BDF Gestion Decreases Stock Holdings in Jones Lang LaSalle Incorporated $JLL

BDF Gestion reduced its holdings in Jones Lang LaSalle Incorporated (NYSE:JLL) by 17.2% in the third quarter, HoldingsChannel.com reports. The institutional investor owned 11,424 shares of the financial services provider’s stock after selling 2,377 shares during the period. BDF Gestion’s holdings in Jones Lang LaSalle were worth $3,408,000 at the end of the most recent reporting period.

Other institutional investors have also recently made changes to their positions in the company. Chilton Capital Management LLC bought a new stake in Jones Lang LaSalle during the second quarter worth approximately $26,000. Thurston Springer Miller Herd & Titak Inc. boosted its holdings in shares of Jones Lang LaSalle by 322.6% in the 2nd quarter. Thurston Springer Miller Herd & Titak Inc. now owns 131 shares of the financial services provider’s stock worth $34,000 after purchasing an additional 100 shares during the period. SVB Wealth LLC bought a new position in shares of Jones Lang LaSalle during the 1st quarter valued at approximately $38,000. Caldwell Trust Co purchased a new stake in Jones Lang LaSalle during the 2nd quarter valued at $38,000. Finally, Steph & Co. purchased a new position in shares of Jones Lang LaSalle during the 3rd quarter worth about $50,000. Institutional investors own 94.80% of the company’s stock.

Insider Activity at Jones Lang LaSalle

In other news, CEO Christian Ulbrich sold 96 shares of the company’s stock in a transaction that occurred on Thursday, December 11th. The shares were sold at an average price of $332.18, for a total value of $31,889.28. Following the completion of the sale, the chief executive officer owned 114,685 shares of the company’s stock, valued at approximately $38,096,063.30. This represents a 0.08% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. In the last three months, insiders have sold 20,000 shares of company stock valued at $6,609,091. Insiders own 0.91% of the company’s stock.

Analyst Ratings Changes

A number of research firms recently weighed in on JLL. Wall Street Zen raised shares of Jones Lang LaSalle from a “buy” rating to a “strong-buy” rating in a research report on Saturday, November 8th. UBS Group raised their price target on Jones Lang LaSalle from $340.00 to $360.00 and gave the stock a “buy” rating in a research note on Friday, October 10th. Barclays began coverage on Jones Lang LaSalle in a research report on Tuesday, December 2nd. They issued an “equal weight” rating and a $351.00 price objective on the stock. Weiss Ratings reissued a “hold (c+)” rating on shares of Jones Lang LaSalle in a research note on Wednesday, October 8th. Finally, JPMorgan Chase & Co. upped their price target on shares of Jones Lang LaSalle from $285.00 to $372.00 and gave the stock an “overweight” rating in a report on Tuesday, August 26th. One research analyst has rated the stock with a Strong Buy rating, four have assigned a Buy rating and five have given a Hold rating to the company. According to data from MarketBeat, Jones Lang LaSalle presently has an average rating of “Moderate Buy” and an average price target of $342.14.

Jones Lang LaSalle Trading Up 0.7%

Shares of NYSE JLL opened at $336.55 on Friday. Jones Lang LaSalle Incorporated has a twelve month low of $194.36 and a twelve month high of $340.14. The firm has a market cap of $15.88 billion, a PE ratio of 25.81 and a beta of 1.44. The business has a fifty day simple moving average of $313.51 and a two-hundred day simple moving average of $289.16. The company has a quick ratio of 2.31, a current ratio of 2.31 and a debt-to-equity ratio of 0.13.

Jones Lang LaSalle (NYSE:JLL) last announced its quarterly earnings results on Wednesday, November 5th. The financial services provider reported $4.50 EPS for the quarter, beating the consensus estimate of $4.24 by $0.26. Jones Lang LaSalle had a return on equity of 11.10% and a net margin of 2.49%.The firm had revenue of $6.51 billion for the quarter, compared to analyst estimates of $6.49 billion. During the same quarter last year, the firm posted $3.50 earnings per share. The business’s revenue for the quarter was up 10.9% on a year-over-year basis. Analysts expect that Jones Lang LaSalle Incorporated will post 16.45 earnings per share for the current fiscal year.

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.