Moran Wealth Management LLC Purchases Shares of 14,474 Jones Lang LaSalle Incorporated $JLL

Moran Wealth Management LLC acquired a new stake in Jones Lang LaSalle Incorporated (NYSE:JLL) during the 1st quarter, according to its most recent filing with the Securities & Exchange Commission. The fund acquired 14,474 shares of the financial services provider’s stock, valued at approximately $4,405,000.

Other large investors also recently modified their holdings of the company. PFG Investments LLC lifted its stake in shares of Jones Lang LaSalle by 31.2% during the 1st quarter. PFG Investments LLC now owns 1,051 shares of the financial services provider’s stock worth $320,000 after buying an additional 250 shares during the last quarter. Optas LLC acquired a new position in Jones Lang LaSalle in the 1st quarter valued at about $208,000. Y Intercept Hong Kong Ltd acquired a new position in Jones Lang LaSalle in the 1st quarter valued at about $4,188,000. Leonteq Securities AG raised its holdings in Jones Lang LaSalle by 19.5% in the 1st quarter. Leonteq Securities AG now owns 3,757 shares of the financial services provider’s stock valued at $1,143,000 after acquiring an additional 613 shares during the period. Finally, Root Financial Partners LLC lifted its position in Jones Lang LaSalle by 27.4% during the first quarter. Root Financial Partners LLC now owns 223 shares of the financial services provider’s stock worth $68,000 after acquiring an additional 48 shares during the last quarter. 94.80% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

Several equities analysts have recently commented on the company. Barclays upped their target price 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. Zacks Research raised Jones Lang LaSalle from a “hold” rating to a “strong-buy” rating in a report on Wednesday, June 24th. UBS Group upped their price objective on Jones Lang LaSalle from $425.00 to $445.00 and gave the company a “buy” rating in a report on Wednesday, April 22nd. Finally, Weiss Ratings cut Jones Lang LaSalle from a “buy (b)” rating to a “buy (b-)” rating in a research report on Thursday, May 28th. One equities research analyst has rated the stock with a Strong Buy rating, five have given a Buy rating and two have given a Hold rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $394.00.

Jones Lang LaSalle Stock Up 0.0%

NYSE JLL opened at $327.58 on Friday. The business has a fifty day moving average price of $306.07 and a two-hundred day moving average price of $318.76. The stock has a market capitalization of $15.20 billion, a PE ratio of 17.61 and a beta of 1.27. Jones Lang LaSalle Incorporated has a fifty-two week low of $246.07 and a fifty-two week high of $363.06. The company has a debt-to-equity ratio of 0.15, a current ratio of 2.35 and a quick ratio of 2.35.

Jones Lang LaSalle (NYSE:JLL) last issued its quarterly earnings results on Thursday, April 30th. The financial services provider reported $3.43 earnings per share (EPS) for the quarter, beating 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 company had revenue of $6.39 billion for the quarter, compared to analyst estimates of $6 billion. During the same quarter last year, the company posted $2.31 EPS. The company’s revenue for the quarter was up 11.1% compared to the same quarter last year. Equities analysts expect that Jones Lang LaSalle Incorporated will post 22.84 earnings per share for the current fiscal year.

Insider Transactions at Jones Lang LaSalle

In other Jones Lang LaSalle news, Director Larry Quinlan sold 403 shares of Jones Lang LaSalle stock in a transaction dated Friday, June 5th. The stock was sold at an average price of $295.14, for a total value of $118,941.42. Following the transaction, the director owned 4,771 shares in the company, valued at $1,408,112.94. The trade was a 7.79% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. 0.91% of the stock is currently owned by corporate insiders.

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.