Jones Lang LaSalle Incorporated $JLL Shares Newly Bought by Fairvoy Private Wealth LLC

Fairvoy Private Wealth LLC purchased a new position in shares of Jones Lang LaSalle Incorporated (NYSE:JLL) in the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund purchased 2,997 shares of the financial services provider’s stock, valued at approximately $916,000.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Mitsubishi UFJ Asset Management Co. Ltd. bought a new position in shares of Jones Lang LaSalle during the 2nd quarter valued at about $26,000. Johnson Financial Group Inc. bought a new stake in Jones Lang LaSalle in the 2nd quarter worth approximately $34,000. Pension & Wealth Management Advisors Inc. bought a new stake in Jones Lang LaSalle in the 3rd quarter worth approximately $38,000. Hilton Head Capital Partners LLC lifted its position in Jones Lang LaSalle by 40.4% in the 1st quarter. Hilton Head Capital Partners LLC now owns 146 shares of the financial services provider’s stock worth $44,000 after buying an additional 42 shares during the last quarter. Finally, Rakuten Securities Inc. purchased a new stake in Jones Lang LaSalle in the second quarter worth approximately $63,000. 94.80% of the stock is currently owned by hedge funds and other institutional investors.

Jones Lang LaSalle Trading Down 0.9%

Jones Lang LaSalle stock traded down $2.76 during trading hours on Monday, reaching $302.75. The stock had a trading volume of 341,953 shares, compared to its average volume of 435,640. The stock has a market cap of $13.87 billion, a PE ratio of 14.51 and a beta of 1.30. Jones Lang LaSalle Incorporated has a 52 week low of $259.83 and a 52 week high of $393.84. The company has a debt-to-equity ratio of 0.15, a current ratio of 2.40 and a quick ratio of 2.40. The company has a fifty day simple moving average of $341.98 and a 200-day simple moving average of $326.51.

Jones Lang LaSalle (NYSE:JLL) last released its quarterly earnings data on Thursday, July 30th. The financial services provider reported $5.26 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $4.56 by $0.70. The firm had revenue of $6.93 billion for the quarter, compared to analysts’ expectations of $6.88 billion. Jones Lang LaSalle had a net margin of 3.64% and a return on equity of 13.99%. The company’s revenue for the quarter was up 10.8% compared to the same quarter last year. During the same quarter in the previous year, the company earned $3.30 earnings per share. Analysts forecast that Jones Lang LaSalle Incorporated will post 25.07 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

Several research analysts have commented on JLL shares. Citigroup reissued a “market perform” rating on shares of Jones Lang LaSalle in a research note on Thursday, September 17th. Barclays raised their price objective on Jones Lang LaSalle from $368.00 to $401.00 and gave the company an “equal weight” rating in a research note on Monday, August 17th. Weiss Ratings upgraded Jones Lang LaSalle from a “buy (b-)” rating to a “buy (b)” rating in a research report on Tuesday, August 18th. Raymond James Financial reaffirmed a “strong-buy” rating and issued a $500.00 price target on shares of Jones Lang LaSalle in a research note on Thursday, July 30th. Finally, Keefe, Bruyette & Woods lowered their price objective on Jones Lang LaSalle from $415.00 to $385.00 and set an “outperform” rating for the company in a research report on Friday, October 9th. One research analyst has rated the stock with a Strong Buy rating, four have issued a Buy rating and three have issued a Hold rating to the stock. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average target price of $427.60.

Insider Transactions at Jones Lang LaSalle

In other Jones Lang LaSalle news, CEO Christian Ulbrich sold 2,000 shares of the company’s stock in a transaction that occurred on Thursday, August 20th. The stock was sold at an average price of $385.53, for a total transaction of $771,060.00. Following the completion of the transaction, the chief executive officer owned 138,418 shares of the company’s stock, valued at $53,364,291.54. This represents a 1.42% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. In the last quarter, insiders sold 6,000 shares of company stock worth $2,271,060. 0.91% of the stock is owned by insiders.

Jones Lang LaSalle Profile

Jones Lang LaSalle Incorporated, doing business as JLL, is a global commercial real estate services and investment management company. It serves property owners, occupiers, investors and developers across a broad range of real estate sectors, including office, industrial, retail, residential, hospitality and specialized properties.

JLL’s services include leasing, capital markets and investment sales, property and facilities management, project and development management, valuation and advisory services, workplace strategy, sustainability consulting and real estate technology solutions.