First National Bank of Omaha Makes New Investment in Jones Lang LaSalle Incorporated $JLL

First National Bank of Omaha bought a new stake in Jones Lang LaSalle Incorporated (NYSE:JLL) during the 3rd quarter, HoldingsChannel.com reports. The institutional investor bought 28,178 shares of the financial services provider’s stock, valued at approximately $8,405,000.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Chilton Capital Management LLC bought a new stake in Jones Lang LaSalle in the 2nd quarter valued at about $26,000. Quent Capital LLC bought a new stake in shares of Jones Lang LaSalle in the third quarter valued at approximately $41,000. Root Financial Partners LLC purchased a new stake in shares of Jones Lang LaSalle during the 3rd quarter valued at approximately $44,000. Caldwell Trust Co bought a new position in Jones Lang LaSalle in the 2nd quarter worth approximately $38,000. Finally, Steph & Co. purchased a new position in Jones Lang LaSalle in the 3rd quarter valued at approximately $50,000. Institutional investors own 94.80% of the company’s stock.

Jones Lang LaSalle Stock Down 0.8%

Shares of NYSE JLL opened at $286.82 on Wednesday. The company has a current ratio of 2.31, a quick ratio of 2.31 and a debt-to-equity ratio of 0.13. The business has a 50-day moving average of $339.18 and a 200-day moving average of $316.17. The firm has a market capitalization of $13.54 billion, a price-to-earnings ratio of 22.00 and a beta of 1.42. Jones Lang LaSalle Incorporated has a 12 month low of $194.36 and a 12 month high of $363.06.

Insider Buying and Selling

In other news, CEO Christian Ulbrich sold 5,000 shares of Jones Lang LaSalle stock in a transaction on Tuesday, November 25th. The shares were sold at an average price of $330.33, for a total transaction of $1,651,650.00. Following the completion of the sale, the chief executive officer directly owned 134,685 shares of the company’s stock, valued at approximately $44,490,496.05. The trade was a 3.58% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Over the last three months, insiders have sold 20,000 shares of company stock valued at $6,609,091. 0.91% of the stock is owned by insiders.

Analyst Upgrades and Downgrades

JLL has been the subject of a number of analyst reports. Barclays assumed coverage on Jones Lang LaSalle in a report on Tuesday, December 2nd. They issued an “equal weight” rating and a $351.00 price target for the company. The Goldman Sachs Group raised their target price on Jones Lang LaSalle from $361.00 to $407.00 and gave the stock a “buy” rating in a research note on Wednesday, November 26th. Keefe, Bruyette & Woods upped their price target on Jones Lang LaSalle from $390.00 to $405.00 and gave the company an “outperform” rating in a research report on Thursday, January 8th. Wall Street Zen raised shares of Jones Lang LaSalle from a “buy” rating to a “strong-buy” rating in a report on Sunday, January 11th. Finally, Weiss Ratings reaffirmed a “hold (c+)” rating on shares of Jones Lang LaSalle in a research note on Thursday, January 22nd. Four equities research analysts have rated the stock with a Buy rating and four have given a Hold rating to the company. Based on data from MarketBeat.com, Jones Lang LaSalle currently has a consensus rating of “Moderate Buy” and a consensus target price of $364.17.

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.