Brandywine Global Investment Management LLC Takes $7.93 Million Position in Jones Lang LaSalle Incorporated $JLL

Brandywine Global Investment Management LLC bought a new stake in Jones Lang LaSalle Incorporated (NYSE:JLL) during the second quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund bought 30,983 shares of the financial services provider’s stock, valued at approximately $7,925,000.

A number of other large investors also recently bought and sold shares of the stock. MAI Capital Management raised its stake in shares of Jones Lang LaSalle by 68.7% in the 2nd quarter. MAI Capital Management now owns 474 shares of the financial services provider’s stock valued at $121,000 after acquiring an additional 193 shares during the period. JPMorgan Chase & Co. boosted its position in shares of Jones Lang LaSalle by 1.0% during the second quarter. JPMorgan Chase & Co. now owns 148,567 shares of the financial services provider’s stock worth $38,003,000 after buying an additional 1,411 shares during the period. Ensign Peak Advisors Inc increased its stake in Jones Lang LaSalle by 749.7% during the second quarter. Ensign Peak Advisors Inc now owns 153,616 shares of the financial services provider’s stock worth $39,292,000 after purchasing an additional 135,538 shares during the period. Renaissance Group LLC boosted its position in Jones Lang LaSalle by 12.9% in the 2nd quarter. Renaissance Group LLC now owns 123,568 shares of the financial services provider’s stock valued at $31,606,000 after buying an additional 14,146 shares during the period. Finally, Traub Capital Management LLC purchased a new position in Jones Lang LaSalle in the second quarter valued at $52,000. Institutional investors and hedge funds own 94.80% of the company’s stock.

Jones Lang LaSalle Stock Performance

NYSE:JLL opened at $314.72 on Friday. The firm has a market cap of $14.85 billion, a price-to-earnings ratio of 27.06 and a beta of 1.46. The company has a debt-to-equity ratio of 0.16, a current ratio of 2.35 and a quick ratio of 2.35. Jones Lang LaSalle Incorporated has a 1-year low of $194.36 and a 1-year high of $322.36. The firm’s fifty day moving average price is $302.34 and its 200 day moving average price is $275.25.

Jones Lang LaSalle (NYSE:JLL) last issued its quarterly earnings results on Wednesday, November 5th. The financial services provider reported $4.50 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $4.24 by $0.26. Jones Lang LaSalle had a net margin of 2.28% and a return on equity of 10.63%. The business had revenue of $6.51 billion for the quarter, compared to analyst estimates of $6.49 billion. During the same period in the previous year, the business posted $3.50 earnings per share. The business’s revenue was up 10.9% compared to the same quarter last year. On average, sell-side analysts expect that Jones Lang LaSalle Incorporated will post 16.45 EPS for the current year.

Analyst Ratings Changes

JLL has been the subject of a number of recent research reports. Keefe, Bruyette & Woods lifted their price target on shares of Jones Lang LaSalle from $317.00 to $345.00 and gave the stock an “outperform” rating in a research note on Thursday, October 9th. Weiss Ratings restated a “hold (c+)” rating on shares of Jones Lang LaSalle in a research report on Wednesday, October 8th. The Goldman Sachs Group raised their price objective on Jones Lang LaSalle from $338.00 to $378.00 and gave the stock a “buy” rating in a report on Wednesday, August 13th. JPMorgan Chase & Co. lifted their price target on Jones Lang LaSalle from $285.00 to $372.00 and gave the stock an “overweight” rating in a research report on Tuesday, August 26th. Finally, UBS Group increased their price objective on Jones Lang LaSalle from $340.00 to $360.00 and gave the company a “buy” rating in a report on Friday, October 10th. One equities research analyst has rated the stock with a Strong Buy rating, five have assigned a Buy rating and four have given a Hold rating to the company’s stock. According to data from MarketBeat, Jones Lang LaSalle currently has a consensus rating of “Moderate Buy” and an average target price of $338.29.

About Jones Lang LaSalle

Jones Lang LaSalle Incorporated operates as a commercial real estate and investment management company. It engages in the buying, building, occupying, managing, and investing in a commercial, industrial, hotel, residential, and retail properties in Americas, Europe, the Middle East, Africa, and the Asia Pacific.