Sanctuary Advisors LLC Makes New $1.06 Million Investment in Jones Lang LaSalle Incorporated $JLL

Sanctuary Advisors LLC purchased a new position in Jones Lang LaSalle Incorporated (NYSE:JLL) in the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm purchased 3,409 shares of the financial services provider’s stock, valued at approximately $1,057,000.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the stock. Sunbelt Securities Inc. purchased a new position in Jones Lang LaSalle during the 3rd quarter valued at about $25,000. Mitsubishi UFJ Asset Management Co. Ltd. purchased a new stake in shares of Jones Lang LaSalle in the second quarter worth about $26,000. International Assets Investment Management LLC bought a new position in shares of Jones Lang LaSalle in the fourth quarter valued at approximately $29,000. Activest Wealth Management grew its stake 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 valued at $31,000 after acquiring an additional 86 shares in the last quarter. Finally, Johnson Financial Group Inc. bought a new stake in Jones Lang LaSalle during the 2nd quarter worth approximately $34,000. 94.80% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

A number of research firms have recently commented on JLL. 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. Weiss Ratings upgraded Jones Lang LaSalle from a “buy (b-)” rating to a “buy (b)” rating in a research report on Tuesday, August 18th. Barclays lifted their price objective on Jones Lang LaSalle from $368.00 to $401.00 and gave the company an “equal weight” rating in a research note on Monday, August 17th. Keefe, Bruyette & Woods upped their target price 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. Finally, Zacks Research cut Jones Lang LaSalle from a “strong-buy” rating to a “hold” rating in a report on Thursday, July 23rd. One research analyst has rated the stock with a Strong Buy rating, four have given a Buy rating and two have issued a Hold rating to the stock. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $433.60.

Jones Lang LaSalle Stock Performance

Jones Lang LaSalle stock opened at $379.13 on Friday. Jones Lang LaSalle Incorporated has a fifty-two week low of $259.83 and a fifty-two week high of $393.84. The company has a debt-to-equity ratio of 0.15, a quick ratio of 2.40 and a current ratio of 2.40. The stock has a market cap of $17.44 billion, a P/E ratio of 18.17 and a beta of 1.25. The firm’s fifty day moving average price is $342.67 and its 200-day moving average price is $320.38.

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 the consensus estimate of $4.56 by $0.70. The company had revenue of $6.93 billion during the quarter, compared to analyst estimates of $6.88 billion. Jones Lang LaSalle had a net margin of 3.64% and a return on equity of 13.99%. The firm’s quarterly revenue was up 10.8% compared to the same quarter last year. During the same period in the previous year, the business earned $3.30 earnings per share. On average, equities research analysts expect that Jones Lang LaSalle Incorporated will post 24.59 earnings per share for the current fiscal year.

Insider Activity

In related news, CEO Christian Ulbrich sold 2,000 shares of the firm’s stock in a transaction dated Thursday, August 20th. The stock was sold at an average price of $385.53, for a total transaction of $771,060.00. Following the transaction, the chief executive officer directly owned 138,418 shares of the company’s stock, valued at approximately $53,364,291.54. This trade represents a 1.42% decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director Larry Quinlan sold 402 shares of the company’s stock in a transaction that occurred on 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. 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. In the last ninety days, insiders have sold 6,805 shares of company stock valued at $2,511,297. Corporate insiders own 0.91% of the company’s stock.

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.