Perigon Wealth Management LLC Invests $3.90 Million in Jones Lang LaSalle Incorporated $JLL

Perigon Wealth Management LLC acquired a new stake in shares of Jones Lang LaSalle Incorporated (NYSE:JLL) in the fourth quarter, according to the company in its most recent filing with the SEC. The firm acquired 11,593 shares of the financial services provider’s stock, valued at approximately $3,901,000.

Several other large investors also recently added to or reduced their stakes in JLL. Sunbelt Securities Inc. bought a new stake in shares of Jones Lang LaSalle during the third quarter valued at approximately $25,000. Chilton Capital Management LLC grew its stake in Jones Lang LaSalle by 33.0% in the third quarter. Chilton Capital Management LLC now owns 133 shares of the financial services provider’s stock worth $40,000 after purchasing an additional 33 shares in the last quarter. True Wealth Design LLC increased its holdings in Jones Lang LaSalle by 13,200.0% during the 4th quarter. True Wealth Design LLC now owns 133 shares of the financial services provider’s stock worth $45,000 after purchasing an additional 132 shares during the period. Quent Capital LLC bought a new stake in Jones Lang LaSalle during the 3rd quarter valued at $41,000. Finally, Root Financial Partners LLC bought a new position in shares of Jones Lang LaSalle during the 3rd quarter worth $44,000. 94.80% of the stock is owned by hedge funds and other institutional investors.

Jones Lang LaSalle Trading Down 0.1%

NYSE:JLL opened at $305.75 on Friday. The stock has a market capitalization of $14.32 billion, a price-to-earnings ratio of 18.63 and a beta of 1.41. Jones Lang LaSalle Incorporated has a 52 week low of $194.36 and a 52 week high of $363.06. The company has a quick ratio of 2.23, a current ratio of 2.23 and a debt-to-equity ratio of 0.10. The firm has a 50 day moving average of $313.12 and a 200 day moving average of $317.49.

Jones Lang LaSalle (NYSE:JLL) last released its quarterly earnings results on Wednesday, February 18th. The financial services provider reported $8.71 earnings per share (EPS) for the quarter, topping 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 business had revenue of $7.61 billion for the quarter, compared to analyst estimates of $7.45 billion. During the same period in the previous year, the company earned $6.15 earnings per share. The business’s revenue for the quarter was up 11.7% on a year-over-year basis. As a group, sell-side analysts anticipate that Jones Lang LaSalle Incorporated will post 16.45 earnings per share for the current fiscal year.

Insider Activity

In other news, Director Deborah H. Mcaneny sold 2,500 shares of the business’s stock in a transaction dated Tuesday, March 10th. The stock was sold at an average price of $300.50, for a total transaction of $751,250.00. Following the sale, the director owned 14,985 shares in the company, valued at approximately $4,502,992.50. The trade was a 14.30% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CEO Richard Bloxam sold 5,440 shares of the stock in a transaction that occurred on Tuesday, March 24th. The shares were sold at an average price of $296.94, for a total transaction of $1,615,353.60. Additional details regarding this sale are available in the official SEC disclosure. Corporate insiders own 0.91% of the company’s stock.

Analyst Upgrades and Downgrades

Several analysts recently weighed in on JLL shares. Zacks Research upgraded Jones Lang LaSalle from a “hold” rating to a “strong-buy” rating in a report on Friday, February 20th. Weiss Ratings raised shares of Jones Lang LaSalle from a “hold (c+)” rating to a “buy (b-)” rating in a research report on Friday, February 20th. Barclays reduced their price target 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 increased their price objective on shares of Jones Lang LaSalle from $410.00 to $425.00 and gave the company a “buy” rating in a research note on Monday, February 23rd. Finally, Wall Street Zen raised shares of Jones Lang LaSalle from a “buy” rating to a “strong-buy” rating in a report on Sunday, January 11th. One 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 stock. Based on data from MarketBeat, Jones Lang LaSalle has an average rating of “Moderate Buy” and a consensus price target of $363.17.

Jones Lang LaSalle Company 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.