Jones Lang LaSalle Incorporated (NYSE:JLL) Shares Acquired by LPL Financial LLC

Key Points

• LPL Financial LLC has increased its holdings in Jones Lang LaSalle Incorporated (NYSE:JLL) by 94.0%, owning 23,833 shares worth approximately $5.9 million after acquiring an additional 11,548 shares.
• Several other large investors have also boosted their stakes in Jones Lang LaSalle, with institutional investors currently owning 94.80% of the stock.
• Analysts have varying outlooks on the stock, with upgrades from several firms, raising price targets and overall rating to "Moderate Buy" with an average target price of $312.43.

LPL Financial LLC grew its stake in shares of Jones Lang LaSalle Incorporated (NYSE:JLL - Free Report) by 94.0% in the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 23,833 shares of the financial services provider's stock after acquiring an additional 11,548 shares during the period. LPL Financial LLC owned about 0.05% of Jones Lang LaSalle worth $5,908,000 at the end of the most recent reporting period.

Several other institutional investors also recently bought and sold shares of JLL. HB Wealth Management LLC acquired a new stake in Jones Lang LaSalle during the first quarter worth about $208,000. Skandinaviska Enskilda Banken AB publ bought a new position in shares of Jones Lang LaSalle during the 1st quarter valued at $521,000. Assetmark Inc. lifted its stake in shares of Jones Lang LaSalle by 56,614.7% in the 1st quarter. Assetmark Inc. now owns 19,283 shares of the financial services provider's stock valued at $4,780,000 after purchasing an additional 19,249 shares during the last quarter. Cetera Investment Advisers raised its holdings in Jones Lang LaSalle by 70.3% in the 1st quarter. Cetera Investment Advisers now owns 12,805 shares of the financial services provider's stock worth $3,174,000 after acquiring an additional 5,284 shares during the period. Finally, Avantax Advisory Services Inc. increased its holdings in shares of Jones Lang LaSalle by 15.4% during the 1st quarter. Avantax Advisory Services Inc. now owns 1,194 shares of the financial services provider's stock worth $296,000 after purchasing an additional 159 shares during the period. 94.80% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of equities analysts have recently issued reports on JLL shares. UBS Group upped their target price 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. JMP Securities began coverage on shares of Jones Lang LaSalle in a research report on Monday, July 21st. They set a "market perform" rating for the company. Citizens Jmp started coverage on shares of Jones Lang LaSalle in a report on Monday, July 21st. They set a "market perform" rating for the company. The Goldman Sachs Group increased their price target on shares of Jones Lang LaSalle from $338.00 to $378.00 and gave the company a "buy" rating in a research note on Wednesday. Finally, 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. Three analysts have rated the stock with a hold rating, six have assigned a buy rating and one has given a strong buy rating to the company's stock. According to data from MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and an average target price of $316.14.

Insider Activity

In other news, CEO Andrew W. Poppink sold 275 shares of the company'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 directly owned 10,297 shares of the company's stock, valued at approximately $2,450,377.09. This represents a 2.60% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Corporate insiders own 0.91% of the company's stock.

Jones Lang LaSalle Stock Up 0.4%

Shares of Jones Lang LaSalle stock traded up $1.08 during trading on Friday, hitting $294.71. 377,426 shares of the stock traded hands, compared to its average volume of 461,633. Jones Lang LaSalle Incorporated has a 52-week low of $194.36 and a 52-week high of $298.39. The company has a current ratio of 2.35, a quick ratio of 2.35 and a debt-to-equity ratio of 0.16. The firm has a market cap of $13.96 billion, a P/E ratio of 25.34 and a beta of 1.38. The stock's fifty day simple moving average is $258.67 and its 200 day simple moving average is $248.47.

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

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.