Boston Partners Makes New $12.19 Million Investment in Jones Lang LaSalle Incorporated $JLL

Boston Partners bought a new position in Jones Lang LaSalle Incorporated (NYSE:JLL) in the 2nd quarter, according to its most recent filing with the SEC. The institutional investor bought 47,633 shares of the financial services provider’s stock, valued at approximately $12,186,000. Boston Partners owned 0.10% of Jones Lang LaSalle at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently made changes to their positions in the company. Southeast Asset Advisors LLC grew its holdings in 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. XTX Topco Ltd bought a new position in shares of Jones Lang LaSalle during the second quarter valued at approximately $1,692,000. Jefferies Financial Group Inc. increased its holdings in Jones Lang LaSalle by 635.5% during the second quarter. Jefferies Financial Group Inc. now owns 9,760 shares of the financial services provider’s stock valued at $2,496,000 after buying an additional 8,433 shares during the period. American Century Companies Inc. raised its stake in Jones Lang LaSalle by 19.4% in the second quarter. American Century Companies Inc. now owns 90,269 shares of the financial services provider’s stock worth $23,089,000 after buying an additional 14,645 shares in the last quarter. Finally, AlphaCore Capital LLC bought a new stake in Jones Lang LaSalle during the 2nd quarter valued at $158,000. 94.80% of the stock is currently owned by institutional investors.

Jones Lang LaSalle Stock Performance

Shares of JLL opened at $325.28 on Friday. The company has a debt-to-equity ratio of 0.16, a quick ratio of 2.35 and a current ratio of 2.35. The stock has a 50-day moving average of $303.45 and a two-hundred day moving average of $278.25. The stock has a market cap of $15.35 billion, a P/E ratio of 27.97 and a beta of 1.46. Jones Lang LaSalle Incorporated has a one year low of $194.36 and a one year high of $335.83.

Jones Lang LaSalle (NYSE:JLL) last announced its quarterly earnings data on Wednesday, November 5th. The financial services provider reported $4.50 earnings per share for the quarter, beating analysts’ consensus estimates of $4.24 by $0.26. Jones Lang LaSalle had a return on equity of 10.63% and a net margin of 2.28%.The business had revenue of $6.51 billion for the quarter, compared to analyst estimates of $6.49 billion. During the same period in the prior year, the company earned $3.50 earnings per share. The company’s revenue was up 10.9% on a year-over-year basis. As a group, research analysts predict that Jones Lang LaSalle Incorporated will post 16.45 EPS for the current year.

Insider Transactions at Jones Lang LaSalle

In other Jones Lang LaSalle news, CEO Christian Ulbrich sold 5,000 shares of Jones Lang LaSalle stock in a transaction that occurred on Tuesday, November 25th. The shares were sold at an average price of $330.33, for a total transaction of $1,651,650.00. Following the completion of the sale, the chief executive officer directly owned 139,685 shares in the company, valued at approximately $46,142,146.05. The trade was a 3.46% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Corporate insiders own 0.91% of the company’s stock.

Analyst Ratings Changes

Several research analysts have recently commented on the company. The Goldman Sachs Group boosted their price target on Jones Lang LaSalle from $361.00 to $407.00 and gave the stock a “buy” rating in a research report on Wednesday. Weiss Ratings reissued a “hold (c+)” rating on shares of Jones Lang LaSalle in a research report on Wednesday, October 8th. Wall Street Zen raised shares of Jones Lang LaSalle from a “buy” rating to a “strong-buy” rating in a research report on Saturday, November 8th. JPMorgan Chase & Co. boosted their price objective on shares of Jones Lang LaSalle from $285.00 to $372.00 and gave the stock an “overweight” rating in a research note on Tuesday, August 26th. Finally, UBS Group raised their target price on shares of Jones Lang LaSalle from $340.00 to $360.00 and gave the company a “buy” rating in a research note on Friday, October 10th. One investment analyst has rated the stock with a Strong Buy rating, four have given a Buy rating and four have given a Hold rating to the company. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average target price of $340.67.

Jones Lang LaSalle Profile

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.