Corient Private Wealth LP Sells 23,148 Shares of Jones Lang LaSalle Incorporated $JLL

Corient Private Wealth LP lowered its stake in shares of Jones Lang LaSalle Incorporated (NYSE:JLL - Free Report) by 30.9% during the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 51,838 shares of the financial services provider's stock after selling 23,148 shares during the quarter. Corient Private Wealth LP owned about 0.11% of Jones Lang LaSalle worth $16,067,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors have also recently made changes to their positions in the company. BlackRock Inc. purchased a new position in Jones Lang LaSalle during the second quarter valued at $1,446,414,000. Norges Bank purchased a new position in shares of Jones Lang LaSalle during the fourth quarter valued at approximately $194,950,000. Eurizon Capital SGR S.p.A. purchased a new stake in Jones Lang LaSalle during the 4th quarter valued at $132,263,000. Principal Financial Group Inc. lifted its holdings in shares of Jones Lang LaSalle by 279.6% during the 1st quarter. Principal Financial Group Inc. now owns 429,418 shares of the financial services provider's stock valued at $130,683,000 after buying an additional 316,299 shares during the period. Finally, Bank of New York Mellon Corp purchased a new stake in Jones Lang LaSalle during the second quarter valued at $87,669,000. Institutional investors own 94.80% of the company's stock.

Jones Lang LaSalle Price Performance

NYSE:JLL opened at $340.66 on Wednesday. The firm has a market capitalization of $15.67 billion, a price-to-earnings ratio of 16.32 and a beta of 1.24. The company has a debt-to-equity ratio of 0.15, a current ratio of 2.40 and a quick ratio of 2.40. The business has a 50 day simple moving average of $353.45 and a 200-day simple moving average of $324.57. Jones Lang LaSalle Incorporated has a 1 year low of $259.83 and a 1 year high of $393.84.

Jones Lang LaSalle (NYSE:JLL - Get Free Report) last issued its quarterly earnings results on Thursday, July 30th. The financial services provider reported $5.26 earnings per share (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 the consensus estimate 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 period last year, the company earned $3.30 earnings per share. Equities analysts forecast that Jones Lang LaSalle Incorporated will post 25.05 EPS for the current year.

Analyst Ratings Changes

A number of research firms recently issued reports on JLL. Keefe, Bruyette & Woods raised their price objective 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. Barclays boosted their price objective on Jones Lang LaSalle from $368.00 to $401.00 and gave the company an "equal weight" rating in a research note on Monday, August 17th. Zacks Research downgraded shares of Jones Lang LaSalle from a "strong-buy" rating to a "hold" rating in a report on Thursday, July 23rd. 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. Finally, Raymond James Financial reissued a "strong-buy" rating and set a $500.00 price target on shares of Jones Lang LaSalle in a report on Thursday, July 30th. One research analyst has rated the stock with a Strong Buy rating, four have given a Buy rating and two have assigned a Hold rating to the company's stock. Based on data from MarketBeat, the stock currently has an average rating of "Moderate Buy" and a consensus price target of $433.60.

Insider Transactions at Jones Lang LaSalle

In other Jones Lang LaSalle news, CEO Christian Ulbrich sold 2,000 shares of the company's stock in a transaction on Thursday, August 20th. The stock was sold at an average price of $385.53, for a total value of $771,060.00. Following the transaction, the chief executive officer owned 138,418 shares of the company's stock, valued at $53,364,291.54. This represents a 1.42% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. In the last three months, insiders sold 6,000 shares of company stock worth $2,271,060. 0.91% of the stock is owned by insiders.

Jones Lang LaSalle Profile

Jones Lang LaSalle Incorporated NYSE: JLL, operating under the JLL brand, is a global commercial real estate services and investment management company. It advises property owners, occupiers, investors and developers across the real estate lifecycle, with services that include leasing, capital markets, investment sales and acquisitions, valuation and advisory, research, development consulting, and property and facilities management.

JLL also provides project and development management, workplace strategy, sustainability consulting, and technology-enabled real estate solutions.

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