Universal Beteiligungs und Servicegesellschaft mbH Boosts Stock Position in Jones Lang LaSalle Incorporated $JLL

Universal Beteiligungs und Servicegesellschaft mbH lifted its position in Jones Lang LaSalle Incorporated (NYSE:JLL) by 10.7% in the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 28,821 shares of the financial services provider’s stock after purchasing an additional 2,791 shares during the quarter. Universal Beteiligungs und Servicegesellschaft mbH owned about 0.06% of Jones Lang LaSalle worth $8,597,000 as of its most recent SEC filing.

Other large investors have also recently bought and sold shares of the company. Integrated Wealth Concepts LLC purchased a new position in Jones Lang LaSalle during the 1st quarter worth approximately $546,000. Empowered Funds LLC increased its stake in shares of Jones Lang LaSalle by 203.1% in the first quarter. Empowered Funds LLC now owns 4,046 shares of the financial services provider’s stock worth $1,003,000 after acquiring an additional 2,711 shares during the period. GAMMA Investing LLC raised its holdings in shares of Jones Lang LaSalle by 6.0% during the second quarter. GAMMA Investing LLC now owns 908 shares of the financial services provider’s stock worth $232,000 after purchasing an additional 51 shares during the last quarter. Fifth Third Bancorp lifted its position in Jones Lang LaSalle by 18.0% during the second 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 during the period. Finally, Fort Washington Investment Advisors Inc. OH boosted its holdings in 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 valued at $103,619,000 after purchasing an additional 1,334 shares during the last quarter. Hedge funds and other institutional investors own 94.80% of the company’s stock.

Insider Activity

In other news, CEO Christian Ulbrich sold 96 shares of the business’s stock in a transaction dated Thursday, December 11th. The shares were sold at an average price of $332.18, for a total transaction of $31,889.28. Following the completion of the sale, the chief executive officer owned 114,685 shares of the company’s stock, valued at $38,096,063.30. The trade was a 0.08% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Insiders have sold a total of 20,000 shares of company stock valued at $6,609,091 in the last quarter. 0.91% of the stock is owned by company insiders.

Analyst Upgrades and Downgrades

JLL has been the subject of a number of recent research reports. Barclays started coverage on Jones Lang LaSalle in a research note on Tuesday, December 2nd. They set an “equal weight” rating and a $351.00 price objective for the company. Keefe, Bruyette & Woods lifted their price target on Jones Lang LaSalle from $390.00 to $405.00 and gave the company an “outperform” rating in a research report on Thursday, January 8th. Wall Street Zen raised Jones Lang LaSalle from a “buy” rating to a “strong-buy” rating in a report on Sunday, January 11th. Weiss Ratings reaffirmed a “hold (c+)” rating on shares of Jones Lang LaSalle in a report on Thursday. Finally, UBS Group boosted 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. Four research analysts have rated the stock with a Buy rating and five have assigned a Hold rating to the company’s stock. According to MarketBeat, the stock currently has an average rating of “Hold” and a consensus price target of $355.83.

Jones Lang LaSalle Stock Down 0.6%

Shares of JLL opened at $354.11 on Monday. The company has a current ratio of 2.31, a quick ratio of 2.31 and a debt-to-equity ratio of 0.13. The firm has a market cap of $16.71 billion, a P/E ratio of 27.16 and a beta of 1.42. The stock’s 50 day moving average is $335.24 and its two-hundred day moving average is $307.78. Jones Lang LaSalle Incorporated has a 12 month low of $194.36 and a 12 month high of $360.46.

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

Jones Lang LaSalle Company 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.