Wick Capital Partners LLC Invests $49.31 Million in Jones Lang LaSalle Incorporated $JLL

Wick Capital Partners LLC purchased a new stake in shares of Jones Lang LaSalle Incorporated (NYSE:JLL) during the 4th quarter, Holdings Channel reports. The fund purchased 146,540 shares of the financial services provider’s stock, valued at approximately $49,306,000. Jones Lang LaSalle comprises 3.6% of Wick Capital Partners LLC’s investment portfolio, making the stock its 9th biggest position.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in JLL. Greenleaf Trust raised its holdings in Jones Lang LaSalle by 1.8% during the 4th quarter. Greenleaf Trust now owns 1,668 shares of the financial services provider’s stock worth $561,000 after purchasing an additional 30 shares during the last quarter. Assetmark Inc. grew its position 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 buying an additional 30 shares during the period. IFP Advisors Inc lifted its holdings in Jones Lang LaSalle by 7.9% in the third quarter. IFP Advisors Inc now owns 544 shares of the financial services provider’s stock valued at $162,000 after buying an additional 40 shares during the period. UMB Bank n.a. lifted its holdings in Jones Lang LaSalle by 10.6% in the fourth quarter. UMB Bank n.a. now owns 490 shares of the financial services provider’s stock valued at $165,000 after buying an additional 47 shares during the period. Finally, Ballentine Partners LLC boosted its stake in Jones Lang LaSalle by 5.3% in the fourth quarter. Ballentine Partners LLC now owns 951 shares of the financial services provider’s stock valued at $320,000 after acquiring an additional 48 shares during the last quarter. 94.80% of the stock is currently owned by institutional investors and hedge funds.

Jones Lang LaSalle Price Performance

NYSE JLL opened at $297.12 on Friday. The company has a debt-to-equity ratio of 0.15, a quick ratio of 2.35 and a current ratio of 2.35. The stock has a market cap of $13.78 billion, a price-to-earnings ratio of 15.97 and a beta of 1.29. The business has a 50 day simple moving average of $311.39 and a 200 day simple moving average of $320.13. Jones Lang LaSalle Incorporated has a 52-week low of $237.03 and a 52-week high of $363.06.

Jones Lang LaSalle (NYSE:JLL) last released its quarterly earnings results 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 company had revenue of $6.39 billion during the quarter, compared to analysts’ expectations of $6 billion. During the same quarter in the prior year, the company earned $2.31 earnings per share. The business’s quarterly revenue was up 11.1% compared to the same quarter last year. Analysts anticipate that Jones Lang LaSalle Incorporated will post 22.8 earnings per share for the current fiscal year.

Insider Transactions at Jones Lang LaSalle

In other news, CEO Richard Bloxam sold 5,440 shares of the firm’s stock in a transaction that occurred on Tuesday, March 24th. The shares were sold at an average price of $296.94, for a total transaction of $1,615,353.60. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Larry Quinlan sold 403 shares of the business’s stock in a transaction on Friday, June 5th. The stock was sold at an average price of $295.14, for a total transaction of $118,941.42. Following the completion of the sale, 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. In the last quarter, insiders have sold 6,245 shares of company stock valued at $1,855,590. Corporate insiders own 0.91% of the company’s stock.

Wall Street Analyst Weigh In

Several analysts have commented on JLL shares. Zacks Research cut shares of Jones Lang LaSalle from a “strong-buy” rating to a “hold” rating in a research report on Friday, April 24th. Weiss Ratings cut Jones Lang LaSalle from a “buy (b)” rating to a “buy (b-)” rating in a research note on Thursday, May 28th. UBS Group upped their price objective on Jones Lang LaSalle from $425.00 to $445.00 and gave the company a “buy” rating in a report on Wednesday, April 22nd. Barclays boosted their target price on Jones Lang LaSalle from $348.00 to $366.00 and gave the stock an “equal weight” rating in a research report on Wednesday, May 13th. Finally, Keefe, Bruyette & Woods reduced their price objective on shares of Jones Lang LaSalle from $405.00 to $380.00 and set an “outperform” rating on the stock in a research note on Tuesday, February 24th. Five research analysts have rated the stock with a Buy rating and three have given a Hold rating to the company. According to MarketBeat.com, Jones Lang LaSalle has a consensus rating of “Moderate Buy” and an average target price of $394.00.

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.