Silvant Capital Management LLC Makes New Investment in Jones Lang LaSalle Incorporated $JLL

Silvant Capital Management LLC acquired a new position in shares of Jones Lang LaSalle Incorporated (NYSE:JLL) in the second quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund acquired 14,833 shares of the financial services provider’s stock, valued at approximately $4,597,000.

Other hedge funds have also added to or reduced their stakes in the company. Sunbelt Securities Inc. acquired a new position in Jones Lang LaSalle in the 3rd quarter valued at $25,000. Mitsubishi UFJ Asset Management Co. Ltd. bought a new stake in shares of Jones Lang LaSalle in the second quarter valued at about $26,000. International Assets Investment Management LLC acquired a new position in shares of Jones Lang LaSalle in the fourth quarter valued at about $29,000. Activest Wealth Management increased its position in Jones Lang LaSalle by 1,720.0% during the fourth quarter. Activest Wealth Management now owns 91 shares of the financial services provider’s stock worth $31,000 after acquiring an additional 86 shares during the period. Finally, Johnson Financial Group Inc. acquired a new stake in Jones Lang LaSalle in the 2nd quarter worth about $34,000. 94.80% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of brokerages have issued reports on JLL. Raymond James Financial restated a “strong-buy” rating and set a $500.00 target price on shares of Jones Lang LaSalle in a research report on Thursday, July 30th. Zacks Research cut Jones Lang LaSalle from a “strong-buy” rating to a “hold” rating in a research note on Thursday, July 23rd. Barclays increased their price target on Jones Lang LaSalle from $368.00 to $401.00 and gave the stock an “equal weight” rating in a research report on Monday. Weiss Ratings raised Jones Lang LaSalle from a “buy (b-)” rating to a “buy (b)” rating in a report on Tuesday. Finally, Keefe, Bruyette & Woods upped their target price on Jones Lang LaSalle from $375.00 to $415.00 and gave the company an “outperform” rating in a research report on Monday, August 3rd. One analyst has rated the stock with a Strong Buy rating, five have issued a Buy rating and two have issued a Hold rating to the company’s stock. Based on data from MarketBeat, Jones Lang LaSalle presently has an average rating of “Moderate Buy” and an average target price of $423.33.

Insider Buying and Selling at Jones Lang LaSalle

In related news, Director Larry Quinlan sold 403 shares of the firm’s stock in a transaction dated Friday, June 5th. The stock was sold at an average price of $295.14, for a total value of $118,941.42. Following the sale, the director directly owned 4,771 shares of the company’s stock, valued at $1,408,112.94. This trade represents a 7.79% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this link. 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 dated Thursday, August 20th. The shares were sold at an average price of $385.53, for a total value of $771,060.00. Following the completion of the transaction, the chief executive officer owned 140,418 shares in the company, valued at approximately $54,135,351.54. This represents a 1.40% 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 sold 6,805 shares of company stock worth $2,511,297. Corporate insiders own 0.91% of the company’s stock.

Jones Lang LaSalle Stock Performance

Shares of Jones Lang LaSalle stock opened at $384.84 on Friday. 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 cap of $17.71 billion, a PE ratio of 18.44 and a beta of 1.25. The company has a 50 day moving average of $333.92 and a 200-day moving average of $318.70. Jones Lang LaSalle Incorporated has a 1-year low of $259.83 and a 1-year high of $393.84.

Jones Lang LaSalle (NYSE:JLL) last announced its quarterly earnings data on Thursday, July 30th. The financial services provider reported $5.26 EPS for the quarter, beating 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 business had revenue of $6.93 billion during the quarter, compared to the consensus estimate of $6.88 billion. During the same period in the previous year, the business earned $3.30 earnings per share. The company’s revenue was up 10.8% on a year-over-year basis. As a group, equities research analysts forecast that Jones Lang LaSalle Incorporated will post 24.18 earnings per share 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.