NFJ Investment Group LLC Makes New Investment in Jones Lang LaSalle Incorporated $JLL

NFJ Investment Group LLC purchased a new stake in shares of Jones Lang LaSalle Incorporated (NYSE:JLL) in the 2nd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor purchased 45,136 shares of the financial services provider’s stock, valued at approximately $13,990,000. NFJ Investment Group LLC owned about 0.10% of Jones Lang LaSalle as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. Integrated Wealth Concepts LLC acquired a new position in shares of Jones Lang LaSalle during the first quarter worth $546,000. Empowered Funds LLC increased its position in Jones Lang LaSalle by 203.1% during the 1st quarter. Empowered Funds LLC now owns 4,046 shares of the financial services provider’s stock valued at $1,003,000 after buying an additional 2,711 shares in the last quarter. EverSource Wealth Advisors LLC raised its stake in Jones Lang LaSalle by 33.8% in the second quarter. EverSource Wealth Advisors LLC now owns 499 shares of the financial services provider’s stock valued at $128,000 after buying an additional 126 shares during the last quarter. Cresset Asset Management LLC boosted its holdings 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 worth $428,000 after acquiring an additional 370 shares in the last quarter. Finally, Frontier Capital Management Co. LLC purchased a new stake in shares of Jones Lang LaSalle during the second quarter worth about $211,000. Hedge funds and other institutional investors own 94.80% of the company’s stock.

Jones Lang LaSalle Stock Down 1.4%

NYSE:JLL 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’s fifty day moving average price is $333.92 and its 200-day moving average price is $318.70. Jones Lang LaSalle Incorporated has a 1-year low of $259.83 and a 1-year high of $393.84. The firm has a market capitalization of $17.71 billion, a P/E ratio of 18.44 and a beta of 1.25.

Jones Lang LaSalle (NYSE:JLL) last posted its earnings results on Thursday, July 30th. The financial services provider reported $5.26 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $4.56 by $0.70. Jones Lang LaSalle had a net margin of 3.64% and a return on equity of 13.99%. The company had revenue of $6.93 billion during the quarter, compared to the consensus estimate of $6.88 billion. During the same period in the previous year, the firm posted $3.30 earnings per share. The firm’s quarterly 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 EPS for the current year.

Insider Activity

In other news, Director Larry Quinlan sold 403 shares of the business’s stock in a transaction dated Friday, June 5th. The stock was sold at an average price of $295.14, for a total value of $118,941.42. Following the completion of the transaction, the director owned 4,771 shares of the company’s stock, valued at $1,408,112.94. The trade was a 7.79% decrease in their position. The sale was disclosed in a filing with the SEC, which is available through the SEC website. 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 in the company, valued at approximately $54,135,351.54. This trade represents a 1.40% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. In the last three months, insiders sold 6,805 shares of company stock valued at $2,511,297. Insiders own 0.91% of the company’s stock.

Wall Street Analyst Weigh In

JLL has been the subject of several research analyst reports. Barclays increased their price objective on shares of 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 restated a “strong-buy” rating and set a $500.00 price target on shares of Jones Lang LaSalle in a research note on Thursday, July 30th. Weiss Ratings upgraded shares of Jones Lang LaSalle from a “buy (b-)” rating to a “buy (b)” rating in a research note on Tuesday. Zacks Research downgraded Jones Lang LaSalle from a “strong-buy” rating to a “hold” rating in a research note on Thursday, July 23rd. Finally, Keefe, Bruyette & Woods increased their price objective on Jones Lang LaSalle from $375.00 to $415.00 and gave the company an “outperform” rating in a report on Monday, August 3rd. One investment analyst has rated the stock with a Strong Buy rating, five have given a Buy rating and two have issued a Hold rating to the company. According to MarketBeat.com, Jones Lang LaSalle presently has a consensus rating of “Moderate Buy” and an average target price of $423.33.

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.