7,603 Shares in Jones Lang LaSalle Incorporated $JLL Bought by Paralel Advisors LLC

Paralel Advisors LLC bought a new stake in Jones Lang LaSalle Incorporated (NYSE:JLL) during the second quarter, HoldingsChannel.com reports. The firm bought 7,603 shares of the financial services provider’s stock, valued at approximately $2,357,000.

Several other institutional investors have also recently bought and sold shares of JLL. Integrated Wealth Concepts LLC bought a new stake in shares of Jones Lang LaSalle during the 1st quarter valued at approximately $546,000. Empowered Funds LLC lifted its stake in Jones Lang LaSalle by 203.1% in the 1st quarter. Empowered Funds LLC now owns 4,046 shares of the financial services provider’s stock valued at $1,003,000 after purchasing an additional 2,711 shares during the last quarter. EverSource Wealth Advisors LLC lifted its stake in 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 valued at $128,000 after purchasing an additional 126 shares during the last quarter. Cresset Asset Management LLC boosted its position in 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 buying an additional 370 shares in the last quarter. Finally, Frontier Capital Management Co. LLC bought a new stake in shares of Jones Lang LaSalle during the second quarter worth $211,000. Institutional investors and hedge funds own 94.80% of the company’s stock.

Wall Street Analyst Weigh In

JLL has been the subject of a number of research reports. Weiss Ratings upgraded Jones Lang LaSalle from a “buy (b-)” rating to a “buy (b)” rating in a research note on Tuesday. Barclays boosted their price objective on Jones Lang LaSalle from $368.00 to $401.00 and gave the stock an “equal weight” rating in a research report on Monday. Zacks Research downgraded Jones Lang LaSalle from a “strong-buy” rating to a “hold” rating in a research report on Thursday, July 23rd. Keefe, Bruyette & Woods lifted their price target on Jones Lang LaSalle from $375.00 to $415.00 and gave the company an “outperform” rating in a research note on Monday, August 3rd. Finally, Raymond James Financial reaffirmed 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. One research analyst has rated the stock with a Strong Buy rating, five have given a Buy rating and two have assigned a Hold rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $423.33.

Insiders Place Their Bets

In related news, CEO Christian Ulbrich sold 2,000 shares of Jones Lang LaSalle stock in a transaction on Thursday, August 20th. The shares were sold at an average price of $385.53, for a total transaction of $771,060.00. Following the completion of the transaction, the chief executive officer owned 140,418 shares of the company’s stock, valued at $54,135,351.54. This trade represents a 1.40% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director Larry Quinlan sold 403 shares of the company’s stock in a transaction on Friday, June 5th. The shares were sold at an average price of $295.14, for a total transaction of $118,941.42. Following the sale, the director directly owned 4,771 shares in the company, valued at $1,408,112.94. This trade represents a 7.79% decrease in their position. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders have sold 6,805 shares of company stock valued at $2,511,297 in the last three months. 0.91% of the stock is owned by insiders.

Jones Lang LaSalle Price Performance

Shares of JLL opened at $384.84 on Friday. The business has a 50-day moving average of $333.92 and a 200-day moving average of $318.70. 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 price-to-earnings ratio of 18.44 and a beta of 1.25. Jones Lang LaSalle Incorporated has a 1 year low of $259.83 and a 1 year high of $393.84.

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

About Jones Lang LaSalle

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.