Advisors Capital Management LLC Purchases Shares of 31,385 Jones Lang LaSalle Incorporated $JLL

Advisors Capital Management LLC bought a new stake in Jones Lang LaSalle Incorporated (NYSE:JLL - Free Report) during the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm bought 31,385 shares of the financial services provider's stock, valued at approximately $9,728,000. Advisors Capital Management LLC owned approximately 0.07% of Jones Lang LaSalle as of its most recent SEC filing.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Integrated Wealth Concepts LLC purchased a new position in shares of Jones Lang LaSalle during the first quarter worth about $546,000. Empowered Funds LLC lifted its stake in Jones Lang LaSalle by 203.1% in the first quarter. Empowered Funds LLC now owns 4,046 shares of the financial services provider's stock valued at $1,003,000 after buying an additional 2,711 shares during the last quarter. EverSource Wealth Advisors LLC boosted its holdings in shares of Jones Lang LaSalle by 33.8% in the second quarter. EverSource Wealth Advisors LLC now owns 499 shares of the financial services provider's stock valued at $128,000 after acquiring an additional 126 shares during the period. Cresset Asset Management LLC grew its position in shares of Jones Lang LaSalle by 28.4% during the second quarter. Cresset Asset Management LLC now owns 1,673 shares of the financial services provider's stock worth $428,000 after acquiring an additional 370 shares during the last quarter. Finally, Frontier Capital Management Co. LLC acquired a new position in shares of Jones Lang LaSalle in the 2nd quarter valued at $211,000. Institutional investors and hedge funds own 94.80% of the company's stock.

Analyst Upgrades and Downgrades

Several brokerages recently weighed in on JLL. Zacks Research downgraded Jones Lang LaSalle from a "strong-buy" rating to a "hold" rating in a report on Thursday, July 23rd. Raymond James Financial reaffirmed a "strong-buy" rating and issued a $500.00 target price on shares of Jones Lang LaSalle in a report on Thursday, July 30th. Barclays increased their price target on shares of Jones Lang LaSalle from $368.00 to $401.00 and gave the stock an "equal weight" rating in a report on Monday. Keefe, Bruyette & Woods raised their price target on Jones Lang LaSalle from $375.00 to $415.00 and gave the company an "outperform" rating in a report on Monday, August 3rd. Finally, Weiss Ratings upgraded Jones Lang LaSalle from a "buy (b-)" rating to a "buy (b)" rating in a research report on Tuesday. One equities research analyst has rated the stock with a Strong Buy rating, five have assigned a Buy rating and two have issued a Hold rating to the company's stock. According to data from MarketBeat, the company has an average rating of "Moderate Buy" and an average target price of $423.33.

Insider Activity

In other news, CEO Christian Ulbrich sold 2,000 shares of Jones Lang LaSalle stock in a transaction dated Thursday, August 20th. The shares were 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 140,418 shares in the company, valued at $54,135,351.54. The trade was a 1.40% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director Larry Quinlan sold 403 shares of the business's stock in a transaction that occurred on Friday, June 5th. The shares were sold at an average price of $295.14, for a total transaction of $118,941.42. Following the completion of the transaction, the director directly 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 disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders sold a total of 6,805 shares of company stock valued at $2,511,297 in the last three months. 0.91% of the stock is currently owned by corporate insiders.

Jones Lang LaSalle Trading Down 1.4%

Shares of JLL stock opened at $384.84 on Friday. The stock has a market cap of $17.71 billion, a P/E ratio of 18.44 and a beta of 1.25. The company has a quick ratio of 2.40, a current ratio of 2.40 and a debt-to-equity ratio of 0.15. Jones Lang LaSalle Incorporated has a fifty-two week low of $259.83 and a fifty-two week high of $393.84. The business has a fifty day simple moving average of $333.92 and a 200-day simple moving average of $318.70.

Jones Lang LaSalle (NYSE:JLL - Get Free Report) last issued its quarterly earnings data on Thursday, July 30th. The financial services provider reported $5.26 earnings per share for the quarter, topping analysts' consensus estimates of $4.56 by $0.70. The business 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 revenue was up 10.8% on a year-over-year basis. During the same period last year, the company posted $3.30 EPS. On average, analysts forecast that Jones Lang LaSalle Incorporated will post 24.18 earnings per share for the current fiscal 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.

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