Legal & General Group Plc acquired a new position in Jones Lang LaSalle Incorporated (NYSE:JLL – Free Report) during the second quarter, Holdings Channel reports. The institutional investor acquired 124,291 shares of the financial services provider’s stock, valued at approximately $38,524,000.
Several other large investors also recently added to or reduced their stakes in JLL. Mitsubishi UFJ Asset Management Co. Ltd. bought a new position in shares of Jones Lang LaSalle during the 2nd quarter valued at $26,000. Sunbelt Securities Inc. bought a new stake in Jones Lang LaSalle in the third quarter worth $25,000. International Assets Investment Management LLC acquired a new position in Jones Lang LaSalle during the fourth quarter worth $29,000. Activest Wealth Management lifted its position in shares of Jones Lang LaSalle by 1,720.0% in the fourth quarter. Activest Wealth Management now owns 91 shares of the financial services provider’s stock worth $31,000 after buying an additional 86 shares during the last quarter. Finally, Hilton Head Capital Partners LLC acquired a new position in shares of Jones Lang LaSalle during the 4th quarter valued at about $35,000. 94.80% of the stock is owned by institutional investors.
Insider Buying and Selling
In related news, Director Larry Quinlan sold 402 shares of the firm’s stock in a transaction 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 completion of the transaction, the director directly owned 4,369 shares of the company’s stock, valued at $1,318,258.37. This trade represents a 8.43% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CEO Christian Ulbrich sold 2,000 shares of Jones Lang LaSalle stock in a transaction on Thursday, August 20th. The stock was sold at an average price of $385.53, for a total transaction of $771,060.00. Following the sale, the chief executive officer owned 138,418 shares in the company, valued at $53,364,291.54. This represents a 1.42% 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. Over the last 90 days, insiders have sold 6,805 shares of company stock worth $2,511,297. 0.91% of the stock is currently owned by company insiders.
Analyst Upgrades and Downgrades
View Our Latest Research Report on JLL
Jones Lang LaSalle Trading Up 0.1%
Shares of Jones Lang LaSalle stock opened at $378.94 on Friday. Jones Lang LaSalle Incorporated has a 1 year low of $259.83 and a 1 year high of $393.84. The company’s fifty day simple moving average is $344.31 and its 200-day simple moving average is $320.79. The company has a market cap of $17.44 billion, a price-to-earnings ratio of 18.16 and a beta of 1.25. The company has a current ratio of 2.40, a quick ratio of 2.40 and a debt-to-equity ratio of 0.15.
Jones Lang LaSalle (NYSE:JLL – Get Free Report) last issued its quarterly earnings results on Thursday, July 30th. The financial services provider reported $5.26 earnings per share for the quarter, beating analysts’ consensus estimates of $4.56 by $0.70. Jones Lang LaSalle had a net margin of 3.64% and a return on equity of 13.99%. The firm had revenue of $6.93 billion during the quarter, compared to the consensus estimate of $6.88 billion. During the same period in the prior year, the firm earned $3.30 EPS. The business’s revenue was up 10.8% on a year-over-year basis. As a group, sell-side analysts expect that Jones Lang LaSalle Incorporated will post 24.59 EPS 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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