17,728 Shares in Jones Lang LaSalle Incorporated $JLL Purchased by Midway Capital Research & Management

Midway Capital Research & Management bought a new stake in shares of Jones Lang LaSalle Incorporated (NYSE:JLL) in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The fund bought 17,728 shares of the financial services provider’s stock, valued at approximately $5,965,000. Jones Lang LaSalle comprises 5.8% of Midway Capital Research & Management’s holdings, making the stock its 3rd largest holding.

Other hedge funds and other institutional investors have also recently made changes to their positions in the company. Sunbelt Securities Inc. bought a new position in Jones Lang LaSalle in the 3rd quarter worth $25,000. International Assets Investment Management LLC purchased a new position in Jones Lang LaSalle in the 4th quarter worth approximately $29,000. Activest Wealth Management grew its stake in Jones Lang LaSalle by 1,720.0% during the fourth quarter. Activest Wealth Management now owns 91 shares of the financial services provider’s stock valued at $31,000 after acquiring an additional 86 shares in the last quarter. Hilton Head Capital Partners LLC purchased a new position in shares of Jones Lang LaSalle during the fourth quarter valued at about $35,000. Finally, True Wealth Design LLC grew its holdings 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 buying an additional 132 shares in the last quarter. Hedge funds and other institutional investors own 94.80% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities research analysts have issued reports on JLL shares. Zacks Research downgraded Jones Lang LaSalle from a “strong-buy” rating to a “hold” rating in a research report on Friday, April 24th. UBS Group lifted their price objective on shares of Jones Lang LaSalle from $425.00 to $445.00 and gave the company a “buy” rating in a report on Wednesday, April 22nd. Weiss Ratings lowered Jones Lang LaSalle from a “buy (b)” rating to a “buy (b-)” rating in a research report on Thursday, May 28th. Keefe, Bruyette & Woods dropped their price target on Jones Lang LaSalle from $405.00 to $380.00 and set an “outperform” rating on the stock in a research report on Tuesday, February 24th. Finally, Barclays boosted their price target on shares of Jones Lang LaSalle from $348.00 to $366.00 and gave the company an “equal weight” rating in a report on Wednesday, May 13th. Five investment analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the stock. According to data from MarketBeat, Jones Lang LaSalle has an average rating of “Moderate Buy” and a consensus target price of $394.00.

Jones Lang LaSalle Stock Down 0.1%

JLL stock opened at $297.12 on Friday. The firm’s fifty day simple moving average is $310.94 and its 200-day simple moving average is $319.97. The company has a market capitalization of $13.78 billion, a P/E ratio of 15.97 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. Jones Lang LaSalle Incorporated has a 12 month low of $237.03 and a 12 month high of $363.06.

Jones Lang LaSalle (NYSE:JLL) last issued its quarterly earnings data on Thursday, April 30th. The financial services provider reported $3.43 EPS for the quarter, topping analysts’ consensus estimates of $3.01 by $0.42. Jones Lang LaSalle had a net margin of 3.35% and a return on equity of 13.01%. The business had revenue of $6.39 billion for the quarter, compared to analysts’ expectations of $6 billion. During the same quarter last year, the company earned $2.31 EPS. The business’s revenue was up 11.1% on a year-over-year basis. As a group, equities research analysts forecast that Jones Lang LaSalle Incorporated will post 22.8 earnings per share for the current year.

Insider Buying and Selling 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 shares were sold at an average price of $295.14, for a total transaction of $118,941.42. Following the transaction, the director directly owned 4,771 shares of the company’s stock, valued at $1,408,112.94. The trade was a 7.79% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CEO Richard Bloxam sold 5,440 shares of Jones Lang LaSalle stock in a transaction on Tuesday, March 24th. The shares were sold at an average price of $296.94, for a total value of $1,615,353.60. The SEC filing for this sale provides additional information. Over the last three months, insiders sold 6,245 shares of company stock valued at $1,855,590. 0.91% of the stock is 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.