Empirical Finance LLC Makes New Investment in Jones Lang LaSalle Incorporated $JLL

Empirical Finance LLC purchased a new stake in shares of Jones Lang LaSalle Incorporated (NYSE:JLL) in the second quarter, according to its most recent filing with the Securities & Exchange Commission. The firm purchased 1,856 shares of the financial services provider’s stock, valued at approximately $575,000.

Other large investors have also recently made changes to their positions in the company. Sunbelt Securities Inc. purchased a new position in shares of Jones Lang LaSalle during the 3rd quarter worth approximately $25,000. Mitsubishi UFJ Asset Management Co. Ltd. purchased a new stake in Jones Lang LaSalle in the second quarter valued at approximately $26,000. International Assets Investment Management LLC acquired a new position in Jones Lang LaSalle during the fourth quarter worth $29,000. Johnson Financial Group Inc. purchased a new position in shares of Jones Lang LaSalle during the second quarter worth $34,000. Finally, Hilton Head Capital Partners LLC acquired a new stake in shares of Jones Lang LaSalle in the fourth quarter valued at $35,000. 94.80% of the stock is currently owned by institutional investors and hedge funds.

Insiders Place Their Bets

In related news, CEO Christian Ulbrich sold 2,000 shares of the firm’s stock in a transaction that occurred 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 sale, the chief executive officer owned 138,418 shares of the company’s stock, valued at $53,364,291.54. This trade represents a 1.42% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders have sold a total of 6,000 shares of company stock valued at $2,271,060 over the last 90 days. 0.91% of the stock is owned by company insiders.

Jones Lang LaSalle Trading Down 1.4%

JLL opened at $341.50 on Friday. The business has a fifty day moving average price of $352.62 and a 200 day moving average price of $323.86. The company has a debt-to-equity ratio of 0.15, a current ratio of 2.40 and a quick ratio of 2.40. Jones Lang LaSalle Incorporated has a 12 month low of $259.83 and a 12 month high of $393.84. The stock has a market capitalization of $15.71 billion, a price-to-earnings ratio of 16.36 and a beta of 1.24.

Jones Lang LaSalle (NYSE:JLL) last posted its quarterly earnings results on Thursday, July 30th. The financial services provider reported $5.26 earnings per share (EPS) for the quarter, beating 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 quarter last year, the company earned $3.30 EPS. Jones Lang LaSalle’s revenue for the quarter was up 10.8% compared to the same quarter last year. Sell-side analysts expect that Jones Lang LaSalle Incorporated will post 25.05 earnings per share for the current fiscal year.

Analysts Set New Price Targets

Several equities analysts recently issued reports on JLL shares. Zacks Research lowered Jones Lang LaSalle from a “strong-buy” rating to a “hold” rating in a research note on Thursday, July 23rd. Weiss Ratings upgraded shares of Jones Lang LaSalle from a “buy (b-)” rating to a “buy (b)” rating in a research note on Tuesday, August 18th. Keefe, Bruyette & Woods raised their price objective on shares of Jones Lang LaSalle from $375.00 to $415.00 and gave the company an “outperform” rating in a research note on Monday, August 3rd. Barclays lifted their price objective on shares of Jones Lang LaSalle from $368.00 to $401.00 and gave the company an “equal weight” rating in a report on Monday, August 17th. Finally, Raymond James Financial reiterated a “strong-buy” rating and set a $500.00 target price on shares of Jones Lang LaSalle in a report on Thursday, July 30th. One investment analyst has rated the stock with a Strong Buy rating, four have assigned a Buy rating and two have given a Hold rating to the company. Based on data from MarketBeat, Jones Lang LaSalle presently has a consensus rating of “Moderate Buy” and an average price target of $433.60.

About Jones Lang LaSalle

Jones Lang LaSalle Incorporated (NYSE:JLL), operating under the JLL brand, is a global commercial real estate services and investment management company. It advises property owners, occupiers, investors and developers across the real estate lifecycle, with services that include leasing, capital markets, investment sales and acquisitions, valuation and advisory, research, development consulting, and property and facilities management.

JLL also provides project and development management, workplace strategy, sustainability consulting, and technology-enabled real estate solutions.