Ritholtz Wealth Management Purchases 8,394 Shares of Jones Lang LaSalle Incorporated $JLL

Ritholtz Wealth Management grew its position in Jones Lang LaSalle Incorporated (NYSE:JLL) by 275.8% in the 1st quarter, according to its most recent disclosure with the SEC. The fund owned 11,438 shares of the financial services provider’s stock after buying an additional 8,394 shares during the period. Ritholtz Wealth Management’s holdings in Jones Lang LaSalle were worth $3,481,000 as of its most recent SEC filing.

Other institutional investors have also recently made changes to their positions in the company. M&T Bank Corp increased its position in shares of Jones Lang LaSalle by 184,969.0% during the fourth quarter. M&T Bank Corp now owns 3,864,241 shares of the financial services provider’s stock valued at $1,300,201,000 after acquiring an additional 3,862,153 shares in the last quarter. AQR Capital Management LLC lifted its position in Jones Lang LaSalle by 426.7% in the 4th quarter. AQR Capital Management LLC now owns 899,625 shares of the financial services provider’s stock valued at $302,697,000 after acquiring an additional 728,824 shares in the last quarter. Norges Bank bought a new stake in shares of Jones Lang LaSalle in the 4th quarter worth $194,950,000. Eurizon Capital SGR S.p.A. purchased a new position in shares of Jones Lang LaSalle in the fourth quarter worth $132,263,000. Finally, Millennium Management LLC lifted its holdings in shares of Jones Lang LaSalle by 4,285.3% during the third quarter. Millennium Management LLC now owns 350,821 shares of the financial services provider’s stock valued at $104,643,000 after purchasing an additional 342,821 shares in the last quarter. Hedge funds and other institutional investors own 94.80% of the company’s stock.

Analyst Upgrades and Downgrades

Several research firms recently commented on JLL. Barclays increased 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. Weiss Ratings cut shares of Jones Lang LaSalle from a “buy (b)” rating to a “buy (b-)” rating in a research note on Thursday, May 28th. UBS Group lifted their price target on shares of Jones Lang LaSalle from $425.00 to $445.00 and gave the stock a “buy” rating in a research note on Wednesday, April 22nd. Finally, Zacks Research cut shares of Jones Lang LaSalle from a “strong-buy” rating to a “hold” rating in a report on Friday, April 24th. Five analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average price target of $394.00.

Insider Buying and Selling at Jones Lang LaSalle

In other news, Director Larry Quinlan sold 403 shares of the stock in a transaction that occurred on Friday, June 5th. The shares were sold at an average price of $295.14, for a total value of $118,941.42. Following the transaction, the director owned 4,771 shares in the company, valued at $1,408,112.94. This represents a 7.79% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. 0.91% of the stock is owned by company insiders.

Jones Lang LaSalle Stock Performance

JLL stock opened at $302.83 on Friday. The company has a market cap of $14.05 billion, a P/E ratio of 16.28 and a beta of 1.29. The company has a debt-to-equity ratio of 0.15, a current ratio of 2.35 and a quick ratio of 2.35. Jones Lang LaSalle Incorporated has a 1 year low of $244.96 and a 1 year high of $363.06. The stock’s fifty day moving average price is $309.10 and its 200-day moving average price is $319.16.

Jones Lang LaSalle (NYSE:JLL) last posted its earnings results on Thursday, April 30th. The financial services provider reported $3.43 earnings per share for the quarter, beating analysts’ consensus estimates of $3.01 by $0.42. The company had revenue of $6.39 billion for 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%.Jones Lang LaSalle’s revenue 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. On average, equities analysts forecast that Jones Lang LaSalle Incorporated will post 22.8 earnings per share for the current year.

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.