CenterBook Partners LP Invests $564,000 in Jones Lang LaSalle Incorporated $JLL

CenterBook Partners LP purchased a new stake in Jones Lang LaSalle Incorporated (NYSE:JLL) in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor purchased 1,890 shares of the financial services provider’s stock, valued at approximately $564,000.

Several other institutional investors also recently modified their holdings of the business. Chilton Capital Management LLC bought a new position in shares of Jones Lang LaSalle in the 2nd quarter worth about $26,000. Caldwell Trust Co acquired a new position in shares of Jones Lang LaSalle during the second quarter worth approximately $38,000. Quent Capital LLC acquired a new position in Jones Lang LaSalle during the third quarter worth $41,000. Root Financial Partners LLC bought a new position in Jones Lang LaSalle in the 3rd quarter valued at about $44,000. Finally, Steph & Co. bought a new stake in Jones Lang LaSalle during the third quarter worth $50,000. Institutional investors own 94.80% of the company’s stock.

Insider Transactions at Jones Lang LaSalle

In related news, CEO Christian Ulbrich sold 5,000 shares of the stock in a transaction on Tuesday, November 25th. The stock was sold at an average price of $330.33, for a total transaction of $1,651,650.00. Following the sale, 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 filing with the SEC, which is available at the SEC website. Over the last quarter, insiders sold 20,000 shares of company stock valued at $6,609,091. Corporate insiders own 0.91% of the company’s stock.

Jones Lang LaSalle Price Performance

JLL stock opened at $314.07 on Friday. The firm has a 50-day moving average of $337.97 and a 200 day moving average of $316.75. The company has a debt-to-equity ratio of 0.10, a current ratio of 2.23 and a quick ratio of 2.31. The company has a market cap of $14.82 billion, a P/E ratio of 19.14 and a beta of 1.42. Jones Lang LaSalle Incorporated has a 1 year low of $194.36 and a 1 year high of $363.06.

Jones Lang LaSalle (NYSE:JLL) last issued its quarterly earnings results on Wednesday, February 18th. The financial services provider reported $8.71 earnings per share for the quarter, topping the consensus estimate of $7.25 by $1.46. The company had revenue of $7.61 billion for the quarter, compared to analysts’ expectations of $7.45 billion. Jones Lang LaSalle had a return on equity of 12.50% and a net margin of 3.03%.The firm’s revenue for the quarter was up 11.7% on a year-over-year basis. During the same period in the prior year, the firm earned $6.15 earnings per share. On average, sell-side analysts forecast that Jones Lang LaSalle Incorporated will post 16.45 EPS for the current year.

Wall Street Analyst Weigh In

A number of research analysts have issued reports on the company. Wall Street Zen upgraded Jones Lang LaSalle from a “buy” rating to a “strong-buy” rating in a research note on Sunday, January 11th. 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 research note on Wednesday, January 28th. Barclays assumed coverage on Jones Lang LaSalle in a research report on Tuesday, December 2nd. They set an “equal weight” rating and a $351.00 target price on the stock. Weiss Ratings raised shares of Jones Lang LaSalle from a “hold (c+)” rating to a “buy (b-)” rating in a research note on Friday. Finally, The Goldman Sachs Group raised their price target on shares of Jones Lang LaSalle from $361.00 to $407.00 and gave the company a “buy” rating in a report on Wednesday, November 26th. Five analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the stock. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average target price of $364.17.

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.