Crown Advisors Management Inc. bought a new stake in Jones Lang LaSalle Incorporated (NYSE:JLL – Free Report) in the 2nd quarter, HoldingsChannel reports. The firm bought 5,000 shares of the financial services provider’s stock, valued at approximately $1,550,000.
Several other institutional investors have also modified their holdings of the stock. Assetmark Inc. grew its holdings in shares of Jones Lang LaSalle by 15.8% in the fourth quarter. Assetmark Inc. now owns 220 shares of the financial services provider’s stock valued at $74,000 after purchasing an additional 30 shares during the period. Hilton Head Capital Partners LLC boosted its holdings in Jones Lang LaSalle by 40.4% in the 1st quarter. Hilton Head Capital Partners LLC now owns 146 shares of the financial services provider’s stock valued at $44,000 after purchasing an additional 42 shares during the last quarter. UMB Bank n.a. boosted its holdings in Jones Lang LaSalle by 10.6% in the 4th quarter. UMB Bank n.a. now owns 490 shares of the financial services provider’s stock valued at $165,000 after purchasing an additional 47 shares during the last quarter. Ballentine Partners LLC grew its stake in shares of Jones Lang LaSalle by 5.3% in the 4th quarter. Ballentine Partners LLC now owns 951 shares of the financial services provider’s stock valued at $320,000 after buying an additional 48 shares during the period. Finally, Root Financial Partners LLC increased its holdings in shares of Jones Lang LaSalle by 27.4% during the 1st quarter. Root Financial Partners LLC now owns 223 shares of the financial services provider’s stock worth $68,000 after buying an additional 48 shares during the last quarter. Hedge funds and other institutional investors own 94.80% of the company’s stock.
Wall Street Analyst Weigh In
A number of research analysts recently commented on the company. Raymond James Financial reiterated a “strong-buy” rating and issued a $500.00 price objective on shares of Jones Lang LaSalle in a report on Thursday, July 30th. Barclays lifted their target price on Jones Lang LaSalle from $366.00 to $368.00 and gave the company an “equal weight” rating in a research report on Tuesday, July 28th. Zacks Research lowered Jones Lang LaSalle from a “strong-buy” rating to a “hold” rating in a research note on Thursday, July 23rd. Weiss Ratings cut Jones Lang LaSalle from a “buy (b)” rating to a “buy (b-)” rating in a report on Thursday, May 28th. Finally, UBS Group boosted their price objective on shares of Jones Lang LaSalle from $425.00 to $445.00 and gave the company a “buy” rating in a report on Wednesday, April 22nd. One investment analyst has rated the stock with a Strong Buy rating, five have issued a Buy rating and two have given a Hold rating to the company’s stock. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $417.83.
Insider Transactions at Jones Lang LaSalle
In related news, Director Larry Quinlan sold 403 shares of the stock in a transaction dated 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 of the company’s stock, valued at approximately $1,408,112.94. This represents a 7.79% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders own 0.91% of the company’s stock.
Jones Lang LaSalle Stock Down 0.2%
Jones Lang LaSalle stock opened at $374.39 on Monday. The company has a market capitalization of $17.23 billion, a PE ratio of 17.94 and a beta of 1.24. The company has a debt-to-equity ratio of 0.15, a quick ratio of 2.40 and a current ratio of 2.40. Jones Lang LaSalle Incorporated has a fifty-two week low of $259.83 and a fifty-two week high of $375.71. The firm has a 50 day moving average price of $327.57 and a 200 day moving average price of $318.09.
Jones Lang LaSalle (NYSE:JLL – Get Free Report) last released its quarterly earnings results on Thursday, July 30th. The financial services provider reported $5.26 EPS for the quarter, topping analysts’ consensus estimates 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 company had revenue of $6.93 billion for the quarter, compared to analysts’ expectations of $6.88 billion. During the same period in the prior year, the firm earned $3.30 earnings per share. The firm’s revenue was up 10.8% compared to the same quarter last year. Research analysts expect that Jones Lang LaSalle Incorporated will post 24.18 earnings per share for the current year.
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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