Vestcor Inc boosted its position in shares of Jones Lang LaSalle Incorporated (NYSE:JLL – Free Report) by 67.5% in the fourth quarter, Holdings Channel.com reports. The firm owned 6,501 shares of the financial services provider’s stock after acquiring an additional 2,619 shares during the period. Vestcor Inc’s holdings in Jones Lang LaSalle were worth $2,187,000 as of its most recent SEC filing.
Other large investors have also added to or reduced their stakes in the company. Sunbelt Securities Inc. acquired a new stake in Jones Lang LaSalle during the 3rd quarter valued at $25,000. International Assets Investment Management LLC acquired a new stake in Jones Lang LaSalle during the 4th quarter valued at $29,000. Activest Wealth Management grew its holdings in Jones Lang LaSalle by 1,720.0% during the 4th quarter. Activest Wealth Management now owns 91 shares of the financial services provider’s stock valued at $31,000 after purchasing an additional 86 shares in the last quarter. True Wealth Design LLC grew its holdings in Jones Lang LaSalle by 13,200.0% during the 4th quarter. True Wealth Design LLC now owns 133 shares of the financial services provider’s stock valued at $45,000 after purchasing an additional 132 shares in the last quarter. Finally, Bayforest Capital Ltd acquired a new stake in Jones Lang LaSalle during the 4th quarter valued at $55,000. 94.80% of the stock is owned by institutional investors and hedge funds.
Wall Street Analysts Forecast Growth
Several research analysts have weighed in on JLL shares. UBS Group raised their price objective on shares of Jones Lang LaSalle from $425.00 to $445.00 and gave the stock a “buy” rating in a report on Wednesday, April 22nd. Barclays raised their price objective on shares of Jones Lang LaSalle from $348.00 to $366.00 and gave the stock an “equal weight” rating in a report on Wednesday, May 13th. Keefe, Bruyette & Woods decreased their price objective on shares of Jones Lang LaSalle from $405.00 to $380.00 and set an “outperform” rating for the company in a report on Tuesday, February 24th. Zacks Research lowered shares of Jones Lang LaSalle from a “strong-buy” rating to a “hold” rating in a report on Friday, April 24th. Finally, Weiss Ratings lowered shares of Jones Lang LaSalle from a “buy (b)” rating to a “buy (b-)” rating in a report on Thursday, May 28th. Five equities research analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company. According to MarketBeat, Jones Lang LaSalle presently has an average rating of “Moderate Buy” and a consensus target price of $394.00.
Insider Activity
In other news, CEO Richard Bloxam sold 5,440 shares of Jones Lang LaSalle stock in a transaction dated Tuesday, March 24th. The shares were sold at an average price of $296.94, for a total value of $1,615,353.60. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Deborah H. Mcaneny sold 2,500 shares of Jones Lang LaSalle stock in a transaction dated Tuesday, March 10th. The shares were sold at an average price of $300.50, for a total transaction of $751,250.00. Following the completion of the transaction, the director directly owned 14,985 shares of the company’s stock, valued at $4,502,992.50. This trade represents a 14.30% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders own 0.91% of the company’s stock.
Jones Lang LaSalle Trading Up 0.0%
NYSE JLL opened at $295.76 on Monday. Jones Lang LaSalle Incorporated has a one year low of $228.48 and a one year high of $363.06. The company has a 50-day simple moving average of $312.04 and a 200-day simple moving average of $321.25. The company has a debt-to-equity ratio of 0.15, a quick ratio of 2.35 and a current ratio of 2.35. The firm has a market capitalization of $13.72 billion, a PE ratio of 15.90 and a beta of 1.29.
Jones Lang LaSalle (NYSE:JLL – Get Free Report) last posted its quarterly earnings results on Thursday, April 30th. The financial services provider reported $3.43 EPS for the quarter, beating the consensus estimate of $3.01 by $0.42. Jones Lang LaSalle had a net margin of 3.35% and a return on equity of 13.01%. The business had revenue of $6.39 billion during the quarter, compared to analyst estimates of $6 billion. During the same period in the previous year, the business posted $2.31 EPS. The company’s quarterly revenue was up 11.1% on a year-over-year basis. On average, equities analysts forecast that Jones Lang LaSalle Incorporated will post 22.8 earnings per share for the current 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.
See Also
- Five stocks we like better than Jones Lang LaSalle
- These 3 Insurance Stocks Made New 52-Week Highs: Still Time to Buy?
- 3 Stocks Under $20 to Buy Before a Broader Market Rally
- Petco Faces Tough Competition, But Momentum Is Building
- The Lock-In Effect Is Real—These 3 Homebuilders Are Betting on It
Want to see what other hedge funds are holding JLL? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Jones Lang LaSalle Incorporated (NYSE:JLL – Free Report).
Receive News & Ratings for Jones Lang LaSalle Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Jones Lang LaSalle and related companies with MarketBeat.com's FREE daily email newsletter.
