Equity Investment Corp Purchases New Position in Jones Lang LaSalle Incorporated $JLL

Equity Investment Corp bought a new position in Jones Lang LaSalle Incorporated (NYSE:JLL) in the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The firm bought 241,826 shares of the financial services provider’s stock, valued at approximately $72,132,000. Equity Investment Corp owned 0.51% of Jones Lang LaSalle as of its most recent SEC filing.

Several other large investors also recently added to or reduced their stakes in the business. Hennessy Advisors Inc. purchased a new stake in Jones Lang LaSalle in the third quarter worth about $40,417,000. FJ Capital Management LLC grew its stake in shares of Jones Lang LaSalle by 38.5% in the 2nd quarter. FJ Capital Management LLC now owns 22,352 shares of the financial services provider’s stock worth $5,717,000 after buying an additional 6,214 shares during the last quarter. Bank of Montreal Can increased its position in Jones Lang LaSalle by 22.6% during the 2nd quarter. Bank of Montreal Can now owns 9,547 shares of the financial services provider’s stock valued at $2,442,000 after buying an additional 1,761 shares in the last quarter. Pacer Advisors Inc. raised its stake in Jones Lang LaSalle by 388.0% during the third quarter. Pacer Advisors Inc. now owns 8,653 shares of the financial services provider’s stock valued at $2,581,000 after buying an additional 6,880 shares during the last quarter. Finally, Y Intercept Hong Kong Ltd bought a new stake in Jones Lang LaSalle in the third quarter worth $1,143,000. Institutional investors own 94.80% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities analysts have recently issued reports on the company. Barclays started coverage on Jones Lang LaSalle in a research report on Tuesday, December 2nd. They issued an “equal weight” rating and a $351.00 price target for the company. UBS Group lifted their target price on shares of Jones Lang LaSalle from $360.00 to $410.00 and gave the stock a “buy” rating in a report on Wednesday, January 28th. Keefe, Bruyette & Woods increased their price target on shares of Jones Lang LaSalle from $390.00 to $405.00 and gave the company an “outperform” rating in a report on Thursday, January 8th. Wall Street Zen raised Jones Lang LaSalle from a “buy” rating to a “strong-buy” rating in a research report on Sunday, January 11th. Finally, The Goldman Sachs Group increased their price objective on Jones Lang LaSalle from $361.00 to $407.00 and gave the company a “buy” rating in a research report on Wednesday, November 26th. 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 data from MarketBeat.com, the company has an average rating of “Hold” and an average target price of $364.17.

Insider Transactions at Jones Lang LaSalle

In other Jones Lang LaSalle news, CEO Christian Ulbrich sold 96 shares of the company’s stock in a transaction dated Thursday, December 11th. The stock was sold at an average price of $332.18, for a total value of $31,889.28. Following the completion of the sale, the chief executive officer owned 114,685 shares in the company, valued at $38,096,063.30. This represents a 0.08% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. Insiders sold a total of 20,000 shares of company stock worth $6,609,091 over the last three months. Insiders own 0.91% of the company’s stock.

Jones Lang LaSalle Price Performance

NYSE JLL opened at $329.65 on Wednesday. The company has a 50-day moving average price of $341.46 and a 200-day moving average price of $312.65. Jones Lang LaSalle Incorporated has a 52 week low of $194.36 and a 52 week high of $363.06. 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 capitalization of $15.56 billion, a P/E ratio of 25.28 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 earnings per share (EPS) for the quarter, beating the consensus estimate of $4.24 by $0.26. Jones Lang LaSalle had a net margin of 2.49% and a return on equity of 11.10%. The company had revenue of $6.51 billion during the quarter, compared to analyst estimates of $6.49 billion. During the same period in the previous year, the business posted $3.50 earnings per share. The firm’s quarterly revenue was up 10.9% compared to the same quarter last year. Equities research 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 (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.