Sanctuary Advisors LLC Makes New $1.06 Million Investment in Jones Lang LaSalle Incorporated $JLL

Sanctuary Advisors LLC purchased a new stake in shares of Jones Lang LaSalle Incorporated (NYSE:JLL) in the 2nd quarter, HoldingsChannel reports. The firm purchased 3,409 shares of the financial services provider’s stock, valued at approximately $1,057,000.

Other large investors have also recently modified their holdings of the company. Hilton Head Capital Partners LLC grew its position in Jones Lang LaSalle by 40.4% during the 1st quarter. Hilton Head Capital Partners LLC now owns 146 shares of the financial services provider’s stock worth $44,000 after acquiring an additional 42 shares during the last quarter. UMB Bank n.a. lifted its position in Jones Lang LaSalle by 10.6% in the fourth quarter. UMB Bank n.a. now owns 490 shares of the financial services provider’s stock valued at $165,000 after purchasing an additional 47 shares during the last quarter. Ballentine Partners LLC boosted its stake in shares of Jones Lang LaSalle by 5.3% during the fourth quarter. Ballentine Partners LLC now owns 951 shares of the financial services provider’s stock valued at $320,000 after purchasing an additional 48 shares during the period. Root Financial Partners LLC grew its holdings in shares of Jones Lang LaSalle by 27.4% in the first quarter. Root Financial Partners LLC now owns 223 shares of the financial services provider’s stock worth $68,000 after purchasing an additional 48 shares during the last quarter. Finally, HighTower Advisors LLC grew its holdings in shares of Jones Lang LaSalle by 1.0% in the fourth quarter. HighTower Advisors LLC now owns 4,740 shares of the financial services provider’s stock worth $1,595,000 after purchasing an additional 49 shares during the last quarter. Hedge funds and other institutional investors own 94.80% of the company’s stock.

Analyst Ratings Changes

A number of equities research analysts recently commented on the stock. Weiss Ratings upgraded shares of Jones Lang LaSalle from a “buy (b-)” rating to a “buy (b)” rating in a report on Tuesday, August 18th. Raymond James Financial reissued a “strong-buy” rating and issued a $500.00 price target on shares of Jones Lang LaSalle in a report on Thursday, July 30th. Zacks Research downgraded shares of Jones Lang LaSalle from a “strong-buy” rating to a “hold” rating in a research note on Thursday, July 23rd. Barclays increased their target price on shares of Jones Lang LaSalle from $368.00 to $401.00 and gave the stock an “equal weight” rating in a report on Monday, August 17th. Finally, Keefe, Bruyette & Woods boosted their price target on Jones Lang LaSalle from $375.00 to $415.00 and gave the company an “outperform” rating in a report on Monday, August 3rd. One investment analyst has rated the stock with a Strong Buy rating, four have assigned a Buy rating and two have assigned a Hold rating to the company’s stock. Based on data from MarketBeat, Jones Lang LaSalle currently has an average rating of “Moderate Buy” and a consensus target price of $433.60.

Jones Lang LaSalle Stock Performance

Shares of JLL stock opened at $379.13 on Friday. The firm has a market capitalization of $17.44 billion, a price-to-earnings ratio of 18.17 and a beta of 1.25. The stock has a fifty day moving average of $342.67 and a 200 day moving average of $320.38. Jones Lang LaSalle Incorporated has a 52 week low of $259.83 and a 52 week high of $393.84. 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) last issued its quarterly earnings data on Thursday, July 30th. The financial services provider reported $5.26 earnings per share (EPS) 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 business had revenue of $6.93 billion for the quarter, compared to the consensus estimate of $6.88 billion. During the same period in the previous year, the firm earned $3.30 EPS. The company’s quarterly revenue was up 10.8% compared to the same quarter last year. As a group, research analysts expect that Jones Lang LaSalle Incorporated will post 24.59 earnings per share for the current year.

Insider Transactions at Jones Lang LaSalle

In related news, Director Larry Quinlan sold 402 shares of the business’s stock in a transaction dated Friday, June 12th. The shares were sold at an average price of $301.73, for a total transaction of $121,295.46. Following the transaction, the director owned 4,369 shares in the company, valued at $1,318,258.37. The trade was a 8.43% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, 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 stock in a transaction dated 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 of the company’s stock, valued at approximately $53,364,291.54. The trade was a 1.42% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders have sold a total of 6,805 shares of company stock worth $2,511,297 in the last ninety days. 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.