Erste Asset Management GmbH Boosts Stock Position in Jones Lang LaSalle Incorporated $JLL

Erste Asset Management GmbH boosted its holdings in shares of Jones Lang LaSalle Incorporated (NYSE:JLL) by 11.3% during the third quarter, Holdings Channel reports. The firm owned 20,577 shares of the financial services provider’s stock after acquiring an additional 2,084 shares during the quarter. Erste Asset Management GmbH’s holdings in Jones Lang LaSalle were worth $6,181,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also bought and sold shares of the company. Handelsbanken Fonder AB grew its position in shares of Jones Lang LaSalle by 31.8% in the 3rd quarter. Handelsbanken Fonder AB now owns 14,918 shares of the financial services provider’s stock worth $4,450,000 after buying an additional 3,600 shares during the last quarter. R Squared Ltd purchased a new stake in Jones Lang LaSalle in the third quarter worth $701,000. Xponance Inc. boosted its holdings in Jones Lang LaSalle by 11.4% in the third quarter. Xponance Inc. now owns 9,116 shares of the financial services provider’s stock valued at $2,719,000 after acquiring an additional 936 shares in the last quarter. AlphaCore Capital LLC increased its position in Jones Lang LaSalle by 54.2% during the 3rd quarter. AlphaCore Capital LLC now owns 950 shares of the financial services provider’s stock valued at $283,000 after purchasing an additional 334 shares during the period. Finally, Centersquare Investment Management LLC raised its holdings in Jones Lang LaSalle by 12.1% in the 3rd quarter. Centersquare Investment Management LLC now owns 1,110 shares of the financial services provider’s stock worth $331,000 after purchasing an additional 120 shares in the last quarter. Hedge funds and other institutional investors own 94.80% of the company’s stock.

Jones Lang LaSalle Price Performance

JLL stock opened at $315.28 on Friday. The company has a debt-to-equity ratio of 0.10, a quick ratio of 2.23 and a current ratio of 2.23. The firm has a 50 day moving average price of $336.00 and a 200-day moving average price of $317.77. Jones Lang LaSalle Incorporated has a 52-week low of $194.36 and a 52-week high of $363.06. The firm has a market capitalization of $14.77 billion, a price-to-earnings ratio of 19.21 and a beta of 1.42.

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

Analysts Set New Price Targets

A number of equities research analysts have recently weighed in on the stock. Zacks Research raised shares of Jones Lang LaSalle from a “hold” rating to a “strong-buy” rating in a research note on Friday, February 20th. Wall Street Zen upgraded shares of Jones Lang LaSalle from a “buy” rating to a “strong-buy” rating in a report on Sunday, January 11th. Weiss Ratings upgraded Jones Lang LaSalle from a “hold (c+)” rating to a “buy (b-)” rating in a report on Friday, February 20th. Keefe, Bruyette & Woods lowered their target price on Jones Lang LaSalle from $405.00 to $380.00 and set an “outperform” rating for the company in a research note on Tuesday. Finally, Barclays began coverage on Jones Lang LaSalle in a research report on Tuesday, December 2nd. They set an “equal weight” rating and a $351.00 price target on the stock. One 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’s stock. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average target price of $362.50.

Insider Activity

In other news, CEO Christian Ulbrich sold 5,000 shares of Jones Lang LaSalle stock in a transaction dated Wednesday, December 3rd. The stock was sold at an average price of $330.24, for a total value of $1,651,200.00. Following the completion of the transaction, the chief executive officer owned 129,445 shares of the company’s stock, valued at $42,747,916.80. The trade was a 3.72% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Over the last ninety days, insiders sold 14,760 shares of company stock valued at $4,878,238. 0.91% of the stock is owned by insiders.

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.