3,594 Shares in Jones Lang LaSalle Incorporated $JLL Purchased by Convergence Investment Partners LLC

Convergence Investment Partners LLC bought a new position in Jones Lang LaSalle Incorporated (NYSE:JLL) during the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm bought 3,594 shares of the financial services provider’s stock, valued at approximately $1,094,000.

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

Jones Lang LaSalle Trading Down 0.4%

Shares of JLL stock opened at $324.55 on Wednesday. Jones Lang LaSalle Incorporated has a 1 year low of $253.21 and a 1 year high of $363.06. The firm has a market capitalization of $15.06 billion, a PE ratio of 17.45 and a beta of 1.27. The stock has a fifty day moving average of $305.27 and a two-hundred day moving average of $317.56. The company has a debt-to-equity ratio of 0.15, a quick ratio of 2.35 and a current ratio of 2.35.

Jones Lang LaSalle (NYSE:JLL) last issued its quarterly earnings results on Thursday, April 30th. The financial services provider reported $3.43 EPS for the quarter, beating analysts’ consensus estimates of $3.01 by $0.42. Jones Lang LaSalle had a return on equity of 13.01% and a net margin of 3.35%.The company had revenue of $6.39 billion for the quarter, compared to analyst estimates of $6 billion. During the same period last year, the company earned $2.31 earnings per share. The company’s quarterly revenue was up 11.1% compared to the same quarter last year. As a group, research analysts expect that Jones Lang LaSalle Incorporated will post 22.83 EPS for the current year.

Analyst Ratings Changes

Several equities analysts have recently issued reports on the stock. Weiss Ratings downgraded shares of Jones Lang LaSalle from a “buy (b)” rating to a “buy (b-)” rating in a report on Thursday, May 28th. Barclays increased their price objective on shares of Jones Lang LaSalle from $348.00 to $366.00 and gave the stock an “equal weight” rating in a report on Wednesday, May 13th. UBS Group boosted their target price 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, Zacks Research upgraded shares of Jones Lang LaSalle from a “hold” rating to a “strong-buy” rating in a research report on Wednesday, June 24th. One research analyst has rated the stock with a Strong Buy rating, five have assigned a Buy rating and one has issued a Hold rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of “Buy” and an average target price of $394.00.

Insider Transactions at Jones Lang LaSalle

In other Jones Lang LaSalle news, Director Larry Quinlan sold 403 shares of the firm’s 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 owned 4,771 shares of the company’s stock, valued at approximately $1,408,112.94. This trade represents a 7.79% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. 0.91% of the stock is owned by corporate insiders.

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.