Boothbay Fund Management LLC Invests $3.84 Million in Jones Lang LaSalle Incorporated $JLL

Boothbay Fund Management LLC acquired a new stake in shares of Jones Lang LaSalle Incorporated (NYSE:JLL) in the third quarter, HoldingsChannel reports. The fund acquired 12,879 shares of the financial services provider’s stock, valued at approximately $3,842,000.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Caldwell Trust Co acquired a new position in Jones Lang LaSalle in the second quarter valued at approximately $38,000. Chilton Capital Management LLC raised its position 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 purchasing an additional 33 shares during the period. Quent Capital LLC bought a new stake in shares of Jones Lang LaSalle in the 3rd quarter worth approximately $41,000. Root Financial Partners LLC acquired a new position in Jones Lang LaSalle during the 3rd quarter valued at approximately $44,000. Finally, Steph & Co. bought a new position in Jones Lang LaSalle during the 3rd quarter worth $50,000. Institutional investors and hedge funds own 94.80% of the company’s stock.

Wall Street Analyst Weigh In

JLL has been the topic of a number of recent research reports. UBS Group raised their target price on Jones Lang LaSalle from $410.00 to $425.00 and gave the company a “buy” rating in a research note on Monday, February 23rd. The Goldman Sachs Group increased their price objective on shares of Jones Lang LaSalle from $361.00 to $407.00 and gave the stock a “buy” rating in a report on Wednesday, November 26th. 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. Keefe, Bruyette & Woods decreased 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 research report on Tuesday, February 24th. Finally, Barclays cut their price target on Jones Lang LaSalle from $360.00 to $355.00 and set an “equal weight” rating on the stock in a report on Friday. One research analyst has rated the stock with a Strong Buy rating, five have given a Buy rating and three have given a Hold rating to the stock. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus price target of $363.17.

Insider Activity

In other news, Director Deborah H. Mcaneny sold 2,500 shares of Jones Lang LaSalle stock in a transaction on Tuesday, March 10th. The stock was sold at an average price of $300.50, for a total transaction of $751,250.00. Following the transaction, the director directly owned 14,985 shares in the company, valued at approximately $4,502,992.50. This trade represents a 14.30% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Company insiders own 0.91% of the company’s stock.

Jones Lang LaSalle Trading Up 0.3%

Shares of NYSE:JLL opened at $300.12 on Tuesday. The company has a 50 day moving average of $327.20 and a 200-day moving average of $318.34. The company has a current ratio of 2.23, a quick ratio of 2.23 and a debt-to-equity ratio of 0.10. The firm has a market cap of $14.06 billion, a P/E ratio of 18.29 and a beta of 1.42. Jones Lang LaSalle Incorporated has a twelve month low of $194.36 and a twelve month high of $363.06.

Jones Lang LaSalle (NYSE:JLL) last posted its quarterly earnings data on Wednesday, February 18th. The financial services provider reported $8.71 EPS for the quarter, beating analysts’ consensus estimates 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 quarter last year, the business 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, analysts anticipate that Jones Lang LaSalle Incorporated will post 16.45 earnings per share for the current fiscal 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.