CreativeOne Wealth LLC Acquires Shares of 1,520 Jones Lang LaSalle Incorporated $JLL

CreativeOne Wealth LLC bought a new position in shares of Jones Lang LaSalle Incorporated (NYSE:JLL) during the 1st quarter, according to the company in its most recent disclosure with the SEC. The fund bought 1,520 shares of the financial services provider’s stock, valued at approximately $377,000.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Norden Group LLC acquired a new stake in Jones Lang LaSalle during the 1st quarter worth $287,000. PNC Financial Services Group Inc. boosted its stake in Jones Lang LaSalle by 11.2% during the 1st quarter. PNC Financial Services Group Inc. now owns 2,605 shares of the financial services provider’s stock worth $646,000 after purchasing an additional 262 shares during the last quarter. Bridges Investment Management Inc. boosted its stake in Jones Lang LaSalle by 120.0% during the 1st quarter. Bridges Investment Management Inc. now owns 4,447 shares of the financial services provider’s stock worth $1,102,000 after purchasing an additional 2,426 shares during the last quarter. Universal Beteiligungs und Servicegesellschaft mbH acquired a new stake in Jones Lang LaSalle during the 1st quarter worth $8,164,000. Finally, Janney Montgomery Scott LLC boosted its stake in Jones Lang LaSalle by 34.5% during the 1st quarter. Janney Montgomery Scott LLC now owns 8,779 shares of the financial services provider’s stock worth $2,176,000 after purchasing an additional 2,252 shares during the last quarter. Institutional investors and hedge funds own 94.80% of the company’s stock.

Insider Buying and Selling

In related news, CEO Andrew W. Poppink sold 275 shares of the firm’s stock in a transaction dated Friday, June 20th. The stock was sold at an average price of $237.97, for a total transaction of $65,441.75. Following the completion of the transaction, the chief executive officer directly owned 10,297 shares in the company, valued at $2,450,377.09. This trade represents a 2.60% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this link. 0.91% of the stock is owned by company insiders.

Analyst Upgrades and Downgrades

Several research analysts have recently weighed in on the stock. Citizens Jmp assumed coverage on shares of Jones Lang LaSalle in a research report on Monday, July 21st. They set a “market perform” rating on the stock. The Goldman Sachs Group upped their price objective on shares of Jones Lang LaSalle from $338.00 to $378.00 and gave the company a “buy” rating in a report on Wednesday, August 13th. JPMorgan Chase & Co. upped their price objective on shares of Jones Lang LaSalle from $285.00 to $372.00 and gave the company an “overweight” rating in a report on Tuesday, August 26th. UBS Group upped their price objective on shares of Jones Lang LaSalle from $305.00 to $340.00 and gave the company a “buy” rating in a report on Wednesday, July 2nd. Finally, JMP Securities started coverage on shares of Jones Lang LaSalle in a report on Monday, July 21st. They issued a “market perform” rating for the company. One research analyst has rated the stock with a Strong Buy rating, five have issued a Buy rating and three have given a Hold rating to the company. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average target price of $328.57.

Jones Lang LaSalle Stock Up 0.3%

Shares of NYSE:JLL opened at $305.70 on Tuesday. The business has a 50-day moving average price of $272.64 and a 200 day moving average price of $249.70. The company has a current ratio of 2.35, a quick ratio of 2.35 and a debt-to-equity ratio of 0.16. The company has a market capitalization of $14.48 billion, a price-to-earnings ratio of 26.29 and a beta of 1.41. Jones Lang LaSalle Incorporated has a 12-month low of $194.36 and a 12-month high of $308.61.

Jones Lang LaSalle (NYSE:JLL) last issued its quarterly earnings data on Wednesday, August 6th. The financial services provider reported $3.30 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $3.20 by $0.10. The firm had revenue of $6.25 billion during the quarter, compared to the consensus estimate of $6.17 billion. Jones Lang LaSalle had a return on equity of 10.63% and a net margin of 2.28%.The company’s quarterly revenue was up 11.0% on a year-over-year basis. During the same period last year, the company earned $2.55 EPS. Sell-side analysts expect that Jones Lang LaSalle Incorporated will post 16.45 EPS for the current year.

Jones Lang LaSalle Profile

Jones Lang LaSalle Incorporated operates as a commercial real estate and investment management company. It engages in the buying, building, occupying, managing, and investing in a commercial, industrial, hotel, residential, and retail properties in Americas, Europe, the Middle East, Africa, and the Asia Pacific.