VIRGINIA RETIREMENT SYSTEMS ET Al Acquires 8,160 Shares of Jones Lang LaSalle Incorporated $JLL

VIRGINIA RETIREMENT SYSTEMS ET Al grew its holdings in Jones Lang LaSalle Incorporated (NYSE:JLL) by 219.9% in the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 11,870 shares of the financial services provider’s stock after acquiring an additional 8,160 shares during the quarter. VIRGINIA RETIREMENT SYSTEMS ET Al’s holdings in Jones Lang LaSalle were worth $3,627,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors have also modified their holdings of the company. Childress Capital Advisors LLC increased its position in Jones Lang LaSalle by 9.3% during the third quarter. Childress Capital Advisors LLC now owns 2,815 shares of the financial services provider’s stock worth $860,000 after acquiring an additional 240 shares during the period. Center for Financial Planning Inc. bought a new stake in Jones Lang LaSalle in the 3rd quarter valued at $69,000. Park Avenue Securities LLC grew its position in Jones Lang LaSalle by 5.9% in the 3rd quarter. Park Avenue Securities LLC now owns 4,170 shares of the financial services provider’s stock worth $1,274,000 after purchasing an additional 231 shares during the last quarter. Flagship Harbor Advisors LLC acquired a new stake in Jones Lang LaSalle in the 3rd quarter worth $351,000. Finally, Hedeker Wealth LLC increased its holdings in shares of Jones Lang LaSalle by 0.6% during the 3rd quarter. Hedeker Wealth LLC now owns 7,439 shares of the financial services provider’s stock worth $2,273,000 after purchasing an additional 45 shares during the period. Institutional investors and hedge funds own 94.80% of the company’s stock.

Insider Buying and Selling at Jones Lang LaSalle

In other news, CEO Christian Ulbrich sold 2,000 shares of the stock in a transaction that occurred on Thursday, August 20th. The stock was sold at an average price of $385.53, for a total value of $771,060.00. Following the completion of the transaction, the chief executive officer directly owned 138,418 shares of the company’s stock, valued at approximately $53,364,291.54. This represents a 1.42% decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. In the last 90 days, insiders sold 6,000 shares of company stock valued at $2,271,060. Corporate insiders own 0.91% of the company’s stock.

Analyst Ratings Changes

JLL has been the subject of a number of research analyst reports. Barclays upped 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. Wall Street Zen lowered Jones Lang LaSalle from a “strong-buy” rating to a “buy” rating in a research note on Saturday. Keefe, Bruyette & Woods cut their price target on Jones Lang LaSalle from $415.00 to $385.00 and set an “outperform” rating for the company in a report on Friday, October 9th. Citigroup reiterated a “market perform” rating on shares of Jones Lang LaSalle in a research report on Thursday, September 17th. Finally, Raymond James Financial reissued a “strong-buy” rating and set a $500.00 price objective on shares of Jones Lang LaSalle in a report on Thursday, July 30th. One equities 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 company. Based on data from MarketBeat, Jones Lang LaSalle has a consensus rating of “Moderate Buy” and an average price target of $427.60.

Jones Lang LaSalle Stock Performance

NYSE JLL opened at $359.53 on Monday. The stock has a market cap of $16.42 billion, a P/E ratio of 15.56 and a beta of 1.29. The company’s 50-day simple moving average is $331.39 and its 200 day simple moving average is $324.51. Jones Lang LaSalle Incorporated has a twelve month low of $259.83 and a twelve month high of $393.84. The company has a quick ratio of 2.43, a current ratio of 2.43 and a debt-to-equity ratio of 0.13.

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

Jones Lang LaSalle 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.