Perigon Wealth Management LLC Invests $3.90 Million in Jones Lang LaSalle Incorporated $JLL

Perigon Wealth Management LLC acquired a new stake in shares of Jones Lang LaSalle Incorporated (NYSE:JLL) during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund acquired 11,593 shares of the financial services provider’s stock, valued at approximately $3,901,000.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in JLL. Integrated Wealth Concepts LLC acquired a new stake in shares of Jones Lang LaSalle in the first quarter worth $546,000. Empowered Funds LLC lifted its position in Jones Lang LaSalle by 203.1% during the first quarter. Empowered Funds LLC now owns 4,046 shares of the financial services provider’s stock valued at $1,003,000 after purchasing an additional 2,711 shares during the period. Northwestern Mutual Wealth Management Co. boosted its holdings in Jones Lang LaSalle by 2.0% in the second quarter. Northwestern Mutual Wealth Management Co. now owns 2,376 shares of the financial services provider’s stock valued at $608,000 after purchasing an additional 47 shares during the last quarter. EverSource Wealth Advisors LLC grew its position in Jones Lang LaSalle by 33.8% during the 2nd quarter. EverSource Wealth Advisors LLC now owns 499 shares of the financial services provider’s stock worth $128,000 after purchasing an additional 126 shares during the period. Finally, Marshall Wace LLP raised its stake in shares of Jones Lang LaSalle by 50.7% during the 2nd quarter. Marshall Wace LLP now owns 295,846 shares of the financial services provider’s stock valued at $75,671,000 after buying an additional 99,552 shares during the last quarter. Hedge funds and other institutional investors own 94.80% of the company’s stock.

Wall Street Analyst Weigh In

A number of research analysts have issued reports on JLL shares. UBS Group boosted their price target on Jones Lang LaSalle from $410.00 to $425.00 and gave the company a “buy” rating in a report on Monday, February 23rd. Keefe, Bruyette & Woods dropped their target price on Jones Lang LaSalle from $405.00 to $380.00 and set an “outperform” rating on the stock in a research report on Tuesday, February 24th. Barclays reduced their price target on Jones Lang LaSalle from $360.00 to $355.00 and set an “equal weight” rating for the company in a report on Friday, March 13th. Weiss Ratings upgraded Jones Lang LaSalle from a “hold (c+)” rating to a “buy (b-)” rating in a research report on Friday, February 20th. Finally, Zacks Research upgraded Jones Lang LaSalle from a “hold” rating to a “strong-buy” rating in a research report on Friday, February 20th. One research analyst has rated the stock with a Strong Buy rating, five have issued a Buy rating and three have issued a Hold rating to the company’s stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $363.17.

Insider Activity at Jones Lang LaSalle

In related news, Director Deborah H. Mcaneny sold 2,500 shares of the stock in a transaction on Tuesday, March 10th. The stock was sold at an average price of $300.50, for a total value of $751,250.00. Following the completion of the transaction, the director directly owned 14,985 shares of the company’s stock, valued at approximately $4,502,992.50. This represents a 14.30% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO Richard Bloxam sold 5,440 shares of the firm’s stock in a transaction on Tuesday, March 24th. The shares were sold at an average price of $296.94, for a total value of $1,615,353.60. Additional details regarding this sale are available in the official SEC disclosure. 0.91% of the stock is currently owned by insiders.

Jones Lang LaSalle Stock Down 0.1%

JLL stock opened at $305.75 on Friday. Jones Lang LaSalle Incorporated has a 52 week low of $194.36 and a 52 week high of $363.06. The company has a quick ratio of 2.23, a current ratio of 2.23 and a debt-to-equity ratio of 0.10. The firm has a 50-day simple moving average of $313.12 and a 200-day simple moving average of $317.49. The stock has a market capitalization of $14.32 billion, a P/E ratio of 18.63 and a beta of 1.41.

Jones Lang LaSalle (NYSE:JLL) last issued its quarterly earnings results on Wednesday, February 18th. The financial services provider reported $8.71 earnings per share for the quarter, beating analysts’ consensus estimates of $7.25 by $1.46. Jones Lang LaSalle had a net margin of 3.03% and a return on equity of 12.50%. The firm had revenue of $7.61 billion for the quarter, compared to analyst estimates of $7.45 billion. During the same period last year, the company posted $6.15 EPS. Jones Lang LaSalle’s quarterly revenue was up 11.7% compared to the same quarter last year. Equities analysts forecast that Jones Lang LaSalle Incorporated will post 16.45 earnings per share for the current fiscal year.

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.