1,702 Shares in Jones Lang LaSalle Incorporated $JLL Acquired by United Capital Financial Advisors LLC

United Capital Financial Advisors LLC acquired a new position in Jones Lang LaSalle Incorporated (NYSE:JLL) during the second quarter, Holdings Channel.com reports. The firm acquired 1,702 shares of the financial services provider’s stock, valued at approximately $528,000.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Deutsche Bank AG acquired a new position in Jones Lang LaSalle in the second quarter valued at approximately $6,504,000. Moran Wealth Management LLC purchased a new stake in Jones Lang LaSalle during the first quarter worth $4,405,000. Geode Capital Management LLC grew its position in Jones Lang LaSalle by 1.6% during the fourth quarter. Geode Capital Management LLC now owns 990,836 shares of the financial services provider’s stock valued at $333,451,000 after buying an additional 15,995 shares during the period. Jackson Creek Investment Advisors LLC acquired a new position in shares of Jones Lang LaSalle in the fourth quarter worth about $1,507,000. Finally, Principal Financial Group Inc. boosted its stake in shares of Jones Lang LaSalle by 279.6% during the 1st quarter. Principal Financial Group Inc. now owns 429,418 shares of the financial services provider’s stock worth $130,683,000 after acquiring an additional 316,299 shares in the last quarter. 94.80% of the stock is owned by institutional investors and hedge funds.

Jones Lang LaSalle Stock Performance

NYSE JLL opened at $366.59 on Tuesday. 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 stock’s 50 day simple moving average is $345.73 and its 200-day simple moving average is $320.75. The company has a market cap of $16.87 billion, a PE ratio of 17.57 and a beta of 1.24. 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 issued its quarterly earnings results on Thursday, July 30th. The financial services provider reported $5.26 EPS for the quarter, topping 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 firm had revenue of $6.93 billion during the quarter, compared to analysts’ expectations of $6.88 billion. During the same period in the previous year, the business earned $3.30 earnings per share. The firm’s revenue for the quarter was up 10.8% on a year-over-year basis. As a group, equities research analysts anticipate that Jones Lang LaSalle Incorporated will post 24.59 EPS for the current fiscal year.

Wall Street Analyst Weigh In

Several analysts have commented on JLL shares. Barclays raised their price objective 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. Weiss Ratings upgraded Jones Lang LaSalle from a “buy (b-)” rating to a “buy (b)” rating in a research report on Tuesday, August 18th. Keefe, Bruyette & Woods boosted their price target 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. Raymond James Financial restated a “strong-buy” rating and set a $500.00 price objective on shares of Jones Lang LaSalle in a research report on Thursday, July 30th. Finally, Zacks Research downgraded shares of Jones Lang LaSalle from a “strong-buy” rating to a “hold” rating in a report on Thursday, July 23rd. One equities research analyst has rated the stock with a Strong Buy rating, four have given a Buy rating and two have issued a Hold rating to the stock. According to data from MarketBeat.com, Jones Lang LaSalle presently has a consensus rating of “Moderate Buy” and a consensus target price of $433.60.

Insider Buying and Selling at Jones Lang LaSalle

In other news, Director Larry Quinlan sold 402 shares of the firm’s stock in a transaction dated Friday, June 12th. The shares were sold at an average price of $301.73, for a total value of $121,295.46. Following the transaction, the director directly owned 4,369 shares of the company’s stock, valued at approximately $1,318,258.37. This trade represents a 8.43% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CEO Christian Ulbrich sold 2,000 shares of the company’s stock in a transaction dated Thursday, August 20th. The shares were sold at an average price of $385.53, for a total transaction of $771,060.00. Following the sale, the chief executive officer directly owned 138,418 shares of the company’s stock, valued at approximately $53,364,291.54. This represents a 1.42% decrease in their position. 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. In the last ninety days, insiders have sold 6,805 shares of company stock worth $2,511,297. 0.91% of the stock is currently owned by corporate insiders.

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.