Ritholtz Wealth Management Buys 8,394 Shares of Jones Lang LaSalle Incorporated $JLL

Ritholtz Wealth Management lifted its position in Jones Lang LaSalle Incorporated (NYSE:JLLFree Report) by 275.8% during the 1st quarter, according to its most recent disclosure with the SEC. The fund owned 11,438 shares of the financial services provider’s stock after purchasing an additional 8,394 shares during the period. Ritholtz Wealth Management’s holdings in Jones Lang LaSalle were worth $3,481,000 as of its most recent SEC filing.

Other hedge funds also recently made changes to their positions in the company. M&T Bank Corp grew its holdings in Jones Lang LaSalle by 184,969.0% in the 4th quarter. M&T Bank Corp now owns 3,864,241 shares of the financial services provider’s stock worth $1,300,201,000 after acquiring an additional 3,862,153 shares during the last quarter. AQR Capital Management LLC raised its stake 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 valued at $302,697,000 after acquiring an additional 728,824 shares during the last quarter. Norges Bank bought a new stake in shares of Jones Lang LaSalle in the fourth quarter worth about $194,950,000. Eurizon Capital SGR S.p.A. bought a new stake in shares of Jones Lang LaSalle in the fourth quarter worth about $132,263,000. Finally, Millennium Management LLC increased 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 valued at $104,643,000 after purchasing an additional 342,821 shares during the period. 94.80% of the stock is owned by hedge funds and other institutional investors.

Insider Activity at Jones Lang LaSalle

In related news, Director Larry Quinlan sold 402 shares of the company’s stock in a transaction that occurred on Friday, June 12th. The stock was sold at an average price of $301.73, for a total value of $121,295.46. Following the sale, the director owned 4,369 shares in the company, valued at $1,318,258.37. This represents a 8.43% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. 0.91% of the stock is currently owned by corporate insiders.

Jones Lang LaSalle Stock Performance

Shares of JLL stock opened at $302.83 on Friday. The company’s fifty day moving average price is $309.10 and its 200-day moving average price is $319.16. The stock has a market cap of $14.05 billion, a PE ratio of 16.28 and a beta of 1.29. The company has a current ratio of 2.35, a quick ratio of 2.35 and a debt-to-equity ratio of 0.15. Jones Lang LaSalle Incorporated has a 12 month low of $244.96 and a 12 month high of $363.06.

Jones Lang LaSalle (NYSE:JLLGet Free Report) last issued its quarterly earnings results on Thursday, April 30th. The financial services provider reported $3.43 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $3.01 by $0.42. The company had revenue of $6.39 billion during the quarter, compared to analysts’ expectations of $6 billion. Jones Lang LaSalle had a net margin of 3.35% and a return on equity of 13.01%. Jones Lang LaSalle’s revenue was up 11.1% on a year-over-year basis. During the same period last year, the company posted $2.31 EPS. On average, equities analysts expect that Jones Lang LaSalle Incorporated will post 22.8 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

Several brokerages have commented on JLL. Zacks Research lowered shares of Jones Lang LaSalle from a “strong-buy” rating to a “hold” rating in a report on Friday, April 24th. UBS Group boosted their price target on shares of Jones Lang LaSalle from $425.00 to $445.00 and gave the company a “buy” rating in a research 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. Finally, Weiss Ratings cut Jones Lang LaSalle from a “buy (b)” rating to a “buy (b-)” rating in a research report on Thursday, May 28th. Five research analysts have rated the stock with a Buy rating and three have issued a Hold rating to the stock. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus price target of $394.00.

Read Our Latest Stock Analysis on JLL

Jones Lang LaSalle Profile

(Free Report)

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

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Institutional Ownership by Quarter for Jones Lang LaSalle (NYSE:JLL)

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