Jones Lang LaSalle Incorporated $JLL Stake Lifted by Nisa Investment Advisors LLC

Nisa Investment Advisors LLC lifted its position in Jones Lang LaSalle Incorporated (NYSE:JLL) by 18.7% during the third quarter, Holdings Channel reports. The institutional investor owned 16,788 shares of the financial services provider’s stock after buying an additional 2,643 shares during the quarter. Nisa Investment Advisors LLC’s holdings in Jones Lang LaSalle were worth $5,129,000 at the end of the most recent reporting period.

Other institutional investors have also modified their holdings of the company. BlackRock Inc. bought a new stake in Jones Lang LaSalle in the second quarter worth about $1,446,414,000. Principal Financial Group Inc. boosted its position in shares of Jones Lang LaSalle by 279.6% during the 1st quarter. Principal Financial Group Inc. now owns 429,418 shares of the financial services provider’s stock valued at $130,683,000 after purchasing an additional 316,299 shares in the last quarter. Bank of New York Mellon Corp bought a new position in shares of Jones Lang LaSalle during the 2nd quarter valued at about $87,669,000. Bank of America Corp DE bought a new position in shares of Jones Lang LaSalle during the 2nd quarter valued at about $83,791,000. Finally, Equity Investment Corp acquired a new position in shares of Jones Lang LaSalle in the 2nd quarter worth approximately $81,056,000. Institutional investors and hedge funds own 94.80% of the company’s stock.

Insiders Place Their Bets

In related news, CEO Christian Ulbrich sold 2,000 shares of the firm’s stock in a transaction that occurred on Thursday, August 20th. The shares were sold at an average price of $385.53, for a total transaction of $771,060.00. Following the transaction, the chief executive officer owned 138,418 shares of the company’s stock, valued at approximately $53,364,291.54. This trade represents a 1.42% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders have sold a total of 6,000 shares of company stock worth $2,271,060 over the last 90 days. 0.91% of the stock is currently owned by company insiders.

Jones Lang LaSalle Price Performance

Shares of JLL opened at $300.22 on Friday. The company has a market capitalization of $13.76 billion, a price-to-earnings ratio of 14.39 and a beta of 1.30. Jones Lang LaSalle Incorporated has a fifty-two week low of $259.83 and a fifty-two week high of $393.84. The company has a debt-to-equity ratio of 0.15, a current ratio of 2.40 and a quick ratio of 2.40. The business’s 50-day moving average is $336.05 and its 200-day moving average is $326.38.

Jones Lang LaSalle (NYSE:JLL) last posted its quarterly earnings results on Thursday, July 30th. The financial services provider reported $5.26 EPS for the quarter, beating the consensus estimate of $4.56 by $0.70. Jones Lang LaSalle had a net margin of 3.64% and a return on equity of 13.99%. The business had revenue of $6.93 billion for the quarter, compared to analysts’ expectations of $6.88 billion. During the same period in the previous year, the company posted $3.30 EPS. Jones Lang LaSalle’s revenue was up 10.8% on a year-over-year basis. Equities research analysts expect that Jones Lang LaSalle Incorporated will post 25.07 EPS for the current fiscal year.

Analyst Ratings Changes

Several analysts recently commented on JLL shares. Keefe, Bruyette & Woods cut their target price on shares of Jones Lang LaSalle from $415.00 to $385.00 and set an “outperform” rating for the company in a research note on Friday, October 9th. Weiss Ratings upgraded shares of Jones Lang LaSalle from a “buy (b-)” rating to a “buy (b)” rating in a research report on Tuesday, August 18th. Raymond James Financial reaffirmed a “strong-buy” rating and issued a $500.00 price target on shares of Jones Lang LaSalle in a report on Thursday, July 30th. Zacks Research downgraded Jones Lang LaSalle from a “strong-buy” rating to a “hold” rating in a research report on Thursday, July 23rd. Finally, Citigroup reissued a “market perform” rating on shares of Jones Lang LaSalle in a research note on Thursday, September 17th. One research analyst has rated the stock with a Strong Buy rating, four have given a Buy rating and three have given a Hold rating to the stock. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $427.60.

Jones Lang LaSalle Company Profile

Jones Lang LaSalle Incorporated, doing business as JLL, is a global commercial real estate services and investment management company. It serves property owners, occupiers, investors and developers across a broad range of real estate sectors, including office, industrial, retail, residential, hospitality and specialized properties.

JLL’s services include leasing, capital markets and investment sales, property and facilities management, project and development management, valuation and advisory services, workplace strategy, sustainability consulting and real estate technology solutions.