2,942 Shares in Jones Lang LaSalle Incorporated $JLL Bought by Westpac Banking Corp

Westpac Banking Corp bought a new stake in shares of Jones Lang LaSalle Incorporated (NYSE:JLL) in the first quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund bought 2,942 shares of the financial services provider’s stock, valued at approximately $895,000.

Several other hedge funds also recently added to or reduced their stakes in the business. Greenleaf Trust raised its stake in shares of Jones Lang LaSalle by 1.8% during the 4th quarter. Greenleaf Trust now owns 1,668 shares of the financial services provider’s stock valued at $561,000 after buying an additional 30 shares during the last quarter. Assetmark Inc. boosted its stake in shares of Jones Lang LaSalle by 15.8% in the fourth quarter. Assetmark Inc. now owns 220 shares of the financial services provider’s stock worth $74,000 after buying an additional 30 shares during the last quarter. IFP Advisors Inc boosted its stake in shares of Jones Lang LaSalle by 7.9% in the third quarter. IFP Advisors Inc now owns 544 shares of the financial services provider’s stock worth $162,000 after buying an additional 40 shares during the last quarter. Hilton Head Capital Partners LLC grew its holdings in Jones Lang LaSalle by 40.4% during the first 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 period. Finally, UMB Bank n.a. raised its position in Jones Lang LaSalle by 10.6% during the fourth quarter. UMB Bank n.a. now owns 490 shares of the financial services provider’s stock valued at $165,000 after acquiring an additional 47 shares in the last quarter. 94.80% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling at Jones Lang LaSalle

In other news, Director Larry Quinlan sold 403 shares of Jones Lang LaSalle stock in a transaction that occurred 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 sale, the director directly owned 4,771 shares of the company’s stock, valued at $1,408,112.94. The trade was a 7.79% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. 0.91% of the stock is currently owned by company insiders.

Jones Lang LaSalle Stock Performance

JLL opened at $324.07 on Thursday. The company has a market cap of $15.03 billion, a price-to-earnings ratio of 17.42 and a beta of 1.27. The firm’s fifty day simple moving average is $305.54 and its two-hundred day simple moving average is $317.48. The company has a quick ratio of 2.35, a current ratio of 2.35 and a debt-to-equity ratio of 0.15. Jones Lang LaSalle Incorporated has a 52-week low of $258.19 and a 52-week high of $363.06.

Jones Lang LaSalle (NYSE:JLL) last released its quarterly earnings results on Thursday, April 30th. The financial services provider reported $3.43 earnings per share for the quarter, topping the consensus estimate of $3.01 by $0.42. Jones Lang LaSalle had a net margin of 3.35% and a return on equity of 13.01%. The firm had revenue of $6.39 billion during the quarter, compared to the consensus estimate of $6 billion. During the same quarter in the prior year, the firm earned $2.31 EPS. The company’s revenue for the quarter was up 11.1% on a year-over-year basis. Equities analysts anticipate that Jones Lang LaSalle Incorporated will post 22.83 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

JLL has been the topic of several recent research reports. Barclays upped their price objective on Jones Lang LaSalle from $348.00 to $366.00 and gave the stock an “equal weight” rating in a research report on Wednesday, May 13th. UBS Group lifted their target price on shares of Jones Lang LaSalle from $425.00 to $445.00 and gave the company a “buy” rating in a report on Wednesday, April 22nd. Zacks Research upgraded shares of Jones Lang LaSalle from a “hold” rating to a “strong-buy” rating in a research note on Wednesday, June 24th. Finally, Weiss Ratings downgraded shares of Jones Lang LaSalle from a “buy (b)” rating to a “buy (b-)” rating in a report on Thursday, May 28th. One analyst has rated the stock with a Strong Buy rating, five have given a Buy rating and one has issued a Hold rating to the company’s stock. According to data from MarketBeat, Jones Lang LaSalle has a consensus rating of “Buy” and a consensus price target of $394.00.

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.