AlphaQuest LLC Buys 7,866 Shares of Jones Lang LaSalle Incorporated $JLL

AlphaQuest LLC increased its stake in Jones Lang LaSalle Incorporated (NYSE:JLL) by 168.7% in the 3rd quarter, HoldingsChannel.com reports. The firm owned 12,528 shares of the financial services provider’s stock after acquiring an additional 7,866 shares during the period. AlphaQuest LLC’s holdings in Jones Lang LaSalle were worth $3,737,000 at the end of the most recent quarter.

Other hedge funds have also recently bought and sold shares of the company. Chilton Capital Management LLC bought a new position in Jones Lang LaSalle in the second quarter valued at about $26,000. Caldwell Trust Co acquired a new position in Jones Lang LaSalle during the 2nd quarter valued at about $38,000. Quent Capital LLC bought a new position in shares of Jones Lang LaSalle in the 3rd quarter valued at about $41,000. Root Financial Partners LLC acquired a new stake in shares of Jones Lang LaSalle during the 3rd quarter worth approximately $44,000. Finally, Steph & Co. acquired a new position in Jones Lang LaSalle in the third quarter valued at approximately $50,000. 94.80% of the stock is currently owned by institutional investors.

Jones Lang LaSalle Trading Up 0.5%

NYSE:JLL opened at $358.22 on Friday. The business’s 50-day simple moving average is $339.90 and its 200-day simple moving average is $309.83. Jones Lang LaSalle Incorporated has a fifty-two week low of $194.36 and a fifty-two week high of $363.06. The company has a debt-to-equity ratio of 0.13, a current ratio of 2.31 and a quick ratio of 2.31. The stock has a market capitalization of $16.90 billion, a PE ratio of 27.47 and a beta of 1.42.

Jones Lang LaSalle (NYSE:JLL) last announced its earnings results on Wednesday, November 5th. The financial services provider reported $4.50 EPS for the quarter, topping the consensus estimate of $4.24 by $0.26. The firm had revenue of $6.51 billion for the quarter, compared to the consensus estimate of $6.49 billion. Jones Lang LaSalle had a net margin of 2.49% and a return on equity of 11.10%. The business’s quarterly revenue was up 10.9% on a year-over-year basis. During the same period last year, the company posted $3.50 EPS. Sell-side analysts expect that Jones Lang LaSalle Incorporated will post 16.45 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

A number of analysts have commented on JLL shares. Barclays assumed coverage on shares of Jones Lang LaSalle in a report on Tuesday, December 2nd. They set an “equal weight” rating and a $351.00 target price for the company. The Goldman Sachs Group lifted their price objective on Jones Lang LaSalle from $361.00 to $407.00 and gave the stock a “buy” rating in a research note on Wednesday, November 26th. Keefe, Bruyette & Woods increased their target price on Jones Lang LaSalle from $390.00 to $405.00 and gave the company an “outperform” rating in a research note on Thursday, January 8th. Weiss Ratings restated a “hold (c+)” rating on shares of Jones Lang LaSalle in a research report on Thursday, January 22nd. Finally, Wall Street Zen upgraded shares of Jones Lang LaSalle from a “buy” rating to a “strong-buy” rating in a research report on Sunday, January 11th. Four investment analysts have rated the stock with a Buy rating and five have given a Hold rating to the company’s stock. Based on data from MarketBeat, the company presently has a consensus rating of “Hold” and an average price target of $364.17.

Insider Buying and Selling

In related news, CEO Christian Ulbrich sold 96 shares of the company’s stock in a transaction on Thursday, December 11th. The shares were sold at an average price of $332.18, for a total value of $31,889.28. Following the completion of the transaction, the chief executive officer directly owned 114,685 shares of the company’s stock, valued at approximately $38,096,063.30. This represents a 0.08% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Over the last quarter, insiders have sold 20,000 shares of company stock valued at $6,609,091. Insiders own 0.91% of the company’s stock.

Jones Lang LaSalle 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.