Diversify Advisory Services LLC Buys New Stake in Jones Lang LaSalle Incorporated $JLL

Diversify Advisory Services LLC bought a new stake in Jones Lang LaSalle Incorporated (NYSE:JLL) in the 2nd quarter, HoldingsChannel reports. The fund bought 2,251 shares of the financial services provider’s stock, valued at approximately $750,000.

Other large investors have also made changes to their positions in the company. BlackRock Inc. purchased a new position in Jones Lang LaSalle during the 2nd quarter worth $1,446,414,000. Price T Rowe Associates Inc. MD raised its stake in Jones Lang LaSalle by 17.8% in the fourth quarter. Price T Rowe Associates Inc. MD now owns 1,180,514 shares of the financial services provider’s stock valued at $397,209,000 after buying an additional 178,677 shares during the last quarter. Swedbank AB boosted its holdings in Jones Lang LaSalle by 0.5% in the fourth quarter. Swedbank AB now owns 993,742 shares of the financial services provider’s stock worth $334,364,000 after acquiring an additional 4,543 shares in the last quarter. Geode Capital Management LLC grew its stake in shares of Jones Lang LaSalle by 1.6% during the fourth quarter. Geode Capital Management LLC now owns 990,836 shares of the financial services provider’s stock worth $333,451,000 after acquiring an additional 15,995 shares during the last quarter. Finally, AQR Capital Management LLC grew its stake in shares of Jones Lang LaSalle by 426.7% during the fourth quarter. AQR Capital Management LLC now owns 899,625 shares of the financial services provider’s stock worth $302,697,000 after acquiring an additional 728,824 shares during the last quarter. 94.80% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

JLL has been the subject of several research analyst reports. Weiss Ratings raised shares of Jones Lang LaSalle from a “buy (b-)” rating to a “buy (b)” rating in a research report on Tuesday. Keefe, Bruyette & Woods boosted their target price on shares of Jones Lang LaSalle from $375.00 to $415.00 and gave the stock an “outperform” rating in a research report on Monday, August 3rd. Zacks Research cut shares of Jones Lang LaSalle from a “strong-buy” rating to a “hold” rating in a report on Thursday, July 23rd. Barclays lifted their price objective on shares of Jones Lang LaSalle from $368.00 to $401.00 and gave the stock an “equal weight” rating in a research note on Monday. Finally, Raymond James Financial reissued a “strong-buy” rating and set a $500.00 price objective on shares of Jones Lang LaSalle in a report on Thursday, July 30th. One 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 company’s stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average target price of $423.33.

Insider Buying and Selling

In other Jones Lang LaSalle news, CEO Christian Ulbrich sold 2,000 shares of the company’s stock in a transaction that occurred on Thursday, August 20th. The stock was sold at an average price of $385.53, for a total value of $771,060.00. Following the sale, the chief executive officer owned 140,418 shares in the company, valued at approximately $54,135,351.54. This represents a 1.40% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director Larry Quinlan sold 403 shares of the firm’s stock in a transaction that occurred on Friday, June 5th. The stock was 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. The trade was a 7.79% 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 6,805 shares of company stock valued at $2,511,297 over the last three months. 0.91% of the stock is currently owned by corporate insiders.

Jones Lang LaSalle Price Performance

Shares of JLL opened at $384.84 on Friday. The business’s 50-day moving average is $333.92 and its two-hundred day moving average is $318.70. The company has a market capitalization of $17.71 billion, a P/E ratio of 18.44 and a beta of 1.25. Jones Lang LaSalle Incorporated has a fifty-two week low of $259.83 and a fifty-two week high of $393.84. The company has a debt-to-equity ratio of 0.15, a quick ratio of 2.40 and a current ratio of 2.40.

Jones Lang LaSalle (NYSE:JLL) last issued its earnings results on Thursday, July 30th. The financial services provider reported $5.26 EPS for the quarter, topping analysts’ consensus estimates of $4.56 by $0.70. The firm had revenue of $6.93 billion for the quarter, compared to the consensus estimate of $6.88 billion. Jones Lang LaSalle had a return on equity of 13.99% and a net margin of 3.64%.The company’s revenue was up 10.8% compared to the same quarter last year. During the same quarter in the prior year, the business earned $3.30 earnings per share. Research analysts predict that Jones Lang LaSalle Incorporated will post 24.18 earnings per share for the current year.

About Jones Lang LaSalle

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.