Jones Lang LaSalle Incorporated $JLL Holdings Raised by Campbell & CO Investment Adviser LLC

Key Points

• Campbell & CO Investment Adviser LLC increased its stake in Jones Lang LaSalle Incorporated (JLL) by 84.4%, owning 5,358 shares worth approximately $1.33 million as of the latest SEC filing.
• Major institutional investors continue to accumulate shares in JLL, with 94.80% of the stock held by institutional investors and hedge funds.
• Jones Lang LaSalle's recent quarterly earnings reported $3.30 EPS, exceeding consensus estimates, with revenue growing 11.0% year-over-year.

Campbell & CO Investment Adviser LLC lifted its position in shares of Jones Lang LaSalle Incorporated (NYSE:JLL - Free Report) by 84.4% during the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 5,358 shares of the financial services provider's stock after acquiring an additional 2,453 shares during the period. Campbell & CO Investment Adviser LLC's holdings in Jones Lang LaSalle were worth $1,328,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also made changes to their positions in the company. Southeast Asset Advisors LLC acquired a new stake in shares of Jones Lang LaSalle during the 1st quarter valued at approximately $1,361,000. Oliver Luxxe Assets LLC grew its stake in Jones Lang LaSalle by 4.0% during the 1st quarter. Oliver Luxxe Assets LLC now owns 24,137 shares of the financial services provider's stock worth $5,984,000 after buying an additional 931 shares during the last quarter. Hotchkis & Wiley Capital Management LLC grew its stake in Jones Lang LaSalle by 0.3% during the 1st quarter. Hotchkis & Wiley Capital Management LLC now owns 307,632 shares of the financial services provider's stock worth $76,265,000 after buying an additional 1,055 shares during the last quarter. SVB Wealth LLC bought a new position in Jones Lang LaSalle during the 1st quarter worth $38,000. Finally, Compound Planning Inc. grew its stake in Jones Lang LaSalle by 24.4% during the 1st quarter. Compound Planning Inc. now owns 1,568 shares of the financial services provider's stock worth $389,000 after buying an additional 308 shares during the last quarter. 94.80% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling at Jones Lang LaSalle

In other news, CEO Andrew W. Poppink sold 275 shares of the company's stock in a transaction on Friday, June 20th. The stock was sold at an average price of $237.97, for a total value of $65,441.75. Following the completion of the sale, the chief executive officer owned 10,297 shares in the company, valued at $2,450,377.09. This represents a 2.60% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through this link. 0.91% of the stock is currently owned by company insiders.

Wall Street Analyst Weigh In

A number of brokerages recently commented on JLL. JPMorgan Chase & Co. upped their price objective on Jones Lang LaSalle from $285.00 to $372.00 and gave the stock an "overweight" rating in a research note on Tuesday. Keefe, Bruyette & Woods increased their price target on Jones Lang LaSalle from $280.00 to $297.00 and gave the stock an "outperform" rating in a research note on Thursday, July 24th. Wall Street Zen cut Jones Lang LaSalle from a "buy" rating to a "hold" rating in a research note on Saturday, August 23rd. JMP Securities began coverage on Jones Lang LaSalle in a research note on Monday, July 21st. They issued a "market perform" rating for the company. Finally, Citizens Jmp began coverage on Jones Lang LaSalle in a research note on Monday, July 21st. They issued a "market perform" rating for the company. One equities research analyst has rated the stock with a Strong Buy rating, five have assigned a Buy rating and three have issued a Hold rating to the company's stock. According to MarketBeat, the stock currently has an average rating of "Moderate Buy" and an average target price of $328.57.

Jones Lang LaSalle Price Performance

Shares of Jones Lang LaSalle stock traded up $1.04 during trading on Friday, hitting $305.70. The stock had a trading volume of 325,454 shares, compared to its average volume of 483,262. The company has a debt-to-equity ratio of 0.16, a current ratio of 2.35 and a quick ratio of 2.35. The firm has a market cap of $14.48 billion, a P/E ratio of 26.29 and a beta of 1.38. The business has a fifty day moving average of $271.49 and a two-hundred day moving average of $249.90. Jones Lang LaSalle Incorporated has a fifty-two week low of $194.36 and a fifty-two week high of $308.61.

Jones Lang LaSalle (NYSE:JLL - Get Free Report) last announced its quarterly earnings data on Wednesday, August 6th. The financial services provider reported $3.30 earnings per share for the quarter, beating the consensus estimate of $3.20 by $0.10. The business had revenue of $6.25 billion during the quarter, compared to analyst estimates of $6.17 billion. Jones Lang LaSalle had a return on equity of 10.63% and a net margin of 2.28%.The company's revenue was up 11.0% on a year-over-year basis. During the same quarter in the prior year, the firm posted $2.55 earnings per share. On average, sell-side analysts expect that Jones Lang LaSalle Incorporated will post 16.45 earnings per share for the current fiscal year.

About Jones Lang LaSalle

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.