14,567 Shares in Jones Lang LaSalle Incorporated $JLL Bought by Perigon Wealth Management LLC

Perigon Wealth Management LLC acquired a new stake in shares of Jones Lang LaSalle Incorporated (NYSE:JLL) during the second quarter, Holdings Channel reports. The fund acquired 14,567 shares of the financial services provider’s stock, valued at approximately $4,515,000.

Several other hedge funds and other institutional investors also recently modified their holdings of the stock. Moran Wealth Management LLC bought a new stake in shares of Jones Lang LaSalle in the 1st quarter valued at approximately $4,405,000. Geode Capital Management LLC raised its holdings in shares of Jones Lang LaSalle by 1.6% during the fourth quarter. Geode Capital Management LLC now owns 990,836 shares of the financial services provider’s stock worth $333,451,000 after purchasing an additional 15,995 shares during the period. Thrivent Financial for Lutherans grew its position in shares of Jones Lang LaSalle by 78.4% during the 4th quarter. Thrivent Financial for Lutherans now owns 28,895 shares of the financial services provider’s stock valued at $9,723,000 after buying an additional 12,699 shares during the last quarter. Jackson Creek Investment Advisors LLC bought a new position in Jones Lang LaSalle in the fourth quarter worth about $1,507,000. Finally, Principal Financial Group Inc. raised its position in shares of Jones Lang LaSalle by 279.6% during the 1st quarter. Principal Financial Group Inc. now owns 429,418 shares of the financial services provider’s stock worth $130,683,000 after purchasing an additional 316,299 shares during the period. Institutional investors own 94.80% of the company’s stock.

Jones Lang LaSalle Stock Performance

Shares of JLL opened at $368.62 on Tuesday. The stock has a market capitalization of $16.96 billion, a P/E ratio of 17.66 and a beta of 1.24. The company has a debt-to-equity ratio of 0.15, a current ratio of 2.40 and a quick ratio of 2.40. The firm’s 50 day moving average is $329.04 and its 200-day moving average is $318.18. Jones Lang LaSalle Incorporated has a 12-month low of $259.83 and a 12-month high of $375.71.

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

Insiders Place Their Bets

In related news, Director Larry Quinlan sold 402 shares of the stock in a transaction dated Friday, June 12th. The stock was sold at an average price of $301.73, for a total value of $121,295.46. Following the completion of the sale, the director directly owned 4,369 shares of the company’s stock, valued at approximately $1,318,258.37. This represents a 8.43% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CEO Christian Ulbrich sold 2,000 shares of the stock in a transaction that occurred on Friday, August 14th. The stock was 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 directly owned 146,418 shares of the company’s stock, valued at $54,906,750. This trade represents a 1.35% 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 2,805 shares of company stock valued at $990,237 in the last 90 days. Corporate insiders own 0.91% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research analysts recently commented on the company. Keefe, Bruyette & Woods upped their price objective on Jones Lang LaSalle from $375.00 to $415.00 and gave the stock an “outperform” rating in a research note on Monday, August 3rd. Zacks Research downgraded shares of Jones Lang LaSalle from a “strong-buy” rating to a “hold” rating in a research report on Thursday, July 23rd. Barclays lifted their price target on Jones Lang LaSalle from $368.00 to $401.00 and gave the company an “equal weight” rating in a report on Monday. Weiss Ratings cut Jones Lang LaSalle from a “buy (b)” rating to a “buy (b-)” rating in a research report on Thursday, May 28th. Finally, Raymond James Financial reissued a “strong-buy” rating and issued a $500.00 price target on shares of Jones Lang LaSalle in a research note on Thursday, July 30th. One research 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. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average target price of $423.33.

Jones Lang LaSalle Company 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.