Jones Lang LaSalle Incorporated $JLL Shares Sold by Harbor Capital Advisors Inc.

Harbor Capital Advisors Inc. cut its stake in Jones Lang LaSalle Incorporated (NYSE:JLL) by 86.0% in the third quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 4,678 shares of the financial services provider’s stock after selling 28,806 shares during the quarter. Harbor Capital Advisors Inc.’s holdings in Jones Lang LaSalle were worth $1,395,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the company. Southeast Asset Advisors LLC grew its position in Jones Lang LaSalle by 0.7% in the second quarter. Southeast Asset Advisors LLC now owns 5,530 shares of the financial services provider’s stock worth $1,414,000 after acquiring an additional 39 shares during the period. Northwestern Mutual Wealth Management Co. lifted its stake in Jones Lang LaSalle by 2.0% during the second quarter. Northwestern Mutual Wealth Management Co. now owns 2,376 shares of the financial services provider’s stock worth $608,000 after purchasing an additional 47 shares in the last quarter. GAMMA Investing LLC grew its stake in shares of Jones Lang LaSalle by 6.0% in the second quarter. GAMMA Investing LLC now owns 908 shares of the financial services provider’s stock valued at $232,000 after buying an additional 51 shares in the last quarter. CWC Advisors LLC. boosted its holdings in Jones Lang LaSalle by 2.9% during the 2nd quarter. CWC Advisors LLC. now owns 2,195 shares of the financial services provider’s stock valued at $561,000 after acquiring an additional 61 shares during the period. Finally, Shelton Wealth Management LLC grew its position in Jones Lang LaSalle by 1.8% in the 3rd quarter. Shelton Wealth Management LLC now owns 3,520 shares of the financial services provider’s stock valued at $1,050,000 after acquiring an additional 61 shares in the last quarter. 94.80% of the stock is currently owned by institutional investors and hedge funds.

Jones Lang LaSalle Stock Performance

Shares of JLL opened at $347.18 on Friday. The company’s 50 day simple moving average is $318.24 and its 200-day simple moving average is $293.17. Jones Lang LaSalle Incorporated has a 12-month low of $194.36 and a 12-month high of $347.52. The firm has a market cap of $16.38 billion, a PE ratio of 26.62 and a beta of 1.44. The company has a current ratio of 2.31, a quick ratio of 2.31 and a debt-to-equity ratio of 0.13.

Jones Lang LaSalle (NYSE:JLL) last announced its earnings results on Wednesday, November 5th. The financial services provider reported $4.50 EPS for the quarter, beating analysts’ consensus estimates of $4.24 by $0.26. The business had revenue of $6.51 billion during the quarter, compared to analysts’ expectations of $6.49 billion. Jones Lang LaSalle had a net margin of 2.49% and a return on equity of 11.10%. The business’s revenue was up 10.9% compared to the same quarter last year. During the same period in the prior year, the company earned $3.50 earnings per share. As a group, equities analysts predict that Jones Lang LaSalle Incorporated will post 16.45 EPS for the current year.

Insider Activity

In related news, CEO Christian Ulbrich sold 5,000 shares of the stock in a transaction dated Tuesday, November 25th. The shares were sold at an average price of $330.33, for a total transaction of $1,651,650.00. Following the completion of the transaction, the chief executive officer directly owned 134,685 shares of the company’s stock, valued at $44,490,496.05. This represents a 3.58% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this link. Insiders have sold 20,000 shares of company stock worth $6,609,091 in the last quarter. Insiders own 0.91% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research analysts have recently commented on JLL shares. UBS Group raised their price objective on shares of Jones Lang LaSalle from $340.00 to $360.00 and gave the company a “buy” rating in a research note on Friday, October 10th. The Goldman Sachs Group increased their target price on shares of Jones Lang LaSalle from $361.00 to $407.00 and gave the stock a “buy” rating in a report on Wednesday, November 26th. Barclays assumed coverage on Jones Lang LaSalle in a research report on Tuesday, December 2nd. They set an “equal weight” rating and a $351.00 price objective on the stock. Keefe, Bruyette & Woods lifted their target price on Jones Lang LaSalle from $317.00 to $345.00 and gave the company an “outperform” rating in a report on Thursday, October 9th. Finally, Wall Street Zen upgraded Jones Lang LaSalle from a “buy” rating to a “strong-buy” rating in a report on Saturday, November 8th. 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’s stock. According to MarketBeat.com, Jones Lang LaSalle currently has an average rating of “Moderate Buy” and an average price target of $342.14.

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.