Alliancebernstein L.P. Raises Position in Jones Lang LaSalle Incorporated $JLL

Alliancebernstein L.P. lifted its position in Jones Lang LaSalle Incorporated (NYSE:JLL) by 5.2% during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 598,980 shares of the financial services provider’s stock after acquiring an additional 29,560 shares during the period. Alliancebernstein L.P. owned 1.27% of Jones Lang LaSalle worth $178,664,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors and hedge funds have also made changes to their positions in JLL. EdgePoint Investment Group Inc. boosted its stake in Jones Lang LaSalle by 21.0% during the second quarter. EdgePoint Investment Group Inc. now owns 2,221,528 shares of the financial services provider’s stock worth $568,222,000 after buying an additional 386,184 shares during the last quarter. Swedbank AB lifted its stake in shares of Jones Lang LaSalle by 5.4% in the 3rd quarter. Swedbank AB now owns 989,199 shares of the financial services provider’s stock valued at $295,058,000 after purchasing an additional 51,050 shares during the last quarter. Norges Bank purchased a new position in shares of Jones Lang LaSalle during the 2nd quarter worth $160,187,000. Bamco Inc. NY boosted its position in shares of Jones Lang LaSalle by 9.9% during the 2nd quarter. Bamco Inc. NY now owns 518,364 shares of the financial services provider’s stock worth $132,587,000 after purchasing an additional 46,523 shares during the period. Finally, Marshall Wace LLP increased its holdings in Jones Lang LaSalle by 50.7% in the 2nd quarter. Marshall Wace LLP now owns 295,846 shares of the financial services provider’s stock valued at $75,671,000 after purchasing an additional 99,552 shares during the last quarter. 94.80% of the stock is currently owned by institutional investors and hedge funds.

Jones Lang LaSalle Stock Performance

NYSE JLL opened at $300.12 on Tuesday. The company has a fifty day moving average of $327.20 and a two-hundred day moving average of $318.34. The company has a debt-to-equity ratio of 0.10, a current ratio of 2.23 and a quick ratio of 2.23. Jones Lang LaSalle Incorporated has a 1 year low of $194.36 and a 1 year high of $363.06. The company has a market capitalization of $14.06 billion, a PE ratio of 18.29 and a beta of 1.42.

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

Analysts Set New Price Targets

A number of equities analysts recently commented on the company. The Goldman Sachs Group raised their target price on Jones Lang LaSalle from $361.00 to $407.00 and gave the company a “buy” rating in a report on Wednesday, November 26th. Zacks Research upgraded shares of Jones Lang LaSalle from a “hold” rating to a “strong-buy” rating in a report on Friday, February 20th. Weiss Ratings upgraded shares of Jones Lang LaSalle from a “hold (c+)” rating to a “buy (b-)” rating in a report on Friday, February 20th. Keefe, Bruyette & Woods decreased their target price on Jones Lang LaSalle from $405.00 to $380.00 and set an “outperform” rating for the company in a report on Tuesday, February 24th. Finally, Wall Street Zen upgraded Jones Lang LaSalle from a “buy” rating to a “strong-buy” rating in a research note on Sunday, January 11th. One equities research analyst has rated the stock with a Strong Buy rating, five have assigned a Buy rating and three have issued a Hold rating to the stock. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average price target of $363.17.

Insider Buying and Selling

In other Jones Lang LaSalle news, Director Deborah H. Mcaneny sold 2,500 shares of the stock in a transaction that occurred on Tuesday, March 10th. The stock was sold at an average price of $300.50, for a total transaction of $751,250.00. Following the completion of the sale, the director directly owned 14,985 shares of the company’s stock, valued at approximately $4,502,992.50. This trade represents a 14.30% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 0.91% of the stock is currently owned by corporate insiders.

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.