Havemeyer Place LP Invests $1.02 Million in Jones Lang LaSalle Incorporated $JLL

Havemeyer Place LP bought a new position in Jones Lang LaSalle Incorporated (NYSE:JLL) during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor bought 3,029 shares of the financial services provider’s stock, valued at approximately $1,019,000.

Several other large investors have also made changes to their positions in the company. Vestcor Inc grew its holdings in shares of Jones Lang LaSalle by 67.5% in the 4th quarter. Vestcor Inc now owns 6,501 shares of the financial services provider’s stock worth $2,187,000 after purchasing an additional 2,619 shares during the last quarter. Parallel Advisors LLC grew its holdings in Jones Lang LaSalle by 7.4% during the 4th quarter. Parallel Advisors LLC now owns 2,229 shares of the financial services provider’s stock worth $750,000 after acquiring an additional 153 shares during the last quarter. Vise Technologies Inc. bought a new stake in Jones Lang LaSalle during the 4th quarter worth about $285,000. Globeflex Capital L P bought a new stake in Jones Lang LaSalle during the 4th quarter worth about $376,000. Finally, State of Wyoming bought a new stake in Jones Lang LaSalle during the 4th quarter worth about $75,000. Institutional investors own 94.80% of the company’s stock.

Jones Lang LaSalle Stock Performance

Shares of NYSE:JLL opened at $295.76 on Monday. The company has a market capitalization of $13.72 billion, a price-to-earnings ratio of 15.90 and a beta of 1.29. The firm’s 50 day simple moving average is $312.04 and its 200 day simple moving average is $321.25. The company has a debt-to-equity ratio of 0.15, a current ratio of 2.35 and a quick ratio of 2.35. Jones Lang LaSalle Incorporated has a fifty-two week low of $228.48 and a fifty-two week high of $363.06.

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 for the quarter, beating analysts’ consensus estimates of $3.01 by $0.42. The business had revenue of $6.39 billion for the quarter, compared to the consensus estimate of $6 billion. Jones Lang LaSalle had a net margin of 3.35% and a return on equity of 13.01%. Jones Lang LaSalle’s revenue for the quarter was up 11.1% on a year-over-year basis. During the same period last year, the company posted $2.31 EPS. As a group, sell-side analysts forecast that Jones Lang LaSalle Incorporated will post 22.8 earnings per share for the current year.

Wall Street Analysts Forecast Growth

JLL has been the topic of a number of research analyst reports. UBS Group increased their price objective on shares of Jones Lang LaSalle from $425.00 to $445.00 and gave the stock a “buy” rating in a report on Wednesday, April 22nd. 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. Keefe, Bruyette & Woods decreased their price objective 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. Barclays increased their price objective on shares of Jones Lang LaSalle from $348.00 to $366.00 and gave the stock an “equal weight” rating in a report on Wednesday, May 13th. Finally, Zacks Research lowered shares of Jones Lang LaSalle from a “strong-buy” rating to a “hold” rating in a research note on Friday, April 24th. Five analysts have rated the stock with a Buy rating and three have issued a Hold rating to the stock. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $394.00.

Insider Buying and Selling

In related news, Director Deborah H. Mcaneny sold 2,500 shares of the stock in a transaction that occurred 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 sale, the director directly owned 14,985 shares in the company, valued at $4,502,992.50. This trade represents a 14.30% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, CEO Richard Bloxam sold 5,440 shares of the stock in a transaction that occurred 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 disclosure for this sale is available in the SEC filing. Company insiders own 0.91% of the company’s stock.

Jones Lang LaSalle Company 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.