Milford Funds Ltd. Takes Position in Jones Lang LaSalle Incorporated $JLL

Milford Funds Ltd. bought a new position in Jones Lang LaSalle Incorporated (NYSE:JLL) in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm bought 255,944 shares of the financial services provider’s stock, valued at approximately $86,117,000. Jones Lang LaSalle accounts for approximately 1.7% of Milford Funds Ltd.’s holdings, making the stock its 23rd biggest position.

Several other hedge funds and other institutional investors also recently made changes to their positions in JLL. Integrated Wealth Concepts LLC acquired a new position in shares of Jones Lang LaSalle in the first quarter worth about $546,000. Empowered Funds LLC boosted its holdings in shares of Jones Lang LaSalle by 203.1% in the first quarter. Empowered Funds LLC now owns 4,046 shares of the financial services provider’s stock worth $1,003,000 after buying an additional 2,711 shares during the period. EverSource Wealth Advisors LLC boosted its holdings in shares of Jones Lang LaSalle by 33.8% in the second quarter. EverSource Wealth Advisors LLC now owns 499 shares of the financial services provider’s stock worth $128,000 after buying an additional 126 shares during the period. Cresset Asset Management LLC boosted its holdings in shares of Jones Lang LaSalle by 28.4% in the second quarter. Cresset Asset Management LLC now owns 1,673 shares of the financial services provider’s stock worth $428,000 after buying an additional 370 shares during the period. Finally, Frontier Capital Management Co. LLC acquired a new position in shares of Jones Lang LaSalle in the second quarter worth about $211,000. 94.80% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling

In other news, CEO Richard Bloxam sold 5,440 shares of Jones Lang LaSalle stock in a transaction that occurred on Tuesday, March 24th. The shares were sold at an average price of $296.94, for a total value of $1,615,353.60. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. Also, Director Larry Quinlan sold 403 shares of Jones Lang LaSalle stock in a transaction that occurred on Friday, June 5th. The shares were sold at an average price of $295.14, for a total transaction of $118,941.42. Following the completion of the transaction, the director directly owned 4,771 shares in the company, valued at approximately $1,408,112.94. This represents a 7.79% decrease in their position. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Company insiders own 0.91% of the company’s stock.

Analyst Upgrades and Downgrades

Several research analysts have commented on JLL shares. Barclays raised their target price 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. Weiss Ratings cut shares of Jones Lang LaSalle from a “buy (b)” rating to a “buy (b-)” rating in a report on Thursday, May 28th. Keefe, Bruyette & Woods decreased their price target on shares of Jones Lang LaSalle from $405.00 to $380.00 and set an “outperform” rating for the company in a report on Tuesday, February 24th. Zacks Research cut shares of Jones Lang LaSalle from a “strong-buy” rating to a “hold” rating in a report on Friday, April 24th. Finally, UBS Group raised their price target on shares of Jones Lang LaSalle from $425.00 to $445.00 and gave the stock a “buy” rating in a report on Wednesday, April 22nd. Five equities research analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average price target of $394.00.

Jones Lang LaSalle Price Performance

Shares of JLL opened at $299.31 on Friday. The firm has a market cap of $13.88 billion, a PE ratio of 16.09 and a beta of 1.29. The firm’s 50 day moving average price is $311.99 and its 200 day moving average price is $320.95. 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 Incorporated has a twelve month low of $233.14 and a twelve month high of $363.06.

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 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 firm had revenue of $6.39 billion for the quarter, compared to analyst estimates of $6 billion. During the same quarter last year, the firm earned $2.31 earnings per share. The company’s revenue for the quarter was up 11.1% on a year-over-year basis. As a group, research analysts expect that Jones Lang LaSalle Incorporated will post 22.8 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.