Jones Lang LaSalle Incorporated $JLL Shares Bought by NEOS Investment Management LLC

NEOS Investment Management LLC lifted its position in shares of Jones Lang LaSalle Incorporated (NYSE:JLL) by 16.2% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 10,015 shares of the financial services provider’s stock after purchasing an additional 1,394 shares during the quarter. NEOS Investment Management LLC’s holdings in Jones Lang LaSalle were worth $3,104,000 as of its most recent SEC filing.

Other institutional investors have also recently made changes to their positions in the company. Integrated Wealth Concepts LLC acquired a new stake in Jones Lang LaSalle during the first quarter valued at $546,000. Empowered Funds LLC raised its position in shares of Jones Lang LaSalle by 203.1% in the first quarter. Empowered Funds LLC now owns 4,046 shares of the financial services provider’s stock worth $1,003,000 after acquiring an additional 2,711 shares during the period. EverSource Wealth Advisors LLC boosted its stake in shares of Jones Lang LaSalle by 33.8% during the 2nd quarter. EverSource Wealth Advisors LLC now owns 499 shares of the financial services provider’s stock worth $128,000 after acquiring an additional 126 shares in the last quarter. Cresset Asset Management LLC boosted its stake in shares of Jones Lang LaSalle by 28.4% during the 2nd quarter. Cresset Asset Management LLC now owns 1,673 shares of the financial services provider’s stock worth $428,000 after acquiring an additional 370 shares in the last quarter. Finally, Frontier Capital Management Co. LLC acquired a new stake in shares of Jones Lang LaSalle during the 2nd quarter valued at about $211,000. 94.80% of the stock is owned by hedge funds and other institutional investors.

Jones Lang LaSalle Trading Down 0.0%

JLL stock opened at $362.33 on Tuesday. Jones Lang LaSalle Incorporated has a 12-month low of $259.83 and a 12-month high of $393.84. The business’s 50-day moving average is $350.95 and its 200 day moving average is $323.17. The company has a current ratio of 2.40, a quick ratio of 2.40 and a debt-to-equity ratio of 0.15. The stock has a market cap of $16.67 billion, a price-to-earnings ratio of 17.36 and a beta of 1.24.

Jones Lang LaSalle (NYSE:JLL) last released its earnings results on Thursday, July 30th. The financial services provider reported $5.26 earnings per share for the quarter, beating the consensus estimate of $4.56 by $0.70. The business had revenue of $6.93 billion for the quarter, compared to the consensus estimate of $6.88 billion. Jones Lang LaSalle had a return on equity of 13.99% and a net margin of 3.64%.The business’s quarterly revenue was up 10.8% compared to the same quarter last year. During the same quarter last year, the business posted $3.30 earnings per share. On average, sell-side analysts anticipate that Jones Lang LaSalle Incorporated will post 25.05 EPS for the current fiscal year.

Insiders Place Their Bets

In other news, CEO Christian Ulbrich sold 2,000 shares of the stock in a transaction dated Thursday, August 20th. The shares were sold at an average price of $385.53, for a total value of $771,060.00. Following the completion of the sale, the chief executive officer directly owned 138,418 shares in the company, valued at $53,364,291.54. This represents a 1.42% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director Larry Quinlan sold 402 shares of the firm’s stock in a transaction dated Friday, June 12th. The stock was sold at an average price of $301.73, for a total transaction of $121,295.46. Following the completion of the transaction, the director directly owned 4,369 shares in the company, valued at approximately $1,318,258.37. This represents a 8.43% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders sold a total of 6,402 shares of company stock worth $2,392,355 in the last 90 days. 0.91% of the stock is currently owned by insiders.

Wall Street Analyst Weigh In

A number of research firms recently weighed in on JLL. Weiss Ratings raised Jones Lang LaSalle from a “buy (b-)” rating to a “buy (b)” rating in a report on Tuesday, August 18th. Raymond James Financial restated a “strong-buy” rating and issued a $500.00 price objective on shares of Jones Lang LaSalle in a research report on Thursday, July 30th. Keefe, Bruyette & Woods upped their target price on Jones Lang LaSalle from $375.00 to $415.00 and gave the stock an “outperform” rating in a research note on Monday, August 3rd. Barclays lifted their price target on shares of 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. Finally, Zacks Research lowered shares of Jones Lang LaSalle from a “strong-buy” rating to a “hold” rating in a report on Thursday, July 23rd. One research analyst has rated the stock with a Strong Buy rating, four have assigned a Buy rating and two have assigned a Hold rating to the company’s stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $433.60.

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.