Global Retirement Partners LLC Invests $453,000 in Jones Lang LaSalle Incorporated $JLL

by · The Markets Daily

Global Retirement Partners LLC bought a new stake in Jones Lang LaSalle Incorporated (NYSE:JLL – Free Report) in the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund bought 1,460 shares of the financial services provider’s stock, valued at approximately $453,000.

Other institutional investors and hedge funds have also modified their holdings of the company. Bank of New York Mellon Corp bought a new position in Jones Lang LaSalle during the second quarter worth about $87,669,000. State of Wyoming bought a new stake in Jones Lang LaSalle in the 2nd quarter valued at about $240,000. GSA Capital Partners LLP acquired a new position in shares of Jones Lang LaSalle during the 2nd quarter worth approximately $378,000. Fiduciary Financial Group LLC bought a new position in shares of Jones Lang LaSalle during the second quarter worth approximately $301,000. Finally, Handelsbanken Fonder AB increased its holdings in shares of Jones Lang LaSalle by 1.5% during the second quarter. Handelsbanken Fonder AB now owns 13,678 shares of the financial services provider’s stock worth $4,239,000 after purchasing an additional 200 shares during the period. 94.80% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity at Jones Lang LaSalle

In other Jones Lang LaSalle news, CEO Christian Ulbrich sold 2,000 shares of the firm’s stock in a transaction that occurred on Tuesday, August 18th. The shares were sold at an average price of $375.00, for a total value of $750,000.00. Following the sale, the chief executive officer owned 144,418 shares in the company, valued at $54,156,750. This trade represents a 1.37% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director Larry Quinlan sold 402 shares of the company’s stock in a transaction on Friday, June 12th. The stock was sold at an average price of $301.73, for a total transaction of $121,295.46. Following the transaction, the director owned 4,369 shares of the company’s stock, valued at $1,318,258.37. This trade represents a 8.43% decrease in their ownership of the stock. 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 have sold a total of 4,805 shares of company stock worth $1,740,237 over the last ninety days. 0.91% of the stock is currently owned by insiders.

Jones Lang LaSalle Stock Up 5.1%

Shares of JLL opened at $389.86 on Thursday. The firm has a 50 day simple moving average of $332.19 and a two-hundred day simple moving average of $318.51. 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 one year low of $259.83 and a one year high of $393.84. The company has a market cap of $17.94 billion, a P/E ratio of 18.68 and a beta of 1.25.

Jones Lang LaSalle (NYSE:JLL – Get Free Report) last posted its quarterly earnings results on Thursday, July 30th. The financial services provider reported $5.26 EPS for the quarter, topping analysts’ consensus estimates of $4.56 by $0.70. The company had revenue of $6.93 billion during the quarter, compared to analysts’ expectations of $6.88 billion. Jones Lang LaSalle had a return on equity of 13.99% and a net margin of 3.64%.Jones Lang LaSalle’s revenue was up 10.8% on a year-over-year basis. During the same quarter in the previous year, the firm earned $3.30 EPS. Research analysts forecast that Jones Lang LaSalle Incorporated will post 24.18 EPS for the current fiscal year.

Analysts Set New Price Targets

Several equities research analysts recently issued reports on the company. UBS Group boosted their price target on Jones Lang LaSalle from $425.00 to $445.00 and gave the company a “buy” rating in a research note on Wednesday, April 22nd. Keefe, Bruyette & Woods lifted their price objective on Jones Lang LaSalle from $375.00 to $415.00 and gave the company an “outperform” rating in a report on Monday, August 3rd. Weiss Ratings raised Jones Lang LaSalle from a “buy (b-)” rating to a “buy (b)” rating in a report on Tuesday. Barclays raised their price target on Jones Lang LaSalle from $368.00 to $401.00 and gave the stock an “equal weight” rating in a research report on Monday. Finally, Raymond James Financial reaffirmed a “strong-buy” rating and issued a $500.00 price target on shares of Jones Lang LaSalle in a research note on Thursday, July 30th. One investment 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 stock. According to MarketBeat, Jones Lang LaSalle has an average rating of “Moderate Buy” and a consensus price target of $423.33.

Get Our Latest Stock Report on Jones Lang LaSalle

Jones Lang LaSalle Company Profile

(Free Report)

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.

Featured Articles

Want to see what other hedge funds are holding JLL? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Jones Lang LaSalle Incorporated (NYSE:JLL – Free Report).