American Century Companies Inc. Raises Stake in Jones Lang LaSalle Incorporated $JLL

American Century Companies Inc. boosted its stake in Jones Lang LaSalle Incorporated (NYSE:JLL) by 64.2% in the 3rd quarter, Holdings Channel reports. The firm owned 148,238 shares of the financial services provider’s stock after acquiring an additional 57,969 shares during the quarter. American Century Companies Inc.’s holdings in Jones Lang LaSalle were worth $44,216,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Caldwell Trust Co bought a new position in shares of Jones Lang LaSalle in the second quarter valued at approximately $38,000. Chilton Capital Management LLC lifted its stake in Jones Lang LaSalle by 33.0% in the 3rd quarter. Chilton Capital Management LLC now owns 133 shares of the financial services provider’s stock worth $40,000 after purchasing an additional 33 shares in the last quarter. Quent Capital LLC purchased a new position in shares of Jones Lang LaSalle during the 3rd quarter valued at $41,000. Root Financial Partners LLC bought a new position in shares of Jones Lang LaSalle in the third quarter worth $44,000. Finally, Steph & Co. purchased a new stake in shares of Jones Lang LaSalle in the third quarter worth $50,000. 94.80% of the stock is currently owned by institutional investors.

Jones Lang LaSalle Trading Down 3.3%

Shares of JLL opened at $299.21 on Friday. The stock has a market capitalization of $14.02 billion, a P/E ratio of 18.23 and a beta of 1.42. Jones Lang LaSalle Incorporated has a twelve month low of $194.36 and a twelve month high of $363.06. The company has a quick ratio of 2.23, a current ratio of 2.23 and a debt-to-equity ratio of 0.10. The firm has a fifty day simple moving average of $332.36 and a two-hundred day simple moving average of $318.33.

Jones Lang LaSalle (NYSE:JLL) last issued its quarterly earnings data on Wednesday, February 18th. The financial services provider reported $8.71 EPS for the quarter, beating the consensus estimate of $7.25 by $1.46. Jones Lang LaSalle had a net margin of 3.03% and a return on equity of 12.50%. The firm had revenue of $7.61 billion during the quarter, compared to the consensus estimate of $7.45 billion. During the same period in the prior year, the firm posted $6.15 earnings per share. The company’s quarterly revenue was up 11.7% compared to the same quarter last year. On average, research analysts anticipate that Jones Lang LaSalle Incorporated will post 16.45 EPS for the current year.

Insider Buying and Selling at Jones Lang LaSalle

In other news, CEO Christian Ulbrich sold 96 shares of the business’s stock in a transaction that occurred 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 transaction, the chief executive officer directly owned 114,685 shares of the company’s stock, valued at approximately $38,096,063.30. The trade was a 0.08% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Corporate insiders own 0.91% of the company’s stock.

Analysts Set New Price Targets

A number of brokerages have weighed in on JLL. Wall Street Zen upgraded Jones Lang LaSalle from a “buy” rating to a “strong-buy” rating in a research note on Sunday, January 11th. Keefe, Bruyette & Woods cut their price objective on Jones Lang LaSalle from $405.00 to $380.00 and set an “outperform” rating for the company in a report on Tuesday, February 24th. Weiss Ratings raised shares of Jones Lang LaSalle from a “hold (c+)” rating to a “buy (b-)” rating in a research note on Friday, February 20th. The Goldman Sachs Group boosted their price target on shares of Jones Lang LaSalle from $361.00 to $407.00 and gave the stock a “buy” rating in a research note on Wednesday, November 26th. Finally, UBS Group increased their price target on shares of Jones Lang LaSalle from $410.00 to $425.00 and gave the stock a “buy” rating in a report on Monday, February 23rd. One investment analyst has rated the stock with a Strong Buy rating, five have assigned a Buy rating and three have given a Hold rating to the company. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $362.50.

Jones Lang LaSalle Profile

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.