3,198 Shares in Jones Lang LaSalle Incorporated $JLL Purchased by Beacon Pointe Advisors LLC

Beacon Pointe Advisors LLC purchased a new stake in shares of Jones Lang LaSalle Incorporated (NYSE:JLL - Free Report) in the second quarter, according to the company in its most recent filing with the SEC. The fund purchased 3,198 shares of the financial services provider's stock, valued at approximately $991,000.

Several other institutional investors and hedge funds have also recently modified their holdings of JLL. BlackRock Inc. purchased a new stake in Jones Lang LaSalle in the 2nd quarter valued at about $1,446,414,000. Price T Rowe Associates Inc. MD boosted its stake 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 grew its holdings in shares of Jones Lang LaSalle by 0.5% in the fourth quarter. Swedbank AB now owns 993,742 shares of the financial services provider's stock valued at $334,364,000 after acquiring an additional 4,543 shares in the last quarter. Geode Capital Management LLC increased its position in shares of Jones Lang LaSalle by 1.6% during the fourth quarter. Geode Capital Management LLC now owns 990,836 shares of the financial services provider's stock valued at $333,451,000 after acquiring an additional 15,995 shares during the last quarter. Finally, AQR Capital Management LLC increased its position in shares of Jones Lang LaSalle by 426.7% during 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. 94.80% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several research analysts have weighed in on the company. Barclays boosted their price objective 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. Raymond James Financial reiterated a "strong-buy" rating and set a $500.00 target price on shares of Jones Lang LaSalle in a research note on Thursday, July 30th. Keefe, Bruyette & Woods boosted their price target on shares of Jones Lang LaSalle from $375.00 to $415.00 and gave the stock an "outperform" rating in a report on Monday, August 3rd. Zacks Research cut shares of Jones Lang LaSalle from a "strong-buy" rating to a "hold" rating in a research note on Thursday, July 23rd. Finally, Weiss Ratings raised shares of Jones Lang LaSalle from a "buy (b-)" rating to a "buy (b)" rating in a research report on Tuesday, August 18th. One analyst has rated the stock with a Strong Buy rating, four have issued a Buy rating and two have given a Hold rating to the stock. Based on data from MarketBeat, the stock has an average rating of "Moderate Buy" and a consensus price target of $433.60.

Jones Lang LaSalle Price Performance

NYSE JLL opened at $366.59 on Tuesday. The company has a market cap of $16.87 billion, a PE ratio of 17.57 and a beta of 1.24. Jones Lang LaSalle Incorporated has a 52 week low of $259.83 and a 52 week high of $393.84. The company has a quick ratio of 2.40, a current ratio of 2.40 and a debt-to-equity ratio of 0.15. The firm's 50-day simple moving average is $345.73 and its two-hundred day simple moving average is $320.75.

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 earnings per share (EPS) for the quarter, beating the consensus estimate of $4.56 by $0.70. Jones Lang LaSalle had a net margin of 3.64% and a return on equity of 13.99%. The company had revenue of $6.93 billion for the quarter, compared to analyst estimates of $6.88 billion. During the same quarter in the previous year, the firm posted $3.30 earnings per share. The company's quarterly revenue was up 10.8% compared to the same quarter last year. Research analysts predict that Jones Lang LaSalle Incorporated will post 24.59 earnings per share for the current year.

Insider Transactions at Jones Lang LaSalle

In other news, Director Larry Quinlan sold 403 shares of the company's stock in a transaction dated Friday, June 5th. The stock was sold at an average price of $295.14, for a total transaction of $118,941.42. Following the sale, the director directly owned 4,771 shares in the company, valued at $1,408,112.94. This represents a 7.79% 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, CEO Christian Ulbrich sold 2,000 shares of the stock in a transaction dated Thursday, August 20th. The stock was sold at an average price of $385.53, for a total transaction of $771,060.00. Following the completion of the sale, the chief executive officer directly owned 138,418 shares in the company, valued at approximately $53,364,291.54. The trade was a 1.42% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders have sold a total of 6,805 shares of company stock valued at $2,511,297 in the last ninety days. 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.

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