OneDigital Investment Advisors LLC Takes Position in Jones Lang LaSalle Incorporated $JLL

OneDigital Investment Advisors LLC bought a new position in shares of Jones Lang LaSalle Incorporated (NYSE:JLL) during the 2nd quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor bought 1,792 shares of the financial services provider’s stock, valued at approximately $555,000.

Several other institutional investors also recently bought and sold shares of the company. Moran Wealth Management LLC purchased a new position in shares of Jones Lang LaSalle in the first quarter valued at approximately $4,405,000. Geode Capital Management LLC lifted its holdings in Jones Lang LaSalle by 1.6% during the 4th quarter. Geode Capital Management LLC now owns 990,836 shares of the financial services provider’s stock worth $333,451,000 after buying an additional 15,995 shares in the last quarter. Jackson Creek Investment Advisors LLC acquired a new stake in Jones Lang LaSalle during the 4th quarter worth approximately $1,507,000. Thrivent Financial for Lutherans boosted its position in 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 buying an additional 12,699 shares during the period. Finally, Principal Financial Group Inc. grew its stake in shares of Jones Lang LaSalle by 279.6% in the first quarter. Principal Financial Group Inc. now owns 429,418 shares of the financial services provider’s stock worth $130,683,000 after acquiring an additional 316,299 shares in the last quarter. 94.80% of the stock is owned by institutional investors and hedge funds.

Jones Lang LaSalle Price Performance

Shares of NYSE JLL opened at $371.01 on Wednesday. The stock’s 50-day simple moving average is $330.35 and its 200-day simple moving average is $318.29. The company has a debt-to-equity ratio of 0.15, a quick ratio of 2.40 and a current ratio of 2.40. The firm has a market capitalization of $17.07 billion, a PE ratio of 17.78 and a beta of 1.24. Jones Lang LaSalle Incorporated has a fifty-two week low of $259.83 and a fifty-two week high of $376.85.

Jones Lang LaSalle (NYSE:JLL) last released its quarterly earnings data on Thursday, July 30th. The financial services provider reported $5.26 earnings per share for the quarter, topping analysts’ consensus estimates of $4.56 by $0.70. The company had revenue of $6.93 billion for the quarter, compared to analysts’ expectations of $6.88 billion. Jones Lang LaSalle had a net margin of 3.64% and a return on equity of 13.99%. The firm’s revenue for the quarter was up 10.8% on a year-over-year basis. During the same quarter last year, the company earned $3.30 earnings per share. As a group, equities research analysts forecast that Jones Lang LaSalle Incorporated will post 24.18 EPS for the current fiscal year.

Insiders Place Their Bets

In related news, Director Larry Quinlan sold 403 shares of Jones Lang LaSalle stock in a transaction on Friday, June 5th. The shares were sold at an average price of $295.14, for a total transaction of $118,941.42. Following the sale, the director directly owned 4,771 shares in the company, valued at $1,408,112.94. This trade represents a 7.79% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CEO Christian Ulbrich sold 2,000 shares of the firm’s stock in a transaction dated Tuesday, August 18th. The stock was sold at an average price of $375.00, for a total value of $750,000.00. Following the transaction, the chief executive officer directly owned 144,418 shares in the company, valued at approximately $54,156,750. The trade was a 1.37% 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. Insiders sold a total of 4,805 shares of company stock worth $1,740,237 over the last ninety days. Insiders own 0.91% of the company’s stock.

Wall Street Analyst Weigh In

Several analysts have recently issued reports on the company. Barclays increased their price objective on Jones Lang LaSalle from $368.00 to $401.00 and gave the company an “equal weight” rating in a research note on Monday. Zacks Research downgraded Jones Lang LaSalle from a “strong-buy” rating to a “hold” rating in a report on Thursday, July 23rd. UBS Group boosted their price objective on Jones Lang LaSalle from $425.00 to $445.00 and gave the stock a “buy” rating in a research report on Wednesday, April 22nd. Weiss Ratings downgraded shares of Jones Lang LaSalle from a “buy (b)” rating to a “buy (b-)” rating in a research note on Thursday, May 28th. Finally, Raymond James Financial reissued a “strong-buy” rating and issued a $500.00 price objective on shares of Jones Lang LaSalle in a research report on Thursday, July 30th. One investment analyst has rated the stock with a Strong Buy rating, five have assigned a Buy rating and two have given a Hold rating to the stock. According to MarketBeat.com, Jones Lang LaSalle has an average rating of “Moderate Buy” and a consensus target price of $423.33.

Jones Lang LaSalle Company 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.