4,176 Shares in Jones Lang LaSalle Incorporated $JLL Purchased by Exchange Traded Concepts LLC

Key Points

• Exchange Traded Concepts LLC acquired a new stake in Jones Lang LaSalle Incorporated, purchasing 4,176 shares valued at approximately $1,068,000 during the second quarter.
• Institutional investors now own 94.80% of Jones Lang LaSalle's stock, indicating a strong interest from major financial players.
• Jones Lang LaSalle reported a quarterly EPS of $3.30, exceeding the consensus estimate of $3.20, and its revenue grew by 11.0% year-over-year to $6.25 billion.

Exchange Traded Concepts LLC acquired a new stake in Jones Lang LaSalle Incorporated (NYSE:JLL - Free Report) in the second quarter, according to its most recent filing with the SEC. The fund acquired 4,176 shares of the financial services provider's stock, valued at approximately $1,068,000.

Other hedge funds and other institutional investors have also bought and sold shares of the company. ProShare Advisors LLC lifted its stake in Jones Lang LaSalle by 7.2% in the 4th quarter. ProShare Advisors LLC now owns 2,219 shares of the financial services provider's stock worth $562,000 after purchasing an additional 150 shares in the last quarter. Tidal Investments LLC boosted its position in Jones Lang LaSalle by 4.7% during the 4th quarter. Tidal Investments LLC now owns 846 shares of the financial services provider's stock valued at $214,000 after buying an additional 38 shares during the period. Squarepoint Ops LLC purchased a new stake in Jones Lang LaSalle during the 4th quarter valued at $590,000. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC boosted its position in Jones Lang LaSalle by 33.6% during the 4th quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 202,111 shares of the financial services provider's stock valued at $51,162,000 after buying an additional 50,844 shares during the period. Finally, Forum Financial Management LP boosted its position in Jones Lang LaSalle by 28.1% during the 4th quarter. Forum Financial Management LP now owns 1,556 shares of the financial services provider's stock valued at $394,000 after buying an additional 341 shares during the period. Institutional investors own 94.80% of the company's stock.

Jones Lang LaSalle Stock Performance

Shares of NYSE:JLL opened at $313.26 on Tuesday. The company has a market capitalization of $14.84 billion, a price-to-earnings ratio of 26.94 and a beta of 1.41. Jones Lang LaSalle Incorporated has a 12 month low of $194.36 and a 12 month high of $322.36. The firm's 50-day moving average is $289.09 and its 200 day moving average is $254.19. The company has a current ratio of 2.35, a quick ratio of 2.35 and a debt-to-equity ratio of 0.16.

Jones Lang LaSalle (NYSE:JLL - Get Free Report) last posted its quarterly earnings results on Wednesday, August 6th. The financial services provider reported $3.30 EPS for the quarter, topping the consensus estimate of $3.20 by $0.10. The company had revenue of $6.25 billion for the quarter, compared to the consensus estimate of $6.17 billion. Jones Lang LaSalle had a net margin of 2.28% and a return on equity of 10.63%. The firm's revenue was up 11.0% compared to the same quarter last year. During the same quarter last year, the firm posted $2.55 EPS. Research analysts predict that Jones Lang LaSalle Incorporated will post 16.45 EPS for the current year.

Wall Street Analyst Weigh In

A number of brokerages have recently weighed in on JLL. Citigroup cut their target price on shares of Jones Lang LaSalle from $275.00 to $240.00 and set a "neutral" rating on the stock in a research note on Wednesday, May 28th. JMP Securities initiated coverage on shares of Jones Lang LaSalle in a research note on Monday, July 21st. They issued a "market perform" rating on the stock. UBS Group upped their target price on shares of Jones Lang LaSalle from $305.00 to $340.00 and gave the stock a "buy" rating in a research note on Wednesday, July 2nd. JPMorgan Chase & Co. boosted their price objective on shares of Jones Lang LaSalle from $285.00 to $372.00 and gave the company an "overweight" rating in a report on Tuesday, August 26th. Finally, Wall Street Zen raised shares of Jones Lang LaSalle from a "hold" rating to a "buy" rating in a report on Sunday, August 31st. One equities research analyst has rated the stock with a Strong Buy rating, five have issued a Buy rating and three have given a Hold rating to the company. According to data from MarketBeat, Jones Lang LaSalle presently has a consensus rating of "Moderate Buy" and an average target price of $328.57.

Jones Lang LaSalle Profile

Jones Lang LaSalle Incorporated operates as a commercial real estate and investment management company. It engages in the buying, building, occupying, managing, and investing in a commercial, industrial, hotel, residential, and retail properties in Americas, Europe, the Middle East, Africa, and the Asia Pacific.

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