9,039 Shares in Jones Lang LaSalle Incorporated $JLL Bought by Evolve Private Wealth LLC

Evolve Private Wealth LLC purchased a new stake in shares of Jones Lang LaSalle Incorporated (NYSE:JLL) in the 4th quarter, Holdings Channel reports. The fund purchased 9,039 shares of the financial services provider’s stock, valued at approximately $3,041,000.

A number of other institutional investors and hedge funds also recently made changes to their positions in the business. Integrated Wealth Concepts LLC purchased a new position in shares of Jones Lang LaSalle during the 1st quarter worth $546,000. Empowered Funds LLC increased its stake 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 in the last quarter. EverSource Wealth Advisors LLC raised its holdings in 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 period. Cresset Asset Management LLC lifted its position in Jones Lang LaSalle by 28.4% during the second quarter. Cresset Asset Management LLC now owns 1,673 shares of the financial services provider’s stock valued at $428,000 after purchasing an additional 370 shares in the last quarter. Finally, Frontier Capital Management Co. LLC bought a new stake in Jones Lang LaSalle during the second quarter valued at about $211,000. Hedge funds and other institutional investors own 94.80% of the company’s stock.

Insider Transactions at Jones Lang LaSalle

In related news, CEO Richard Bloxam sold 5,440 shares of the stock in a transaction that occurred 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 sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Larry Quinlan sold 402 shares of Jones Lang LaSalle stock in a transaction that occurred on Friday, June 12th. The stock was sold at an average price of $301.73, for a total value of $121,295.46. Following the completion of the sale, the director directly owned 4,369 shares in the company, valued at approximately $1,318,258.37. The trade was a 8.43% 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. Insiders sold 6,245 shares of company stock worth $1,855,590 over the last quarter. 0.91% of the stock is owned by company insiders.

Jones Lang LaSalle Price Performance

JLL stock opened at $297.94 on Thursday. 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 company’s fifty day moving average price is $311.60 and its 200-day moving average price is $320.32. Jones Lang LaSalle Incorporated has a one year low of $233.71 and a one year high of $363.06. The company 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 announced its quarterly earnings results on Thursday, April 30th. The financial services provider reported $3.43 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates 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 for the quarter, compared to the consensus estimate of $6 billion. During the same period in the previous year, the firm posted $2.31 EPS. Jones Lang LaSalle’s revenue for the quarter was up 11.1% compared to the same quarter last year. On average, equities analysts anticipate that Jones Lang LaSalle Incorporated will post 22.8 EPS for the current fiscal year.

Wall Street Analyst Weigh In

JLL has been the topic of a number of analyst reports. Weiss Ratings cut Jones Lang LaSalle from a “buy (b)” rating to a “buy (b-)” rating in a research report on Thursday, May 28th. Barclays raised their target price 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. UBS Group upped 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 report on Wednesday, April 22nd. Keefe, Bruyette & Woods reduced their price objective on shares of Jones Lang LaSalle from $405.00 to $380.00 and set an “outperform” rating for the company in a research note on Tuesday, February 24th. Finally, Zacks Research downgraded shares of Jones Lang LaSalle from a “strong-buy” rating to a “hold” rating in a report on Friday, April 24th. Five equities research analysts have rated the stock with a Buy rating and three have given a Hold rating to the stock. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average price target 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.