Global Retirement Partners LLC Grows Stock Position in Jones Lang LaSalle Incorporated $JLL

Global Retirement Partners LLC increased its holdings in Jones Lang LaSalle Incorporated (NYSE:JLL) by 2,040.0% during the 4th quarter, Holdings Channel.com reports. The institutional investor owned 1,926 shares of the financial services provider’s stock after purchasing an additional 1,836 shares during the quarter. Global Retirement Partners LLC’s holdings in Jones Lang LaSalle were worth $648,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also made changes to their positions in the business. Leonteq Securities AG purchased a new stake in shares of Jones Lang LaSalle in the 4th quarter worth about $1,058,000. HighTower Advisors LLC boosted its position in shares of Jones Lang LaSalle by 1.0% in the 4th quarter. HighTower Advisors LLC now owns 4,740 shares of the financial services provider’s stock worth $1,595,000 after buying an additional 49 shares in the last quarter. Envestnet Portfolio Solutions Inc. boosted its position in shares of Jones Lang LaSalle by 17.1% in the 4th quarter. Envestnet Portfolio Solutions Inc. now owns 4,559 shares of the financial services provider’s stock worth $1,534,000 after buying an additional 667 shares in the last quarter. Alta Capital Management LLC purchased a new stake in shares of Jones Lang LaSalle in the 4th quarter worth about $254,000. Finally, TD Private Client Wealth LLC purchased a new stake in shares of Jones Lang LaSalle in the 4th quarter worth about $509,000. 94.80% of the stock is currently owned by hedge funds and other institutional investors.

Jones Lang LaSalle Trading Down 1.0%

NYSE JLL opened at $288.85 on Wednesday. Jones Lang LaSalle Incorporated has a 12 month low of $217.21 and a 12 month high of $363.06. The company has a 50-day moving average of $313.45 and a 200-day moving average of $321.78. The company has a debt-to-equity ratio of 0.15, a current ratio of 2.35 and a quick ratio of 2.35. The company has a market cap of $13.40 billion, a P/E ratio of 15.53 and a beta of 1.34.

Jones Lang LaSalle (NYSE:JLL) last posted its quarterly earnings data on Thursday, April 30th. The financial services provider reported $3.43 EPS for the quarter, beating analysts’ consensus estimates of $3.01 by $0.42. Jones Lang LaSalle had a net margin of 3.35% and a return on equity of 13.01%. The company had revenue of $6.39 billion during the quarter, compared to the consensus estimate of $6 billion. During the same quarter in the prior year, the company posted $2.31 EPS. The company’s quarterly revenue was up 11.1% compared to the same quarter last year. As a group, equities analysts predict that Jones Lang LaSalle Incorporated will post 22.61 earnings per share for the current year.

Insider Transactions at Jones Lang LaSalle

In other news, Director Deborah H. Mcaneny sold 2,500 shares of the business’s stock in a transaction dated Tuesday, March 10th. The stock was sold at an average price of $300.50, for a total transaction of $751,250.00. Following the completion of the sale, the director owned 14,985 shares in the company, valued at approximately $4,502,992.50. The trade was a 14.30% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, CEO Richard Bloxam sold 5,440 shares of the business’s stock in a transaction dated Tuesday, March 24th. The stock was 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.

Wall Street Analyst Weigh In

Several research analysts recently weighed in on the stock. Barclays boosted 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. UBS Group boosted their target price on shares of Jones Lang LaSalle from $425.00 to $445.00 and gave the company a “buy” rating in a research note on Wednesday, April 22nd. Zacks Research downgraded shares of Jones Lang LaSalle from a “strong-buy” rating to a “hold” rating in a research note on Friday, April 24th. Weiss Ratings raised shares of Jones Lang LaSalle from a “buy (b-)” rating to a “buy (b)” rating in a research note on Wednesday, May 13th. Finally, Keefe, Bruyette & Woods cut their target price on shares of Jones Lang LaSalle from $405.00 to $380.00 and set an “outperform” rating for the company in a research note on Tuesday, February 24th. Five equities research analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the company. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and an average target price of $368.33.

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.