Allspring Global Investments Holdings LLC Has $43.36 Million Holdings in Jones Lang LaSalle Incorporated $JLL

Allspring Global Investments Holdings LLC lessened its holdings in Jones Lang LaSalle Incorporated (NYSE:JLL) by 2.8% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 129,122 shares of the financial services provider’s stock after selling 3,770 shares during the quarter. Allspring Global Investments Holdings LLC owned approximately 0.27% of Jones Lang LaSalle worth $43,364,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also modified their holdings of the business. Sunbelt Securities Inc. acquired a new stake in Jones Lang LaSalle during the 3rd quarter worth $25,000. Caldwell Trust Co acquired a new position in shares of Jones Lang LaSalle in the 2nd quarter valued at $38,000. Chilton Capital Management LLC boosted its position 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 worth $40,000 after purchasing an additional 33 shares during the last quarter. Quent Capital LLC bought a new position in shares of Jones Lang LaSalle in the 3rd quarter worth $41,000. Finally, Root Financial Partners LLC acquired a new stake in shares of Jones Lang LaSalle during the third quarter worth $44,000. 94.80% of the stock is owned by institutional investors.

Jones Lang LaSalle Stock Performance

Shares of JLL opened at $306.03 on Thursday. The firm has a market cap of $14.34 billion, a P/E ratio of 18.65 and a beta of 1.41. Jones Lang LaSalle Incorporated has a twelve month low of $194.36 and a twelve month high of $363.06. The company has a debt-to-equity ratio of 0.10, a quick ratio of 2.23 and a current ratio of 2.23. The firm’s 50 day moving average price is $315.09 and its two-hundred day moving average price is $317.58.

Jones Lang LaSalle (NYSE:JLL) last issued its quarterly earnings data 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. The company had revenue of $7.61 billion during the quarter, compared to the consensus estimate of $7.45 billion. Jones Lang LaSalle had a net margin of 3.03% and a return on equity of 12.50%. The firm’s revenue was up 11.7% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $6.15 earnings per share. On average, analysts forecast that Jones Lang LaSalle Incorporated will post 16.45 EPS for the current fiscal year.

Insider Activity

In other news, CEO Richard Bloxam sold 5,440 shares of the business’s stock in a transaction dated Tuesday, March 24th. The stock was sold at an average price of $296.94, for a total value of $1,615,353.60. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, Director Deborah H. Mcaneny sold 2,500 shares of the company’s stock in a transaction dated Tuesday, March 10th. The stock was sold at an average price of $300.50, for a total value of $751,250.00. Following the transaction, the director directly owned 14,985 shares of the company’s stock, valued at $4,502,992.50. This represents a 14.30% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Company insiders own 0.91% of the company’s stock.

Wall Street Analyst Weigh In

Several equities analysts have weighed in on the company. Barclays cut their target price on Jones Lang LaSalle from $360.00 to $355.00 and set an “equal weight” rating on the stock in a research note on Friday, March 13th. Wall Street Zen raised Jones Lang LaSalle from a “buy” rating to a “strong-buy” rating in a research note on Sunday, January 11th. Keefe, Bruyette & Woods cut their price target on shares of Jones Lang LaSalle from $405.00 to $380.00 and set an “outperform” rating on the stock in a research report on Tuesday, February 24th. 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. Finally, UBS Group upped their target price on shares of Jones Lang LaSalle from $410.00 to $425.00 and gave the company a “buy” rating in a research note on Monday, February 23rd. One investment analyst has rated the stock with a Strong Buy rating, five have issued a Buy rating and three have given a Hold rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $363.17.

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.