One Way Holdings LLC Acquires 25,793 Shares of Jones Lang LaSalle Incorporated $JLL

One Way Holdings LLC raised its stake in shares of Jones Lang LaSalle Incorporated (NYSE:JLL) by 147.8% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 43,246 shares of the financial services provider’s stock after purchasing an additional 25,793 shares during the quarter. One Way Holdings LLC’s holdings in Jones Lang LaSalle were worth $13,213,000 at the end of the most recent reporting period.

Other large investors have also recently made changes to their positions in the company. Aprio Wealth Management LLC grew its stake in Jones Lang LaSalle by 14.5% during the 3rd quarter. Aprio Wealth Management LLC now owns 1,017 shares of the financial services provider’s stock valued at $311,000 after purchasing an additional 129 shares during the last quarter. VIRGINIA RETIREMENT SYSTEMS ET Al raised its stake in shares of Jones Lang LaSalle by 219.9% in the third quarter. VIRGINIA RETIREMENT SYSTEMS ET Al now owns 11,870 shares of the financial services provider’s stock worth $3,627,000 after purchasing an additional 8,160 shares during the last quarter. Childress Capital Advisors LLC lifted its holdings in shares of Jones Lang LaSalle by 9.3% during the third quarter. Childress Capital Advisors LLC now owns 2,815 shares of the financial services provider’s stock worth $860,000 after purchasing an additional 240 shares during the period. Center for Financial Planning Inc. acquired a new stake in shares of Jones Lang LaSalle during the third quarter worth about $69,000. Finally, Park Avenue Securities LLC boosted its holdings in shares of Jones Lang LaSalle by 5.9% in the 3rd quarter. Park Avenue Securities LLC now owns 4,170 shares of the financial services provider’s stock valued at $1,274,000 after acquiring an additional 231 shares during the last quarter. 94.80% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

A number of research analysts have weighed in on JLL shares. Barclays upped their price objective 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. Raymond James Financial reiterated a “strong-buy” rating and set a $500.00 price target on shares of Jones Lang LaSalle in a research note on Thursday, July 30th. Wall Street Zen cut Jones Lang LaSalle from a “strong-buy” rating to a “buy” rating in a research note on Saturday. Keefe, Bruyette & Woods decreased their price target on shares of Jones Lang LaSalle from $415.00 to $385.00 and set an “outperform” rating for the company in a research note on Friday, October 9th. Finally, Citigroup reissued a “market perform” rating on shares of Jones Lang LaSalle in a research report on Thursday, September 17th. One investment analyst has rated the stock with a Strong Buy rating, four have issued a Buy rating and three have issued a Hold rating to the company’s stock. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $427.60.

Insider Activity at Jones Lang LaSalle

In other news, CEO Christian Ulbrich sold 2,000 shares of the business’s stock in a transaction dated 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 sale, the chief executive officer directly owned 138,418 shares of the company’s stock, valued at approximately $53,364,291.54. The trade was a 1.42% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders sold a total of 6,000 shares of company stock worth $2,271,060 in the last 90 days. 0.91% of the stock is currently owned by insiders.

Jones Lang LaSalle Trading Down 0.1%

Shares of Jones Lang LaSalle stock opened at $359.53 on Monday. The company has a current ratio of 2.43, a quick ratio of 2.43 and a debt-to-equity ratio of 0.13. The company has a fifty day simple moving average of $331.39 and a 200-day simple moving average of $324.51. The stock has a market cap of $16.42 billion, a price-to-earnings ratio of 15.56 and a beta of 1.29. 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 results on Wednesday, October 28th. The financial services provider reported $6.76 earnings per share for the quarter, beating analysts’ consensus estimates of $6.15 by $0.61. Jones Lang LaSalle had a net margin of 3.89% and a return on equity of 15.05%. The firm had revenue of $7.28 billion during the quarter, compared to analysts’ expectations of $7.24 billion. During the same period in the previous year, the company earned $4.50 earnings per share. Jones Lang LaSalle’s quarterly revenue was up 11.8% compared to the same quarter last year. On average, equities analysts forecast that Jones Lang LaSalle Incorporated will post 25.16 EPS for the current fiscal year.

Jones Lang LaSalle Profile

Jones Lang LaSalle Incorporated, doing business as JLL, is a global commercial real estate services and investment management company. It serves property owners, occupiers, investors and developers across a broad range of real estate sectors, including office, industrial, retail, residential, hospitality and specialized properties.

JLL’s services include leasing, capital markets and investment sales, property and facilities management, project and development management, valuation and advisory services, workplace strategy, sustainability consulting and real estate technology solutions.