Meeder Asset Management Inc. Purchases Shares of 2,551 Jones Lang LaSalle Incorporated $JLL

Meeder Asset Management Inc. purchased a new stake in Jones Lang LaSalle Incorporated (NYSE:JLL) in the 2nd quarter, HoldingsChannel.com reports. The fund purchased 2,551 shares of the financial services provider’s stock, valued at approximately $791,000.

Several other hedge funds and other institutional investors have also recently bought and sold shares of JLL. Assetmark Inc. lifted its holdings in shares of Jones Lang LaSalle by 15.8% during the 4th quarter. Assetmark Inc. now owns 220 shares of the financial services provider’s stock worth $74,000 after acquiring an additional 30 shares during the period. Hilton Head Capital Partners LLC lifted its stake in Jones Lang LaSalle by 40.4% during the first quarter. Hilton Head Capital Partners LLC now owns 146 shares of the financial services provider’s stock worth $44,000 after purchasing an additional 42 shares during the period. UMB Bank n.a. boosted its holdings in Jones Lang LaSalle by 10.6% during the fourth quarter. UMB Bank n.a. now owns 490 shares of the financial services provider’s stock valued at $165,000 after purchasing an additional 47 shares in the last quarter. Ballentine Partners LLC grew its stake in shares of Jones Lang LaSalle by 5.3% in the 4th quarter. Ballentine Partners LLC now owns 951 shares of the financial services provider’s stock valued at $320,000 after purchasing an additional 48 shares during the period. Finally, Root Financial Partners LLC lifted its position in shares of Jones Lang LaSalle by 27.4% during the 1st quarter. Root Financial Partners LLC now owns 223 shares of the financial services provider’s stock worth $68,000 after buying an additional 48 shares during the period. 94.80% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

A number of brokerages have issued reports on JLL. Weiss Ratings cut Jones Lang LaSalle from a “buy (b)” rating to a “buy (b-)” rating in a report on Thursday, May 28th. Zacks Research lowered shares of Jones Lang LaSalle from a “strong-buy” rating to a “hold” rating in a report on Thursday, July 23rd. Raymond James Financial restated a “strong-buy” rating and set a $500.00 price target on shares of Jones Lang LaSalle in a research report on Thursday, July 30th. UBS Group boosted their price objective on Jones Lang LaSalle from $425.00 to $445.00 and gave the stock a “buy” rating in a research note on Wednesday, April 22nd. Finally, Barclays upped their target price on shares of Jones Lang LaSalle from $368.00 to $401.00 and gave the stock an “equal weight” rating in a research report on Monday. One investment analyst has rated the stock with a Strong Buy rating, five have given a Buy rating and two have issued a Hold rating to the company’s stock. According to MarketBeat, Jones Lang LaSalle presently has an average rating of “Moderate Buy” and a consensus target price of $423.33.

Jones Lang LaSalle Trading Up 0.2%

NYSE JLL opened at $371.01 on Wednesday. Jones Lang LaSalle Incorporated has a 12 month low of $259.83 and a 12 month high of $376.85. The stock has a 50-day simple moving average of $330.35 and a 200 day simple moving average of $318.29. The company has a current ratio of 2.40, a quick ratio of 2.40 and a debt-to-equity ratio of 0.15. The company has a market capitalization of $17.07 billion, a PE ratio of 17.78 and a beta of 1.24.

Jones Lang LaSalle (NYSE:JLL) last posted its earnings results on Thursday, July 30th. The financial services provider reported $5.26 earnings per share for the quarter, topping the consensus estimate of $4.56 by $0.70. Jones Lang LaSalle had a net margin of 3.64% and a return on equity of 13.99%. The company had revenue of $6.93 billion for the quarter, compared to analyst estimates of $6.88 billion. During the same period last year, the business posted $3.30 earnings per share. The business’s revenue for the quarter was up 10.8% compared to the same quarter last year. Research analysts forecast that Jones Lang LaSalle Incorporated will post 24.18 EPS for the current year.

Insider Buying and Selling at Jones Lang LaSalle

In other news, Director Larry Quinlan sold 402 shares of the business’s stock in a transaction on Friday, June 12th. The shares were sold at an average price of $301.73, for a total value of $121,295.46. Following the sale, the director owned 4,369 shares of the company’s stock, valued at $1,318,258.37. The trade was a 8.43% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. 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 on Tuesday, August 18th. The shares were sold at an average price of $375.00, for a total transaction of $750,000.00. Following the completion of the sale, the chief executive officer owned 144,418 shares in the company, valued at $54,156,750. The trade was a 1.37% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders sold a total of 4,805 shares of company stock worth $1,740,237 over the last ninety days. 0.91% of the stock is currently owned by insiders.

About Jones Lang LaSalle

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.