Northwestern Mutual Wealth Management Co. Decreases Stake in Jones Lang LaSalle Incorporated $JLL

Northwestern Mutual Wealth Management Co. reduced its holdings in shares of Jones Lang LaSalle Incorporated (NYSE:JLL) by 37.6% during the second quarter, HoldingsChannel reports. The firm owned 2,485 shares of the financial services provider’s stock after selling 1,498 shares during the period. Northwestern Mutual Wealth Management Co.’s holdings in Jones Lang LaSalle were worth $770,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other large investors also recently bought and sold shares of the company. Hilton Head Capital Partners LLC boosted its holdings in shares of Jones Lang LaSalle by 40.4% during the 1st quarter. Hilton Head Capital Partners LLC now owns 146 shares of the financial services provider’s stock valued at $44,000 after acquiring an additional 42 shares during the last quarter. UMB Bank n.a. raised its holdings in shares of Jones Lang LaSalle by 10.6% during the fourth quarter. UMB Bank n.a. now owns 490 shares of the financial services provider’s stock valued at $165,000 after purchasing an additional 47 shares during the last quarter. Ballentine Partners LLC lifted its position in Jones Lang LaSalle by 5.3% during the fourth quarter. Ballentine Partners LLC now owns 951 shares of the financial services provider’s stock valued at $320,000 after purchasing an additional 48 shares during the period. Root Financial Partners LLC boosted its holdings in Jones Lang LaSalle by 27.4% in the first quarter. Root Financial Partners LLC now owns 223 shares of the financial services provider’s stock worth $68,000 after purchasing an additional 48 shares during the last quarter. Finally, HighTower Advisors LLC raised its stake in Jones Lang LaSalle by 1.0% during the 4th quarter. HighTower Advisors LLC now owns 4,740 shares of the financial services provider’s stock valued at $1,595,000 after buying an additional 49 shares during the last quarter. 94.80% of the stock is currently owned by institutional investors.

Insider Buying and Selling at Jones Lang LaSalle

In related news, CEO Christian Ulbrich sold 2,000 shares of the company’s stock in a transaction on 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 138,418 shares of the company’s stock, valued at approximately $53,364,291.54. This 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 business’s stock in a transaction dated Friday, June 12th. The shares were sold at an average price of $301.73, for a total value of $121,295.46. Following the completion of the transaction, the director owned 4,369 shares in the company, valued at $1,318,258.37. The trade was a 8.43% decrease in their ownership of the stock. 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. Insiders have sold a total of 6,402 shares of company stock worth $2,392,355 over the last 90 days. Insiders own 0.91% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities analysts have recently issued reports on the company. Zacks Research downgraded Jones Lang LaSalle from a “strong-buy” rating to a “hold” rating in a research note on Thursday, July 23rd. Barclays increased their target price on Jones Lang LaSalle from $368.00 to $401.00 and gave the company an “equal weight” rating in a report on Monday, August 17th. Weiss Ratings raised Jones Lang LaSalle from a “buy (b-)” rating to a “buy (b)” rating in a research report on Tuesday, August 18th. Keefe, Bruyette & Woods increased their price objective on shares of 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, Raymond James Financial reissued a “strong-buy” rating and issued a $500.00 price objective on shares of Jones Lang LaSalle in a report on Thursday, July 30th. One equities research analyst has rated the stock with a Strong Buy rating, four have assigned a Buy rating and two have assigned a Hold rating to the company. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and an average price target of $433.60.

Jones Lang LaSalle Stock Performance

NYSE:JLL opened at $362.33 on Friday. The stock has a 50-day simple moving average of $349.95 and a two-hundred day simple moving average of $322.40. The firm has a market capitalization of $16.67 billion, a PE ratio of 17.36 and a beta of 1.24. The company has a debt-to-equity ratio of 0.15, a quick ratio of 2.40 and a current ratio of 2.40. Jones Lang LaSalle Incorporated has a 52-week low of $259.83 and a 52-week high of $393.84.

Jones Lang LaSalle (NYSE:JLL) last released 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. Jones Lang LaSalle had a net margin of 3.64% and a return on equity of 13.99%. The company had revenue of $6.93 billion during the quarter, compared to analyst estimates of $6.88 billion. During the same period in the prior year, the firm posted $3.30 EPS. The firm’s quarterly revenue was up 10.8% compared to the same quarter last year. Analysts forecast that Jones Lang LaSalle Incorporated will post 25.05 EPS for the current 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.