William Blair Investment Management LLC Increases Stake in Jones Lang LaSalle Incorporated $JLL

William Blair Investment Management LLC grew its stake in Jones Lang LaSalle Incorporated (NYSE:JLL) by 25.0% during the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 143,274 shares of the financial services provider’s stock after purchasing an additional 28,617 shares during the period. William Blair Investment Management LLC owned about 0.30% of Jones Lang LaSalle worth $42,736,000 at the end of the most recent quarter.

Several other large investors have also recently made changes to their positions in JLL. Chilton Capital Management LLC grew its position in Jones Lang LaSalle by 33.0% during the third quarter. Chilton Capital Management LLC now owns 133 shares of the financial services provider’s stock valued at $40,000 after buying an additional 33 shares during the period. Southeast Asset Advisors LLC boosted its stake in shares of Jones Lang LaSalle by 0.7% during the 2nd quarter. Southeast Asset Advisors LLC now owns 5,530 shares of the financial services provider’s stock worth $1,414,000 after acquiring an additional 39 shares in the last quarter. Northwestern Mutual Wealth Management Co. increased its stake in shares of Jones Lang LaSalle by 2.0% in the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 2,376 shares of the financial services provider’s stock valued at $608,000 after purchasing an additional 47 shares in the last quarter. HB Wealth Management LLC boosted its position in Jones Lang LaSalle by 6.7% during the third quarter. HB Wealth Management LLC now owns 844 shares of the financial services provider’s stock worth $252,000 after purchasing an additional 53 shares in the last quarter. Finally, US Bancorp DE raised its stake in shares of Jones Lang LaSalle by 2.1% during the 3rd quarter. US Bancorp DE now owns 2,532 shares of the financial services provider’s stock worth $755,000 after buying an additional 53 shares during the period. 94.80% of the stock is currently owned by institutional investors and hedge funds.

Insider Transactions at Jones Lang LaSalle

In other news, CEO Christian Ulbrich sold 96 shares of the company’s stock in a transaction dated Thursday, December 11th. The stock was sold at an average price of $332.18, for a total transaction of $31,889.28. Following the completion of the transaction, the chief executive officer directly owned 114,685 shares of the company’s stock, valued at approximately $38,096,063.30. This represents a 0.08% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Over the last ninety days, insiders sold 14,760 shares of company stock worth $4,878,238. 0.91% of the stock is owned by insiders.

Jones Lang LaSalle Stock Performance

Shares of JLL opened at $315.28 on Monday. The stock has a 50-day simple moving average of $336.00 and a 200-day simple moving average of $318.16. The company has a debt-to-equity ratio of 0.10, a quick ratio of 2.23 and a current ratio of 2.23. Jones Lang LaSalle Incorporated has a 1 year low of $194.36 and a 1 year high of $363.06. The stock has a market capitalization of $14.77 billion, a PE ratio of 19.21 and a beta of 1.42.

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

Analysts Set New Price Targets

JLL has been the subject of several recent analyst reports. Weiss Ratings raised shares of Jones Lang LaSalle from a “hold (c+)” rating to a “buy (b-)” rating in a report on Friday, February 20th. The Goldman Sachs Group boosted their price objective on Jones Lang LaSalle from $361.00 to $407.00 and gave the stock a “buy” rating in a research note on Wednesday, November 26th. Zacks Research upgraded Jones Lang LaSalle from a “hold” rating to a “strong-buy” rating in a report on Friday, February 20th. Keefe, Bruyette & Woods decreased their price target on shares of Jones Lang LaSalle from $405.00 to $380.00 and set an “outperform” rating on the stock in a research note on Tuesday, February 24th. Finally, UBS Group upped their price target on Jones Lang LaSalle from $410.00 to $425.00 and gave the company a “buy” rating in a research report on Monday, February 23rd. One investment analyst has rated the stock with a Strong Buy rating, five have issued a Buy rating and three have given a Hold rating to the company’s stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $362.50.

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.