Pallas Capital Advisors LLC Makes New $807,000 Investment in Jones Lang LaSalle Incorporated $JLL

Pallas Capital Advisors LLC purchased a new stake in Jones Lang LaSalle Incorporated (NYSE:JLL) in the 4th quarter, HoldingsChannel.com reports. The firm purchased 2,399 shares of the financial services provider’s stock, valued at approximately $807,000.

Other hedge funds have also recently modified their holdings of the company. Sunbelt Securities Inc. bought a new position in Jones Lang LaSalle in the third quarter worth approximately $25,000. Chilton Capital Management LLC boosted its position in Jones Lang LaSalle by 33.0% during the 3rd quarter. Chilton Capital Management LLC now owns 133 shares of the financial services provider’s stock valued at $40,000 after acquiring an additional 33 shares in the last quarter. 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 valued at $45,000 after acquiring an additional 132 shares in the last quarter. Quent Capital LLC bought a new position in shares of Jones Lang LaSalle in the 3rd quarter worth $41,000. Finally, Root Financial Partners LLC purchased a new stake in shares of Jones Lang LaSalle during the 3rd quarter worth $44,000. Hedge funds and other institutional investors own 94.80% of the company’s stock.

Insider Buying and Selling at Jones Lang LaSalle

In other Jones Lang LaSalle news, 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 transaction of $1,615,353.60. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, Director Deborah H. Mcaneny sold 2,500 shares of the firm’s stock in a transaction dated 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 owned 14,985 shares of the company’s stock, valued at approximately $4,502,992.50. The trade was a 14.30% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. 0.91% of the stock is owned by corporate insiders.

Jones Lang LaSalle Stock Up 1.2%

JLL stock opened at $296.56 on Tuesday. The stock has a market capitalization of $13.89 billion, a PE ratio of 18.07 and a beta of 1.42. 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 moving average of $316.86 and a 200 day moving average of $317.72.

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 (EPS) 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 business had revenue of $7.61 billion for the quarter, compared to analyst estimates of $7.45 billion. During the same quarter in the prior year, the business posted $6.15 EPS. Jones Lang LaSalle’s revenue for the quarter was up 11.7% compared to the same quarter last year. Sell-side analysts forecast that Jones Lang LaSalle Incorporated will post 16.45 earnings per share for the current year.

Analyst Upgrades and Downgrades

Several equities analysts have issued reports on the company. UBS Group lifted their target price on Jones Lang LaSalle from $410.00 to $425.00 and gave the company a “buy” rating in a research note on Monday, February 23rd. Keefe, Bruyette & Woods lowered their price target on shares of Jones Lang LaSalle from $405.00 to $380.00 and set an “outperform” rating on the stock in a report on Tuesday, February 24th. Wall Street Zen raised shares of Jones Lang LaSalle from a “buy” rating to a “strong-buy” rating in a research report on Sunday, January 11th. Barclays reduced their price objective on shares of Jones Lang LaSalle from $360.00 to $355.00 and set an “equal weight” rating for the company in a research note on Friday, March 13th. Finally, Weiss Ratings upgraded shares of Jones Lang LaSalle from a “hold (c+)” rating to a “buy (b-)” rating in a research note on Friday, February 20th. One analyst has rated the stock with a Strong Buy rating, five have assigned a Buy rating and three have issued a Hold rating to the company’s stock. According to MarketBeat.com, Jones Lang LaSalle currently has an average rating of “Moderate Buy” and an average price target of $363.17.

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.