Meeder Asset Management Inc. Buys Shares of 2,551 Jones Lang LaSalle Incorporated $JLL

Meeder Asset Management Inc. purchased a new position in shares of Jones Lang LaSalle Incorporated (NYSE:JLL) in the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund purchased 2,551 shares of the financial services provider’s stock, valued at approximately $791,000.

Other large investors also recently modified their holdings of the company. Integrated Wealth Concepts LLC acquired a new stake in Jones Lang LaSalle in the first quarter worth about $546,000. Empowered Funds LLC raised its position in shares of Jones Lang LaSalle by 203.1% during the 1st quarter. Empowered Funds LLC now owns 4,046 shares of the financial services provider’s stock worth $1,003,000 after buying an additional 2,711 shares in the last quarter. EverSource Wealth Advisors LLC lifted its stake in shares of Jones Lang LaSalle by 33.8% in the 2nd quarter. EverSource Wealth Advisors LLC now owns 499 shares of the financial services provider’s stock worth $128,000 after acquiring an additional 126 shares during the period. Cresset Asset Management LLC boosted its holdings in shares of Jones Lang LaSalle by 28.4% in the second quarter. Cresset Asset Management LLC now owns 1,673 shares of the financial services provider’s stock valued at $428,000 after acquiring an additional 370 shares in the last quarter. Finally, Frontier Capital Management Co. LLC acquired a new position in shares of Jones Lang LaSalle during the second quarter valued at approximately $211,000. 94.80% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

JLL has been the subject of a number of research reports. Weiss Ratings lowered Jones Lang LaSalle from a “buy (b)” rating to a “buy (b-)” rating in a research note on Thursday, May 28th. Raymond James Financial reiterated a “strong-buy” rating and issued a $500.00 price target on shares of Jones Lang LaSalle in a research report on Thursday, July 30th. Zacks Research cut shares of Jones Lang LaSalle from a “strong-buy” rating to a “hold” rating in a report on Thursday, July 23rd. Keefe, Bruyette & Woods upped their price target on Jones Lang LaSalle from $375.00 to $415.00 and gave the company an “outperform” rating in a report on Monday, August 3rd. Finally, UBS Group increased 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 analyst has rated the stock with a Strong Buy rating, five have issued a Buy rating and two have assigned a Hold rating to the stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $423.33.

Jones Lang LaSalle Price Performance

Shares of NYSE:JLL opened at $371.01 on Wednesday. The firm has a market cap of $17.07 billion, a price-to-earnings ratio of 17.78 and a beta of 1.24. Jones Lang LaSalle Incorporated has a 1 year low of $259.83 and a 1 year high of $376.85. The company has a current ratio of 2.40, a quick ratio of 2.40 and a debt-to-equity ratio of 0.15. The business has a fifty day simple moving average of $330.35 and a 200 day simple moving average of $318.29.

Jones Lang LaSalle (NYSE:JLL) last posted its quarterly earnings results on Thursday, July 30th. The financial services provider reported $5.26 earnings per share for the quarter, topping analysts’ consensus estimates of $4.56 by $0.70. The company had revenue of $6.93 billion during the quarter, compared to the consensus estimate of $6.88 billion. Jones Lang LaSalle had a return on equity of 13.99% and a net margin of 3.64%.The business’s quarterly revenue was up 10.8% on a year-over-year basis. During the same period last year, the business earned $3.30 EPS. As a group, sell-side analysts predict that Jones Lang LaSalle Incorporated will post 24.18 earnings per share for the current fiscal year.

Insiders Place Their Bets

In other news, Director Larry Quinlan sold 402 shares of the stock in a transaction dated Friday, June 12th. The stock was sold at an average price of $301.73, for a total transaction of $121,295.46. Following the transaction, the director owned 4,369 shares of the company’s stock, valued at approximately $1,318,258.37. This represents a 8.43% decrease in their position. The sale 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, CEO Christian Ulbrich sold 2,000 shares of the business’s stock in a transaction that occurred on Tuesday, August 18th. The stock was sold at an average price of $375.00, for a total value of $750,000.00. Following the completion of the sale, the chief executive officer owned 144,418 shares of the company’s stock, valued at approximately $54,156,750. This trade represents a 1.37% 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. Insiders sold 4,805 shares of company stock valued at $1,740,237 over the last quarter. 0.91% of the stock is currently owned by corporate insiders.

Jones Lang LaSalle Company 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.