Man Group plc Purchases Shares of 35,343 Jones Lang LaSalle Incorporated $JLL

Man Group plc acquired a new position in Jones Lang LaSalle Incorporated (NYSE:JLL) in the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund acquired 35,343 shares of the financial services provider’s stock, valued at approximately $10,955,000.

Several other large investors have also modified their holdings of JLL. BlackRock Inc. acquired a new position in Jones Lang LaSalle during the 2nd quarter worth $1,446,414,000. Price T Rowe Associates Inc. MD boosted its holdings in Jones Lang LaSalle by 17.8% during the fourth quarter. Price T Rowe Associates Inc. MD now owns 1,180,514 shares of the financial services provider’s stock valued at $397,209,000 after acquiring an additional 178,677 shares during the period. Swedbank AB grew its position in shares of Jones Lang LaSalle by 0.5% in the fourth quarter. Swedbank AB now owns 993,742 shares of the financial services provider’s stock valued at $334,364,000 after purchasing an additional 4,543 shares during the last quarter. Geode Capital Management LLC increased its stake in shares of Jones Lang LaSalle by 1.6% in the fourth quarter. Geode Capital Management LLC now owns 990,836 shares of the financial services provider’s stock worth $333,451,000 after purchasing an additional 15,995 shares during the period. Finally, AQR Capital Management LLC lifted its position in shares of Jones Lang LaSalle by 426.7% during the 4th quarter. AQR Capital Management LLC now owns 899,625 shares of the financial services provider’s stock worth $302,697,000 after purchasing an additional 728,824 shares during the last quarter. 94.80% of the stock is owned by institutional investors.

Insider Buying and Selling at Jones Lang LaSalle

In related news, CEO Christian Ulbrich sold 2,000 shares of the firm’s stock in a transaction 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 directly owned 138,418 shares of the company’s stock, valued at $53,364,291.54. This trade represents a 1.42% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director Larry Quinlan sold 403 shares of Jones Lang LaSalle stock in a transaction on Friday, June 5th. The stock was sold at an average price of $295.14, for a total transaction of $118,941.42. Following the sale, the director owned 4,771 shares in the company, valued at $1,408,112.94. This represents a 7.79% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Over the last ninety days, insiders sold 6,805 shares of company stock valued at $2,511,297. 0.91% of the stock is owned by company insiders.

Jones Lang LaSalle Trading Up 0.1%

Shares of JLL opened at $378.94 on Friday. The stock’s 50-day moving average price is $344.31 and its 200 day moving average price is $320.79. The company has a quick ratio of 2.40, a current ratio of 2.40 and a debt-to-equity ratio of 0.15. The firm has a market capitalization of $17.44 billion, a price-to-earnings ratio of 18.16 and a beta of 1.25. Jones Lang LaSalle Incorporated has a 12-month low of $259.83 and a 12-month high of $393.84.

Jones Lang LaSalle (NYSE:JLL) last announced its quarterly earnings data on Thursday, July 30th. The financial services provider reported $5.26 EPS for the quarter, topping analysts’ consensus estimates of $4.56 by $0.70. Jones Lang LaSalle had a return on equity of 13.99% and a net margin of 3.64%.The company had revenue of $6.93 billion during the quarter, compared to the consensus estimate of $6.88 billion. During the same quarter last year, the company earned $3.30 EPS. The company’s quarterly revenue was up 10.8% on a year-over-year basis. As a group, research analysts predict that Jones Lang LaSalle Incorporated will post 24.59 earnings per share for the current year.

Analyst Upgrades and Downgrades

Several analysts recently weighed in on the company. Raymond James Financial restated a “strong-buy” rating and set a $500.00 target price on shares of Jones Lang LaSalle in a research note on Thursday, July 30th. Keefe, Bruyette & Woods upped their price target on Jones Lang LaSalle from $375.00 to $415.00 and gave the stock an “outperform” rating in a report on Monday, August 3rd. Zacks Research cut 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 research note on Tuesday, August 18th. Finally, Barclays boosted their target price on shares of Jones Lang LaSalle from $368.00 to $401.00 and gave the stock an “equal weight” rating in a research report on Monday, August 17th. One research analyst has rated the stock with a Strong Buy rating, four have given a Buy rating and two have assigned a Hold rating to the company’s stock. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average price target of $433.60.

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.