Knights of Columbus Asset Advisors LLC Makes New Investment in Jones Lang LaSalle Incorporated $JLL

Knights of Columbus Asset Advisors LLC purchased a new stake in Jones Lang LaSalle Incorporated (NYSE:JLL) during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund purchased 15,242 shares of the financial services provider’s stock, valued at approximately $5,128,000.

Several other hedge funds and other institutional investors also recently modified their holdings of JLL. M&T Bank Corp raised its position in shares of Jones Lang LaSalle by 184,969.0% in the fourth quarter. M&T Bank Corp now owns 3,864,241 shares of the financial services provider’s stock valued at $1,300,201,000 after purchasing an additional 3,862,153 shares during the period. Millennium Management LLC raised its position in shares of Jones Lang LaSalle by 4,285.3% in the third quarter. Millennium Management LLC now owns 350,821 shares of the financial services provider’s stock valued at $104,643,000 after purchasing an additional 342,821 shares during the period. Equity Investment Corp bought a new stake in shares of Jones Lang LaSalle in the third quarter valued at approximately $72,132,000. Wellington Management Group LLP raised its position in shares of Jones Lang LaSalle by 310.0% in the third quarter. Wellington Management Group LLP now owns 290,148 shares of the financial services provider’s stock valued at $86,545,000 after purchasing an additional 219,373 shares during the period. Finally, Life Cycle Investment Partners Ltd bought a new stake in shares of Jones Lang LaSalle in the fourth quarter valued at approximately $37,109,000. Institutional investors own 94.80% of the company’s stock.

Jones Lang LaSalle Price Performance

Shares of NYSE:JLL opened at $290.72 on Thursday. The company has a 50 day moving average of $313.27 and a 200 day moving average of $321.80. The stock has a market cap of $13.49 billion, a P/E ratio of 15.63 and a beta of 1.34. Jones Lang LaSalle Incorporated has a 12 month low of $217.21 and a 12 month high of $363.06. The company has a current ratio of 2.35, a quick ratio of 2.35 and a debt-to-equity ratio of 0.15.

Jones Lang LaSalle (NYSE:JLL) last issued its quarterly earnings data on Thursday, April 30th. The financial services provider reported $3.43 EPS for the quarter, beating the consensus estimate of $3.01 by $0.42. The company had revenue of $6.39 billion during the quarter, compared to analysts’ expectations of $6 billion. Jones Lang LaSalle had a net margin of 3.35% and a return on equity of 13.01%. Jones Lang LaSalle’s revenue for the quarter was up 11.1% on a year-over-year basis. During the same quarter in the previous year, the company earned $2.31 earnings per share. As a group, sell-side analysts forecast that Jones Lang LaSalle Incorporated will post 22.61 EPS for the current fiscal year.

Insider Buying and Selling

In other Jones Lang LaSalle news, CEO Richard Bloxam sold 5,440 shares of the business’s stock in a transaction that occurred on Tuesday, March 24th. The shares were sold at an average price of $296.94, for a total value of $1,615,353.60. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, Director Deborah H. Mcaneny sold 2,500 shares of the business’s 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 transaction, the director directly owned 14,985 shares of the company’s stock, valued at approximately $4,502,992.50. This represents a 14.30% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. 0.91% of the stock is owned by insiders.

Analyst Upgrades and Downgrades

Several analysts have recently issued reports on the stock. Barclays boosted their price target on shares of Jones Lang LaSalle from $348.00 to $366.00 and gave the company an “equal weight” rating in a research report on Wednesday, May 13th. Weiss Ratings raised shares of Jones Lang LaSalle from a “buy (b-)” rating to a “buy (b)” rating in a research report on Wednesday, May 13th. Zacks Research cut shares of Jones Lang LaSalle from a “strong-buy” rating to a “hold” rating in a research note on Friday, April 24th. Keefe, Bruyette & Woods reduced their price objective on shares of Jones Lang LaSalle from $405.00 to $380.00 and set an “outperform” rating for the company in a research note on Tuesday, February 24th. Finally, UBS Group boosted their price objective on shares of Jones Lang LaSalle from $425.00 to $445.00 and gave the company a “buy” rating in a research note on Wednesday, April 22nd. Five analysts have rated the stock with a Buy rating and three have issued a Hold rating to the stock. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and an average price target of $394.00.

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.