Groupe la Francaise Makes New $567,000 Investment in Jones Lang LaSalle Incorporated $JLL

Groupe la Francaise purchased a new stake in shares of Jones Lang LaSalle Incorporated (NYSE:JLL) during the 2nd quarter, Holdings Channel.com reports. The fund purchased 2,219 shares of the financial services provider’s stock, valued at approximately $567,000.

Other large investors also recently modified their holdings of the company. Granite Investment Partners LLC increased its stake in Jones Lang LaSalle by 15.0% in the 2nd quarter. Granite Investment Partners LLC now owns 16,106 shares of the financial services provider’s stock worth $4,120,000 after buying an additional 2,106 shares in the last quarter. D L Carlson Investment Group Inc. boosted its stake in shares of Jones Lang LaSalle by 14.9% in the second quarter. D L Carlson Investment Group Inc. now owns 9,299 shares of the financial services provider’s stock worth $2,378,000 after acquiring an additional 1,206 shares during the period. Bayview Asset Management LLC grew its position in shares of Jones Lang LaSalle by 1,757.6% during the second quarter. Bayview Asset Management LLC now owns 1,226 shares of the financial services provider’s stock worth $314,000 after purchasing an additional 1,160 shares in the last quarter. First National Advisers LLC raised its stake in Jones Lang LaSalle by 1.6% during the 2nd quarter. First National Advisers LLC now owns 7,112 shares of the financial services provider’s stock valued at $1,819,000 after purchasing an additional 113 shares during the period. Finally, New York State Common Retirement Fund boosted its stake in Jones Lang LaSalle by 5.1% in the 2nd quarter. New York State Common Retirement Fund now owns 48,978 shares of the financial services provider’s stock worth $12,528,000 after purchasing an additional 2,368 shares during the period. Hedge funds and other institutional investors own 94.80% of the company’s stock.

Insiders Place Their Bets

In related news, CEO Christian Ulbrich sold 240 shares of the firm’s stock in a transaction on Friday, November 28th. The stock was sold at an average price of $330.01, for a total value of $79,202.40. Following the completion of the sale, the chief executive officer directly owned 134,445 shares in the company, valued at $44,368,194.45. This trade represents a 0.18% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Insiders own 0.91% of the company’s stock.

Wall Street Analyst Weigh In

Several equities analysts have recently commented on JLL shares. Wall Street Zen raised shares of Jones Lang LaSalle from a “buy” rating to a “strong-buy” rating in a report on Saturday, November 8th. Barclays started coverage on shares of Jones Lang LaSalle in a research note on Tuesday. They issued an “equal weight” rating and a $351.00 price target on the stock. Keefe, Bruyette & Woods raised their price objective on Jones Lang LaSalle from $317.00 to $345.00 and gave the company an “outperform” rating in a research report on Thursday, October 9th. UBS Group increased their price target on Jones Lang LaSalle from $340.00 to $360.00 and gave the company a “buy” rating in a research note on Friday, October 10th. Finally, Weiss Ratings reaffirmed a “hold (c+)” rating on shares of Jones Lang LaSalle in a research note on Wednesday, October 8th. One investment analyst has rated the stock with a Strong Buy rating, four have issued a Buy rating and five have issued a Hold rating to the company. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average price target of $342.14.

Jones Lang LaSalle Stock Down 0.7%

Shares of NYSE JLL opened at $327.36 on Friday. The company has a current ratio of 2.31, a quick ratio of 2.31 and a debt-to-equity ratio of 0.13. Jones Lang LaSalle Incorporated has a 12-month low of $194.36 and a 12-month high of $335.83. The firm’s 50-day moving average price is $304.95 and its 200-day moving average price is $280.74. The stock has a market capitalization of $15.45 billion, a price-to-earnings ratio of 25.10 and a beta of 1.44.

Jones Lang LaSalle (NYSE:JLL) last issued its quarterly earnings data on Wednesday, November 5th. The financial services provider reported $4.50 earnings per share for the quarter, topping the consensus estimate of $4.24 by $0.26. The company had revenue of $6.51 billion for the quarter, compared to analysts’ expectations of $6.49 billion. Jones Lang LaSalle had a return on equity of 11.10% and a net margin of 2.49%.The firm’s revenue for the quarter was up 10.9% on a year-over-year basis. During the same period in the previous year, the firm posted $3.50 earnings per share. On average, equities research analysts anticipate that Jones Lang LaSalle Incorporated will post 16.45 EPS for the current fiscal year.

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.