Capstone Investment Advisors LLC Purchases Shares of 3,017 Jones Lang LaSalle Incorporated $JLL

Capstone Investment Advisors LLC acquired a new position in shares of Jones Lang LaSalle Incorporated (NYSE:JLL) during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm acquired 3,017 shares of the financial services provider’s stock, valued at approximately $935,000.

A number of other large investors have also modified their holdings of the company. BlackRock Inc. bought a new stake in Jones Lang LaSalle in the 2nd quarter valued at $1,446,414,000. Price T Rowe Associates Inc. MD boosted its position in shares of Jones Lang LaSalle by 17.8% during the 4th quarter. Price T Rowe Associates Inc. MD now owns 1,180,514 shares of the financial services provider’s stock valued at $397,209,000 after acquiring an additional 178,677 shares in the last quarter. Swedbank AB increased 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 valued at $334,364,000 after acquiring an additional 4,543 shares during the period. Geode Capital Management LLC raised its position in Jones Lang LaSalle by 1.6% in the fourth quarter. Geode Capital Management LLC now owns 990,836 shares of the financial services provider’s stock worth $333,451,000 after purchasing an additional 15,995 shares in the last quarter. Finally, AQR Capital Management LLC lifted its stake in Jones Lang LaSalle by 426.7% during the fourth quarter. AQR Capital Management LLC now owns 899,625 shares of the financial services provider’s stock worth $302,697,000 after purchasing an additional 728,824 shares during the period. 94.80% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling at Jones Lang LaSalle

In other news, Director Larry Quinlan sold 402 shares of the firm’s stock in a transaction on Friday, June 12th. The stock was sold at an average price of $301.73, for a total value of $121,295.46. Following the completion of the sale, the director directly owned 4,369 shares in the company, valued at approximately $1,318,258.37. This trade represents a 8.43% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CEO Christian Ulbrich sold 2,000 shares of Jones Lang LaSalle stock in a transaction dated Thursday, August 20th. The shares were sold at an average price of $385.53, for a total value of $771,060.00. Following the completion of the transaction, the chief executive officer directly owned 138,418 shares of the company’s stock, valued at $53,364,291.54. This represents a 1.42% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders have sold 6,805 shares of company stock worth $2,511,297 in the last 90 days. Company insiders own 0.91% of the company’s stock.

Jones Lang LaSalle Stock Performance

NYSE:JLL opened at $379.13 on Friday. The stock has a market capitalization of $17.44 billion, a P/E ratio of 18.17 and a beta of 1.25. The company has a current ratio of 2.40, a quick ratio of 2.40 and a debt-to-equity ratio of 0.15. Jones Lang LaSalle Incorporated has a 1 year low of $259.83 and a 1 year high of $393.84. The firm has a 50 day moving average of $342.67 and a 200-day moving average of $320.38.

Jones Lang LaSalle (NYSE:JLL) last released its quarterly earnings results on Thursday, July 30th. The financial services provider reported $5.26 EPS for the quarter, topping analysts’ consensus estimates of $4.56 by $0.70. Jones Lang LaSalle had a return on equity of 13.99% and a net margin of 3.64%.The business had revenue of $6.93 billion for the quarter, compared to analyst estimates of $6.88 billion. During the same period in the prior year, the company earned $3.30 EPS. Jones Lang LaSalle’s revenue for the quarter was up 10.8% on a year-over-year basis. As a group, sell-side analysts anticipate that Jones Lang LaSalle Incorporated will post 24.59 EPS for the current fiscal year.

Wall Street Analyst Weigh In

A number of equities research analysts have weighed in on JLL shares. Weiss Ratings raised Jones Lang LaSalle from a “buy (b-)” rating to a “buy (b)” rating in a report on Tuesday, August 18th. Barclays raised their target price on Jones Lang LaSalle from $368.00 to $401.00 and gave the stock an “equal weight” rating in a research report on Monday, August 17th. Zacks Research cut Jones Lang LaSalle from a “strong-buy” rating to a “hold” rating in a research report on Thursday, July 23rd. Keefe, Bruyette & Woods increased their price objective on Jones Lang LaSalle from $375.00 to $415.00 and gave the stock an “outperform” rating in a research note on Monday, August 3rd. Finally, Raymond James Financial reissued a “strong-buy” rating and set a $500.00 price objective on shares of Jones Lang LaSalle in a report on Thursday, July 30th. One equities research analyst has rated the stock with a Strong Buy rating, four have issued a Buy rating and two have assigned a Hold rating to the company’s stock. Based on data from MarketBeat.com, Jones Lang LaSalle has a consensus rating of “Moderate Buy” and an average target price of $433.60.

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.