Robeco Institutional Asset Management B.V. Sells 4,656 Shares of Jones Lang LaSalle Incorporated $JLL

Robeco Institutional Asset Management B.V. decreased its holdings in Jones Lang LaSalle Incorporated (NYSE:JLL) by 16.2% in the third quarter, Holdings Channel.com reports. The firm owned 24,169 shares of the financial services provider’s stock after selling 4,656 shares during the period. Robeco Institutional Asset Management B.V.’s holdings in Jones Lang LaSalle were worth $7,384,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently made changes to their positions in the business. BlackRock Inc. purchased a new position in Jones Lang LaSalle in the 2nd quarter worth $1,446,414,000. Artemis Investment Management LLP lifted its stake in Jones Lang LaSalle by 23.2% in the third quarter. Artemis Investment Management LLP now owns 460,389 shares of the financial services provider’s stock worth $140,658,000 after purchasing an additional 86,563 shares during the last quarter. Principal Financial Group Inc. boosted its position in Jones Lang LaSalle by 279.6% during the first quarter. Principal Financial Group Inc. now owns 429,418 shares of the financial services provider’s stock valued at $130,683,000 after buying an additional 316,299 shares during the period. Bank of America Corp DE grew its stake 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 valued at $92,345,000 after buying an additional 3,985 shares during the last quarter. Finally, Bank of New York Mellon Corp bought a new position in shares of Jones Lang LaSalle during the second quarter valued at about $87,669,000. Institutional investors own 94.80% of the company’s stock.

Insider Buying and Selling at Jones Lang LaSalle

In related 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 directly owned 138,418 shares of the company’s stock, valued at $53,364,291.54. This trade represents a 1.42% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders have sold 6,000 shares of company stock worth $2,271,060 in the last ninety days. Corporate insiders own 0.91% of the company’s stock.

Jones Lang LaSalle Trading Down 3.9%

Shares of JLL opened at $300.22 on Friday. The stock has a market capitalization of $13.76 billion, a P/E ratio of 14.39 and a beta of 1.30. The company has a quick ratio of 2.40, a current ratio of 2.40 and a debt-to-equity ratio of 0.15. The firm has a fifty day simple moving average of $336.05 and a two-hundred day simple moving average of $326.38. Jones Lang LaSalle Incorporated has a twelve month low of $259.83 and a twelve month high of $393.84.

Jones Lang LaSalle (NYSE:JLL) last announced its quarterly earnings results on Thursday, July 30th. The financial services provider reported $5.26 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates 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 analyst estimates of $6.88 billion. During the same quarter last year, the firm earned $3.30 EPS. The company’s revenue was up 10.8% on a year-over-year basis. On average, research analysts anticipate that Jones Lang LaSalle Incorporated will post 24.89 EPS for the current year.

Analysts Set New Price Targets

JLL has been the topic of several analyst reports. Citigroup reiterated a “market perform” rating on shares of Jones Lang LaSalle in a report on Thursday, September 17th. Weiss Ratings upgraded Jones Lang LaSalle from a “buy (b-)” rating to a “buy (b)” rating in a report on Tuesday, August 18th. Barclays increased their target price on Jones Lang LaSalle from $368.00 to $401.00 and gave the company an “equal weight” rating in a report on Monday, August 17th. Raymond James Financial reaffirmed a “strong-buy” rating and issued a $500.00 price target on shares of Jones Lang LaSalle in a research note on Thursday, July 30th. Finally, Zacks Research cut Jones Lang LaSalle from a “strong-buy” rating to a “hold” rating in a research note on Thursday, July 23rd. One equities research analyst has rated the stock with a Strong Buy rating, four have given a Buy rating and three have assigned a Hold rating to the company’s stock. Based on data from MarketBeat.com, Jones Lang LaSalle currently has an average rating of “Moderate Buy” and a consensus 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.