Paralel Advisors LLC Makes New $2.36 Million Investment in Jones Lang LaSalle Incorporated $JLL

Key Points

• Paralel Advisors LLC purchased 7,603 shares of Jones Lang LaSalle in the second quarter, valued at approximately $2.36 million. Institutional investors and hedge funds collectively own 94.8% of the company.
• JLL reported quarterly earnings of $5.26 per share, beating estimates of $4.56, while revenue rose 10.8% year over year to $6.93 billion.
• Analyst sentiment remains favorable, with a consensus rating of “Moderate Buy” and an average price target of $423.33; JLL shares recently traded at $384.84, near their 12-month high.

Paralel Advisors LLC purchased a new stake in Jones Lang LaSalle Incorporated (NYSE:JLL - Free Report) in the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm purchased 7,603 shares of the financial services provider's stock, valued at approximately $2,357,000.

Several other institutional investors also recently modified their holdings of the company. Sunbelt Securities Inc. bought a new stake in shares of Jones Lang LaSalle in the 3rd quarter valued at about $25,000. Mitsubishi UFJ Asset Management Co. Ltd. bought a new position in Jones Lang LaSalle during the second quarter worth about $26,000. International Assets Investment Management LLC acquired a new position in Jones Lang LaSalle during the fourth quarter worth approximately $29,000. Activest Wealth Management raised its stake in Jones Lang LaSalle by 1,720.0% in the fourth quarter. Activest Wealth Management now owns 91 shares of the financial services provider's stock valued at $31,000 after buying an additional 86 shares during the period. Finally, Johnson Financial Group Inc. acquired a new stake in shares of Jones Lang LaSalle in the second quarter valued at approximately $34,000. 94.80% of the stock is currently owned by institutional investors and hedge funds.

Jones Lang LaSalle Stock Performance

Shares of NYSE:JLL opened at $384.84 on Friday. Jones Lang LaSalle Incorporated has a 12-month low of $259.83 and a 12-month high of $393.84. The company's 50 day moving average price is $333.92 and its two-hundred day moving average price is $318.70. The firm has a market cap of $17.71 billion, a PE ratio of 18.44 and a beta of 1.25. The company has a quick ratio of 2.40, a current ratio of 2.40 and a debt-to-equity ratio of 0.15.

Jones Lang LaSalle (NYSE:JLL - Get Free Report) last announced its quarterly earnings data on Thursday, July 30th. The financial services provider reported $5.26 earnings per share for the quarter, beating the consensus estimate of $4.56 by $0.70. The firm had revenue of $6.93 billion during the quarter, compared to analysts' expectations of $6.88 billion. Jones Lang LaSalle had a return on equity of 13.99% and a net margin of 3.64%.The company's quarterly revenue was up 10.8% compared to the same quarter last year. During the same period in the previous year, the firm earned $3.30 EPS. Equities research analysts predict that Jones Lang LaSalle Incorporated will post 24.18 earnings per share for the current year.

Insider Activity

In other news, Director Larry Quinlan sold 402 shares of the business's stock in a transaction that occurred on Friday, June 12th. The shares were sold at an average price of $301.73, for a total value of $121,295.46. Following the completion of the transaction, the director directly owned 4,369 shares in the company, valued at approximately $1,318,258.37. The trade was a 8.43% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CEO Christian Ulbrich sold 2,000 shares of the stock in a transaction that occurred on Thursday, August 20th. The stock was sold at an average price of $385.53, for a total transaction of $771,060.00. Following the sale, the chief executive officer owned 140,418 shares in the company, valued at $54,135,351.54. This represents a 1.40% decrease in their position. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders have sold 6,805 shares of company stock valued at $2,511,297 in the last ninety days. 0.91% of the stock is currently owned by company insiders.

Analyst Upgrades and Downgrades

JLL has been the subject of several research analyst reports. Weiss Ratings upgraded Jones Lang LaSalle from a "buy (b-)" rating to a "buy (b)" rating in a research note on Tuesday. Barclays raised their price target on Jones Lang LaSalle from $368.00 to $401.00 and gave the company an "equal weight" rating in a report on Monday. Keefe, Bruyette & Woods lifted their price objective on shares of Jones Lang LaSalle from $375.00 to $415.00 and gave the stock an "outperform" rating in a research report on Monday, August 3rd. Raymond James Financial reissued a "strong-buy" rating and issued a $500.00 price objective on shares of Jones Lang LaSalle in a research report on Thursday, July 30th. Finally, Zacks Research cut shares of Jones Lang LaSalle from a "strong-buy" rating to a "hold" rating in a research note on Thursday, July 23rd. One research analyst has rated the stock with a Strong Buy rating, five have assigned a Buy rating and two have assigned a Hold rating to the company. According to MarketBeat, the company has an average rating of "Moderate Buy" and a consensus price target of $423.33.

Jones Lang LaSalle Company Profile

Jones Lang LaSalle Incorporated NYSE: JLL is a leading professional services firm specializing in real estate and investment management. The company provides a broad range of services including leasing, advisory, property and asset management, capital markets, project and development services, and valuation. Through its integrated platform, JLL serves corporate occupiers, institutional investors, real estate owners and developers, offering tailored solutions that span the entire real estate lifecycle.

Founded in 1783 in London as Jones Lang Wootton, the firm established a reputation for expertise in property management and brokerage.

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