First National Bank of Omaha Takes $2.73 Million Position in Jones Lang LaSalle Incorporated $JLL

First National Bank of Omaha bought a new position in shares of Jones Lang LaSalle Incorporated (NYSE:JLL) during the second quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund bought 8,822 shares of the financial services provider’s stock, valued at approximately $2,734,000.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Integrated Wealth Concepts LLC bought a new position in Jones Lang LaSalle during the first quarter worth about $546,000. Empowered Funds LLC raised its stake in Jones Lang LaSalle by 203.1% in the 1st quarter. Empowered Funds LLC now owns 4,046 shares of the financial services provider’s stock worth $1,003,000 after purchasing an additional 2,711 shares in the last quarter. EverSource Wealth Advisors LLC grew its position in shares of Jones Lang LaSalle by 33.8% during the 2nd quarter. EverSource Wealth Advisors LLC now owns 499 shares of the financial services provider’s stock worth $128,000 after purchasing an additional 126 shares in the last quarter. Cresset Asset Management LLC raised its position in shares of Jones Lang LaSalle by 28.4% in the second quarter. Cresset Asset Management LLC now owns 1,673 shares of the financial services provider’s stock valued at $428,000 after buying an additional 370 shares in the last quarter. Finally, Frontier Capital Management Co. LLC bought a new position in Jones Lang LaSalle during the 2nd quarter worth $211,000. 94.80% of the stock is owned by institutional investors.

Insider Activity at Jones Lang LaSalle

In related news, CEO Christian Ulbrich sold 2,000 shares of the stock in a transaction on Tuesday, August 18th. The stock was sold at an average price of $375.00, for a total value of $750,000.00. Following the completion of the sale, the chief executive officer directly owned 144,418 shares in the company, valued at $54,156,750. This represents a 1.37% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director Larry Quinlan sold 403 shares of the company’s stock in a transaction dated Friday, June 5th. The shares were sold at an average price of $295.14, for a total value of $118,941.42. Following the completion of the sale, the director owned 4,771 shares in the company, valued at $1,408,112.94. This trade represents a 7.79% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Over the last 90 days, insiders sold 4,805 shares of company stock valued at $1,740,237. Corporate insiders own 0.91% of the company’s stock.

Wall Street Analyst Weigh In

A number of research firms have recently weighed in on JLL. Barclays upped their target price on Jones Lang LaSalle from $368.00 to $401.00 and gave the company an “equal weight” rating in a research report on Monday. Weiss Ratings downgraded 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 shares of Jones Lang LaSalle from $425.00 to $445.00 and gave the stock a “buy” rating in a research report on Wednesday, April 22nd. Raymond James Financial reiterated 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. Finally, Zacks Research lowered Jones Lang LaSalle from a “strong-buy” rating to a “hold” rating in a research note on Thursday, July 23rd. One equities research analyst has rated the stock with a Strong Buy rating, five have given a Buy rating and two have assigned a Hold rating to the company. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus price target of $423.33.

Jones Lang LaSalle Trading Up 0.2%

Shares of JLL stock opened at $371.01 on Wednesday. The company has a quick ratio of 2.40, a current ratio of 2.40 and a debt-to-equity ratio of 0.15. The firm has a market capitalization of $17.07 billion, a P/E ratio of 17.78 and a beta of 1.24. Jones Lang LaSalle Incorporated has a twelve month low of $259.83 and a twelve month high of $376.85. The stock’s fifty day simple moving average is $330.35 and its 200 day simple moving average is $318.29.

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