28,628 Shares in Jones Lang LaSalle Incorporated $JLL Bought by Delta Global Management LP

Delta Global Management LP purchased a new position in Jones Lang LaSalle Incorporated (NYSE:JLL) during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor purchased 28,628 shares of the financial services provider’s stock, valued at approximately $9,632,000.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in JLL. Integrated Wealth Concepts LLC purchased a new stake in Jones Lang LaSalle in the first quarter worth $546,000. Empowered Funds LLC raised its position in shares of 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 worth $1,003,000 after purchasing an additional 2,711 shares during the last quarter. EverSource Wealth Advisors LLC raised its position in shares of 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 worth $128,000 after purchasing an additional 126 shares during the last quarter. Cresset Asset Management LLC raised its position in shares of Jones Lang LaSalle by 28.4% in the 2nd quarter. Cresset Asset Management LLC now owns 1,673 shares of the financial services provider’s stock worth $428,000 after purchasing an additional 370 shares during the last quarter. Finally, Frontier Capital Management Co. LLC purchased a new position in shares of Jones Lang LaSalle in the 2nd quarter worth about $211,000. 94.80% of the stock is owned by hedge funds and other institutional investors.

Insider Transactions at Jones Lang LaSalle

In other Jones Lang LaSalle news, CEO Richard Bloxam sold 5,440 shares of the stock in a transaction dated Tuesday, March 24th. The stock was sold at an average price of $296.94, for a total value of $1,615,353.60. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Also, Director Larry Quinlan sold 403 shares of the stock in a transaction dated Friday, June 5th. The shares were sold at an average price of $295.14, for a total value of $118,941.42. Following the completion of the transaction, the director directly owned 4,771 shares in the company, valued at approximately $1,408,112.94. This represents a 7.79% 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. 0.91% of the stock is currently owned by corporate insiders.

Jones Lang LaSalle Trading Down 0.7%

Jones Lang LaSalle stock opened at $297.99 on Tuesday. Jones Lang LaSalle Incorporated has a one year low of $233.14 and a one year high of $363.06. The business’s fifty day moving average is $311.83 and its 200 day moving average is $320.75. The company has a debt-to-equity ratio of 0.15, a current ratio of 2.35 and a quick ratio of 2.35. The stock has a market capitalization of $13.82 billion, a PE ratio of 16.02 and a beta of 1.29.

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

Analyst Upgrades and Downgrades

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

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.