Jefferies Financial Group Inc. Takes $1.68 Million Position in Jones Lang LaSalle Incorporated $JLL

Jefferies Financial Group Inc. purchased a new position in shares of Jones Lang LaSalle Incorporated (NYSE:JLL) in the 2nd quarter, according to its most recent filing with the Securities & Exchange Commission. The fund purchased 5,404 shares of the financial services provider’s stock, valued at approximately $1,675,000.

Other hedge funds have also recently added to or reduced their stakes in the company. Hilton Head Capital Partners LLC boosted its stake 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 purchasing an additional 42 shares during the last quarter. UMB Bank n.a. raised its position in shares of 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 valued at $165,000 after buying an additional 47 shares during the last quarter. Ballentine Partners LLC lifted its stake in shares of 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 buying an additional 48 shares in the last quarter. Root Financial Partners LLC boosted its position in 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 acquiring an additional 48 shares during the last quarter. Finally, HighTower Advisors LLC grew its stake in Jones Lang LaSalle by 1.0% during the 4th quarter. HighTower Advisors LLC now owns 4,740 shares of the financial services provider’s stock valued at $1,595,000 after acquiring an additional 49 shares in the last quarter. 94.80% of the stock is owned by institutional investors and hedge funds.

Insider Activity at Jones Lang LaSalle

In other Jones Lang LaSalle news, CEO Christian Ulbrich sold 2,000 shares of the business’s stock in a transaction that occurred 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 owned 138,418 shares of the company’s stock, valued at $53,364,291.54. The trade was a 1.42% 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 link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, 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 owned 4,771 shares of the company’s stock, valued at approximately $1,408,112.94. This represents a 7.79% 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. Over the last 90 days, insiders sold 6,805 shares of company stock worth $2,511,297. Company insiders own 0.91% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research analysts have weighed in on JLL shares. Raymond James Financial reissued a “strong-buy” rating and issued a $500.00 target price on shares of Jones Lang LaSalle in a research note on Thursday, July 30th. Barclays increased their price target on Jones Lang LaSalle from $368.00 to $401.00 and gave the company an “equal weight” rating in a report on Monday, August 17th. Keefe, Bruyette & Woods lifted their price objective on Jones Lang LaSalle from $375.00 to $415.00 and gave the stock an “outperform” rating in a research report on Monday, August 3rd. Zacks Research lowered Jones Lang LaSalle from a “strong-buy” rating to a “hold” rating in a research note on Thursday, July 23rd. Finally, Weiss Ratings upgraded Jones Lang LaSalle from a “buy (b-)” rating to a “buy (b)” rating in a report on Tuesday, August 18th. One investment analyst has rated the stock with a Strong Buy rating, four have issued a Buy rating and two have assigned a Hold rating to the company’s stock. Based on data from MarketBeat.com, Jones Lang LaSalle has an average rating of “Moderate Buy” and an average price target of $433.60.

Jones Lang LaSalle Stock Up 0.1%

Shares of NYSE:JLL opened at $378.94 on Friday. The company has a market capitalization of $17.44 billion, a price-to-earnings ratio of 18.16 and a beta of 1.25. Jones Lang LaSalle Incorporated has a 12-month low of $259.83 and a 12-month high of $393.84. The business has a 50-day moving average price of $344.31 and a 200 day moving average price of $320.79. 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) last posted its earnings results on Thursday, July 30th. The financial services provider reported $5.26 EPS for the quarter, beating analysts’ consensus estimates of $4.56 by $0.70. The company had revenue of $6.93 billion for the quarter, compared to analysts’ expectations of $6.88 billion. Jones Lang LaSalle had a net margin of 3.64% and a return on equity of 13.99%. Jones Lang LaSalle’s revenue for the quarter was up 10.8% compared to the same quarter last year. During the same quarter in the prior year, the company posted $3.30 earnings per share. Sell-side analysts expect that Jones Lang LaSalle Incorporated will post 24.59 EPS for the current year.

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.