Corient Private Wealth LP Makes New $15.57 Million Investment in Jones Lang LaSalle Incorporated $JLL

Corient Private Wealth LP purchased a new stake in Jones Lang LaSalle Incorporated (NYSE:JLL) in the 2nd quarter, HoldingsChannel.com reports. The institutional investor purchased 50,247 shares of the financial services provider’s stock, valued at approximately $15,574,000.

Several other institutional investors also recently modified their holdings of the business. Deutsche Bank AG bought a new position in shares of Jones Lang LaSalle during the second quarter worth about $6,504,000. Moran Wealth Management LLC bought a new position in Jones Lang LaSalle during the first quarter worth $4,405,000. Geode Capital Management LLC boosted its position in Jones Lang LaSalle by 1.6% during the fourth quarter. Geode Capital Management LLC now owns 990,836 shares of the financial services provider’s stock valued at $333,451,000 after acquiring an additional 15,995 shares during the last quarter. Thrivent Financial for Lutherans lifted its stake in shares of Jones Lang LaSalle by 78.4% in the 4th quarter. Thrivent Financial for Lutherans now owns 28,895 shares of the financial services provider’s stock valued at $9,723,000 after purchasing an additional 12,699 shares during the period. Finally, Jackson Creek Investment Advisors LLC bought a new stake in Jones Lang LaSalle in the fourth quarter worth approximately $1,507,000. Institutional investors own 94.80% of the company’s stock.

Jones Lang LaSalle Price Performance

Jones Lang LaSalle stock opened at $378.94 on Friday. The company has a current ratio of 2.40, a quick ratio of 2.40 and a debt-to-equity ratio of 0.15. The business’s 50 day simple moving average is $344.31 and its 200 day simple moving average is $320.79. Jones Lang LaSalle Incorporated has a 12 month low of $259.83 and a 12 month high of $393.84. The company has a market cap of $17.44 billion, a price-to-earnings ratio of 18.16 and a beta of 1.25.

Jones Lang LaSalle (NYSE:JLL) last issued its quarterly earnings results on Thursday, July 30th. The financial services provider reported $5.26 EPS for the quarter, beating analysts’ consensus estimates of $4.56 by $0.70. The firm had revenue of $6.93 billion for 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 business’s revenue for the quarter was up 10.8% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $3.30 EPS. Sell-side analysts forecast that Jones Lang LaSalle Incorporated will post 24.59 EPS for the current year.

Wall Street Analyst Weigh In

JLL has been the topic of several research analyst reports. Weiss Ratings raised shares of Jones Lang LaSalle from a “buy (b-)” rating to a “buy (b)” rating in a research note on Tuesday, August 18th. Barclays lifted their price target on shares of 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 lowered shares of Jones Lang LaSalle from a “strong-buy” rating to a “hold” rating in a report on Thursday, July 23rd. Raymond James Financial reaffirmed a “strong-buy” rating and set a $500.00 target price on shares of Jones Lang LaSalle in a research report on Thursday, July 30th. Finally, Keefe, Bruyette & Woods increased their target price on shares of Jones Lang LaSalle from $375.00 to $415.00 and gave the company an “outperform” rating in a report on Monday, August 3rd. One equities research analyst has rated the stock with a Strong Buy rating, four have issued a Buy rating and two have assigned a Hold rating to the company. Based on data from MarketBeat, Jones Lang LaSalle currently has a consensus rating of “Moderate Buy” and an average target price of $433.60.

Insider Buying and Selling at Jones Lang LaSalle

In other Jones Lang LaSalle news, Director Larry Quinlan sold 403 shares of the stock in a transaction that occurred on Friday, June 5th. The shares were sold at an average price of $295.14, for a total value of $118,941.42. Following the sale, the director directly owned 4,771 shares in the company, valued at $1,408,112.94. This represents a 7.79% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available 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 company’s stock in a transaction 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 completion of the transaction, the chief executive officer directly owned 138,418 shares in the company, valued at approximately $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 quarter, insiders sold 6,805 shares of company stock valued at $2,511,297. 0.91% of the stock is owned by company insiders.

About Jones Lang LaSalle

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.