UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC Acquires 8,885 Shares of Jones Lang LaSalle Incorporated $JLL

UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC lifted its position in Jones Lang LaSalle Incorporated (NYSE:JLL) by 4.4% during the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 210,996 shares of the financial services provider’s stock after purchasing an additional 8,885 shares during the quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC owned about 0.44% of Jones Lang LaSalle worth $52,308,000 at the end of the most recent reporting period.

Several other large investors have also recently made changes to their positions in the company. Tidal Investments LLC increased its holdings in shares of Jones Lang LaSalle by 4.7% in the fourth quarter. Tidal Investments LLC now owns 846 shares of the financial services provider’s stock worth $214,000 after purchasing an additional 38 shares during the last quarter. Mackenzie Financial Corp increased its holdings in shares of Jones Lang LaSalle by 4.2% in the first quarter. Mackenzie Financial Corp now owns 1,610 shares of the financial services provider’s stock worth $399,000 after purchasing an additional 65 shares during the last quarter. Covestor Ltd increased its holdings in shares of Jones Lang LaSalle by 30.4% in the first quarter. Covestor Ltd now owns 335 shares of the financial services provider’s stock worth $83,000 after purchasing an additional 78 shares during the last quarter. Wealth Enhancement Advisory Services LLC increased its holdings in shares of Jones Lang LaSalle by 7.2% in the fourth quarter. Wealth Enhancement Advisory Services LLC now owns 1,292 shares of the financial services provider’s stock worth $327,000 after purchasing an additional 87 shares during the last quarter. Finally, First Citizens Bank & Trust Co. increased its holdings in shares of Jones Lang LaSalle by 10.5% in the first quarter. First Citizens Bank & Trust Co. now owns 951 shares of the financial services provider’s stock worth $236,000 after purchasing an additional 90 shares during the last quarter. 94.80% of the stock is owned by institutional investors.

Jones Lang LaSalle Stock Down 0.6%

Shares of NYSE:JLL opened at $312.42 on Monday. Jones Lang LaSalle Incorporated has a 1 year low of $194.36 and a 1 year high of $316.79. The business has a 50 day simple moving average of $282.09 and a two-hundred day simple moving average of $252.00. The firm has a market capitalization of $14.80 billion, a PE ratio of 26.86 and a beta of 1.41. The company has a debt-to-equity ratio of 0.16, a current ratio of 2.35 and a quick ratio of 2.35.

Jones Lang LaSalle (NYSE:JLL) last announced its quarterly earnings results on Wednesday, August 6th. The financial services provider reported $3.30 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $3.20 by $0.10. The firm had revenue of $6.25 billion during the quarter, compared to analyst estimates of $6.17 billion. Jones Lang LaSalle had a return on equity of 10.63% and a net margin of 2.28%.Jones Lang LaSalle’s quarterly revenue was up 11.0% on a year-over-year basis. During the same quarter in the previous year, the business earned $2.55 earnings per share. On average, equities analysts predict that Jones Lang LaSalle Incorporated will post 16.45 EPS for the current year.

Analyst Upgrades and Downgrades

Several equities research analysts have recently issued reports on JLL shares. UBS Group lifted their target price on Jones Lang LaSalle from $305.00 to $340.00 and gave the stock a “buy” rating in a report on Wednesday, July 2nd. Citizens Jmp assumed coverage on Jones Lang LaSalle in a research report on Monday, July 21st. They issued a “market perform” rating for the company. JMP Securities assumed coverage on Jones Lang LaSalle in a research report on Monday, July 21st. They issued a “market perform” rating for the company. Wall Street Zen upgraded Jones Lang LaSalle from a “hold” rating to a “buy” rating in a research report on Sunday, August 31st. Finally, Keefe, Bruyette & Woods lifted their price target on Jones Lang LaSalle from $280.00 to $297.00 and gave the stock an “outperform” rating in a research report on Thursday, July 24th. 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 stock. Based on data from MarketBeat.com, Jones Lang LaSalle presently has a consensus rating of “Moderate Buy” and a consensus price target of $328.57.

Insider Activity

In related news, CEO Andrew W. Poppink sold 275 shares of the business’s stock in a transaction that occurred on Friday, June 20th. The stock was sold at an average price of $237.97, for a total value of $65,441.75. Following the completion of the sale, the chief executive officer owned 10,297 shares in the company, valued at approximately $2,450,377.09. The trade was a 2.60% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders own 0.91% of the company’s stock.

About Jones Lang LaSalle

Jones Lang LaSalle Incorporated operates as a commercial real estate and investment management company. It engages in the buying, building, occupying, managing, and investing in a commercial, industrial, hotel, residential, and retail properties in Americas, Europe, the Middle East, Africa, and the Asia Pacific.