Chase Investment Counsel Corp Takes Position in Jones Lang LaSalle Incorporated $JLL

Chase Investment Counsel Corp bought a new position in Jones Lang LaSalle Incorporated (NYSE:JLL) in the 3rd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm bought 9,944 shares of the financial services provider’s stock, valued at approximately $2,966,000.

Several other institutional investors and hedge funds have also recently bought and sold shares of JLL. Chilton Capital Management LLC bought a new position in shares of Jones Lang LaSalle during the 2nd quarter worth about $26,000. Caldwell Trust Co bought a new position in Jones Lang LaSalle during the second quarter worth about $38,000. Quent Capital LLC acquired a new stake in Jones Lang LaSalle during the third quarter valued at approximately $41,000. Root Financial Partners LLC bought a new stake in shares of Jones Lang LaSalle in the 3rd quarter valued at approximately $44,000. Finally, Steph & Co. bought a new position in shares of Jones Lang LaSalle during the 3rd quarter worth approximately $50,000. Institutional investors own 94.80% of the company’s stock.

Jones Lang LaSalle Stock Down 3.4%

NYSE JLL opened at $303.41 on Tuesday. 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 stock has a market capitalization of $14.21 billion, a P/E ratio of 18.49 and a beta of 1.42. The stock has a fifty day moving average of $337.47 and a 200-day moving average of $317.24.

Jones Lang LaSalle (NYSE:JLL) last posted its quarterly earnings results on Wednesday, February 18th. The financial services provider reported $8.71 earnings per share (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 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 business earned $6.15 earnings per share. The firm’s quarterly revenue was up 11.7% compared to the same quarter last year. On average, equities research analysts forecast that Jones Lang LaSalle Incorporated will post 16.45 EPS for the current year.

Insider Buying and Selling at Jones Lang LaSalle

In related news, CEO Christian Ulbrich sold 96 shares of the stock in a transaction that occurred on Thursday, December 11th. The shares were sold at an average price of $332.18, for a total value of $31,889.28. Following the transaction, the chief executive officer directly owned 114,685 shares in the company, valued at $38,096,063.30. This represents a 0.08% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Insiders have sold 15,000 shares of company stock worth $4,957,441 over the last ninety days. Insiders own 0.91% of the company’s stock.

Analyst Upgrades and Downgrades

Several research analysts have issued reports on the company. Keefe, Bruyette & Woods increased their price objective on Jones Lang LaSalle from $390.00 to $405.00 and gave the stock an “outperform” rating in a research note on Thursday, January 8th. Barclays began 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 target price for the company. Weiss Ratings upgraded shares of Jones Lang LaSalle from a “hold (c+)” rating to a “buy (b-)” rating in a research report on Friday. The Goldman Sachs Group raised 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, Wall Street Zen raised Jones Lang LaSalle from a “buy” rating to a “strong-buy” rating in a report on Sunday, January 11th. Five investment analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the stock. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $366.67.

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.