Y Intercept Hong Kong Ltd Takes $1.14 Million Position in Jones Lang LaSalle Incorporated $JLL

Y Intercept Hong Kong Ltd purchased a new position in shares of Jones Lang LaSalle Incorporated (NYSE:JLL) during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund purchased 3,832 shares of the financial services provider’s stock, valued at approximately $1,143,000.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in JLL. Integrated Wealth Concepts LLC bought a new position in shares of Jones Lang LaSalle during the 1st quarter worth approximately $546,000. Empowered Funds LLC lifted its holdings in Jones Lang LaSalle by 203.1% during the first quarter. Empowered Funds LLC now owns 4,046 shares of the financial services provider’s stock worth $1,003,000 after acquiring an additional 2,711 shares during the period. KLP Kapitalforvaltning AS boosted its position in Jones Lang LaSalle by 2.1% in the second quarter. KLP Kapitalforvaltning AS now owns 9,800 shares of the financial services provider’s stock worth $2,507,000 after purchasing an additional 200 shares during the last quarter. Louisiana State Employees Retirement System increased its position in shares of Jones Lang LaSalle by 0.8% during the 2nd quarter. Louisiana State Employees Retirement System now owns 13,400 shares of the financial services provider’s stock valued at $3,427,000 after purchasing an additional 100 shares during the last quarter. Finally, Blair William & Co. IL raised its stake in shares of Jones Lang LaSalle by 0.4% during the 2nd quarter. Blair William & Co. IL now owns 218,647 shares of the financial services provider’s stock worth $55,926,000 after purchasing an additional 812 shares during the period. Hedge funds and other institutional investors own 94.80% of the company’s stock.

Jones Lang LaSalle Trading Down 0.3%

NYSE:JLL opened at $357.62 on Friday. Jones Lang LaSalle Incorporated has a 1 year low of $194.36 and a 1 year high of $363.06. The stock’s fifty day moving average price is $340.76 and its two-hundred day moving average price is $310.97. 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 company has a market cap of $16.88 billion, a P/E ratio of 27.42 and a beta of 1.42.

Jones Lang LaSalle (NYSE:JLL) last released its quarterly earnings data on Wednesday, November 5th. The financial services provider reported $4.50 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $4.24 by $0.26. Jones Lang LaSalle had a return on equity of 11.10% and a net margin of 2.49%.The company had revenue of $6.51 billion for the quarter, compared to analyst estimates of $6.49 billion. During the same period in the previous year, the company posted $3.50 EPS. The firm’s revenue for the quarter was up 10.9% compared to the same quarter last year. As a group, analysts expect that Jones Lang LaSalle Incorporated will post 16.45 EPS for the current year.

Insider Activity

In other news, CEO Christian Ulbrich sold 96 shares of the firm’s stock in a transaction that occurred 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 in the company, valued at approximately $38,096,063.30. This trade represents a 0.08% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Insiders have sold 20,000 shares of company stock valued at $6,609,091 over the last quarter. Corporate insiders own 0.91% of the company’s stock.

Analyst Ratings Changes

JLL has been the subject of several research reports. Barclays assumed coverage on shares of Jones Lang LaSalle in a research report on Tuesday, December 2nd. They set an “equal weight” rating and a $351.00 price target for the company. Wall Street Zen upgraded shares of Jones Lang LaSalle from a “buy” rating to a “strong-buy” rating in a research note on Sunday, January 11th. UBS Group upped their price objective on Jones Lang LaSalle from $360.00 to $410.00 and gave the company a “buy” rating in a research note on Wednesday. Weiss Ratings reissued a “hold (c+)” rating on shares of Jones Lang LaSalle in a report on Thursday, January 22nd. Finally, Keefe, Bruyette & Woods boosted 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. Four analysts have rated the stock with a Buy rating and five have assigned a Hold rating to the stock. According to MarketBeat.com, Jones Lang LaSalle has an average rating of “Hold” and an average price target of $364.17.

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.