Impact Partnership Wealth LLC Makes New $836,000 Investment in Jones Lang LaSalle Incorporated $JLL

Impact Partnership Wealth LLC acquired a new position in Jones Lang LaSalle Incorporated (NYSE:JLL) in the fourth quarter, HoldingsChannel.com reports. The institutional investor acquired 2,486 shares of the financial services provider’s stock, valued at approximately $836,000.

Other institutional investors have also added to or reduced their stakes in the company. Sunbelt Securities Inc. bought a new position in Jones Lang LaSalle in the third quarter worth $25,000. International Assets Investment Management LLC bought a new position in Jones Lang LaSalle in the fourth quarter worth $29,000. Activest Wealth Management raised its holdings in Jones Lang LaSalle by 1,720.0% in the fourth quarter. Activest Wealth Management now owns 91 shares of the financial services provider’s stock worth $31,000 after purchasing an additional 86 shares in the last quarter. True Wealth Design LLC raised its holdings in Jones Lang LaSalle by 13,200.0% in the fourth quarter. True Wealth Design LLC now owns 133 shares of the financial services provider’s stock worth $45,000 after purchasing an additional 132 shares in the last quarter. Finally, Bayforest Capital Ltd purchased a new stake in shares of Jones Lang LaSalle in the fourth quarter worth $55,000. Institutional investors own 94.80% of the company’s stock.

Analyst Ratings Changes

A number of analysts have weighed in on JLL shares. Barclays raised their price objective on shares of Jones Lang LaSalle from $348.00 to $366.00 and gave the company an “equal weight” rating in a research note on Wednesday, May 13th. Keefe, Bruyette & Woods dropped their target price on shares of Jones Lang LaSalle from $405.00 to $380.00 and set an “outperform” rating on the stock in a research note on Tuesday, February 24th. UBS Group upped their target price on shares of Jones Lang LaSalle from $425.00 to $445.00 and gave the stock a “buy” rating in a research note on Wednesday, April 22nd. Weiss Ratings downgraded shares of Jones Lang LaSalle from a “buy (b)” rating to a “buy (b-)” rating in a research note on Thursday. Finally, Zacks Research downgraded shares of Jones Lang LaSalle from a “strong-buy” rating to a “hold” rating in a research note on Friday, April 24th. Five equities research analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company. According to MarketBeat, Jones Lang LaSalle presently has a consensus rating of “Moderate Buy” and a consensus price target of $394.00.

Jones Lang LaSalle Trading Down 1.2%

Jones Lang LaSalle stock opened at $282.18 on Friday. The company has a debt-to-equity ratio of 0.15, a current ratio of 2.35 and a quick ratio of 2.35. Jones Lang LaSalle Incorporated has a one year low of $217.21 and a one year high of $363.06. The stock has a market capitalization of $13.09 billion, a PE ratio of 15.17 and a beta of 1.34. The business’s fifty day moving average is $312.49 and its 200 day moving average is $321.43.

Jones Lang LaSalle (NYSE:JLL) last released its quarterly earnings data on Thursday, April 30th. The financial services provider reported $3.43 EPS for the quarter, beating the consensus estimate of $3.01 by $0.42. Jones Lang LaSalle had a return on equity of 13.01% and a net margin of 3.35%.The company had revenue of $6.39 billion for the quarter, compared to analysts’ expectations of $6 billion. During the same period last year, the firm posted $2.31 earnings per share. Jones Lang LaSalle’s revenue was up 11.1% compared to the same quarter last year. On average, sell-side analysts predict that Jones Lang LaSalle Incorporated will post 22.61 EPS for the current year.

Insider Buying and Selling at Jones Lang LaSalle

In related news, CEO Richard Bloxam sold 5,440 shares of the stock in a transaction on Tuesday, March 24th. The stock was sold at an average price of $296.94, for a total transaction of $1,615,353.60. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, Director Deborah H. Mcaneny sold 2,500 shares of the firm’s stock in a transaction dated Tuesday, March 10th. The stock was sold at an average price of $300.50, for a total value of $751,250.00. Following the completion of the transaction, the director directly owned 14,985 shares in the company, valued at $4,502,992.50. The trade was a 14.30% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Company insiders own 0.91% of the company’s stock.

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.