Nicholas Investment Partners LP bought a new position in shares of Jones Lang LaSalle Incorporated (NYSE:JLL – Free Report) during the second quarter, HoldingsChannel reports. The institutional investor bought 1,702 shares of the financial services provider’s stock, valued at approximately $528,000.
Several other institutional investors also recently modified their holdings of the stock. BlackRock Inc. acquired a new stake in shares of Jones Lang LaSalle during the 2nd quarter valued at $1,446,414,000. AQR Capital Management LLC raised its position in shares of Jones Lang LaSalle by 426.7% during the fourth quarter. AQR Capital Management LLC now owns 899,625 shares of the financial services provider’s stock worth $302,697,000 after purchasing an additional 728,824 shares during the period. Norges Bank purchased a new stake in shares of Jones Lang LaSalle during the fourth quarter valued at $194,950,000. Eurizon Capital SGR S.p.A. acquired a new position in shares of Jones Lang LaSalle in the 4th quarter valued at $132,263,000. Finally, Millennium Management LLC raised its holdings in Jones Lang LaSalle by 4,285.3% during the 3rd quarter. Millennium Management LLC now owns 350,821 shares of the financial services provider’s stock worth $104,643,000 after buying an additional 342,821 shares during the period. Institutional investors own 94.80% of the company’s stock.
Jones Lang LaSalle Stock Up 0.1%
JLL stock opened at $387.62 on Tuesday. The stock has a market capitalization of $17.83 billion, a price-to-earnings ratio of 18.57 and a beta of 1.24. Jones Lang LaSalle Incorporated has a 52-week low of $259.83 and a 52-week high of $393.84. The company has a 50-day moving average of $337.48 and a two-hundred day moving average of $319.34. The company has a debt-to-equity ratio of 0.15, a current ratio of 2.40 and a quick ratio of 2.40.
Analysts Set New Price Targets
A number of equities research analysts have recently issued reports on the stock. Keefe, Bruyette & Woods boosted their price target on shares of Jones Lang LaSalle from $375.00 to $415.00 and gave the company an “outperform” rating in a report on Monday, August 3rd. Zacks Research lowered shares of Jones Lang LaSalle from a “strong-buy” rating to a “hold” rating in a research note on Thursday, July 23rd. Raymond James Financial reissued a “strong-buy” rating and set a $500.00 target price on shares of Jones Lang LaSalle in a research note on Thursday, July 30th. Barclays raised their target price on Jones Lang LaSalle from $368.00 to $401.00 and gave the stock an “equal weight” rating in a research report on Monday, August 17th. Finally, Weiss Ratings raised shares of Jones Lang LaSalle from a “buy (b-)” rating to a “buy (b)” rating in a research report on Tuesday, August 18th. One equities research analyst has rated the stock with a Strong Buy rating, five have given a Buy rating and two have assigned a Hold rating to the company. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus price target of $423.33.
View Our Latest Stock Analysis on Jones Lang LaSalle
Key Stories Impacting Jones Lang LaSalle
Here are the key news stories impacting Jones Lang LaSalle this week:
- Positive Sentiment: Zacks upgraded JLL to Rank #2 (Buy), citing improving earnings prospects. The upgrade could support the shares by signaling greater analyst optimism about the company’s near-term fundamentals. Jones Lang LaSalle Upgraded to Buy: Here’s Why
- Positive Sentiment: JLL led the $435 million sale of One Marina Park Drive, a 494,938-square-foot trophy office tower in Boston’s Seaport District. The transaction highlights JLL’s capital-markets capabilities and suggests institutional investors are returning to premium, supply-constrained office properties. Trophy Seaport office tower trades for $435M
- Positive Sentiment: Several Zacks reports identify JLL as attractive for growth, momentum and “momentum at a bargain” investors. These screens may reinforce buying interest, particularly after the company’s recent earnings beat and revenue growth. Why Growth Investors Should Buy JLL Now
- Neutral Sentiment: Coverage also reviews forecasts for JLL’s fiscal 2026 earnings and third-quarter results, but the supplied reports do not provide new forecast figures or a material estimate change. Zacks Research’s Forecast for JLL FY2026 Earnings
- Neutral Sentiment: The Boston sale is encouraging for premium office demand, but a single trophy-asset transaction may not signal a broad recovery across weaker office properties. What Does JLL Boston Tower Deal Mean For Office Demand?
Insider Transactions at Jones Lang LaSalle
In other Jones Lang LaSalle news, CEO Christian Ulbrich sold 2,000 shares of the business’s stock in a transaction dated Thursday, August 20th. The shares were sold at an average price of $385.53, for a total value of $771,060.00. Following the transaction, the chief executive officer directly owned 138,418 shares in the company, valued at $53,364,291.54. The trade was a 1.42% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director Larry Quinlan sold 403 shares of the company’s stock in a transaction that occurred on Friday, June 5th. The stock was sold at an average price of $295.14, for a total transaction of $118,941.42. Following the transaction, the director owned 4,771 shares in the company, valued at $1,408,112.94. The trade was a 7.79% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Over the last 90 days, insiders sold 6,805 shares of company stock worth $2,511,297. Company insiders own 0.91% of the company’s stock.
Jones Lang LaSalle 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.
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