Diversify Advisory Services LLC acquired a new stake in Jones Lang LaSalle Incorporated (NYSE:JLL – Free Report) in the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm acquired 2,251 shares of the financial services provider’s stock, valued at approximately $750,000.
Other large investors have also recently modified their holdings of the company. Moran Wealth Management LLC purchased a new stake in shares of Jones Lang LaSalle in the first quarter valued at $4,405,000. Geode Capital Management LLC boosted its stake in shares of Jones Lang LaSalle by 1.6% during the 4th quarter. Geode Capital Management LLC now owns 990,836 shares of the financial services provider’s stock worth $333,451,000 after purchasing an additional 15,995 shares during the period. Jackson Creek Investment Advisors LLC bought a new position in Jones Lang LaSalle during the 4th quarter valued at about $1,507,000. Thrivent Financial for Lutherans raised its position in Jones Lang LaSalle by 78.4% in the 4th quarter. Thrivent Financial for Lutherans now owns 28,895 shares of the financial services provider’s stock worth $9,723,000 after purchasing an additional 12,699 shares during the period. Finally, Principal Financial Group Inc. raised its position in Jones Lang LaSalle by 279.6% in the 1st quarter. Principal Financial Group Inc. now owns 429,418 shares of the financial services provider’s stock worth $130,683,000 after purchasing an additional 316,299 shares during the period. Institutional investors own 94.80% of the company’s stock.
Wall Street Analyst Weigh In
Several research analysts have issued reports on the company. Barclays boosted their target price on Jones Lang LaSalle from $368.00 to $401.00 and gave the company an “equal weight” rating in a research report on Monday. Raymond James Financial reiterated a “strong-buy” rating and issued a $500.00 price target on shares of Jones Lang LaSalle in a report on Thursday, July 30th. Keefe, Bruyette & Woods boosted their price objective on 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 downgraded Jones Lang LaSalle from a “strong-buy” rating to a “hold” rating in a research report on Thursday, July 23rd. Finally, Weiss Ratings upgraded Jones Lang LaSalle from a “buy (b-)” rating to a “buy (b)” rating in a research note on Tuesday. One investment analyst has rated the stock with a Strong Buy rating, five have issued a Buy rating and two have issued a Hold rating to the stock. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $423.33.
Insider Buying and Selling at Jones Lang LaSalle
In other news, CEO Christian Ulbrich sold 2,000 shares of the business’s stock in a transaction on Thursday, August 20th. The stock was sold at an average price of $385.53, for a total value of $771,060.00. Following the completion of the transaction, the chief executive officer directly owned 140,418 shares of the company’s stock, valued at approximately $54,135,351.54. The trade was a 1.40% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director Larry Quinlan sold 402 shares of the firm’s stock in a transaction dated Friday, June 12th. The shares were sold at an average price of $301.73, for a total value of $121,295.46. Following the sale, the director directly owned 4,369 shares in the company, valued at approximately $1,318,258.37. The trade was a 8.43% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders have sold a total of 6,805 shares of company stock worth $2,511,297 in the last ninety days. Insiders own 0.91% of the company’s stock.
Jones Lang LaSalle Trading Down 1.4%
NYSE:JLL opened at $384.84 on Friday. The firm has a 50-day simple moving average of $333.92 and a 200-day simple moving average of $318.70. Jones Lang LaSalle Incorporated has a one year low of $259.83 and a one year high of $393.84. The firm has a market cap of $17.71 billion, a P/E ratio of 18.44 and a beta of 1.25. 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 (NYSE:JLL – Get Free Report) last released its quarterly earnings data on Thursday, July 30th. The financial services provider reported $5.26 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $4.56 by $0.70. The firm had revenue of $6.93 billion for the quarter, compared to the consensus estimate of $6.88 billion. Jones Lang LaSalle had a net margin of 3.64% and a return on equity of 13.99%. The company’s quarterly revenue was up 10.8% on a year-over-year basis. During the same period last year, the firm earned $3.30 earnings per share. Equities analysts anticipate that Jones Lang LaSalle Incorporated will post 24.18 EPS for the current fiscal 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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