Wealth Enhancement Advisory Services LLC Acquires 11,213 Shares of Jones Lang LaSalle Incorporated $JLL

Wealth Enhancement Advisory Services LLC grew its holdings in Jones Lang LaSalle Incorporated (NYSE:JLL) by 443.4% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 13,742 shares of the financial services provider’s stock after acquiring an additional 11,213 shares during the period. Wealth Enhancement Advisory Services LLC’s holdings in Jones Lang LaSalle were worth $4,820,000 as of its most recent SEC filing.

Other hedge funds have also recently modified their holdings of the company. Sunbelt Securities Inc. bought a new position in Jones Lang LaSalle in the 3rd quarter worth $25,000. Caldwell Trust Co purchased a new position in Jones Lang LaSalle during the second quarter valued at $38,000. Chilton Capital Management LLC grew its holdings in Jones Lang LaSalle by 33.0% during the third quarter. Chilton Capital Management LLC now owns 133 shares of the financial services provider’s stock valued at $40,000 after purchasing an additional 33 shares during the period. Quent Capital LLC bought a new position in shares of Jones Lang LaSalle in the third quarter worth about $41,000. Finally, Root Financial Partners LLC purchased a new position in shares of Jones Lang LaSalle during the 3rd quarter valued at about $44,000. Institutional investors own 94.80% of the company’s stock.

Jones Lang LaSalle Trading Down 0.2%

JLL stock opened at $292.40 on Monday. The company has a debt-to-equity ratio of 0.10, a current ratio of 2.23 and a quick ratio of 2.23. Jones Lang LaSalle Incorporated has a 1-year low of $194.36 and a 1-year high of $363.06. The business has a 50 day simple moving average of $318.04 and a two-hundred day simple moving average of $317.85. The company has a market capitalization of $13.70 billion, a price-to-earnings ratio of 17.82 and a beta of 1.42.

Jones Lang LaSalle (NYSE:JLL) last released its quarterly earnings data on Wednesday, February 18th. The financial services provider reported $8.71 earnings per share (EPS) for the quarter, beating the consensus estimate of $7.25 by $1.46. Jones Lang LaSalle had a net margin of 3.03% and a return on equity of 12.50%. The firm had revenue of $7.61 billion for the quarter, compared to analysts’ expectations of $7.45 billion. During the same quarter last year, the business posted $6.15 earnings per share. The company’s revenue for the quarter was up 11.7% compared to the same quarter last year. Research analysts anticipate that Jones Lang LaSalle Incorporated will post 16.45 EPS for the current fiscal year.

Insiders Place Their Bets

In other Jones Lang LaSalle news, Director Deborah H. Mcaneny sold 2,500 shares of Jones Lang LaSalle stock in a transaction on Tuesday, March 10th. The shares were sold at an average price of $300.50, for a total value of $751,250.00. Following the sale, the director directly owned 14,985 shares in the company, valued at approximately $4,502,992.50. The trade was a 14.30% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, CEO Richard Bloxam sold 5,440 shares of the stock in a transaction dated Tuesday, March 24th. The shares were sold at an average price of $296.94, for a total transaction of $1,615,353.60. The SEC filing for this sale provides additional information. Insiders own 0.91% of the company’s stock.

Wall Street Analysts Forecast Growth

JLL has been the subject of several analyst reports. Barclays reduced their target price on shares of Jones Lang LaSalle from $360.00 to $355.00 and set an “equal weight” rating for the company in a report on Friday, March 13th. UBS Group upped their price target on shares of Jones Lang LaSalle from $410.00 to $425.00 and gave the stock a “buy” rating in a research report on Monday, February 23rd. Zacks Research raised shares of Jones Lang LaSalle from a “hold” rating to a “strong-buy” rating in a research note on Friday, February 20th. Weiss Ratings upgraded shares of Jones Lang LaSalle from a “hold (c+)” rating to a “buy (b-)” rating in a research report on Friday, February 20th. Finally, Keefe, Bruyette & Woods dropped their target price on shares of Jones Lang LaSalle from $405.00 to $380.00 and set an “outperform” rating for the company in a report on Tuesday, February 24th. One investment analyst has rated the stock with a Strong Buy rating, five have assigned a Buy rating and three have assigned a Hold rating to the company’s stock. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average price target of $363.17.

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.