Crown Advisors Management Inc. Buys New Position in Jones Lang LaSalle Incorporated $JLL

Crown Advisors Management Inc. purchased a new position in Jones Lang LaSalle Incorporated (NYSE:JLL) during the 3rd quarter, according to its most recent filing with the Securities & Exchange Commission. The fund purchased 8,000 shares of the financial services provider’s stock, valued at approximately $2,386,000. Jones Lang LaSalle makes up 1.6% of Crown Advisors Management Inc.’s portfolio, making the stock its 23rd biggest holding.

Other large investors also recently made changes to their positions in the company. Sunbelt Securities Inc. acquired a new position in shares of Jones Lang LaSalle in the 3rd quarter worth approximately $25,000. Caldwell Trust Co acquired a new stake in Jones Lang LaSalle during the second quarter valued at approximately $38,000. Chilton Capital Management LLC lifted its stake in Jones Lang LaSalle by 33.0% during the third quarter. Chilton Capital Management LLC now owns 133 shares of the financial services provider’s stock valued at $40,000 after purchasing an additional 33 shares during the last quarter. Quent Capital LLC bought a new stake in Jones Lang LaSalle during the third quarter worth approximately $41,000. Finally, Root Financial Partners LLC acquired a new position in Jones Lang LaSalle in the third quarter worth approximately $44,000. Institutional investors own 94.80% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently commented on the company. The Goldman Sachs Group increased their price objective on Jones Lang LaSalle from $361.00 to $407.00 and gave the company a “buy” rating in a research report on Wednesday, November 26th. Zacks Research raised Jones Lang LaSalle from a “hold” rating to a “strong-buy” rating in a research report on Friday, February 20th. UBS Group upped their target price on Jones Lang LaSalle from $410.00 to $425.00 and gave the company a “buy” rating in a report on Monday, February 23rd. Keefe, Bruyette & Woods dropped their price target on Jones Lang LaSalle from $405.00 to $380.00 and set an “outperform” rating on the stock in a research note on Tuesday, February 24th. Finally, Barclays cut their price objective on Jones Lang LaSalle from $360.00 to $355.00 and set an “equal weight” rating on the stock in a report on Friday, March 13th. One equities research analyst has rated the stock with a Strong Buy rating, five have given a Buy rating and three have issued a Hold rating to the company’s stock. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus target price of $363.17.

Jones Lang LaSalle Stock Performance

Shares of JLL opened at $302.96 on Wednesday. The company has a market capitalization of $14.19 billion, a PE ratio of 18.46 and a beta of 1.42. The company has a debt-to-equity ratio of 0.10, a quick ratio of 2.23 and a current ratio of 2.23. The company’s 50 day moving average price is $326.24 and its 200 day moving average price is $318.32. Jones Lang LaSalle Incorporated has a 52 week low of $194.36 and a 52 week high of $363.06.

Jones Lang LaSalle (NYSE:JLL) last released its earnings results on Wednesday, February 18th. The financial services provider reported $8.71 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $7.25 by $1.46. Jones Lang LaSalle had a net margin of 3.03% and a return on equity of 12.50%. The company had revenue of $7.61 billion during the quarter, compared to the consensus estimate of $7.45 billion. During the same quarter in the prior year, the firm earned $6.15 EPS. The company’s revenue was up 11.7% compared to the same quarter last year. Research analysts expect that Jones Lang LaSalle Incorporated will post 16.45 EPS for the current fiscal year.

Insider Activity

In related news, Director Deborah H. Mcaneny sold 2,500 shares of Jones Lang LaSalle stock in a transaction on Tuesday, March 10th. The stock was sold at an average price of $300.50, for a total transaction of $751,250.00. Following the completion of the sale, the director owned 14,985 shares of the company’s stock, valued at approximately $4,502,992.50. This trade represents a 14.30% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Corporate insiders own 0.91% of the company’s stock.

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.