Jones Lang LaSalle Incorporated $JLL Shares Acquired by Channing Capital Management LLC

Channing Capital Management LLC increased its holdings in shares of Jones Lang LaSalle Incorporated (NYSE:JLL) by 14.2% in the third quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 36,347 shares of the financial services provider’s stock after purchasing an additional 4,517 shares during the quarter. Channing Capital Management LLC owned 0.08% of Jones Lang LaSalle worth $10,842,000 as of its most recent filing with the SEC.

Several other institutional investors also recently bought and sold shares of the business. Chilton Capital Management LLC acquired a new stake in shares of Jones Lang LaSalle in the second quarter worth $26,000. Caldwell Trust Co acquired a new stake in Jones Lang LaSalle in the 2nd quarter valued at $38,000. Quent Capital LLC purchased a new position in Jones Lang LaSalle in the third quarter valued at about $41,000. Root Financial Partners LLC acquired a new position in shares of Jones Lang LaSalle during the third quarter worth about $44,000. Finally, Steph & Co. acquired a new stake in shares of Jones Lang LaSalle in the third quarter valued at about $50,000. 94.80% of the stock is currently owned by hedge funds and other institutional investors.

Jones Lang LaSalle Price Performance

Shares of JLL stock opened at $314.07 on Friday. The firm has a market cap of $14.82 billion, a P/E ratio of 19.14 and a beta of 1.42. The firm has a fifty day moving average of $337.97 and a two-hundred day moving average of $316.75. The company has a debt-to-equity ratio of 0.10, a current ratio of 2.23 and a quick ratio of 2.31. Jones Lang LaSalle Incorporated has a 1-year low of $194.36 and a 1-year high of $363.06.

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

Insider Buying and Selling at Jones Lang LaSalle

In related news, CEO Christian Ulbrich sold 96 shares of the company’s stock in a transaction that occurred on 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 directly owned 114,685 shares of the company’s stock, valued at approximately $38,096,063.30. This represents a 0.08% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. In the last ninety days, insiders sold 20,000 shares of company stock valued at $6,609,091. 0.91% of the stock is currently owned by insiders.

Analyst Ratings Changes

A number of research firms have weighed in on JLL. Wall Street Zen upgraded Jones Lang LaSalle from a “buy” rating to a “strong-buy” rating in a report on Sunday, January 11th. UBS Group boosted their target price on shares of Jones Lang LaSalle from $360.00 to $410.00 and gave the stock a “buy” rating in a research report on Wednesday, January 28th. Weiss Ratings raised shares of Jones Lang LaSalle from a “hold (c+)” rating to a “buy (b-)” rating in a report on Friday. The Goldman Sachs Group boosted their price objective on shares of Jones Lang LaSalle from $361.00 to $407.00 and gave the stock a “buy” rating in a report on Wednesday, November 26th. Finally, Keefe, Bruyette & Woods raised their target price on Jones Lang LaSalle from $390.00 to $405.00 and gave the company an “outperform” rating in a research note on Thursday, January 8th. Five investment analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the stock. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $364.17.

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.