NorthCrest Asset Manangement LLC Invests $842,000 in Jones Lang LaSalle Incorporated $JLL

NorthCrest Asset Manangement LLC purchased a new position in Jones Lang LaSalle Incorporated (NYSE:JLL) during the fourth quarter, HoldingsChannel reports. The firm purchased 2,411 shares of the financial services provider’s stock, valued at approximately $842,000.

Other institutional investors and hedge funds have also bought and sold shares of the company. Chilton Capital Management LLC raised its holdings in Jones Lang LaSalle by 33.0% in the third quarter. Chilton Capital Management LLC now owns 133 shares of the financial services provider’s stock worth $40,000 after buying an additional 33 shares during the last quarter. Southeast Asset Advisors LLC grew its holdings in shares of Jones Lang LaSalle by 0.7% during the second quarter. Southeast Asset Advisors LLC now owns 5,530 shares of the financial services provider’s stock valued at $1,414,000 after buying an additional 39 shares during the last quarter. IFP Advisors Inc increased its position in shares of Jones Lang LaSalle by 7.9% during the third quarter. IFP Advisors Inc now owns 544 shares of the financial services provider’s stock valued at $162,000 after acquiring an additional 40 shares in the last quarter. Northwestern Mutual Wealth Management Co. raised its holdings in Jones Lang LaSalle by 2.0% in the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 2,376 shares of the financial services provider’s stock worth $608,000 after acquiring an additional 47 shares during the last quarter. Finally, Quadrant Capital Group LLC raised its holdings in Jones Lang LaSalle by 1.2% in the 3rd quarter. Quadrant Capital Group LLC now owns 4,208 shares of the financial services provider’s stock worth $1,255,000 after acquiring an additional 51 shares during the last quarter. 94.80% of the stock is currently owned by institutional investors.

Insider Activity at Jones Lang LaSalle

In other news, Director Deborah H. Mcaneny sold 2,500 shares of the company’s stock in a transaction dated Tuesday, March 10th. The shares were sold at an average price of $300.50, for a total transaction of $751,250.00. Following the completion of the sale, the director owned 14,985 shares of the company’s stock, valued at $4,502,992.50. This represents a 14.30% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. 0.91% of the stock is owned by insiders.

Wall Street Analyst Weigh In

JLL has been the topic of several recent analyst reports. Zacks Research upgraded Jones Lang LaSalle from a “hold” rating to a “strong-buy” rating in a research note on Friday, February 20th. Weiss Ratings raised Jones Lang LaSalle from a “hold (c+)” rating to a “buy (b-)” rating in a report on Friday, February 20th. Keefe, Bruyette & Woods dropped their price objective on Jones Lang LaSalle from $405.00 to $380.00 and set an “outperform” rating on the stock in a research report on Tuesday, February 24th. Wall Street Zen raised Jones Lang LaSalle from a “buy” rating to a “strong-buy” rating in a research report on Sunday, January 11th. Finally, The Goldman Sachs Group raised their price target on shares of Jones Lang LaSalle from $361.00 to $407.00 and gave the company a “buy” rating in a report on Wednesday, November 26th. One analyst has rated the stock with a Strong Buy rating, five have issued a Buy rating and three have given a Hold rating to the company’s stock. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus price target of $363.17.

Jones Lang LaSalle Price Performance

NYSE JLL opened at $295.76 on Wednesday. The stock has a market capitalization of $13.86 billion, a price-to-earnings ratio of 18.02 and a beta of 1.42. Jones Lang LaSalle Incorporated has a 1-year low of $194.36 and a 1-year high of $363.06. The company has a debt-to-equity ratio of 0.10, a current ratio of 2.23 and a quick ratio of 2.23. The business’s fifty day moving average price is $321.18 and its 200-day moving average price is $318.08.

Jones Lang LaSalle (NYSE:JLL) last posted its quarterly earnings data on Wednesday, February 18th. The financial services provider reported $8.71 EPS for the quarter, beating analysts’ consensus estimates of $7.25 by $1.46. Jones Lang LaSalle had a return on equity of 12.50% and a net margin of 3.03%.The company had revenue of $7.61 billion during the quarter, compared to analysts’ expectations of $7.45 billion. During the same quarter in the prior year, the business earned $6.15 earnings per share. Jones Lang LaSalle’s revenue for the quarter was up 11.7% compared to the same quarter last year. On average, equities analysts predict that Jones Lang LaSalle Incorporated will post 16.45 earnings per share for the current 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.