Delphi Management Inc. MA Invests $571,000 in Jones Lang LaSalle Incorporated $JLL

Delphi Management Inc. MA purchased a new stake in shares of Jones Lang LaSalle Incorporated (NYSE:JLL) in the first quarter, according to its most recent Form 13F filing with the SEC. The firm purchased 1,875 shares of the financial services provider’s stock, valued at approximately $571,000.

Other hedge funds and other institutional investors have also bought and sold shares of the company. DigitalBridge Group Inc. bought a new position in shares of Jones Lang LaSalle in the third quarter worth approximately $1,223,000. Lighthouse Investment Partners LLC raised its holdings in Jones Lang LaSalle by 41.8% in the 3rd quarter. Lighthouse Investment Partners LLC now owns 30,316 shares of the financial services provider’s stock worth $9,043,000 after acquiring an additional 8,930 shares during the last quarter. William Blair Investment Management LLC raised its holdings in Jones Lang LaSalle by 25.0% in the 3rd quarter. William Blair Investment Management LLC now owns 143,274 shares of the financial services provider’s stock worth $42,736,000 after acquiring an additional 28,617 shares during the last quarter. GRS Advisors LLC bought a new position in Jones Lang LaSalle in the 3rd quarter valued at approximately $18,659,000. Finally, Bamco Inc. NY boosted its stake in Jones Lang LaSalle by 8.8% during the 3rd quarter. Bamco Inc. NY now owns 564,097 shares of the financial services provider’s stock valued at $168,259,000 after purchasing an additional 45,733 shares during the last quarter. Hedge funds and other institutional investors own 94.80% of the company’s stock.

Jones Lang LaSalle Stock Up 0.4%

Jones Lang LaSalle stock opened at $300.03 on Thursday. Jones Lang LaSalle Incorporated has a one year low of $243.94 and a one year high of $363.06. The stock has a fifty day moving average of $309.59 and a 200 day moving average of $319.33. The company has a debt-to-equity ratio of 0.15, a quick ratio of 2.35 and a current ratio of 2.35. The stock has a market cap of $13.92 billion, a PE ratio of 16.13 and a beta of 1.29.

Jones Lang LaSalle (NYSE:JLL) last announced its earnings results on Thursday, April 30th. The financial services provider reported $3.43 earnings per share (EPS) for the quarter, topping the consensus estimate of $3.01 by $0.42. Jones Lang LaSalle had a return on equity of 13.01% and a net margin of 3.35%.The business had revenue of $6.39 billion for the quarter, compared to analysts’ expectations of $6 billion. During the same period last year, the firm posted $2.31 earnings per share. The business’s revenue for the quarter was up 11.1% on a year-over-year basis. As a group, sell-side analysts predict that Jones Lang LaSalle Incorporated will post 22.8 EPS for the current year.

Wall Street Analysts Forecast Growth

JLL has been the subject of several recent analyst reports. Weiss Ratings cut Jones Lang LaSalle from a “buy (b)” rating to a “buy (b-)” rating in a research note on Thursday, May 28th. UBS Group increased 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. Zacks Research lowered Jones Lang LaSalle from a “strong-buy” rating to a “hold” rating in a research report on Friday, April 24th. Finally, Barclays upped their target price on shares of Jones Lang LaSalle from $348.00 to $366.00 and gave the company an “equal weight” rating in a research note on Wednesday, May 13th. Five investment analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the stock. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus price target of $394.00.

Insider Activity

In other Jones Lang LaSalle news, Director Larry Quinlan sold 403 shares of the company’s stock in a transaction that occurred 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 completion of the sale, the director directly owned 4,771 shares of the company’s stock, valued at approximately $1,408,112.94. This represents a 7.79% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders own 0.91% of the company’s stock.

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.