NFJ Investment Group LLC Takes Position in Jones Lang LaSalle Incorporated $JLL

NFJ Investment Group LLC bought a new position in shares of Jones Lang LaSalle Incorporated (NYSE:JLL) in the 2nd quarter, HoldingsChannel reports. The institutional investor bought 45,136 shares of the financial services provider’s stock, valued at approximately $13,990,000.

A number of other institutional investors have also recently added to or reduced their stakes in the stock. Sunbelt Securities Inc. purchased a new position in Jones Lang LaSalle during the third quarter valued at $25,000. Mitsubishi UFJ Asset Management Co. Ltd. purchased a new stake in shares of Jones Lang LaSalle during the second quarter worth about $26,000. International Assets Investment Management LLC acquired a new position in shares of Jones Lang LaSalle during the 4th quarter worth about $29,000. Activest Wealth Management lifted its stake in Jones Lang LaSalle by 1,720.0% in the 4th quarter. Activest Wealth Management now owns 91 shares of the financial services provider’s stock valued at $31,000 after buying an additional 86 shares in the last quarter. Finally, Johnson Financial Group Inc. purchased a new stake in Jones Lang LaSalle during the 2nd quarter worth approximately $34,000. Institutional investors and hedge funds own 94.80% of the company’s stock.

Insider Activity at Jones Lang LaSalle

In other news, Director Larry Quinlan sold 403 shares of the company’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 $1,408,112.94. This represents a 7.79% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CEO Christian Ulbrich sold 2,000 shares of the firm’s stock in a transaction dated 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 140,418 shares of the company’s stock, valued at $54,135,351.54. The trade was a 1.40% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders sold 6,805 shares of company stock valued at $2,511,297 over the last quarter. 0.91% of the stock is currently owned by company insiders.

Wall Street Analysts Forecast Growth

Several equities analysts have recently weighed in on the company. Barclays raised their target price on Jones Lang LaSalle from $368.00 to $401.00 and gave the company an “equal weight” rating in a research report on Monday. Raymond James Financial reissued a “strong-buy” rating and issued a $500.00 price objective on shares of Jones Lang LaSalle in a research note on Thursday, July 30th. Weiss Ratings upgraded Jones Lang LaSalle from a “buy (b-)” rating to a “buy (b)” rating in a report on Tuesday. Keefe, Bruyette & Woods upped their target price on shares of Jones Lang LaSalle from $375.00 to $415.00 and gave the stock an “outperform” rating in a report 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 research analyst has rated the stock with a Strong Buy rating, five have assigned a Buy rating and two have given a Hold rating to the company’s stock. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average target price of $423.33.

Jones Lang LaSalle Price Performance

Shares of JLL stock opened at $384.84 on Friday. The company has a debt-to-equity ratio of 0.15, a current ratio of 2.40 and a quick ratio of 2.40. The company has a market capitalization of $17.71 billion, a PE ratio of 18.44 and a beta of 1.25. The firm’s 50-day moving average is $333.92 and its two-hundred day moving average is $318.70. Jones Lang LaSalle Incorporated has a 12 month low of $259.83 and a 12 month high of $393.84.

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