Cerity Partners LLC Buys 2,488 Shares of Jones Lang LaSalle Incorporated $JLL

Cerity Partners LLC raised its stake in shares of Jones Lang LaSalle Incorporated (NYSE:JLL) by 6.8% during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 38,878 shares of the financial services provider’s stock after purchasing an additional 2,488 shares during the period. Cerity Partners LLC owned 0.08% of Jones Lang LaSalle worth $11,596,000 as of its most recent SEC filing.

Several other institutional investors also recently added to or reduced their stakes in the business. Chilton Capital Management LLC acquired a new stake in shares of Jones Lang LaSalle during the 2nd quarter worth approximately $26,000. Thurston Springer Miller Herd & Titak Inc. increased its stake in shares of Jones Lang LaSalle by 322.6% in the 2nd quarter. Thurston Springer Miller Herd & Titak Inc. now owns 131 shares of the financial services provider’s stock valued at $34,000 after buying an additional 100 shares during the period. Caldwell Trust Co bought a new position in shares of Jones Lang LaSalle in the 2nd quarter valued at about $38,000. Steph & Co. bought a new stake in shares of Jones Lang LaSalle during the 3rd quarter valued at $50,000. Finally, Traub Capital Management LLC acquired a new position in shares of Jones Lang LaSalle during the 2nd quarter worth about $52,000. 94.80% of the stock is owned by institutional investors.

Insiders Place Their Bets

In other Jones Lang LaSalle news, CEO Christian Ulbrich sold 5,000 shares of the stock in a transaction that occurred on Tuesday, November 25th. The stock was sold at an average price of $330.33, for a total value of $1,651,650.00. Following the transaction, the chief executive officer owned 134,685 shares in the company, valued at approximately $44,490,496.05. This represents a 3.58% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Over the last 90 days, insiders sold 20,000 shares of company stock worth $6,609,091. 0.91% of the stock is currently owned by corporate insiders.

Wall Street Analyst Weigh In

Several brokerages have issued reports on JLL. Wall Street Zen upgraded Jones Lang LaSalle from a “buy” rating to a “strong-buy” rating in a report on Sunday. The Goldman Sachs Group lifted their price objective on shares of Jones Lang LaSalle from $361.00 to $407.00 and gave the company a “buy” rating in a research report on Wednesday, November 26th. Weiss Ratings reissued a “hold (c+)” rating on shares of Jones Lang LaSalle in a research report on Wednesday, October 8th. Keefe, Bruyette & Woods upped their price target on shares of Jones Lang LaSalle from $390.00 to $405.00 and gave the company an “outperform” rating in a research note on Thursday. Finally, UBS Group raised their price target on Jones Lang LaSalle from $340.00 to $360.00 and gave the stock a “buy” rating in a research report on Friday, October 10th. One equities research analyst has rated the stock with a Strong Buy rating, four have given a Buy rating and five have given a Hold rating to the stock. According to data from MarketBeat.com, Jones Lang LaSalle has an average rating of “Moderate Buy” and a consensus target price of $350.71.

Jones Lang LaSalle Trading Up 1.0%

NYSE:JLL opened at $349.87 on Friday. The firm’s fifty day moving average is $324.92 and its 200-day moving average is $300.80. Jones Lang LaSalle Incorporated has a 52 week low of $194.36 and a 52 week high of $356.57. The company has a debt-to-equity ratio of 0.13, a quick ratio of 2.31 and a current ratio of 2.31. The firm has a market cap of $16.51 billion, a P/E ratio of 26.83 and a beta of 1.42.

Jones Lang LaSalle (NYSE:JLL) last announced its earnings results on Wednesday, November 5th. The financial services provider reported $4.50 EPS for the quarter, beating the consensus estimate of $4.24 by $0.26. The company 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 firm’s revenue for the quarter was up 10.9% compared to the same quarter last year. During the same quarter in the prior year, the company earned $3.50 EPS. Equities analysts expect that Jones Lang LaSalle Incorporated will post 16.45 earnings per share for the current year.

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.