Pacer Advisors Inc. Acquires 6,880 Shares of Jones Lang LaSalle Incorporated $JLL

Pacer Advisors Inc. lifted its stake in Jones Lang LaSalle Incorporated (NYSE:JLL) by 388.0% during the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 8,653 shares of the financial services provider’s stock after purchasing an additional 6,880 shares during the period. Pacer Advisors Inc.’s holdings in Jones Lang LaSalle were worth $2,581,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Chilton Capital Management LLC purchased a new position in shares of Jones Lang LaSalle during the second quarter worth approximately $26,000. Thurston Springer Miller Herd & Titak Inc. raised its holdings in shares of Jones Lang LaSalle by 322.6% in the second quarter. Thurston Springer Miller Herd & Titak Inc. now owns 131 shares of the financial services provider’s stock valued at $34,000 after acquiring an additional 100 shares in the last quarter. Caldwell Trust Co purchased a new position in Jones Lang LaSalle during the 2nd quarter valued at about $38,000. Steph & Co. bought a new stake in shares of Jones Lang LaSalle in the 3rd quarter valued at about $50,000. Finally, Traub Capital Management LLC purchased a new stake in shares of Jones Lang LaSalle in the 2nd quarter worth approximately $52,000. Institutional investors own 94.80% of the company’s stock.

Insider Buying and Selling at Jones Lang LaSalle

In other news, CEO Christian Ulbrich sold 5,000 shares of the firm’s stock in a transaction dated Tuesday, November 25th. The stock was sold at an average price of $330.33, for a total value of $1,651,650.00. Following the completion of the transaction, the chief executive officer directly owned 134,685 shares in the company, valued at $44,490,496.05. This trade represents a 3.58% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Insiders sold 20,000 shares of company stock valued at $6,609,091 over the last quarter. 0.91% of the stock is currently owned by corporate insiders.

Jones Lang LaSalle Trading Down 0.6%

Shares of Jones Lang LaSalle stock opened at $338.98 on Wednesday. The firm’s 50 day simple moving average is $319.51 and its two-hundred day simple moving average is $295.38. The firm has a market capitalization of $16.00 billion, a price-to-earnings ratio of 26.00 and a beta of 1.44. Jones Lang LaSalle Incorporated has a 12-month low of $194.36 and a 12-month high of $347.81. 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 posted its quarterly earnings data on Wednesday, November 5th. The financial services provider reported $4.50 EPS for the quarter, topping the consensus estimate of $4.24 by $0.26. The business had revenue of $6.51 billion during the quarter, compared to the consensus estimate 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 for the quarter was up 10.9% compared to the same quarter last year. During the same period in the previous year, the firm posted $3.50 earnings per share. Analysts predict that Jones Lang LaSalle Incorporated will post 16.45 EPS for the current year.

Analyst Ratings Changes

Several brokerages have issued reports on JLL. Wall Street Zen raised Jones Lang LaSalle from a “buy” rating to a “strong-buy” rating in a research report on Saturday, November 8th. Weiss Ratings reaffirmed a “hold (c+)” rating on shares of Jones Lang LaSalle in a research report on Wednesday, October 8th. Keefe, Bruyette & Woods increased their price target on shares of Jones Lang LaSalle from $317.00 to $345.00 and gave the company an “outperform” rating in a research report on Thursday, October 9th. UBS Group lifted their price objective on shares of Jones Lang LaSalle from $340.00 to $360.00 and gave the stock a “buy” rating in a research report on Friday, October 10th. Finally, Barclays assumed coverage on shares of Jones Lang LaSalle in a research note on Tuesday, December 2nd. They issued an “equal weight” rating and a $351.00 target price for the company. One analyst has rated the stock with a Strong Buy rating, four have given a Buy rating and five have assigned a Hold rating to the company. Based on data from MarketBeat.com, the company presently has a consensus 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.