Northwestern Mutual Wealth Management Co. Makes New $770,000 Investment in Jones Lang LaSalle Incorporated $JLL

Northwestern Mutual Wealth Management Co. purchased a new stake in Jones Lang LaSalle Incorporated (NYSE:JLL) during the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm purchased 2,485 shares of the financial services provider’s stock, valued at approximately $770,000.

Other hedge funds and other institutional investors also recently modified their holdings of the company. BlackRock Inc. bought a new stake in Jones Lang LaSalle during the second quarter valued at approximately $1,446,414,000. Price T Rowe Associates Inc. MD increased its holdings in shares of Jones Lang LaSalle by 17.8% in the 4th quarter. Price T Rowe Associates Inc. MD now owns 1,180,514 shares of the financial services provider’s stock worth $397,209,000 after buying an additional 178,677 shares during the last quarter. Swedbank AB raised its position in shares of Jones Lang LaSalle by 0.5% during the 4th quarter. Swedbank AB now owns 993,742 shares of the financial services provider’s stock valued at $334,364,000 after buying an additional 4,543 shares in the last quarter. Geode Capital Management LLC lifted its holdings in shares of Jones Lang LaSalle by 1.6% during the 4th quarter. Geode Capital Management LLC now owns 990,836 shares of the financial services provider’s stock worth $333,451,000 after acquiring an additional 15,995 shares during the last quarter. Finally, AQR Capital Management LLC increased its stake in Jones Lang LaSalle by 426.7% in the fourth quarter. AQR Capital Management LLC now owns 899,625 shares of the financial services provider’s stock valued at $302,697,000 after acquiring an additional 728,824 shares during the last quarter. Hedge funds and other institutional investors own 94.80% of the company’s stock.

Insider Transactions at Jones Lang LaSalle

In other news, Director Larry Quinlan sold 403 shares of the stock in a transaction that occurred on Friday, June 5th. The stock was sold at an average price of $295.14, for a total value of $118,941.42. Following the completion of the transaction, the director owned 4,771 shares of the company’s stock, valued at approximately $1,408,112.94. This represents a 7.79% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CEO Christian Ulbrich sold 2,000 shares of the firm’s stock in a transaction that occurred on Thursday, August 20th. The shares were sold at an average price of $385.53, for a total value of $771,060.00. Following the completion of the transaction, the chief executive officer owned 138,418 shares of the company’s stock, valued at approximately $53,364,291.54. The trade was a 1.42% decrease in their position. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Over the last three months, insiders sold 6,805 shares of company stock valued at $2,511,297. 0.91% of the stock is owned by insiders.

Analyst Upgrades and Downgrades

JLL has been the subject of a number of research reports. Zacks Research cut Jones Lang LaSalle from a “strong-buy” rating to a “hold” rating in a report on Thursday, July 23rd. Barclays boosted their target price on Jones Lang LaSalle from $368.00 to $401.00 and gave the stock an “equal weight” rating in a research report on Monday, August 17th. Weiss Ratings upgraded shares of Jones Lang LaSalle from a “buy (b-)” rating to a “buy (b)” rating in a research report on Tuesday, August 18th. Keefe, Bruyette & Woods lifted their price target on shares of Jones Lang LaSalle from $375.00 to $415.00 and gave the stock an “outperform” rating in a research note on Monday, August 3rd. Finally, Raymond James Financial reaffirmed a “strong-buy” rating and issued a $500.00 price objective on shares of Jones Lang LaSalle in a research note on Thursday, July 30th. One analyst has rated the stock with a Strong Buy rating, four have assigned a Buy rating and two have given a Hold rating to the stock. According to MarketBeat, Jones Lang LaSalle has a consensus rating of “Moderate Buy” and a consensus price target of $433.60.

Jones Lang LaSalle Stock Down 1.8%

Shares of Jones Lang LaSalle stock opened at $385.60 on Thursday. The company has a current ratio of 2.40, a quick ratio of 2.40 and a debt-to-equity ratio of 0.15. Jones Lang LaSalle Incorporated has a 12-month low of $259.83 and a 12-month high of $393.84. The company has a market cap of $17.74 billion, a P/E ratio of 18.48 and a beta of 1.25. The company’s fifty day simple moving average is $341.03 and its two-hundred day simple moving average is $320.12.

Jones Lang LaSalle (NYSE:JLL) last posted its earnings results on Thursday, July 30th. The financial services provider reported $5.26 EPS for the quarter, topping the consensus estimate of $4.56 by $0.70. The firm had revenue of $6.93 billion during the quarter, compared to analysts’ expectations of $6.88 billion. Jones Lang LaSalle had a net margin of 3.64% and a return on equity of 13.99%. The company’s quarterly revenue was up 10.8% compared to the same quarter last year. During the same period last year, the company posted $3.30 EPS. Research analysts anticipate that Jones Lang LaSalle Incorporated will post 24.59 EPS for the current year.

About Jones Lang LaSalle

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.