Eurizon Capital SGR S.p.A. Acquires 16,468 Shares of Jones Lang LaSalle Incorporated $JLL

Eurizon Capital SGR S.p.A. raised its holdings in Jones Lang LaSalle Incorporated (NYSE:JLL) by 13.9% in the 3rd quarter, Holdings Channel.com reports. The firm owned 135,339 shares of the financial services provider’s stock after acquiring an additional 16,468 shares during the period. Eurizon Capital SGR S.p.A.’s holdings in Jones Lang LaSalle were worth $41,556,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds and other institutional investors also recently modified their holdings of the company. BlackRock Inc. bought a new position in Jones Lang LaSalle in the 2nd quarter worth approximately $1,446,414,000. Artemis Investment Management LLP raised its holdings in Jones Lang LaSalle by 23.2% during the 3rd quarter. Artemis Investment Management LLP now owns 460,389 shares of the financial services provider’s stock valued at $140,658,000 after acquiring an additional 86,563 shares during the period. Bank of America Corp DE lifted its position in shares of Jones Lang LaSalle by 1.3% during the first quarter. Bank of America Corp DE now owns 303,446 shares of the financial services provider’s stock worth $92,345,000 after acquiring an additional 3,985 shares in the last quarter. Bank of New York Mellon Corp purchased a new stake in shares of Jones Lang LaSalle during the second quarter worth $87,669,000. Finally, Arrowstreet Capital Limited Partnership boosted its holdings in shares of Jones Lang LaSalle by 449.1% in the first quarter. Arrowstreet Capital Limited Partnership now owns 280,543 shares of the financial services provider’s stock worth $85,375,000 after acquiring an additional 229,454 shares during the period. Institutional investors own 94.80% of the company’s stock.

Insider Buying and Selling at Jones Lang LaSalle

In other Jones Lang LaSalle news, CEO Christian Ulbrich sold 2,000 shares of the firm’s stock in a transaction dated Thursday, August 20th. The stock was sold at an average price of $385.53, for a total value of $771,060.00. Following the sale, the chief executive officer owned 138,418 shares of the company’s stock, valued at $53,364,291.54. This trade represents a 1.42% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available at this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. 0.91% of the stock is currently owned by insiders.

Wall Street Analysts Forecast Growth

Several research analysts have commented on JLL shares. Zacks Research downgraded Jones Lang LaSalle from a “strong-buy” rating to a “hold” rating in a research note on Thursday, July 23rd. Raymond James Financial reiterated a “strong-buy” rating and set a $500.00 price target on shares of Jones Lang LaSalle in a research report on Thursday, July 30th. Weiss Ratings raised shares of Jones Lang LaSalle from a “buy (b-)” rating to a “buy (b)” rating in a report on Tuesday, August 18th. Barclays raised their price objective on shares of Jones Lang LaSalle from $368.00 to $401.00 and gave the company an “equal weight” rating in a research report on Monday, August 17th. Finally, Jefferies Financial Group set a $438.00 price objective on shares of Jones Lang LaSalle and gave the company a “buy” rating in a research note on Thursday. One investment analyst has rated the stock with a Strong Buy rating, five have given a Buy rating and three have issued a Hold rating to the stock. According to MarketBeat, Jones Lang LaSalle presently has a consensus rating of “Moderate Buy” and an average price target of $429.33.

Jones Lang LaSalle Trading Up 0.4%

Jones Lang LaSalle stock opened at $366.98 on Friday. The company has a debt-to-equity ratio of 0.13, a quick ratio of 2.43 and a current ratio of 2.43. Jones Lang LaSalle Incorporated has a fifty-two week low of $259.83 and a fifty-two week high of $395.79. The stock has a market cap of $16.76 billion, a P/E ratio of 15.88 and a beta of 1.29. The firm’s fifty day moving average price is $331.49 and its 200-day moving average price is $325.67.

Jones Lang LaSalle (NYSE:JLL) last posted its quarterly earnings data on Wednesday, October 28th. The financial services provider reported $6.76 earnings per share (EPS) for the quarter, beating the consensus estimate of $6.15 by $0.61. Jones Lang LaSalle had a return on equity of 15.05% and a net margin of 3.89%. The company had revenue of $7.28 billion during the quarter, compared to analyst estimates of $7.24 billion. During the same quarter last year, the company earned $4.50 earnings per share. The firm’s quarterly revenue was up 11.8% on a year-over-year basis. Equities research analysts forecast that Jones Lang LaSalle Incorporated will post 25.16 earnings per share for the current fiscal year.

Jones Lang LaSalle Company Profile

Jones Lang LaSalle Incorporated, commonly known as JLL, is a global commercial real estate services and investment management company. It advises businesses, property owners, investors and public-sector organizations on real estate decisions and operations. Its services include leasing and sales, property and facilities management, project and development management, valuation, workplace consulting and capital markets advisory. Through LaSalle Investment Management, JLL also manages real estate investments for institutional and other clients.