Jackson Creek Investment Advisors LLC Purchases New Position in Jones Lang LaSalle Incorporated $JLL

Jackson Creek Investment Advisors LLC purchased a new stake in Jones Lang LaSalle Incorporated (NYSE:JLL) in the 4th quarter, according to its most recent filing with the SEC. The institutional investor purchased 4,480 shares of the financial services provider’s stock, valued at approximately $1,507,000.

Other large investors have also recently added to or reduced their stakes in the company. M&T Bank Corp grew its stake in shares of Jones Lang LaSalle by 184,969.0% during the fourth quarter. M&T Bank Corp now owns 3,864,241 shares of the financial services provider’s stock valued at $1,300,201,000 after acquiring an additional 3,862,153 shares in the last quarter. Swedbank AB grew its stake in Jones Lang LaSalle by 0.5% in the fourth quarter. Swedbank AB now owns 993,742 shares of the financial services provider’s stock worth $334,364,000 after purchasing an additional 4,543 shares in the last quarter. Alliancebernstein L.P. grew its stake in Jones Lang LaSalle by 5.2% in the third quarter. Alliancebernstein L.P. now owns 598,980 shares of the financial services provider’s stock worth $178,664,000 after purchasing an additional 29,560 shares in the last quarter. Bamco Inc. NY lifted its holdings in Jones Lang LaSalle by 8.8% in the third quarter. Bamco Inc. NY now owns 564,097 shares of the financial services provider’s stock worth $168,259,000 after acquiring an additional 45,733 shares during the last quarter. Finally, Artemis Investment Management LLP lifted its holdings in Jones Lang LaSalle by 8.5% in the fourth quarter. Artemis Investment Management LLP now owns 402,173 shares of the financial services provider’s stock worth $135,319,000 after acquiring an additional 31,569 shares during the last quarter. 94.80% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of research firms have recently weighed in on JLL. Keefe, Bruyette & Woods cut their price target on Jones Lang LaSalle from $405.00 to $380.00 and set an “outperform” rating on the stock in a report on Tuesday, February 24th. Zacks Research lowered shares of Jones Lang LaSalle from a “strong-buy” rating to a “hold” rating in a research note on Friday, April 24th. Barclays raised their price objective on shares of Jones Lang LaSalle from $348.00 to $366.00 and gave the company an “equal weight” rating in a research note on Wednesday, May 13th. UBS Group raised their price objective on shares of Jones Lang LaSalle from $425.00 to $445.00 and gave the company a “buy” rating in a research note on Wednesday, April 22nd. Finally, Weiss Ratings upgraded shares of Jones Lang LaSalle from a “buy (b-)” rating to a “buy (b)” rating in a research report on Wednesday, May 13th. Five equities research analysts have rated the stock with a Buy rating and four have given a Hold rating to the company’s stock. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average price target of $368.33.

Insiders Place Their Bets

In other Jones Lang LaSalle news, Director Deborah H. Mcaneny sold 2,500 shares of the business’s stock in a transaction on Tuesday, March 10th. The shares were sold at an average price of $300.50, for a total transaction of $751,250.00. Following the completion of the transaction, the director owned 14,985 shares of the company’s stock, valued at $4,502,992.50. The trade was a 14.30% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO Richard Bloxam sold 5,440 shares of the business’s stock in a transaction on Tuesday, March 24th. The stock was sold at an average price of $296.94, for a total transaction of $1,615,353.60. The SEC filing for this sale provides additional information. 0.91% of the stock is owned by insiders.

Jones Lang LaSalle Trading Down 1.0%

Shares of NYSE:JLL opened at $288.85 on Wednesday. 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 Incorporated has a 12-month low of $217.21 and a 12-month high of $363.06. The firm has a fifty day moving average of $313.45 and a two-hundred day moving average of $321.78. The firm has a market capitalization of $13.40 billion, a P/E ratio of 15.53 and a beta of 1.34.

Jones Lang LaSalle (NYSE:JLL) last released its quarterly earnings data 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 net margin of 3.35% and a return on equity of 13.01%. The business had revenue of $6.39 billion during the quarter, compared to analyst estimates of $6 billion. During the same quarter in the previous year, the business earned $2.31 EPS. Jones Lang LaSalle’s quarterly revenue was up 11.1% compared to the same quarter last year. On average, equities analysts expect that Jones Lang LaSalle Incorporated will post 22.61 EPS for the current fiscal year.

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.