Citigroup Inc. Has $3.90 Million Holdings in Jones Lang LaSalle Incorporated $JLL

Citigroup Inc. trimmed its position in shares of Jones Lang LaSalle Incorporated (NYSE:JLL) by 13.5% during the 3rd quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 13,077 shares of the financial services provider’s stock after selling 2,038 shares during the period. Citigroup Inc.’s holdings in Jones Lang LaSalle were worth $3,901,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also modified their holdings of JLL. Caldwell Trust Co purchased a new stake in Jones Lang LaSalle in the 2nd quarter worth about $38,000. Chilton Capital Management LLC lifted its position in shares of Jones Lang LaSalle by 33.0% in 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 stake in shares of Jones Lang LaSalle during the third quarter worth approximately $41,000. Root Financial Partners LLC purchased a new position in Jones Lang LaSalle during the third quarter valued at approximately $44,000. Finally, Steph & Co. acquired a new position in Jones Lang LaSalle in the 3rd quarter valued at approximately $50,000. Hedge funds and other institutional investors own 94.80% of the company’s stock.

Insider Buying and Selling

In related news, CEO Christian Ulbrich sold 5,000 shares of Jones Lang LaSalle stock in a transaction on Wednesday, December 10th. The shares were sold at an average price of $330.87, for a total value of $1,654,350.00. Following the transaction, the chief executive officer owned 114,781 shares in the company, valued at $37,977,589.47. This trade represents a 4.17% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this link. In the last quarter, insiders have sold 9,760 shares of company stock valued at $3,227,038. Company insiders own 0.91% of the company’s stock.

Analyst Ratings Changes

JLL has been the topic of several research analyst reports. UBS Group boosted their price target on shares of Jones Lang LaSalle from $410.00 to $425.00 and gave the company a “buy” rating in a report on Monday, February 23rd. Weiss Ratings upgraded Jones Lang LaSalle from a “hold (c+)” rating to a “buy (b-)” rating in a research note on Friday, February 20th. Barclays initiated coverage on Jones Lang LaSalle in a research note on Tuesday, December 2nd. They set an “equal weight” rating and a $351.00 price target for the company. Wall Street Zen upgraded Jones Lang LaSalle from a “buy” rating to a “strong-buy” rating in a report on Sunday, January 11th. Finally, Zacks Research raised shares of Jones Lang LaSalle from a “hold” rating to a “strong-buy” rating in a research report on Friday, February 20th. One investment analyst has rated the stock with a Strong Buy rating, five have given a Buy rating and three have assigned a Hold rating to the company’s stock. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus target price of $362.50.

Jones Lang LaSalle Stock Performance

Shares of NYSE JLL opened at $310.62 on Thursday. The business’s 50-day simple moving average is $334.09 and its 200-day simple moving average is $318.35. The company has a debt-to-equity ratio of 0.10, a quick ratio of 2.23 and a current ratio of 2.23. Jones Lang LaSalle Incorporated has a 52 week low of $194.36 and a 52 week high of $363.06. The firm has a market cap of $14.55 billion, a price-to-earnings ratio of 18.93 and a beta of 1.42.

Jones Lang LaSalle (NYSE:JLL) last announced its earnings results on Wednesday, February 18th. The financial services provider reported $8.71 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates 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 firm had revenue of $7.61 billion during the quarter, compared to analysts’ expectations of $7.45 billion. During the same quarter in the prior year, the business earned $6.15 earnings per share. The company’s revenue was up 11.7% on a year-over-year basis. As a group, equities research analysts expect 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.