Janus Henderson Group PLC raised its holdings in Jones Lang LaSalle Incorporated (NYSE:JLL – Free Report) by 291.3% in the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 84,298 shares of the financial services provider’s stock after buying an additional 62,753 shares during the quarter. Janus Henderson Group PLC’s holdings in Jones Lang LaSalle were worth $25,680,000 at the end of the most recent quarter.
Other institutional investors and hedge funds also recently modified their holdings of the company. Integrated Wealth Concepts LLC acquired a new position in Jones Lang LaSalle during the first quarter worth approximately $546,000. Empowered Funds LLC boosted its holdings in shares of Jones Lang LaSalle by 203.1% in the 1st quarter. Empowered Funds LLC now owns 4,046 shares of the financial services provider’s stock valued at $1,003,000 after purchasing an additional 2,711 shares during the last quarter. EverSource Wealth Advisors LLC grew its stake in shares of Jones Lang LaSalle by 33.8% during the 2nd quarter. EverSource Wealth Advisors LLC now owns 499 shares of the financial services provider’s stock valued at $128,000 after buying an additional 126 shares during the period. Cresset Asset Management LLC increased its holdings in shares of Jones Lang LaSalle by 28.4% during the 2nd quarter. Cresset Asset Management LLC now owns 1,673 shares of the financial services provider’s stock worth $428,000 after buying an additional 370 shares during the last quarter. Finally, Frontier Capital Management Co. LLC purchased a new position in shares of Jones Lang LaSalle in the 2nd quarter worth $211,000. Institutional investors and hedge funds own 94.80% of the company’s stock.
Jones Lang LaSalle Trading Up 3.1%
JLL opened at $366.01 on Tuesday. The firm’s 50 day moving average is $313.98 and its 200-day moving average is $317.23. Jones Lang LaSalle Incorporated has a 52-week low of $259.83 and a 52-week high of $367.37. The company has a quick ratio of 2.40, a current ratio of 2.40 and a debt-to-equity ratio of 0.15. The firm has a market capitalization of $16.98 billion, a P/E ratio of 17.54 and a beta of 1.24.
Insiders Place Their Bets
In other news, Director Larry Quinlan sold 403 shares of the firm’s 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 completion of the sale, the director directly owned 4,771 shares in the company, valued at $1,408,112.94. This trade represents a 7.79% decrease in their ownership of the stock. The sale was disclosed in a legal 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. 0.91% of the stock is currently owned by insiders.
Analyst Ratings Changes
A number of brokerages recently weighed in on JLL. Weiss Ratings cut Jones Lang LaSalle from a “buy (b)” rating to a “buy (b-)” rating in a report on Thursday, May 28th. Zacks Research downgraded Jones Lang LaSalle from a “strong-buy” rating to a “hold” rating in a report on Thursday, July 23rd. Barclays boosted their target price on Jones Lang LaSalle from $366.00 to $368.00 and gave the stock an “equal weight” rating in a report on Tuesday, July 28th. Keefe, Bruyette & Woods increased their price objective on shares of Jones Lang LaSalle from $375.00 to $415.00 and gave the stock an “outperform” rating in a research report on Monday. Finally, UBS Group raised their price objective on Jones Lang LaSalle from $425.00 to $445.00 and gave the company a “buy” rating in a research report on Wednesday, April 22nd. One equities research analyst has rated the stock with a Strong Buy rating, five have given a Buy rating and two have given a Hold rating to the company. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average target price of $417.83.
Read Our Latest Stock Analysis on JLL
About Jones Lang LaSalle
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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