OneDigital Investment Advisors LLC Takes Position in Jones Lang LaSalle Incorporated (NYSE:JLL)

OneDigital Investment Advisors LLC bought a new stake in Jones Lang LaSalle Incorporated (NYSE:JLL) during the first quarter, according to its most recent disclosure with the SEC. The institutional investor bought 1,093 shares of the financial services provider’s stock, valued at approximately $271,000.

Other institutional investors and hedge funds also recently modified their holdings of the company. Golden State Wealth Management LLC bought a new stake in shares of Jones Lang LaSalle in the 1st quarter valued at about $33,000. Western Pacific Wealth Management LP bought a new position in Jones Lang LaSalle in the 1st quarter valued at about $41,000. CIBC Private Wealth Group LLC raised its holdings in Jones Lang LaSalle by 25.0% in the 4th quarter. CIBC Private Wealth Group LLC now owns 250 shares of the financial services provider’s stock valued at $62,000 after acquiring an additional 50 shares during the period. Versant Capital Management Inc raised its holdings in Jones Lang LaSalle by 356.3% in the 1st quarter. Versant Capital Management Inc now owns 324 shares of the financial services provider’s stock valued at $80,000 after acquiring an additional 253 shares during the period. Finally, Farther Finance Advisors LLC raised its holdings in Jones Lang LaSalle by 39.9% in the 1st quarter. Farther Finance Advisors LLC now owns 368 shares of the financial services provider’s stock valued at $91,000 after acquiring an additional 105 shares during the period. 94.80% of the stock is owned by institutional investors.

Insiders Place Their Bets

In other Jones Lang LaSalle news, CEO Andrew W. Poppink sold 275 shares of the firm’s stock in a transaction that occurred on Friday, June 20th. The shares were sold at an average price of $237.97, for a total value of $65,441.75. Following the sale, the chief executive officer owned 10,297 shares in the company, valued at $2,450,377.09. This trade represents a 2.60% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at this link. 0.91% of the stock is owned by corporate insiders.

Jones Lang LaSalle Stock Performance

NYSE JLL opened at $257.40 on Friday. The company has a current ratio of 2.01, a quick ratio of 2.01 and a debt-to-equity ratio of 0.17. The firm has a market capitalization of $12.22 billion, a price-to-earnings ratio of 23.27 and a beta of 1.34. The firm’s 50 day simple moving average is $237.75 and its 200 day simple moving average is $246.38. Jones Lang LaSalle Incorporated has a 1 year low of $194.36 and a 1 year high of $288.50.

Jones Lang LaSalle (NYSE:JLL) last posted its quarterly earnings results on Wednesday, May 7th. The financial services provider reported $2.31 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.02 by $0.29. The business had revenue of $5.75 billion for the quarter, compared to analyst estimates of $5.65 billion. Jones Lang LaSalle had a net margin of 2.23% and a return on equity of 10.37%. The firm’s revenue for the quarter was up 12.1% on a year-over-year basis. During the same quarter last year, the business posted $1.78 EPS. As a group, research analysts expect that Jones Lang LaSalle Incorporated will post 16.45 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

Several research firms have weighed in on JLL. Wall Street Zen cut shares of Jones Lang LaSalle from a “buy” rating to a “hold” rating in a report on Saturday. Citigroup decreased their target price on shares of Jones Lang LaSalle from $275.00 to $240.00 and set a “neutral” rating on the stock in a research report on Wednesday, May 28th. JPMorgan Chase & Co. decreased their target price on shares of Jones Lang LaSalle from $327.00 to $285.00 and set an “overweight” rating on the stock in a research report on Thursday, April 10th. Keefe, Bruyette & Woods decreased their target price on shares of Jones Lang LaSalle from $325.00 to $280.00 and set an “outperform” rating on the stock in a research report on Thursday, April 17th. Finally, UBS Group increased their target price on shares of Jones Lang LaSalle from $305.00 to $340.00 and gave the stock a “buy” rating in a research report on Wednesday, July 2nd. Two investment analysts have rated the stock with a hold rating, five have issued a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $310.00.

Jones Lang LaSalle Profile

Jones Lang LaSalle Incorporated operates as a commercial real estate and investment management company. It engages in the buying, building, occupying, managing, and investing in a commercial, industrial, hotel, residential, and retail properties in Americas, Europe, the Middle East, Africa, and the Asia Pacific.