Crown Advisors Management Inc. Increases Stake in Jones Lang LaSalle Incorporated $JLL

Crown Advisors Management Inc. grew its stake in Jones Lang LaSalle Incorporated (NYSE:JLL) by 25.0% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 10,000 shares of the financial services provider’s stock after purchasing an additional 2,000 shares during the period. Jones Lang LaSalle makes up about 2.2% of Crown Advisors Management Inc.’s holdings, making the stock its 20th largest holding. Crown Advisors Management Inc.’s holdings in Jones Lang LaSalle were worth $3,364,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other large investors have also made changes to their positions in the company. Sunbelt Securities Inc. purchased a new stake in shares of Jones Lang LaSalle in the third quarter valued at approximately $25,000. Chilton Capital Management LLC raised its holdings in shares of Jones Lang LaSalle by 33.0% during the 3rd quarter. Chilton Capital Management LLC now owns 133 shares of the financial services provider’s stock worth $40,000 after acquiring an additional 33 shares during the period. True Wealth Design LLC raised its holdings in shares of 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 acquiring an additional 132 shares during the period. Quent Capital LLC purchased a new position in shares of Jones Lang LaSalle during the 3rd quarter worth $41,000. Finally, Root Financial Partners LLC purchased a new position in shares of Jones Lang LaSalle during the 3rd quarter worth $44,000. 94.80% of the stock is currently owned by hedge funds and other institutional investors.

Insider Buying and Selling at Jones Lang LaSalle

In other news, CEO Richard Bloxam sold 5,440 shares of the firm’s stock in a transaction on Tuesday, March 24th. The stock was sold at an average price of $296.94, for a total transaction of $1,615,353.60. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Deborah H. Mcaneny sold 2,500 shares of the firm’s stock in a transaction on Tuesday, March 10th. The stock was sold at an average price of $300.50, for a total value of $751,250.00. Following the transaction, the director owned 14,985 shares of the company’s stock, valued at approximately $4,502,992.50. This represents a 14.30% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Company insiders own 0.91% of the company’s stock.

Wall Street Analyst Weigh In

Several research analysts have recently commented on JLL shares. Wall Street Zen upgraded Jones Lang LaSalle from a “buy” rating to a “strong-buy” rating in a report on Sunday, January 11th. Zacks Research upgraded Jones Lang LaSalle from a “hold” rating to a “strong-buy” rating in a report on Friday, February 20th. Weiss Ratings upgraded Jones Lang LaSalle from a “hold (c+)” rating to a “buy (b-)” rating in a report on Friday, February 20th. Barclays lowered their price objective on Jones Lang LaSalle from $355.00 to $348.00 and set an “equal weight” rating for the company in a research report on Tuesday, April 14th. Finally, UBS Group increased their price objective on Jones Lang LaSalle from $410.00 to $425.00 and gave the stock a “buy” rating in a research report on Monday, February 23rd. One analyst has rated the stock with a Strong Buy rating, five have given a Buy rating and three have assigned a Hold rating to the stock. According to data from MarketBeat.com, Jones Lang LaSalle has a consensus rating of “Moderate Buy” and a consensus price target of $362.00.

Jones Lang LaSalle Trading Down 2.1%

Shares of Jones Lang LaSalle stock opened at $345.93 on Wednesday. The firm has a market capitalization of $16.21 billion, a price-to-earnings ratio of 21.08 and a beta of 1.41. Jones Lang LaSalle Incorporated has a fifty-two week low of $207.92 and a fifty-two week high of $363.06. The company has a debt-to-equity ratio of 0.10, a quick ratio of 2.23 and a current ratio of 2.23. The stock has a 50 day moving average of $308.38 and a 200 day moving average of $319.49.

Jones Lang LaSalle (NYSE:JLL) last issued its quarterly earnings data on Wednesday, February 18th. The financial services provider reported $8.71 earnings per share for the quarter, topping the consensus estimate of $7.25 by $1.46. The company had revenue of $7.61 billion during the quarter, compared to analyst estimates of $7.45 billion. Jones Lang LaSalle had a return on equity of 12.50% and a net margin of 3.03%.The firm’s revenue for the quarter was up 11.7% compared to the same quarter last year. During the same period in the prior year, the business posted $6.15 earnings per share. As a group, research analysts predict that Jones Lang LaSalle Incorporated will post 21.76 earnings per share for the current year.

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.