AustralianSuper Pty Ltd Invests $32.18 Million in Jones Lang LaSalle Incorporated $JLL

AustralianSuper Pty Ltd purchased a new stake in Jones Lang LaSalle Incorporated (NYSE:JLL) in the third quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund purchased 107,897 shares of the financial services provider’s stock, valued at approximately $32,184,000. AustralianSuper Pty Ltd owned about 0.23% of Jones Lang LaSalle as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Chilton Capital Management LLC lifted its position in shares of Jones Lang LaSalle by 33.0% during the third quarter. Chilton Capital Management LLC now owns 133 shares of the financial services provider’s stock worth $40,000 after purchasing an additional 33 shares in the last quarter. Quent Capital LLC acquired a new position in Jones Lang LaSalle during the 3rd quarter worth $41,000. Root Financial Partners LLC bought a new position in Jones Lang LaSalle in the 3rd quarter valued at $44,000. Caldwell Trust Co acquired a new stake in shares of Jones Lang LaSalle in the 2nd quarter valued at $38,000. Finally, Steph & Co. acquired a new position in shares of Jones Lang LaSalle during the third quarter valued at $50,000. Institutional investors and hedge funds own 94.80% of the company’s stock.

Wall Street Analyst Weigh In

JLL has been the subject of a number of research reports. UBS Group lifted their price objective on Jones Lang LaSalle from $410.00 to $425.00 and gave the stock a “buy” rating in a research report on Monday, February 23rd. Weiss Ratings raised shares of Jones Lang LaSalle from a “hold (c+)” rating to a “buy (b-)” rating in a research note on Friday, February 20th. Zacks Research raised shares of Jones Lang LaSalle from a “hold” rating to a “strong-buy” rating in a research note on Friday, February 20th. Keefe, Bruyette & Woods dropped their target price on shares of Jones Lang LaSalle from $405.00 to $380.00 and set an “outperform” rating for the company in a research report on Tuesday, February 24th. Finally, The Goldman Sachs Group raised 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. One equities research analyst has rated the stock with a Strong Buy rating, five have assigned a Buy rating and three have given a Hold rating to the company’s stock. According to data from MarketBeat.com, Jones Lang LaSalle has an average rating of “Moderate Buy” and an average price target of $362.50.

Jones Lang LaSalle Stock Performance

Shares of Jones Lang LaSalle stock opened at $310.08 on Wednesday. The stock’s fifty day simple moving average is $334.81 and its 200 day simple moving average is $318.41. The company has a current ratio of 2.23, a quick ratio of 2.23 and a debt-to-equity ratio of 0.10. The company has a market capitalization of $14.53 billion, a PE ratio of 18.90 and a beta of 1.42. Jones Lang LaSalle Incorporated has a 12 month low of $194.36 and a 12 month high of $363.06.

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

Insider Buying and Selling

In other Jones Lang LaSalle news, CEO Christian Ulbrich sold 96 shares of Jones Lang LaSalle stock in a transaction that occurred on Thursday, December 11th. The shares were sold at an average price of $332.18, for a total value of $31,889.28. Following the transaction, the chief executive officer owned 114,685 shares of the company’s stock, valued at approximately $38,096,063.30. The trade was a 0.08% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through the SEC website. In the last 90 days, insiders have sold 9,760 shares of company stock worth $3,227,038. Company insiders own 0.91% of the company’s stock.

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.