WINTON GROUP Ltd Reduces Stake in Jones Lang LaSalle Incorporated $JLL

WINTON GROUP Ltd lessened its stake in shares of Jones Lang LaSalle Incorporated (NYSE:JLL) by 62.2% in the second quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 8,880 shares of the financial services provider’s stock after selling 14,625 shares during the quarter. WINTON GROUP Ltd’s holdings in Jones Lang LaSalle were worth $2,752,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently modified their holdings of JLL. Deutsche Bank AG bought a new position in Jones Lang LaSalle in the 2nd quarter valued at $6,504,000. Moran Wealth Management LLC purchased a new stake in shares of Jones Lang LaSalle in the first quarter worth $4,405,000. Geode Capital Management LLC boosted its stake in Jones Lang LaSalle by 1.6% during the fourth quarter. Geode Capital Management LLC now owns 990,836 shares of the financial services provider’s stock valued at $333,451,000 after buying an additional 15,995 shares during the period. Thrivent Financial for Lutherans grew its position in Jones Lang LaSalle by 78.4% during the fourth quarter. Thrivent Financial for Lutherans now owns 28,895 shares of the financial services provider’s stock worth $9,723,000 after buying an additional 12,699 shares in the last quarter. Finally, Jackson Creek Investment Advisors LLC bought a new position in Jones Lang LaSalle in the 4th quarter worth about $1,507,000. 94.80% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

A number of analysts have recently issued reports on the company. Zacks Research downgraded Jones Lang LaSalle from a “strong-buy” rating to a “hold” rating in a research report on Thursday, July 23rd. Keefe, Bruyette & Woods lifted their target price on shares of Jones Lang LaSalle from $375.00 to $415.00 and gave the company an “outperform” rating in a research report on Monday, August 3rd. Weiss Ratings raised shares of Jones Lang LaSalle from a “buy (b-)” rating to a “buy (b)” rating in a research note on Tuesday, August 18th. Barclays raised their price objective on shares of Jones Lang LaSalle from $368.00 to $401.00 and gave the company an “equal weight” rating in a research report on Monday, August 17th. Finally, Raymond James Financial reiterated a “strong-buy” rating and issued a $500.00 target price on shares of Jones Lang LaSalle in a research report on Thursday, July 30th. One equities research analyst has rated the stock with a Strong Buy rating, four have assigned a Buy rating and two have assigned a Hold rating to the stock. According to data from MarketBeat, Jones Lang LaSalle presently has a consensus rating of “Moderate Buy” and an average target price of $433.60.

Insider Activity at Jones Lang LaSalle

In related news, CEO Christian Ulbrich sold 2,000 shares of the company’s stock in a transaction on Thursday, August 20th. The shares were sold at an average price of $385.53, for a total transaction of $771,060.00. Following the completion of the sale, the chief executive officer directly owned 138,418 shares in the company, valued at $53,364,291.54. This represents a 1.42% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders have sold 6,000 shares of company stock valued at $2,271,060 over the last quarter. 0.91% of the stock is owned by insiders.

Jones Lang LaSalle Stock Up 1.4%

Shares of NYSE:JLL opened at $347.07 on Friday. The stock has a market capitalization of $15.97 billion, a P/E ratio of 16.63 and a beta of 1.24. The stock’s 50-day moving average price is $353.01 and its 200-day moving average price is $324.02. The company has a current ratio of 2.40, a quick ratio of 2.40 and a debt-to-equity ratio of 0.15. Jones Lang LaSalle Incorporated has a 12-month low of $259.83 and a 12-month high of $393.84.

Jones Lang LaSalle (NYSE:JLL) last posted its quarterly earnings results on Thursday, July 30th. The financial services provider reported $5.26 earnings per share (EPS) for the quarter, topping the consensus estimate of $4.56 by $0.70. Jones Lang LaSalle had a return on equity of 13.99% and a net margin of 3.64%.The business had revenue of $6.93 billion for the quarter, compared to analyst estimates of $6.88 billion. During the same period last year, the company earned $3.30 EPS. Jones Lang LaSalle’s revenue for the quarter was up 10.8% compared to the same quarter last year. On average, equities analysts anticipate that Jones Lang LaSalle Incorporated will post 25.05 earnings per share for the current year.

About Jones Lang LaSalle

Jones Lang LaSalle Incorporated (NYSE:JLL), operating under the JLL brand, is a global commercial real estate services and investment management company. It advises property owners, occupiers, investors and developers across the real estate lifecycle, with services that include leasing, capital markets, investment sales and acquisitions, valuation and advisory, research, development consulting, and property and facilities management.

JLL also provides project and development management, workplace strategy, sustainability consulting, and technology-enabled real estate solutions.