NorthCrest Asset Manangement LLC Purchases New Position in Jones Lang LaSalle Incorporated $JLL

NorthCrest Asset Manangement LLC acquired a new position in Jones Lang LaSalle Incorporated (NYSE:JLL) in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm acquired 2,411 shares of the financial services provider’s stock, valued at approximately $842,000.

A number of other large investors have also recently made changes to their positions in JLL. Norges Bank bought a new position in shares of Jones Lang LaSalle during the second quarter valued at approximately $160,187,000. EdgePoint Investment Group Inc. increased its position in Jones Lang LaSalle by 21.0% during the 2nd quarter. EdgePoint Investment Group Inc. now owns 2,221,528 shares of the financial services provider’s stock valued at $568,222,000 after purchasing an additional 386,184 shares during the period. Millennium Management LLC increased its position 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. Equity Investment Corp bought a new position in Jones Lang LaSalle in the 3rd quarter worth $72,132,000. Finally, Wellington Management Group LLP lifted its position in shares of Jones Lang LaSalle by 310.0% in the 3rd quarter. Wellington Management Group LLP now owns 290,148 shares of the financial services provider’s stock worth $86,545,000 after purchasing an additional 219,373 shares during the period. 94.80% of the stock is currently owned by institutional investors.

Insider Buying and Selling at Jones Lang LaSalle

In related news, Director Deborah H. Mcaneny sold 2,500 shares of the firm’s stock in a transaction that occurred on Tuesday, March 10th. The stock was sold at an average price of $300.50, for a total transaction of $751,250.00. Following the completion of the transaction, the director owned 14,985 shares of the company’s stock, valued at $4,502,992.50. This trade represents a 14.30% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. 0.91% of the stock is owned by insiders.

Wall Street Analyst Weigh In

Several equities analysts recently issued reports on the stock. Keefe, Bruyette & Woods reduced their price target on shares of Jones Lang LaSalle from $405.00 to $380.00 and set an “outperform” rating on the stock in a research report on Tuesday, February 24th. Zacks Research raised Jones Lang LaSalle from a “hold” rating to a “strong-buy” rating in a research report on Friday, February 20th. Wall Street Zen upgraded Jones Lang LaSalle from a “buy” rating to a “strong-buy” rating in a report on Sunday, January 11th. The Goldman Sachs Group raised their target price on Jones Lang LaSalle from $361.00 to $407.00 and gave the company a “buy” rating in a research note on Wednesday, November 26th. Finally, Barclays dropped their price target on Jones Lang LaSalle from $360.00 to $355.00 and set an “equal weight” rating on the stock in a research report on Friday, March 13th. One research analyst has rated the stock with a Strong Buy rating, five have assigned a Buy rating and three have given a Hold rating to the company’s stock. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and an average target price of $363.17.

Jones Lang LaSalle Trading Down 1.3%

Shares of NYSE JLL opened at $295.76 on Wednesday. Jones Lang LaSalle Incorporated has a 1 year low of $194.36 and a 1 year high of $363.06. The company has a debt-to-equity ratio of 0.10, a current ratio of 2.23 and a quick ratio of 2.23. The firm has a 50-day moving average of $321.18 and a 200 day moving average of $318.08. The stock has a market cap of $13.86 billion, a P/E ratio of 18.02 and a beta of 1.42.

Jones Lang LaSalle (NYSE:JLL) last announced its quarterly earnings data on Wednesday, February 18th. The financial services provider reported $8.71 earnings per share for the quarter, topping analysts’ consensus estimates of $7.25 by $1.46. Jones Lang LaSalle had a net margin of 3.03% and a return on equity of 12.50%. The business had revenue of $7.61 billion for the quarter, compared to analysts’ expectations of $7.45 billion. During the same quarter in the prior year, the company earned $6.15 earnings per share. The business’s revenue was up 11.7% compared to the same quarter last year. As a group, sell-side analysts expect that Jones Lang LaSalle Incorporated will post 16.45 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.