Jones Lang LaSalle Incorporated $JLL Shares Bought by Vestcor Inc

Vestcor Inc boosted its stake in shares of Jones Lang LaSalle Incorporated (NYSE:JLL) by 67.5% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 6,501 shares of the financial services provider’s stock after buying an additional 2,619 shares during the quarter. Vestcor Inc’s holdings in Jones Lang LaSalle were worth $2,187,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in the stock. Sunbelt Securities Inc. acquired a new stake in shares of Jones Lang LaSalle in the third quarter valued at approximately $25,000. International Assets Investment Management LLC acquired a new stake in shares of Jones Lang LaSalle in the fourth quarter valued at approximately $29,000. Activest Wealth Management grew its position in shares of 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 valued at $31,000 after purchasing an additional 86 shares during the last quarter. True Wealth Design LLC lifted its stake in shares of Jones Lang LaSalle by 13,200.0% during the fourth quarter. True Wealth Design LLC now owns 133 shares of the financial services provider’s stock valued at $45,000 after buying an additional 132 shares during the period. Finally, Bayforest Capital Ltd purchased a new position in shares of Jones Lang LaSalle during the fourth quarter valued at approximately $55,000. 94.80% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several brokerages recently issued reports on JLL. 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. 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 research note on Tuesday, February 24th. UBS Group increased their price target 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. Barclays increased their price target on shares of Jones Lang LaSalle from $348.00 to $366.00 and gave the stock an “equal weight” rating in a research note on Wednesday, May 13th. Finally, Weiss Ratings downgraded shares of Jones Lang LaSalle from a “buy (b)” rating to a “buy (b-)” rating in a research note on Thursday, May 28th. Five research analysts have rated the stock with a Buy rating and three have given a Hold rating to the company’s stock. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $394.00.

Insider Buying and Selling at Jones Lang LaSalle

In other news, Director Deborah H. Mcaneny sold 2,500 shares of the stock in a transaction on Tuesday, March 10th. The shares were sold at an average price of $300.50, for a total value of $751,250.00. Following the completion of the sale, the director owned 14,985 shares of the company’s stock, valued at $4,502,992.50. This represents a 14.30% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, 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 SEC filing for this sale provides additional information. 0.91% of the stock is owned by corporate insiders.

Jones Lang LaSalle Price Performance

Jones Lang LaSalle stock opened at $295.76 on Monday. Jones Lang LaSalle Incorporated has a 52-week low of $228.48 and a 52-week high of $363.06. The firm has a fifty day moving average of $312.04 and a 200-day moving average of $321.25. The firm has a market capitalization of $13.72 billion, a P/E ratio of 15.90 and a beta of 1.29. The company has a quick ratio of 2.35, a current ratio of 2.35 and a debt-to-equity ratio of 0.15.

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 (EPS) for the quarter, topping the consensus estimate of $3.01 by $0.42. Jones Lang LaSalle had a net margin of 3.35% and a return on equity of 13.01%. The company had revenue of $6.39 billion during the quarter, compared to analyst estimates of $6 billion. During the same quarter in the prior year, the business earned $2.31 earnings per share. The business’s quarterly revenue was up 11.1% compared to the same quarter last year. As a group, analysts predict that Jones Lang LaSalle Incorporated will post 22.8 EPS for the current 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.