Perryman Financial Advisory Inc. AD Buys New Shares in Jones Lang LaSalle Incorporated $JLL

Perryman Financial Advisory Inc. AD bought a new stake in shares of Jones Lang LaSalle Incorporated (NYSE:JLL) in the 4th quarter, HoldingsChannel reports. The firm bought 7,215 shares of the financial services provider’s stock, valued at approximately $2,428,000.

Several other institutional investors and hedge funds have also added to or reduced their stakes in JLL. M&T Bank Corp raised its holdings in shares of Jones Lang LaSalle by 184,969.0% during the fourth quarter. M&T Bank Corp now owns 3,864,241 shares of the financial services provider’s stock valued at $1,300,201,000 after acquiring an additional 3,862,153 shares during the period. Norges Bank acquired a new stake in shares of Jones Lang LaSalle during the fourth quarter valued at approximately $194,950,000. Eurizon Capital SGR S.p.A. acquired a new stake in shares of Jones Lang LaSalle during the fourth quarter valued at approximately $132,263,000. Millennium Management LLC raised its holdings in shares of Jones Lang LaSalle by 4,285.3% during the third quarter. Millennium Management LLC now owns 350,821 shares of the financial services provider’s stock valued at $104,643,000 after acquiring an additional 342,821 shares during the period. Finally, Milford Funds Ltd. acquired a new stake in shares of Jones Lang LaSalle during the fourth quarter valued at approximately $86,117,000. 94.80% of the stock is owned by institutional investors and hedge funds.

Insider Activity at Jones Lang LaSalle

In other news, CEO Richard Bloxam sold 5,440 shares of the stock in a transaction on Tuesday, March 24th. The shares were sold at an average price of $296.94, for a total transaction of $1,615,353.60. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, Director Larry Quinlan sold 403 shares of the stock in a transaction on Friday, June 5th. The stock was sold at an average price of $295.14, for a total transaction of $118,941.42. Following the transaction, the director owned 4,771 shares in the company, valued at approximately $1,408,112.94. This trade represents a 7.79% decrease in their position. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. 0.91% of the stock is currently owned by corporate insiders.

Wall Street Analysts Forecast Growth

A number of research firms have recently issued reports on JLL. Weiss Ratings lowered shares of Jones Lang LaSalle from a “buy (b)” rating to a “buy (b-)” rating in a report on Thursday, May 28th. Zacks Research lowered shares of Jones Lang LaSalle from a “strong-buy” rating to a “hold” rating in a report on Friday, April 24th. UBS Group boosted their price target on shares of Jones Lang LaSalle from $425.00 to $445.00 and gave the company a “buy” rating in a report on Wednesday, April 22nd. Barclays boosted their price target on shares of Jones Lang LaSalle from $348.00 to $366.00 and gave the company an “equal weight” rating in a report on Wednesday, May 13th. Finally, Keefe, Bruyette & Woods cut their price target on shares of Jones Lang LaSalle from $405.00 to $380.00 and set an “outperform” rating on the stock in a report on Tuesday, February 24th. Five investment analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company’s stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $394.00.

Jones Lang LaSalle Stock Down 0.2%

Jones Lang LaSalle stock opened at $299.31 on Monday. The firm has a market cap of $13.89 billion, a PE ratio of 16.09 and a beta of 1.29. The company has a debt-to-equity ratio of 0.15, a quick ratio of 2.35 and a current ratio of 2.35. The firm’s 50 day moving average price is $311.99 and its two-hundred day moving average price is $320.98. Jones Lang LaSalle Incorporated has a twelve month low of $233.14 and a twelve month high of $363.06.

Jones Lang LaSalle (NYSE:JLL) last released its quarterly earnings data on Thursday, April 30th. The financial services provider reported $3.43 earnings per share for the quarter, beating the consensus estimate of $3.01 by $0.42. The firm had revenue of $6.39 billion for the quarter, compared to analyst estimates of $6 billion. Jones Lang LaSalle had a net margin of 3.35% and a return on equity of 13.01%. The company’s revenue for the quarter was up 11.1% compared to the same quarter last year. During the same quarter in the prior year, the business earned $2.31 EPS. On average, research analysts predict that Jones Lang LaSalle Incorporated will post 22.8 EPS for the current fiscal 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.