CreativeOne Wealth LLC Takes $377,000 Position in Jones Lang LaSalle Incorporated $JLL

Key Points

• CreativeOne Wealth LLC made a significant investment in Jones Lang LaSalle Incorporated (JLL), purchasing 1,520 shares valued at approximately $377,000 in the first quarter of the year.
• Most of the company's stock, approximately 94.80%, is owned by institutional investors, highlighting strong institutional interest in JLL.
• JLL reported a net margin of 2.28% and a return on equity of 10.63% for the last quarter, with earnings per share exceeding analyst expectations.

CreativeOne Wealth LLC acquired a new stake in shares of Jones Lang LaSalle Incorporated (NYSE:JLL - Free Report) during the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 1,520 shares of the financial services provider's stock, valued at approximately $377,000.

Other institutional investors have also recently made changes to their positions in the company. Golden State Wealth Management LLC acquired a new stake in shares of Jones Lang LaSalle in the 1st quarter worth about $33,000. SVB Wealth LLC acquired a new stake in shares of Jones Lang LaSalle in the 1st quarter worth about $38,000. Western Pacific Wealth Management LP acquired a new stake in shares of Jones Lang LaSalle in the 1st quarter worth about $41,000. Versant Capital Management Inc raised its holdings in shares of Jones Lang LaSalle by 356.3% in the 1st quarter. Versant Capital Management Inc now owns 324 shares of the financial services provider's stock worth $80,000 after acquiring an additional 253 shares during the last quarter. Finally, Brooklyn Investment Group raised its holdings in shares of Jones Lang LaSalle by 142.1% in the 1st quarter. Brooklyn Investment Group now owns 322 shares of the financial services provider's stock worth $80,000 after acquiring an additional 189 shares during the last quarter. Institutional investors and hedge funds own 94.80% of the company's stock.

Insider Buying and Selling

In related news, CEO Andrew W. Poppink sold 275 shares of the firm's stock in a transaction that occurred on Friday, June 20th. The shares were sold at an average price of $237.97, for a total value of $65,441.75. Following the completion of the transaction, the chief executive officer directly owned 10,297 shares of the company's stock, valued at approximately $2,450,377.09. This trade represents a 2.60% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Company insiders own 0.91% of the company's stock.

Jones Lang LaSalle Stock Performance

Shares of Jones Lang LaSalle stock traded up $4.05 on Friday, reaching $311.73. 337,902 shares of the company traded hands, compared to its average volume of 426,808. Jones Lang LaSalle Incorporated has a 52 week low of $194.36 and a 52 week high of $315.14. The company has a 50 day moving average of $276.92 and a 200 day moving average of $250.59. The firm has a market capitalization of $14.77 billion, a PE ratio of 26.80 and a beta of 1.41. The company has a debt-to-equity ratio of 0.16, a current ratio of 2.35 and a quick ratio of 2.35.

Jones Lang LaSalle (NYSE:JLL - Get Free Report) last released its earnings results on Wednesday, August 6th. The financial services provider reported $3.30 earnings per share for the quarter, beating analysts' consensus estimates 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 net margin of 2.28% and a return on equity of 10.63%. The company's revenue was up 11.0% compared to the same quarter last year. During the same period in the prior year, the firm earned $2.55 EPS. Equities analysts forecast that Jones Lang LaSalle Incorporated will post 16.45 earnings per share for the current year.

Wall Street Analysts Forecast Growth

A number of equities research analysts have issued reports on JLL shares. Citigroup reduced their price objective on shares of Jones Lang LaSalle from $275.00 to $240.00 and set a "neutral" rating for the company in a research report on Wednesday, May 28th. UBS Group upped their price objective on shares of Jones Lang LaSalle from $305.00 to $340.00 and gave the stock a "buy" rating in a research report on Wednesday, July 2nd. Wall Street Zen raised shares of Jones Lang LaSalle from a "hold" rating to a "buy" rating in a research report on Sunday, August 31st. JMP Securities started 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, JPMorgan Chase & Co. upped their price objective on shares of Jones Lang LaSalle from $285.00 to $372.00 and gave the stock an "overweight" rating in a research report on Tuesday, August 26th. One research analyst has rated the stock with a Strong Buy rating, five have issued a Buy rating and three have assigned a Hold rating to the company's stock. Based on data from MarketBeat, the company currently has an average rating of "Moderate Buy" and a consensus target price of $328.57.

Jones Lang LaSalle Company Profile

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.