Atria Wealth Solutions Inc. Takes $231,000 Position in Jones Lang LaSalle Incorporated $JLL

Key Points

• Atria Wealth Solutions Inc. has taken a new position in Jones Lang LaSalle Incorporated, purchasing 931 shares worth approximately $231,000 during the first quarter.
• Jones Lang LaSalle reported a quarterly earnings per share (EPS) of $3.30, exceeding expectations of $3.20, with quarterly revenue totaling $6.25 billion, which is an 11% increase year-over-year.
• Research analysts currently have a consensus rating of "Moderate Buy" for Jones Lang LaSalle, with a target price range reflecting potential growth in the stock's value.

Atria Wealth Solutions Inc. acquired a new position in shares of Jones Lang LaSalle Incorporated (NYSE:JLL - Free Report) in the first quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund acquired 931 shares of the financial services provider's stock, valued at approximately $231,000.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in JLL. Golden State Wealth Management LLC bought a new position in Jones Lang LaSalle during the first quarter worth $33,000. Western Pacific Wealth Management LP bought a new position in Jones Lang LaSalle during the first quarter worth $41,000. Versant Capital Management Inc boosted its position in Jones Lang LaSalle by 356.3% during the first quarter. Versant Capital Management Inc now owns 324 shares of the financial services provider's stock worth $80,000 after purchasing an additional 253 shares during the period. Farther Finance Advisors LLC boosted its position in Jones Lang LaSalle by 39.9% during the first quarter. Farther Finance Advisors LLC now owns 368 shares of the financial services provider's stock worth $91,000 after purchasing an additional 105 shares during the period. Finally, Quarry LP boosted its position in Jones Lang LaSalle by 129.9% during the fourth quarter. Quarry LP now owns 492 shares of the financial services provider's stock worth $125,000 after purchasing an additional 278 shares during the period. 94.80% of the stock is owned by institutional investors.

Jones Lang LaSalle Price Performance

JLL traded down $2.57 on Wednesday, hitting $296.68. 186,475 shares of the stock were exchanged, compared to its average volume of 407,912. Jones Lang LaSalle Incorporated has a 12 month low of $194.36 and a 12 month high of $299.29. The business has a 50-day moving average of $261.15 and a two-hundred day moving average of $248.43. The company has a debt-to-equity ratio of 0.16, a current ratio of 2.35 and a quick ratio of 2.35. The firm has a market capitalization of $14.06 billion, a price-to-earnings ratio of 25.51 and a beta of 1.38.

Jones Lang LaSalle (NYSE:JLL - Get Free Report) last issued its earnings results on Wednesday, August 6th. The financial services provider reported $3.30 EPS for the quarter, topping the consensus estimate of $3.20 by $0.10. The firm had revenue of $6.25 billion during the quarter, compared to the consensus estimate of $6.17 billion. Jones Lang LaSalle had a return on equity of 10.63% and a net margin of 2.28%.The business's quarterly revenue was up 11.0% on a year-over-year basis. During the same quarter in the previous year, the firm earned $2.55 earnings per share. Sell-side analysts forecast that Jones Lang LaSalle Incorporated will post 16.45 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

JLL has been the subject of a number of recent research reports. Citizens Jmp initiated coverage on shares of Jones Lang LaSalle in a research report on Monday, July 21st. They issued a "market perform" rating for the company. Wall Street Zen raised shares of Jones Lang LaSalle from a "hold" rating to a "buy" rating in a research report on Saturday, August 9th. The Goldman Sachs Group boosted their target price on shares of Jones Lang LaSalle from $338.00 to $378.00 and gave the company a "buy" rating in a research report on Wednesday, August 13th. JMP Securities initiated coverage on shares of Jones Lang LaSalle in a research report on Monday, July 21st. They issued a "market perform" rating for the company. Finally, UBS Group boosted their target price on shares of Jones Lang LaSalle from $305.00 to $340.00 and gave the company a "buy" rating in a research report on Wednesday, July 2nd. One investment analyst has rated the stock with a Strong Buy rating, five have assigned a Buy rating and three have given a Hold rating to the company. Based on data from MarketBeat, the stock currently has an average rating of "Moderate Buy" and a consensus target price of $316.14.

Insider Buying and Selling

In other Jones Lang LaSalle news, CEO Andrew W. Poppink sold 275 shares of the business's stock in a transaction dated Friday, June 20th. The stock was sold at an average price of $237.97, for a total transaction of $65,441.75. Following the completion of the transaction, the chief executive officer owned 10,297 shares of the company's stock, valued at approximately $2,450,377.09. The trade was a 2.60% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Insiders own 0.91% of the company's stock.

About Jones Lang LaSalle

Jones Lang LaSalle Incorporated operates as a commercial real estate and investment management company. It engages in the buying, building, occupying, managing, and investing in a commercial, industrial, hotel, residential, and retail properties in Americas, Europe, the Middle East, Africa, and the Asia Pacific.