AEGON ASSET MANAGEMENT UK Plc Purchases 59,811 Shares of Jones Lang LaSalle Incorporated $JLL

AEGON ASSET MANAGEMENT UK Plc increased its position in shares of Jones Lang LaSalle Incorporated (NYSE:JLL) by 86.6% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 128,858 shares of the financial services provider’s stock after acquiring an additional 59,811 shares during the quarter. AEGON ASSET MANAGEMENT UK Plc owned about 0.27% of Jones Lang LaSalle worth $38,397,000 as of its most recent SEC filing.

A number of other large investors have also made changes to their positions in JLL. Integrated Wealth Concepts LLC purchased a new position in Jones Lang LaSalle during the 1st quarter worth $546,000. Empowered Funds LLC increased its holdings in shares of Jones Lang LaSalle by 203.1% during the first quarter. Empowered Funds LLC now owns 4,046 shares of the financial services provider’s stock valued at $1,003,000 after acquiring an additional 2,711 shares in the last quarter. GAMMA Investing LLC boosted its stake in 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. Fifth Third Bancorp increased its stake in Jones Lang LaSalle by 18.0% during the 2nd quarter. Fifth Third Bancorp now owns 2,475 shares of the financial services provider’s stock valued at $633,000 after purchasing an additional 377 shares in the last quarter. Finally, Fort Washington Investment Advisors Inc. OH raised its holdings in shares of Jones Lang LaSalle by 0.3% in the second quarter. Fort Washington Investment Advisors Inc. OH now owns 405,109 shares of the financial services provider’s stock worth $103,619,000 after buying an additional 1,334 shares during the last quarter. 94.80% of the stock is owned by institutional investors and hedge funds.

Insiders Place Their Bets

In other Jones Lang LaSalle news, CEO Christian Ulbrich sold 5,000 shares of the stock in a transaction 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 transaction, the chief executive officer directly owned 134,685 shares of the company’s stock, valued at $44,490,496.05. This trade represents a 3.58% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Insiders have sold 20,000 shares of company stock worth $6,609,091 in the last ninety days. Corporate insiders own 0.91% of the company’s stock.

Jones Lang LaSalle Price Performance

Shares of Jones Lang LaSalle stock opened at $354.11 on Monday. The firm has a market cap of $16.71 billion, a PE ratio of 27.16 and a beta of 1.42. Jones Lang LaSalle Incorporated has a twelve month low of $194.36 and a twelve month high of $360.46. 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 business has a 50-day moving average price of $335.24 and a 200 day moving average price of $307.78.

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

Analyst Ratings Changes

A number of brokerages have commented on JLL. The Goldman Sachs Group lifted 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, November 26th. Keefe, Bruyette & Woods lifted their target price on Jones Lang LaSalle from $390.00 to $405.00 and gave the stock an “outperform” rating in a report on Thursday, January 8th. Weiss Ratings restated a “hold (c+)” rating on shares of Jones Lang LaSalle in a research note on Thursday. UBS Group increased their price objective on shares of Jones Lang LaSalle from $340.00 to $360.00 and gave the stock a “buy” rating in a research note on Friday, October 10th. Finally, Wall Street Zen raised Jones Lang LaSalle from a “buy” rating to a “strong-buy” rating in a research report on Sunday, January 11th. Four equities research analysts have rated the stock with a Buy rating and five have issued a Hold rating to the stock. According to data from MarketBeat.com, the company has an average rating of “Hold” and a consensus price target of $355.83.

Jones Lang LaSalle Profile

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.