Delphi Management Inc. MA Purchases Shares of 1,875 Jones Lang LaSalle Incorporated $JLL

Delphi Management Inc. MA purchased a new position in Jones Lang LaSalle Incorporated (NYSE:JLL) in the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 1,875 shares of the financial services provider’s stock, valued at approximately $571,000.

A number of other large investors have also recently made changes to their positions in JLL. Sunbelt Securities Inc. bought a new position in shares of Jones Lang LaSalle during the 3rd quarter valued at approximately $25,000. International Assets Investment Management LLC bought a new stake in Jones Lang LaSalle during the 4th quarter worth approximately $29,000. Activest Wealth Management lifted its holdings 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 purchasing an additional 86 shares in the last quarter. Hilton Head Capital Partners LLC bought a new position in shares of Jones Lang LaSalle in the fourth quarter worth approximately $35,000. Finally, True Wealth Design LLC increased its stake in shares of Jones Lang LaSalle by 13,200.0% in the fourth quarter. True Wealth Design LLC now owns 133 shares of the financial services provider’s stock worth $45,000 after purchasing an additional 132 shares in the last quarter. 94.80% of the stock is owned by hedge funds and other institutional investors.

Jones Lang LaSalle Stock Up 0.4%

Shares of JLL stock opened at $300.03 on Thursday. The company’s fifty day simple moving average is $309.59 and its two-hundred day simple moving average is $319.33. Jones Lang LaSalle Incorporated has a 52 week low of $243.94 and a 52 week high of $363.06. The stock has a market cap of $13.92 billion, a P/E ratio of 16.13 and a beta of 1.29. The company has a quick ratio of 2.35, a current ratio of 2.35 and a debt-to-equity ratio of 0.15.

Jones Lang LaSalle (NYSE:JLL) last issued its quarterly earnings data on Thursday, April 30th. The financial services provider reported $3.43 earnings per share for the quarter, beating analysts’ consensus estimates of $3.01 by $0.42. The firm had revenue of $6.39 billion during the quarter, compared to analyst estimates of $6 billion. Jones Lang LaSalle had a return on equity of 13.01% and a net margin of 3.35%.The business’s quarterly revenue was up 11.1% compared to the same quarter last year. During the same quarter last year, the business posted $2.31 earnings per share. Analysts predict that Jones Lang LaSalle Incorporated will post 22.8 EPS for the current fiscal year.

Insider Activity at Jones Lang LaSalle

In other Jones Lang LaSalle news, Director Larry Quinlan sold 403 shares of Jones Lang LaSalle stock in a transaction on Friday, June 5th. The shares were sold at an average price of $295.14, for a total value of $118,941.42. Following the completion of the transaction, the director directly owned 4,771 shares of the company’s stock, valued at $1,408,112.94. This trade represents a 7.79% decrease in their position. The sale was disclosed in a 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 owned by insiders.

Wall Street Analyst Weigh In

JLL has been the topic of several recent analyst reports. Weiss Ratings downgraded shares of Jones Lang LaSalle from a “buy (b)” rating to a “buy (b-)” rating in a research report on Thursday, May 28th. Barclays increased their price target on Jones Lang LaSalle from $348.00 to $366.00 and gave the stock an “equal weight” rating in a research note on Wednesday, May 13th. UBS Group boosted their price objective on Jones Lang LaSalle from $425.00 to $445.00 and gave the company a “buy” rating in a research report on Wednesday, April 22nd. Finally, Zacks Research lowered Jones Lang LaSalle from a “strong-buy” rating to a “hold” rating in a research note on Friday, April 24th. Five equities research analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company’s stock. Based on data from MarketBeat, Jones Lang LaSalle presently has an average rating of “Moderate Buy” and an average price target of $394.00.

Jones Lang LaSalle 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.