Impact Partnership Wealth LLC Makes New Investment in Jones Lang LaSalle Incorporated $JLL

Impact Partnership Wealth LLC bought a new position in Jones Lang LaSalle Incorporated (NYSE:JLL) in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor bought 2,486 shares of the financial services provider’s stock, valued at approximately $836,000.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Sunbelt Securities Inc. purchased a new stake in Jones Lang LaSalle in the third quarter worth approximately $25,000. International Assets Investment Management LLC purchased a new stake in Jones Lang LaSalle in the fourth quarter worth approximately $29,000. Activest Wealth Management boosted its stake in 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 worth $31,000 after buying an additional 86 shares in the last quarter. True Wealth Design LLC lifted its position in Jones Lang LaSalle by 13,200.0% in the fourth quarter. True Wealth Design LLC now owns 133 shares of the financial services provider’s stock valued at $45,000 after purchasing an additional 132 shares during the last quarter. Finally, Bayforest Capital Ltd bought a new stake in Jones Lang LaSalle in the fourth quarter valued at approximately $55,000. Hedge funds and other institutional investors own 94.80% of the company’s stock.

Jones Lang LaSalle Price Performance

Shares of Jones Lang LaSalle stock opened at $282.18 on Friday. The company has a quick ratio of 2.35, a current ratio of 2.35 and a debt-to-equity ratio of 0.15. The company has a market cap of $13.09 billion, a PE ratio of 15.17 and a beta of 1.34. The business has a 50 day moving average of $312.49 and a 200 day moving average of $321.43. Jones Lang LaSalle Incorporated has a 52 week low of $217.21 and a 52 week high of $363.06.

Jones Lang LaSalle (NYSE:JLL) last announced its earnings results on Thursday, April 30th. The financial services provider reported $3.43 EPS for the quarter, beating analysts’ consensus estimates of $3.01 by $0.42. The company had revenue of $6.39 billion during the quarter, compared to the consensus estimate of $6 billion. Jones Lang LaSalle had a return on equity of 13.01% and a net margin of 3.35%.The firm’s revenue for the quarter was up 11.1% on a year-over-year basis. During the same quarter in the prior year, the company earned $2.31 earnings per share. As a group, equities research analysts forecast that Jones Lang LaSalle Incorporated will post 22.61 earnings per share for the current year.

Wall Street Analysts Forecast Growth

Several analysts have weighed in on JLL shares. Zacks Research downgraded Jones Lang LaSalle from a “strong-buy” rating to a “hold” rating in a research report on Friday, April 24th. Barclays boosted their price objective on Jones Lang LaSalle from $348.00 to $366.00 and gave the company an “equal weight” rating in a research report on Wednesday, May 13th. Keefe, Bruyette & Woods lowered their price objective on Jones Lang LaSalle from $405.00 to $380.00 and set an “outperform” rating for the company in a research report on Tuesday, February 24th. Weiss Ratings downgraded Jones Lang LaSalle from a “buy (b)” rating to a “buy (b-)” rating in a research report on Thursday. Finally, UBS Group boosted their price objective on Jones Lang LaSalle from $425.00 to $445.00 and gave the company a “buy” rating in a research report on Wednesday, April 22nd. Five investment analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company. According to MarketBeat, Jones Lang LaSalle presently has an average rating of “Moderate Buy” and a consensus price target of $394.00.

Insider Buying and Selling

In related news, Director Deborah H. Mcaneny sold 2,500 shares of the company’s stock in a transaction that occurred 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 transaction, the director owned 14,985 shares in the company, valued at $4,502,992.50. This represents a 14.30% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CEO Richard Bloxam sold 5,440 shares of the company’s stock in a transaction that occurred on Tuesday, March 24th. The shares were sold at an average price of $296.94, for a total value of $1,615,353.60. The disclosure for this sale is available in the SEC filing. 0.91% of the stock is owned by corporate insiders.

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.