friday, October 10th. Barclays started coverage on Jones Lang LaSalle in a research note on Tuesday, December 2nd. They issued an “equal weight” rating and a $351.00 target price for the company. Finally, Wall Street Zen raised shares of Jones Lang LaSalle from a “buy” rating to a “strong-buy” rating in a research note on Sunday. One analyst has rated the stock with a Strong Buy rating, four have assigned a Buy rating and five have given a Hold rating to the stock. According to MarketBeat.com, Jones Lang LaSalle currently has an average rating of “Moderate Buy” and an average price target of $350.71.

Insiders Place Their Bets

In other news, CEO Christian Ulbrich sold 5,000 shares of the firm’s stock in a transaction that occurred on Tuesday, November 25th. The shares were sold at an average price of $330.33, for a total transaction of $1,651,650.00. Following the completion of the transaction, 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 position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Over the last three months, insiders sold 20,000 shares of company stock worth $6,609,091. Corporate insiders own 0.91% of the company’s stock.

Jones Lang LaSalle Price Performance

NYSE JLL opened at $346.03 on Wednesday. Jones Lang LaSalle Incorporated has a 52-week low of $194.36 and a 52-week high of $356.57. The company has a debt-to-equity ratio of 0.13, a quick ratio of 2.31 and a current ratio of 2.31. The business has a 50 day simple moving average of $326.88 and a 200 day simple moving average of $302.50. The stock has a market cap of $16.33 billion, a price-to-earnings ratio of 26.54 and a beta of 1.42.

Jones Lang LaSalle (NYSE:JLL) last announced its earnings results on Wednesday, November 5th. The financial services provider reported $4.50 earnings per share for the quarter, topping analysts’ consensus estimates of $4.24 by $0.26. The firm had revenue of $6.51 billion during the quarter, compared to analyst estimates of $6.49 billion. Jones Lang LaSalle had a net margin of 2.49% and a return on equity of 11.10%. The company’s revenue for the quarter was up 10.9% compared to the same quarter last year. During the same period in the prior year, the business earned $3.50 EPS. Analysts anticipate that Jones Lang LaSalle Incorporated will post 16.45 earnings per share for the current fiscal year.

About Jones Lang LaSalle

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.