Crown Advisors Management Inc. Takes Position in Jones Lang LaSalle Incorporated $JLL

Crown Advisors Management Inc. purchased a new position in shares of Jones Lang LaSalle Incorporated (NYSE:JLL) during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 5,000 shares of the financial services provider’s stock, valued at approximately $1,550,000.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the company. OneDigital Investment Advisors LLC purchased a new stake in shares of Jones Lang LaSalle during the 2nd quarter worth about $555,000. Plato Investment Management Ltd purchased a new position in shares of Jones Lang LaSalle in the 2nd quarter valued at about $225,000. Global Retirement Partners LLC acquired a new position in Jones Lang LaSalle in the 2nd quarter worth about $453,000. Bank of New York Mellon Corp purchased a new position in Jones Lang LaSalle during the second quarter worth approximately $87,669,000. Finally, State of Wyoming acquired a new stake in Jones Lang LaSalle in the second quarter valued at approximately $240,000. Hedge funds and other institutional investors own 94.80% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research analysts have recently weighed in on JLL shares. Barclays upped their target price on Jones Lang LaSalle from $366.00 to $368.00 and gave the stock an “equal weight” rating in a research note on Tuesday, July 28th. Raymond James Financial reissued a “strong-buy” rating and issued a $500.00 price target on shares of Jones Lang LaSalle in a report on Thursday, July 30th. Keefe, Bruyette & Woods upped their price objective on shares of Jones Lang LaSalle from $375.00 to $415.00 and gave the stock an “outperform” rating in a research report on Monday, August 3rd. Zacks Research downgraded shares of Jones Lang LaSalle from a “strong-buy” rating to a “hold” rating in a report on Thursday, July 23rd. Finally, Weiss Ratings cut shares of Jones Lang LaSalle from a “buy (b)” rating to a “buy (b-)” rating in a research note on Thursday, May 28th. One research analyst has rated the stock with a Strong Buy rating, five have assigned a Buy rating and two have assigned a Hold rating to the company. According to MarketBeat.com, Jones Lang LaSalle has a consensus rating of “Moderate Buy” and an average target price of $417.83.

Insider Buying and Selling at Jones Lang LaSalle

In related news, Director Larry Quinlan sold 403 shares of the business’s stock in a transaction dated Friday, June 5th. The shares were sold at an average price of $295.14, for a total transaction of $118,941.42. Following the transaction, the director directly owned 4,771 shares in the company, valued at approximately $1,408,112.94. The trade was a 7.79% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Corporate insiders own 0.91% of the company’s stock.

Jones Lang LaSalle Stock Performance

Shares of NYSE:JLL opened at $374.39 on Monday. The company has a debt-to-equity ratio of 0.15, a current ratio of 2.40 and a quick ratio of 2.40. Jones Lang LaSalle Incorporated has a 1 year low of $259.83 and a 1 year high of $375.71. The firm has a market capitalization of $17.23 billion, a PE ratio of 17.94 and a beta of 1.24. The business’s 50 day moving average price is $327.57 and its 200-day moving average price is $318.09.

Jones Lang LaSalle (NYSE:JLL) last announced its quarterly earnings data on Thursday, July 30th. The financial services provider reported $5.26 earnings per share for the quarter, beating analysts’ consensus estimates of $4.56 by $0.70. Jones Lang LaSalle had a return on equity of 13.99% and a net margin of 3.64%.The company had revenue of $6.93 billion for the quarter, compared to analyst estimates of $6.88 billion. During the same quarter last year, the firm posted $3.30 EPS. The firm’s revenue for the quarter was up 10.8% on a year-over-year basis. As a group, equities research analysts expect that Jones Lang LaSalle Incorporated will post 24.18 earnings per share for the current fiscal year.

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.