Barclays PLC Boosts Position in Jones Lang LaSalle Incorporated $JLL

Barclays PLC lifted its position in Jones Lang LaSalle Incorporated (NYSE:JLL) by 223.9% in the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 99,225 shares of the financial services provider’s stock after purchasing an additional 68,593 shares during the quarter. Barclays PLC owned about 0.21% of Jones Lang LaSalle worth $29,597,000 at the end of the most recent reporting period.

A number of other institutional investors also recently bought and sold shares of JLL. Caldwell Trust Co purchased a new stake in Jones Lang LaSalle in the 2nd quarter valued at about $38,000. Chilton Capital Management LLC raised its stake in shares of Jones Lang LaSalle by 33.0% in the 3rd quarter. Chilton Capital Management LLC now owns 133 shares of the financial services provider’s stock valued at $40,000 after acquiring an additional 33 shares during the period. Quent Capital LLC acquired a new position in shares of Jones Lang LaSalle in the 3rd quarter worth approximately $41,000. Root Financial Partners LLC purchased a new position in shares of Jones Lang LaSalle during the 3rd quarter worth approximately $44,000. Finally, Steph & Co. acquired a new stake in Jones Lang LaSalle in the 3rd quarter valued at approximately $50,000. 94.80% of the stock is owned by hedge funds and other institutional investors.

Jones Lang LaSalle Trading Down 2.1%

Shares of NYSE:JLL opened at $295.42 on Wednesday. The company has a market cap of $13.84 billion, a PE ratio of 18.00 and a beta of 1.42. The company’s 50 day moving average is $330.71 and its two-hundred day moving average is $318.62. Jones Lang LaSalle Incorporated has a 52 week low of $194.36 and a 52 week high of $363.06. The company has a current ratio of 2.23, a quick ratio of 2.23 and a debt-to-equity ratio of 0.10.

Jones Lang LaSalle (NYSE:JLL) last posted its earnings results on Wednesday, February 18th. The financial services provider reported $8.71 EPS for the quarter, beating 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 firm had revenue of $7.61 billion for the quarter, compared to analyst estimates of $7.45 billion. During the same quarter in the prior year, the company posted $6.15 earnings per share. Jones Lang LaSalle’s revenue for the quarter was up 11.7% compared to the same quarter last year. Equities analysts predict that Jones Lang LaSalle Incorporated will post 16.45 earnings per share for the current fiscal year.

Insider Activity at Jones Lang LaSalle

In other news, CEO Christian Ulbrich sold 96 shares of the firm’s stock in a transaction dated Thursday, December 11th. The stock was sold at an average price of $332.18, for a total transaction of $31,889.28. Following the sale, the chief executive officer owned 114,685 shares of the company’s stock, valued at approximately $38,096,063.30. This trade represents a 0.08% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders own 0.91% of the company’s stock.

Analyst Upgrades and Downgrades

A number of brokerages have recently weighed in on JLL. UBS Group lifted their price objective on Jones Lang LaSalle from $410.00 to $425.00 and gave the company a “buy” rating in a research note on Monday, February 23rd. Weiss Ratings upgraded Jones Lang LaSalle from a “hold (c+)” rating to a “buy (b-)” rating in a report on Friday, February 20th. Zacks Research raised Jones Lang LaSalle from a “hold” rating to a “strong-buy” rating in a research report on Friday, February 20th. Barclays initiated coverage on shares of Jones Lang LaSalle in a research report on Tuesday, December 2nd. They set an “equal weight” rating and a $351.00 price target on the stock. Finally, Keefe, Bruyette & Woods dropped their price objective on shares of Jones Lang LaSalle from $405.00 to $380.00 and set an “outperform” rating for the company in a report on Tuesday, February 24th. One investment analyst has rated the stock with a Strong Buy rating, five have issued a Buy rating and three have issued a Hold rating to the stock. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $362.50.

About Jones Lang LaSalle

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.