Jones Lang LaSalle Incorporated $JLL is Ariel Investments LLC’s 8th Largest Position

Ariel Investments LLC cut its position in Jones Lang LaSalle Incorporated (NYSE:JLL) by 3.1% in the second quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 1,004,090 shares of the financial services provider’s stock after selling 32,290 shares during the quarter. Jones Lang LaSalle makes up approximately 2.9% of Ariel Investments LLC’s investment portfolio, making the stock its 8th largest holding. Ariel Investments LLC owned about 2.12% of Jones Lang LaSalle worth $256,826,000 at the end of the most recent reporting period.

A number of other institutional investors have also modified their holdings of JLL. Southeast Asset Advisors LLC raised 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 position in shares of Jones Lang LaSalle by 2.0% during the second quarter. Northwestern Mutual Wealth Management Co. now owns 2,376 shares of the financial services provider’s stock worth $608,000 after purchasing an additional 47 shares in the last quarter. GAMMA Investing LLC boosted its position in shares of Jones Lang LaSalle by 6.0% in the 2nd quarter. GAMMA Investing LLC now owns 908 shares of the financial services provider’s stock worth $232,000 after purchasing an additional 51 shares in the last quarter. CWC Advisors LLC. grew its stake in Jones Lang LaSalle by 2.9% during the 2nd quarter. CWC Advisors LLC. now owns 2,195 shares of the financial services provider’s stock worth $561,000 after buying an additional 61 shares during the last quarter. Finally, Whittier Trust Co. increased its position in Jones Lang LaSalle by 40.9% during the 2nd quarter. Whittier Trust Co. now owns 217 shares of the financial services provider’s stock valued at $56,000 after buying an additional 63 shares in the last quarter. 94.80% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

JLL has been the subject of several recent analyst reports. The Goldman Sachs Group raised their price target on Jones Lang LaSalle from $361.00 to $407.00 and gave the stock a “buy” rating in a report on Wednesday, November 26th. Wall Street Zen upgraded shares of Jones Lang LaSalle from a “buy” rating to a “strong-buy” rating in a research note on Saturday, November 8th. JPMorgan Chase & Co. boosted their target price on shares of Jones Lang LaSalle from $285.00 to $372.00 and gave the stock an “overweight” rating in a research report on Tuesday, August 26th. UBS Group raised their price target on shares of Jones Lang LaSalle from $340.00 to $360.00 and gave the stock a “buy” rating in a report on Friday, October 10th. Finally, Barclays started coverage on shares of Jones Lang LaSalle in a report on Tuesday, December 2nd. They set an “equal weight” rating and a $351.00 price objective on the stock. One investment analyst has rated the stock with a Strong Buy rating, four have assigned a Buy rating and five have given a Hold rating to the company. Based on data from MarketBeat, Jones Lang LaSalle currently has an average rating of “Moderate Buy” and an average target price of $342.14.

Insider Transactions at Jones Lang LaSalle

In related news, CEO Christian Ulbrich sold 4,664 shares of the firm’s stock in a transaction on Friday, December 5th. The shares were sold at an average price of $330.36, for a total transaction of $1,540,799.04. Following the sale, the chief executive officer owned 119,781 shares in the company, valued at approximately $39,570,851.16. This trade represents a 3.75% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Insiders have sold 14,904 shares of company stock worth $4,922,851 over the last quarter. Corporate insiders own 0.91% of the company’s stock.

Jones Lang LaSalle Stock Up 1.8%

Jones Lang LaSalle stock opened at $325.79 on Wednesday. The business’s 50-day moving average price is $306.42 and its 200 day moving average price is $283.75. The company has a quick ratio of 2.31, a current ratio of 2.31 and a debt-to-equity ratio of 0.13. The firm has a market cap of $15.37 billion, a price-to-earnings ratio of 24.98 and a beta of 1.44. Jones Lang LaSalle Incorporated has a 52 week low of $194.36 and a 52 week high of $335.83.

Jones Lang LaSalle (NYSE:JLL) last released its quarterly earnings data on Wednesday, November 5th. The financial services provider reported $4.50 EPS for the quarter, topping the consensus estimate of $4.24 by $0.26. The business had revenue of $6.51 billion for the quarter, compared to analyst estimates of $6.49 billion. Jones Lang LaSalle had a return on equity of 11.10% and a net margin of 2.49%.The business’s quarterly revenue was up 10.9% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $3.50 EPS. As a group, sell-side analysts anticipate that Jones Lang LaSalle Incorporated will post 16.45 earnings per share for the current year.

Jones Lang LaSalle Company 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.