Jupiter Topco LLC Makes New Investment in Jones Lang LaSalle Incorporated $JLL

Jupiter Topco LLC acquired a new position in shares of Jones Lang LaSalle Incorporated (NYSE:JLLFree Report) in the 2nd quarter, HoldingsChannel reports. The firm acquired 87,514 shares of the financial services provider’s stock, valued at approximately $27,139,000.

Other institutional investors and hedge funds have also modified their holdings of the company. Hilton Head Capital Partners LLC grew its position in Jones Lang LaSalle by 40.4% during the 1st quarter. Hilton Head Capital Partners LLC now owns 146 shares of the financial services provider’s stock worth $44,000 after acquiring an additional 42 shares during the last quarter. UMB Bank n.a. boosted its stake in Jones Lang LaSalle by 10.6% in the fourth quarter. UMB Bank n.a. now owns 490 shares of the financial services provider’s stock worth $165,000 after purchasing an additional 47 shares in the last quarter. Ballentine Partners LLC boosted its stake in Jones Lang LaSalle by 5.3% in the fourth quarter. Ballentine Partners LLC now owns 951 shares of the financial services provider’s stock worth $320,000 after purchasing an additional 48 shares in the last quarter. Root Financial Partners LLC grew its holdings in shares of Jones Lang LaSalle by 27.4% during the first quarter. Root Financial Partners LLC now owns 223 shares of the financial services provider’s stock worth $68,000 after purchasing an additional 48 shares during the last quarter. Finally, HighTower Advisors LLC increased its stake in shares of Jones Lang LaSalle by 1.0% in the fourth quarter. HighTower Advisors LLC now owns 4,740 shares of the financial services provider’s stock valued at $1,595,000 after buying an additional 49 shares in the last quarter. 94.80% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several research analysts recently issued reports on JLL shares. Weiss Ratings upgraded shares of Jones Lang LaSalle from a “buy (b-)” rating to a “buy (b)” rating in a research report on Tuesday, August 18th. Raymond James Financial restated a “strong-buy” rating and issued a $500.00 price objective on shares of Jones Lang LaSalle in a research report on Thursday, July 30th. Barclays upped their target price on shares of Jones Lang LaSalle from $368.00 to $401.00 and gave the stock an “equal weight” rating in a research report on Monday, August 17th. Keefe, Bruyette & Woods increased their price target on shares of Jones Lang LaSalle from $375.00 to $415.00 and gave the company an “outperform” rating in a research note on Monday, August 3rd. Finally, Zacks Research cut shares of Jones Lang LaSalle from a “strong-buy” rating to a “hold” rating in a research report on Thursday, July 23rd. One analyst has rated the stock with a Strong Buy rating, four have issued a Buy rating and two have given a Hold rating to the company. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $433.60.

View Our Latest Report on JLL

Jones Lang LaSalle Trading Up 0.1%

JLL opened at $378.94 on Friday. The firm has a 50 day simple moving average of $344.31 and a 200 day simple moving average of $320.79. Jones Lang LaSalle Incorporated has a fifty-two week low of $259.83 and a fifty-two week high of $393.84. 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 debt-to-equity ratio of 0.15, a current ratio of 2.40 and a quick ratio of 2.40.

Jones Lang LaSalle (NYSE:JLLGet Free Report) last announced 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. 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 for the quarter, compared to analysts’ expectations of $6.88 billion. During the same period last year, the firm earned $3.30 earnings per share. The business’s revenue for the quarter was up 10.8% on a year-over-year basis. On average, sell-side analysts anticipate that Jones Lang LaSalle Incorporated will post 24.59 earnings per share for the current year.

Insiders Place Their Bets

In other news, Director Larry Quinlan sold 403 shares of the firm’s stock in a transaction on Friday, June 5th. The stock was sold at an average price of $295.14, for a total value of $118,941.42. Following the transaction, 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 position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. 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 value of $771,060.00. Following the sale, the chief executive officer directly owned 138,418 shares of the company’s stock, valued at approximately $53,364,291.54. This trade represents a 1.42% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. In the last three months, insiders sold 6,805 shares of company stock worth $2,511,297. 0.91% of the stock is currently owned by company insiders.

About Jones Lang LaSalle

(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.

Further Reading

Want to see what other hedge funds are holding JLL? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Jones Lang LaSalle Incorporated (NYSE:JLLFree Report).

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

Receive News & Ratings for Jones Lang LaSalle Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Jones Lang LaSalle and related companies with MarketBeat.com's FREE daily email newsletter.