Eurizon Capital SGR S.p.A. Takes Position in Jones Lang LaSalle Incorporated $JLL

Eurizon Capital SGR S.p.A. purchased a new stake in Jones Lang LaSalle Incorporated (NYSE:JLL) during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 392,608 shares of the financial services provider’s stock, valued at approximately $132,263,000. Eurizon Capital SGR S.p.A. owned about 0.83% of Jones Lang LaSalle at the end of the most recent reporting period.

Other large investors have also modified their holdings of the company. Equity Investment Corp acquired a new stake in shares of Jones Lang LaSalle in the third quarter valued at approximately $72,132,000. Y Intercept Hong Kong Ltd acquired a new stake in shares of Jones Lang LaSalle in the third quarter valued at approximately $1,143,000. DigitalBridge Group Inc. purchased a new position in shares of Jones Lang LaSalle during the third quarter valued at approximately $1,223,000. AustralianSuper Pty Ltd purchased a new position in shares of Jones Lang LaSalle during the third quarter valued at approximately $32,184,000. Finally, Ranger Investment Management L.P. lifted its stake in shares of Jones Lang LaSalle by 53.0% during the third quarter. Ranger Investment Management L.P. now owns 75,950 shares of the financial services provider’s stock valued at $22,654,000 after buying an additional 26,320 shares during the period. 94.80% of the stock is currently owned by institutional investors and hedge funds.

Insiders Place Their Bets

In other news, Director Deborah H. Mcaneny sold 2,500 shares of the firm’s stock in a transaction on Tuesday, March 10th. The shares were sold at an average price of $300.50, for a total value of $751,250.00. Following the transaction, the director owned 14,985 shares of the company’s stock, valued at approximately $4,502,992.50. This trade represents a 14.30% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, CEO Richard Bloxam sold 5,440 shares of the firm’s stock in a transaction on Tuesday, March 24th. The shares were sold at an average price of $296.94, for a total transaction of $1,615,353.60. The disclosure for this sale is available in the SEC filing. Company insiders own 0.91% of the company’s stock.

Jones Lang LaSalle Stock Performance

NYSE:JLL opened at $282.18 on Friday. The company has a quick ratio of 2.35, a current ratio of 2.35 and a debt-to-equity ratio of 0.15. The company has a market cap of $13.09 billion, a P/E ratio of 15.17 and a beta of 1.34. Jones Lang LaSalle Incorporated has a fifty-two week low of $217.21 and a fifty-two week high of $363.06. The firm’s 50 day moving average is $312.49 and its two-hundred day moving average is $321.43.

Jones Lang LaSalle (NYSE:JLL) last posted its quarterly earnings results on Thursday, April 30th. The financial services provider reported $3.43 earnings per share for the quarter, topping analysts’ consensus estimates of $3.01 by $0.42. Jones Lang LaSalle had a net margin of 3.35% and a return on equity of 13.01%. The company had revenue of $6.39 billion for the quarter, compared to the consensus estimate of $6 billion. During the same quarter last year, the firm posted $2.31 earnings per share. Jones Lang LaSalle’s revenue was up 11.1% on a year-over-year basis. Analysts expect that Jones Lang LaSalle Incorporated will post 22.61 EPS for the current year.

Analyst Upgrades and Downgrades

Several brokerages recently issued reports on JLL. UBS Group upped their price objective on shares of Jones Lang LaSalle from $425.00 to $445.00 and gave the company a “buy” rating in a research note on Wednesday, April 22nd. Zacks Research downgraded shares of Jones Lang LaSalle from a “strong-buy” rating to a “hold” rating in a research note on Friday, April 24th. Weiss Ratings downgraded shares of Jones Lang LaSalle from a “buy (b)” rating to a “buy (b-)” rating in a research note on Thursday. Barclays upped their price objective on shares of Jones Lang LaSalle from $348.00 to $366.00 and gave the company an “equal weight” rating in a research note on Wednesday, May 13th. Finally, Keefe, Bruyette & Woods reduced their price objective on shares of Jones Lang LaSalle from $405.00 to $380.00 and set an “outperform” rating on the stock in a research note on Tuesday, February 24th. Five equities research analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company. According to data from MarketBeat, Jones Lang LaSalle has an average rating of “Moderate Buy” and a consensus price target of $394.00.

Jones Lang LaSalle Company 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.