Corient Private Wealth LLC Boosts Stake in Jones Lang LaSalle Incorporated $JLL

Corient Private Wealth LLC grew its position in shares of Jones Lang LaSalle Incorporated (NYSE:JLL) by 14.9% in the 4th quarter, HoldingsChannel.com reports. The fund owned 74,277 shares of the financial services provider’s stock after acquiring an additional 9,623 shares during the period. Corient Private Wealth LLC’s holdings in Jones Lang LaSalle were worth $24,992,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also modified their holdings of JLL. Sunbelt Securities Inc. purchased a new position in Jones Lang LaSalle in the third quarter valued at approximately $25,000. International Assets Investment Management LLC purchased a new stake in Jones Lang LaSalle during the fourth quarter worth approximately $29,000. Activest Wealth Management increased its position in shares of Jones Lang LaSalle by 1,720.0% in the fourth quarter. Activest Wealth Management now owns 91 shares of the financial services provider’s stock worth $31,000 after acquiring an additional 86 shares in the last quarter. Hilton Head Capital Partners LLC acquired a new position in shares of Jones Lang LaSalle during the 4th quarter valued at $35,000. Finally, True Wealth Design LLC boosted its position in Jones Lang LaSalle by 13,200.0% during the 4th quarter. True Wealth Design LLC now owns 133 shares of the financial services provider’s stock worth $45,000 after purchasing an additional 132 shares during the period. 94.80% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several research analysts have commented on the company. Barclays raised 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 lowered Jones Lang LaSalle from a “buy (b)” rating to a “buy (b-)” rating in a research note on Thursday, May 28th. Zacks Research downgraded Jones Lang LaSalle from a “strong-buy” rating to a “hold” rating in a report on Friday, April 24th. UBS Group upped their price target on Jones Lang LaSalle from $425.00 to $445.00 and gave the stock a “buy” rating in a report on Wednesday, April 22nd. Finally, Keefe, Bruyette & Woods lowered their price objective on shares of Jones Lang LaSalle from $405.00 to $380.00 and set an “outperform” rating for the company in a research report on Tuesday, February 24th. Five research analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company’s stock. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average price target of $394.00.

Jones Lang LaSalle Stock Down 0.6%

Shares of Jones Lang LaSalle stock opened at $295.49 on Tuesday. Jones Lang LaSalle Incorporated has a 1-year low of $238.12 and a 1-year high of $363.06. The company has a market capitalization of $13.71 billion, a PE ratio of 15.89 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. The business has a 50-day moving average of $310.45 and a 200-day moving average of $319.74.

Jones Lang LaSalle (NYSE:JLL) last released its quarterly earnings results on Thursday, April 30th. The financial services provider reported $3.43 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 quarter in the previous year, the firm posted $2.31 earnings per share. The company’s revenue was up 11.1% compared to the same quarter last year. As a group, equities analysts forecast that Jones Lang LaSalle Incorporated will post 22.8 EPS for the current fiscal year.

Insider Activity

In other news, Director Larry Quinlan sold 403 shares of the 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 completion of the transaction, the director directly owned 4,771 shares in the company, valued at approximately $1,408,112.94. This represents a 7.79% decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. 0.91% of the stock is currently owned by insiders.

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.