Alyeska Investment Group L.P. Takes $10.84 Million Position in Jones Lang LaSalle Incorporated $JLL

Key Points

• Alyeska Investment Group acquired 34,969 shares of Jones Lang LaSalle worth approximately $10.84 million, representing a 0.08% stake. Institutional investors collectively own 94.8% of JLL.
• JLL reported quarterly EPS of $5.26, beating estimates of $4.56, while revenue rose 10.8% year over year to $6.93 billion. The stock opened at $366.59, below its 12-month high of $393.84.
• Analyst sentiment remains favorable, with a consensus “Moderate Buy” rating and an average price target of $433.60, although insiders sold $2.51 million of shares over the past 90 days.

Alyeska Investment Group L.P. purchased a new stake in Jones Lang LaSalle Incorporated (NYSE:JLL - Free Report) in the 2nd quarter, according to its most recent filing with the Securities & Exchange Commission. The fund purchased 34,969 shares of the financial services provider's stock, valued at approximately $10,839,000. Alyeska Investment Group L.P. owned 0.08% of Jones Lang LaSalle at the end of the most recent quarter.

A number of other hedge funds have also recently added to or reduced their stakes in JLL. Mitsubishi UFJ Asset Management Co. Ltd. acquired a new position in Jones Lang LaSalle in the second quarter valued at about $26,000. Sunbelt Securities Inc. acquired a new stake in Jones Lang LaSalle during the third quarter worth about $25,000. International Assets Investment Management LLC bought a new position in Jones Lang LaSalle in the 4th quarter valued at about $29,000. Hilton Head Capital Partners LLC acquired a new position in shares of Jones Lang LaSalle in the 4th quarter valued at approximately $35,000. Finally, Johnson Financial Group Inc. bought a new stake in shares of Jones Lang LaSalle during the 2nd quarter worth approximately $34,000. Institutional investors own 94.80% of the company's stock.

Jones Lang LaSalle Trading Down 3.0%

NYSE JLL opened at $366.59 on Tuesday. The company has a quick ratio of 2.40, a current ratio of 2.40 and a debt-to-equity ratio of 0.15. Jones Lang LaSalle Incorporated has a twelve month low of $259.83 and a twelve month high of $393.84. The company has a market cap of $16.87 billion, a price-to-earnings ratio of 17.57 and a beta of 1.24. The business's fifty day moving average is $345.73 and its 200 day moving average is $320.75.

Jones Lang LaSalle (NYSE:JLL - Get Free Report) last issued its earnings results on Thursday, July 30th. The financial services provider reported $5.26 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $4.56 by $0.70. Jones Lang LaSalle had a return on equity of 13.99% and a net margin of 3.64%.The business had revenue of $6.93 billion during the quarter, compared to analysts' expectations of $6.88 billion. During the same quarter in the prior year, the firm earned $3.30 EPS. The business's revenue for the quarter was up 10.8% compared to the same quarter last year. As a group, sell-side analysts expect that Jones Lang LaSalle Incorporated will post 24.59 EPS for the current fiscal year.

Insider Activity at Jones Lang LaSalle

In related news, CEO Christian Ulbrich sold 2,000 shares of the firm's stock in a transaction that occurred on Thursday, August 20th. The shares were sold at an average price of $385.53, for a total value of $771,060.00. Following the completion of the transaction, the chief executive officer owned 138,418 shares in the company, valued at $53,364,291.54. This trade represents a 1.42% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director Larry Quinlan sold 403 shares of Jones Lang LaSalle stock in a transaction that occurred on Friday, June 5th. The stock was sold at an average price of $295.14, for a total transaction of $118,941.42. Following the sale, the director owned 4,771 shares in the company, valued at approximately $1,408,112.94. This represents a 7.79% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders sold 6,805 shares of company stock valued at $2,511,297 in the last ninety days. 0.91% of the stock is currently owned by insiders.

Analyst Upgrades and Downgrades

Several equities research analysts have weighed in on JLL shares. Zacks Research cut Jones Lang LaSalle from a "strong-buy" rating to a "hold" rating in a research note on Thursday, July 23rd. Barclays boosted their price target on Jones Lang LaSalle from $368.00 to $401.00 and gave the stock an "equal weight" rating in a report on Monday, August 17th. Weiss Ratings upgraded Jones Lang LaSalle from a "buy (b-)" rating to a "buy (b)" rating in a research report on Tuesday, August 18th. Raymond James Financial reiterated a "strong-buy" rating and issued a $500.00 target price on shares of Jones Lang LaSalle in a research report on Thursday, July 30th. Finally, Keefe, Bruyette & Woods boosted their target price on Jones Lang LaSalle from $375.00 to $415.00 and gave the stock an "outperform" rating in a research note on Monday, August 3rd. One investment analyst has rated the stock with a Strong Buy rating, four have issued a Buy rating and two have given a Hold rating to the company's stock. According to data from MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and a consensus target price of $433.60.

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.

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