Westpac Banking Corp Has $664,000 Stake in Jones Lang LaSalle Inc. (JLL)
Westpac Banking Corp raised its stake in Jones Lang LaSalle Inc. (NYSE:JLL) by 42.6% during the second quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 6,817 shares of the company’s stock after buying an additional 2,038 shares during the period. Westpac Banking Corp’s holdings in Jones Lang LaSalle were worth $664,000 as of its most recent filing with the SEC.
Other large investors have also bought and sold shares of the company. Synovus Financial Corp increased its stake in Jones Lang LaSalle by 0.5% in the second quarter. Synovus Financial Corp now owns 1,541 shares of the company’s stock valued at $148,000 after buying an additional 8 shares in the last quarter. JNBA Financial Advisors acquired a new stake in Jones Lang LaSalle during the second quarter valued at about $190,000. NN Investment Partners Holdings N.V. acquired a new stake in Jones Lang LaSalle during the first quarter valued at about $204,000. Parametrica Management Ltd acquired a new stake in Jones Lang LaSalle during the second quarter valued at about $205,000. Finally, World Asset Management Inc increased its stake in Jones Lang LaSalle by 8.1% in the second quarter. World Asset Management Inc now owns 2,378 shares of the company’s stock valued at $232,000 after buying an additional 178 shares in the last quarter. Institutional investors own 88.39% of the company’s stock.
Jones Lang LaSalle Inc. (NYSE:JLL) opened at 111.86 on Tuesday. Jones Lang LaSalle Inc. has a 12 month low of $90.07 and a 12 month high of $171.63. The stock has a 50 day moving average price of $115.23 and a 200 day moving average price of $113.48. The firm has a market cap of $5.05 billion, a price-to-earnings ratio of 12.38 and a beta of 1.85.
Jones Lang LaSalle (NYSE:JLL) last released its quarterly earnings results on Tuesday, August 2nd. The company reported $1.93 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.84 by $0.09. The company earned $1.60 billion during the quarter, compared to the consensus estimate of $1.47 billion. Jones Lang LaSalle had a return on equity of 16.44% and a net margin of 6.50%. The firm’s revenue was up 16.7% on a year-over-year basis. During the same quarter in the prior year, the company posted $2.05 EPS. On average, equities analysts expect that Jones Lang LaSalle Inc. will post $9.42 earnings per share for the current fiscal year.
Several research firms have issued reports on JLL. TheStreet upgraded Jones Lang LaSalle from a “hold” rating to a “buy” rating in a report on Thursday, August 18th. Keefe, Bruyette & Woods lifted their price objective on Jones Lang LaSalle from $124.00 to $129.00 and gave the stock an “outperform” rating in a report on Wednesday, August 3rd. Zacks Investment Research lowered Jones Lang LaSalle from a “hold” rating to a “sell” rating in a research report on Monday, July 18th. Barclays PLC decreased their target price on Jones Lang LaSalle from $136.00 to $132.00 and set an “overweight” rating for the company in a research report on Thursday, August 18th. Finally, JMP Securities reiterated a “buy” rating on shares of Jones Lang LaSalle in a research report on Wednesday, June 8th. One analyst has rated the stock with a hold rating and five have given a buy rating to the company. Jones Lang LaSalle has an average rating of “Buy” and a consensus price target of $149.20.
In related news, Director Sheila A. Penrose sold 1,000 shares of the business’s stock in a transaction dated Monday, September 19th. The stock was sold at an average price of $115.00, for a total transaction of $115,000.00. Following the completion of the transaction, the director now owns 50,416 shares of the company’s stock, valued at approximately $5,797,840. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Corporate insiders own 0.68% of the company’s stock.
About Jones Lang LaSalle
Jones Lang LaSalle Incorporated (JLL) is a financial and professional services firm specializing in real estate. The Company operates through four business segments: Americas; Europe, Middle East and Africa (EMEA); Asia Pacific, and LaSalle. JLL provides real estate services (RES) through three business segments: the Americas, EMEA and Asia Pacific.
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