1,890 Shares in Jones Lang LaSalle Incorporated $JLL Bought by CenterBook Partners LP

CenterBook Partners LP purchased a new stake in shares of Jones Lang LaSalle Incorporated (NYSE:JLL) during the 3rd quarter, Holdings Channel.com reports. The fund purchased 1,890 shares of the financial services provider’s stock, valued at approximately $564,000.

A number of other institutional investors have also bought and sold shares of JLL. Advisors Capital Management LLC increased its holdings in Jones Lang LaSalle by 2.0% in the 3rd quarter. Advisors Capital Management LLC now owns 30,033 shares of the financial services provider’s stock valued at $8,958,000 after acquiring an additional 594 shares during the last quarter. First National Bank of Omaha bought a new stake in shares of Jones Lang LaSalle in the third quarter worth about $8,405,000. NEOS Investment Management LLC lifted its position in shares of Jones Lang LaSalle by 98.3% in the third quarter. NEOS Investment Management LLC now owns 4,456 shares of the financial services provider’s stock worth $1,329,000 after buying an additional 2,209 shares in the last quarter. denkapparat Operations GmbH boosted its stake in Jones Lang LaSalle by 10.5% during the third quarter. denkapparat Operations GmbH now owns 4,170 shares of the financial services provider’s stock valued at $1,244,000 after buying an additional 396 shares during the last quarter. Finally, Southeast Asset Advisors LLC increased its stake in Jones Lang LaSalle by 24.0% in the 3rd quarter. Southeast Asset Advisors LLC now owns 6,858 shares of the financial services provider’s stock worth $2,046,000 after acquiring an additional 1,328 shares during the last quarter. Hedge funds and other institutional investors own 94.80% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research firms recently issued reports on JLL. The Goldman Sachs Group upped their price target on shares of Jones Lang LaSalle from $361.00 to $407.00 and gave the company a “buy” rating in a research note on Wednesday, November 26th. Weiss Ratings raised shares of Jones Lang LaSalle from a “hold (c+)” rating to a “buy (b-)” rating in a report on Friday. UBS Group boosted their price objective on Jones Lang LaSalle from $360.00 to $410.00 and gave the stock a “buy” rating in a research note on Wednesday, January 28th. Wall Street Zen upgraded Jones Lang LaSalle from a “buy” rating to a “strong-buy” rating in a research report on Sunday, January 11th. Finally, Keefe, Bruyette & Woods lifted their target price on Jones Lang LaSalle from $390.00 to $405.00 and gave the stock an “outperform” rating in a report on Thursday, January 8th. Five investment analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company’s stock. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average target price of $364.17.

Jones Lang LaSalle Stock Up 0.1%

Shares of NYSE JLL opened at $314.07 on Friday. Jones Lang LaSalle Incorporated has a 52-week low of $194.36 and a 52-week high of $363.06. The firm has a market capitalization of $14.82 billion, a price-to-earnings ratio of 19.14 and a beta of 1.42. The stock has a 50 day moving average price of $337.97 and a 200 day moving average price of $316.75. The company has a debt-to-equity ratio of 0.10, a quick ratio of 2.31 and a current ratio of 2.23.

Jones Lang LaSalle (NYSE:JLL) last posted its quarterly earnings results on Wednesday, February 18th. The financial services provider reported $8.71 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $7.25 by $1.46. Jones Lang LaSalle had a return on equity of 12.50% and a net margin of 3.03%.The business had revenue of $7.61 billion for the quarter, compared to the consensus estimate of $7.45 billion. During the same quarter in the prior year, the company earned $6.15 EPS. The business’s revenue was up 11.7% compared to the same quarter last year. Sell-side analysts expect that Jones Lang LaSalle Incorporated will post 16.45 earnings per share for the current year.

Insiders Place Their Bets

In other Jones Lang LaSalle news, CEO Christian Ulbrich sold 96 shares of the stock in a transaction on Thursday, December 11th. The stock was sold at an average price of $332.18, for a total transaction of $31,889.28. Following the sale, the chief executive officer owned 114,685 shares of the company’s stock, valued at approximately $38,096,063.30. This trade represents a 0.08% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Insiders sold a total of 20,000 shares of company stock worth $6,609,091 in the last ninety days. 0.91% of the stock is owned by corporate insiders.

About Jones Lang LaSalle

Jones Lang LaSalle Incorporated (NYSE: JLL) is a leading professional services firm specializing in real estate and investment management. The company provides a broad range of services including leasing, advisory, property and asset management, capital markets, project and development services, and valuation. Through its integrated platform, JLL serves corporate occupiers, institutional investors, real estate owners and developers, offering tailored solutions that span the entire real estate lifecycle.

Founded in 1783 in London as Jones Lang Wootton, the firm established a reputation for expertise in property management and brokerage.