Avantax Advisory Services Inc. Has $296,000 Stock Position in Jones Lang LaSalle Incorporated (NYSE:JLL)

Avantax Advisory Services Inc. increased its stake in shares of Jones Lang LaSalle Incorporated (NYSE:JLL) by 15.4% in the 1st quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 1,194 shares of the financial services provider’s stock after purchasing an additional 159 shares during the quarter. Avantax Advisory Services Inc.’s holdings in Jones Lang LaSalle were worth $296,000 as of its most recent filing with the SEC.

Several other institutional investors have also made changes to their positions in JLL. Golden State Wealth Management LLC acquired a new stake in shares of Jones Lang LaSalle during the first quarter worth approximately $33,000. Western Pacific Wealth Management LP acquired a new stake in shares of Jones Lang LaSalle during the first quarter worth approximately $41,000. Versant Capital Management Inc boosted its holdings in shares of Jones Lang LaSalle by 356.3% during the first quarter. Versant Capital Management Inc now owns 324 shares of the financial services provider’s stock worth $80,000 after purchasing an additional 253 shares during the period. Farther Finance Advisors LLC boosted its holdings in shares of Jones Lang LaSalle by 39.9% during the first quarter. Farther Finance Advisors LLC now owns 368 shares of the financial services provider’s stock worth $91,000 after purchasing an additional 105 shares during the period. Finally, Quarry LP boosted its holdings in shares of Jones Lang LaSalle by 129.9% during the fourth quarter. Quarry LP now owns 492 shares of the financial services provider’s stock worth $125,000 after purchasing an additional 278 shares during the period. 94.80% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several brokerages recently weighed in on JLL. Citigroup cut their price objective 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. JMP Securities initiated coverage on shares of Jones Lang LaSalle in a research note on Monday, July 21st. They issued a “market perform” rating for the company. Citizens Jmp initiated coverage on shares of Jones Lang LaSalle in a research note on Monday, July 21st. They issued a “market perform” rating for the company. Wall Street Zen upgraded shares of Jones Lang LaSalle from a “hold” rating to a “buy” rating in a research note on Saturday. Finally, UBS Group lifted their target price on shares of Jones Lang LaSalle from $305.00 to $340.00 and gave the company a “buy” rating in a research note on Wednesday, July 2nd. Three research analysts have rated the stock with a hold rating, six have assigned a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat, Jones Lang LaSalle currently has an average rating of “Moderate Buy” and a consensus target price of $312.43.

Insiders Place Their Bets

In related news, CEO Andrew W. Poppink sold 275 shares of the company’s stock in a transaction on Friday, June 20th. The shares were sold at an average price of $237.97, for a total transaction of $65,441.75. Following the completion of the transaction, the chief executive officer directly owned 10,297 shares in the company, valued at $2,450,377.09. This represents a 2.60% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. 0.91% of the stock is currently owned by corporate insiders.

Jones Lang LaSalle Stock Up 1.5%

Jones Lang LaSalle stock opened at $278.52 on Friday. The firm has a market cap of $13.22 billion, a price-to-earnings ratio of 23.95 and a beta of 1.38. The company has a debt-to-equity ratio of 0.16, a current ratio of 2.35 and a quick ratio of 2.01. Jones Lang LaSalle Incorporated has a fifty-two week low of $194.36 and a fifty-two week high of $288.50. The firm has a fifty day moving average price of $252.48 and a two-hundred day moving average price of $248.04.

Jones Lang LaSalle (NYSE:JLL) last released its earnings results on Wednesday, August 6th. The financial services provider reported $3.30 earnings per share for the quarter, topping analysts’ consensus estimates of $3.20 by $0.10. The firm had revenue of $6.25 billion during the quarter, compared to analyst estimates of $6.17 billion. Jones Lang LaSalle had a net margin of 2.28% and a return on equity of 10.63%. The business’s revenue was up 11.0% on a year-over-year basis. During the same quarter in the previous year, the business earned $2.55 EPS. As a group, analysts forecast that Jones Lang LaSalle Incorporated will post 16.45 earnings per share for the current year.

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.