One Wealth Advisors LLC Makes New Investment in Jones Lang LaSalle Incorporated (NYSE:JLL)

Key Points

• One Wealth Advisors LLC has invested approximately $265,000 in Jones Lang LaSalle Incorporated (NYSE:JLL) by purchasing 1,068 shares during the first quarter.
• Several institutional investors, including HighTower Advisors LLC and Sei Investments Co., made significant increases in their holdings of JLL, indicating robust interest in the company's stock.
• The stock has recently seen upgrades from various analysts, with a consensus rating of "Moderate Buy" and an average target price of $312.43.

One Wealth Advisors LLC purchased a new position in shares of Jones Lang LaSalle Incorporated (NYSE:JLL - Free Report) in the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm purchased 1,068 shares of the financial services provider's stock, valued at approximately $265,000.

A number of other institutional investors also recently bought and sold shares of the business. EdgePoint Investment Group Inc. raised its position in Jones Lang LaSalle by 5.7% during the 4th quarter. EdgePoint Investment Group Inc. now owns 1,639,526 shares of the financial services provider's stock worth $415,030,000 after buying an additional 88,479 shares during the last quarter. Invesco Ltd. raised its position in Jones Lang LaSalle by 0.9% during the 4th quarter. Invesco Ltd. now owns 944,623 shares of the financial services provider's stock worth $239,122,000 after buying an additional 8,274 shares during the last quarter. Geode Capital Management LLC grew its stake in shares of Jones Lang LaSalle by 4.6% during the 4th quarter. Geode Capital Management LLC now owns 934,958 shares of the financial services provider's stock worth $240,190,000 after purchasing an additional 41,331 shares during the period. Norges Bank purchased a new position in shares of Jones Lang LaSalle during the 4th quarter valued at approximately $149,468,000. Finally, Arrowstreet Capital Limited Partnership increased its holdings in shares of Jones Lang LaSalle by 13.7% during the 4th quarter. Arrowstreet Capital Limited Partnership now owns 542,675 shares of the financial services provider's stock valued at $137,373,000 after purchasing an additional 65,407 shares in the last quarter. 94.80% of the stock is owned by hedge funds and other institutional investors.

Insider Transactions at Jones Lang LaSalle

In other Jones Lang LaSalle news, CEO Andrew W. Poppink sold 275 shares of Jones Lang LaSalle stock in a transaction on Friday, June 20th. The shares were sold at an average price of $237.97, for a total transaction of $65,441.75. Following the sale, the chief executive officer owned 10,297 shares of the company's stock, valued at $2,450,377.09. The trade was a 2.60% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. 0.91% of the stock is currently owned by company insiders.

Jones Lang LaSalle Price Performance

Jones Lang LaSalle stock traded down $0.72 during trading on Monday, reaching $264.58. The company had a trading volume of 73,359 shares, compared to its average volume of 392,047. The firm's 50-day simple moving average is $242.28 and its 200 day simple moving average is $246.65. Jones Lang LaSalle Incorporated has a 1-year low of $194.36 and a 1-year high of $288.50. The firm has a market capitalization of $12.56 billion, a PE ratio of 23.93 and a beta of 1.34. The company has a debt-to-equity ratio of 0.17, a quick ratio of 2.01 and a current ratio of 2.01.

Jones Lang LaSalle (NYSE:JLL - Get Free Report) last released its quarterly earnings results on Wednesday, May 7th. The financial services provider reported $2.31 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $2.02 by $0.29. Jones Lang LaSalle had a net margin of 2.23% and a return on equity of 10.37%. The firm had revenue of $5.75 billion for the quarter, compared to analysts' expectations of $5.65 billion. During the same quarter last year, the company earned $1.78 EPS. The firm's revenue for the quarter was up 12.1% compared to the same quarter last year. As a group, equities research analysts anticipate that Jones Lang LaSalle Incorporated will post 16.45 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

Several equities analysts have recently weighed in on the stock. Citigroup cut their target price on shares of Jones Lang LaSalle from $275.00 to $240.00 and set a "neutral" rating for the company in a report on Wednesday, May 28th. JPMorgan Chase & Co. cut their target price on shares of Jones Lang LaSalle from $327.00 to $285.00 and set an "overweight" rating for the company in a report on Thursday, April 10th. Citizens Jmp assumed coverage on shares of Jones Lang LaSalle in a report on Monday, July 21st. They set a "market perform" rating for the company. UBS Group lifted their target price on shares of Jones Lang LaSalle from $305.00 to $340.00 and gave the company a "buy" rating in a report on Wednesday, July 2nd. Finally, Wall Street Zen lowered shares of Jones Lang LaSalle from a "buy" rating to a "hold" rating in a report on Monday. Four research analysts have rated the stock with a hold rating, five have given a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat, the company currently has an average rating of "Moderate Buy" and an average target price of $312.43.

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.