1,720 Shares in Jones Lang LaSalle Incorporated $JLL Acquired by Castleark Management LLC

Castleark Management LLC purchased a new position in shares of Jones Lang LaSalle Incorporated (NYSE:JLL) during the second quarter, according to its most recent 13F filing with the SEC. The institutional investor purchased 1,720 shares of the financial services provider’s stock, valued at approximately $533,000.

Other large investors also recently modified their holdings of the company. Mitsubishi UFJ Asset Management Co. Ltd. acquired a new position in shares of Jones Lang LaSalle during the second quarter worth approximately $26,000. Sunbelt Securities Inc. bought a new stake in Jones Lang LaSalle during the 3rd quarter valued at $25,000. International Assets Investment Management LLC acquired a new position in Jones Lang LaSalle during the fourth quarter worth $29,000. Activest Wealth Management lifted its stake in shares of 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 in the last quarter. Finally, Hilton Head Capital Partners LLC acquired a new position in shares of Jones Lang LaSalle during the fourth quarter valued at about $35,000. Institutional investors and hedge funds own 94.80% of the company’s stock.

Analyst Ratings Changes

Several analysts have recently commented on the company. Keefe, Bruyette & Woods increased their price objective on Jones Lang LaSalle from $375.00 to $415.00 and gave the stock an “outperform” rating in a research note on Monday, August 3rd. Weiss Ratings upgraded Jones Lang LaSalle from a “buy (b-)” rating to a “buy (b)” rating in a report on Tuesday, August 18th. Barclays increased their price target on Jones Lang LaSalle from $368.00 to $401.00 and gave the company an “equal weight” rating in a research report 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. Finally, Raymond James Financial restated 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. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average target price of $433.60.

Jones Lang LaSalle Stock Performance

NYSE JLL opened at $385.60 on Thursday. The company has a market capitalization of $17.74 billion, a PE ratio of 18.48 and a beta of 1.25. The company has a debt-to-equity ratio of 0.15, a quick ratio of 2.40 and a current ratio of 2.40. Jones Lang LaSalle Incorporated has a 52-week low of $259.83 and a 52-week high of $393.84. The company has a 50-day simple moving average of $341.03 and a 200 day simple moving average of $320.12.

Jones Lang LaSalle (NYSE:JLL) last released its earnings results on Thursday, July 30th. The financial services provider reported $5.26 earnings per share for the quarter, beating analysts’ consensus estimates of $4.56 by $0.70. Jones Lang LaSalle had a net margin of 3.64% and a return on equity of 13.99%. The firm had revenue of $6.93 billion for the quarter, compared to analysts’ expectations of $6.88 billion. During the same period in the previous year, the company earned $3.30 earnings per share. The company’s quarterly revenue was up 10.8% on a year-over-year basis. On average, research analysts predict that Jones Lang LaSalle Incorporated will post 24.59 EPS for the current year.

Insider Buying and Selling at Jones Lang LaSalle

In other news, Director Larry Quinlan sold 403 shares of the company’s stock in a transaction on Friday, June 5th. The stock was sold at an average price of $295.14, for a total transaction of $118,941.42. Following the transaction, the director owned 4,771 shares of the company’s stock, valued at $1,408,112.94. This represents a 7.79% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. 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 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. The trade was a 1.42% decrease in their position. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Over the last three months, insiders have sold 6,805 shares of company stock valued at $2,511,297. 0.91% of the stock is owned by corporate insiders.

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.