Fairvoy Private Wealth LLC Makes New $916,000 Investment in Jones Lang LaSalle Incorporated $JLL

Fairvoy Private Wealth LLC acquired a new position in Jones Lang LaSalle Incorporated (NYSE:JLL) in the 3rd quarter, Holdings Channel reports. The firm acquired 2,997 shares of the financial services provider’s stock, valued at approximately $916,000.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Mitsubishi UFJ Asset Management Co. Ltd. bought a new stake in shares of Jones Lang LaSalle during the 2nd quarter valued at about $26,000. Johnson Financial Group Inc. purchased a new position in shares of Jones Lang LaSalle during the second quarter valued at about $34,000. Pension & Wealth Management Advisors Inc. purchased a new position in shares of Jones Lang LaSalle during the third quarter valued at about $38,000. Hilton Head Capital Partners LLC raised its stake in Jones Lang LaSalle by 40.4% in the first quarter. Hilton Head Capital Partners LLC now owns 146 shares of the financial services provider’s stock worth $44,000 after buying an additional 42 shares in the last quarter. Finally, Rakuten Securities Inc. bought a new position in Jones Lang LaSalle in the second quarter worth about $63,000. 94.80% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling

In related news, CEO Christian Ulbrich sold 2,000 shares of the business’s stock in a transaction dated Thursday, August 20th. The shares were sold at an average price of $385.53, for a total transaction of $771,060.00. Following the sale, the chief executive officer owned 138,418 shares of the company’s stock, valued at $53,364,291.54. The trade was a 1.42% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders have sold a total of 6,000 shares of company stock worth $2,271,060 over the last 90 days. Insiders own 0.91% of the company’s stock.

Wall Street Analyst Weigh In

Several analysts have commented on the stock. Keefe, Bruyette & Woods cut their price objective on Jones Lang LaSalle from $415.00 to $385.00 and set an “outperform” rating on the stock in a research report on Friday, October 9th. Zacks Research downgraded Jones Lang LaSalle from a “strong-buy” rating to a “hold” rating in a report on Thursday, July 23rd. Weiss Ratings raised Jones Lang LaSalle from a “buy (b-)” rating to a “buy (b)” rating in a research report on Tuesday, August 18th. Barclays increased 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. Finally, Citigroup restated a “market perform” rating on shares of Jones Lang LaSalle in a research note on Thursday, September 17th. One analyst has rated the stock with a Strong Buy rating, four have assigned a Buy rating and three have given a Hold rating to the stock. According to data from MarketBeat, Jones Lang LaSalle has a consensus rating of “Moderate Buy” and a consensus target price of $427.60.

Jones Lang LaSalle Stock Down 0.9%

Shares of JLL stock traded down $2.76 during mid-day trading on Monday, reaching $302.75. 341,953 shares of the company’s stock traded hands, compared to its average volume of 435,640. The company’s 50-day moving average price is $341.98 and its 200-day moving average price is $326.51. The company has a market cap of $13.87 billion, a P/E ratio of 14.51 and a beta of 1.30. The company has a quick ratio of 2.40, a current ratio of 2.40 and a debt-to-equity ratio of 0.15. Jones Lang LaSalle Incorporated has a 12 month low of $259.83 and a 12 month high of $393.84.

Jones Lang LaSalle (NYSE:JLL) last issued its quarterly earnings results on Thursday, July 30th. The financial services provider reported $5.26 earnings per share (EPS) for the quarter, topping the consensus estimate of $4.56 by $0.70. The company had revenue of $6.93 billion during the quarter, compared to analyst estimates of $6.88 billion. Jones Lang LaSalle had a net margin of 3.64% and a return on equity of 13.99%. Jones Lang LaSalle’s quarterly revenue was up 10.8% compared to the same quarter last year. During the same period last year, the business earned $3.30 EPS. On average, equities analysts expect that Jones Lang LaSalle Incorporated will post 25.07 earnings per share for the current fiscal year.

Jones Lang LaSalle Company Profile

Jones Lang LaSalle Incorporated, doing business as JLL, is a global commercial real estate services and investment management company. It serves property owners, occupiers, investors and developers across a broad range of real estate sectors, including office, industrial, retail, residential, hospitality and specialized properties.

JLL’s services include leasing, capital markets and investment sales, property and facilities management, project and development management, valuation and advisory services, workplace strategy, sustainability consulting and real estate technology solutions.