Silvant Capital Management LLC Invests $4.60 Million in Jones Lang LaSalle Incorporated $JLL

Silvant Capital Management LLC acquired a new stake in shares of Jones Lang LaSalle Incorporated (NYSE:JLL) during the 2nd quarter, HoldingsChannel.com reports. The firm acquired 14,833 shares of the financial services provider’s stock, valued at approximately $4,597,000.

A number of other hedge funds and other institutional investors have also bought and sold shares of the company. Sunbelt Securities Inc. acquired a new position in Jones Lang LaSalle in the 3rd quarter worth about $25,000. Mitsubishi UFJ Asset Management Co. Ltd. acquired a new stake in shares of Jones Lang LaSalle during the second quarter valued at about $26,000. International Assets Investment Management LLC bought a new stake in shares of Jones Lang LaSalle during the fourth quarter worth about $29,000. Activest Wealth Management increased 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 during the period. Finally, Johnson Financial Group Inc. bought a new position in Jones Lang LaSalle in the 2nd quarter valued at approximately $34,000. Institutional investors own 94.80% of the company’s stock.

Wall Street Analyst Weigh In

JLL has been the topic of a number of research reports. Raymond James Financial reissued a “strong-buy” rating and set a $500.00 target price on shares of Jones Lang LaSalle in a report on Thursday, July 30th. Zacks Research lowered shares of Jones Lang LaSalle from a “strong-buy” rating to a “hold” rating in a report on Thursday, July 23rd. Keefe, Bruyette & Woods boosted 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 note on Monday, August 3rd. Weiss Ratings raised Jones Lang LaSalle from a “buy (b-)” rating to a “buy (b)” rating in a research report on Tuesday. Finally, Barclays upped 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. One investment analyst has rated the stock with a Strong Buy rating, five have given a Buy rating and two have issued a Hold rating to the stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $423.33.

Insider Transactions at Jones Lang LaSalle

In other news, Director Larry Quinlan sold 402 shares of Jones Lang LaSalle stock in a transaction dated Friday, June 12th. The stock was 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 of the company’s stock, valued at approximately $1,318,258.37. This trade represents a 8.43% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CEO Christian Ulbrich sold 2,000 shares of the business’s stock in a transaction dated Thursday, August 20th. The shares were sold at an average price of $385.53, for a total value of $771,060.00. Following the completion of the transaction, the chief executive officer directly owned 140,418 shares in the company, valued at $54,135,351.54. This represents a 1.40% decrease in their ownership of the stock. 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 quarter, insiders have sold 6,805 shares of company stock valued at $2,511,297. Company insiders own 0.91% of the company’s stock.

Jones Lang LaSalle Stock Down 1.4%

Shares of NYSE JLL opened at $384.84 on Friday. The company’s 50 day moving average price is $333.92 and its 200-day moving average price is $318.70. 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 market capitalization of $17.71 billion, a P/E ratio of 18.44 and a beta of 1.25.

Jones Lang LaSalle (NYSE:JLL) last posted its quarterly earnings data on Thursday, July 30th. The financial services provider reported $5.26 earnings per share for the quarter, topping the consensus estimate 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 company had revenue of $6.93 billion during the quarter, compared to analysts’ expectations of $6.88 billion. During the same period in the prior year, the company posted $3.30 earnings per share. Jones Lang LaSalle’s revenue for the quarter was up 10.8% compared to the same quarter last year. Equities analysts forecast that Jones Lang LaSalle Incorporated will post 24.18 earnings per share for the current year.

Jones Lang LaSalle 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.