Capstone Investment Advisors LLC Invests $935,000 in Jones Lang LaSalle Incorporated $JLL

Key Points

• Capstone Investment Advisors initiated a $935,000 position in Jones Lang LaSalle during the second quarter, while institutional investors collectively own 94.8% of the company.
• Analyst sentiment remains positive, with a consensus “Moderate Buy” rating and an average price target of $433.60; individual targets range as high as $500.
• JLL reported quarterly EPS of $5.26, beating estimates by $0.70, while revenue rose 10.8% year over year to $6.93 billion. Shares opened at $379.13, down 1.8% in the latest session.

Capstone Investment Advisors LLC bought a new stake in shares of Jones Lang LaSalle Incorporated (NYSE:JLL - Free Report) in the 2nd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor bought 3,017 shares of the financial services provider's stock, valued at approximately $935,000.

Several other institutional investors also recently modified their holdings of JLL. Mitsubishi UFJ Asset Management Co. Ltd. bought a new stake in shares of Jones Lang LaSalle during the 2nd quarter worth $26,000. Sunbelt Securities Inc. acquired a new position in shares of Jones Lang LaSalle in the 3rd quarter valued at $25,000. International Assets Investment Management LLC purchased a new position in Jones Lang LaSalle in the 4th quarter worth about $29,000. Activest Wealth Management raised its holdings in Jones Lang LaSalle by 1,720.0% during the 4th quarter. Activest Wealth Management now owns 91 shares of the financial services provider's stock worth $31,000 after buying an additional 86 shares during the period. Finally, Hilton Head Capital Partners LLC purchased a new stake in Jones Lang LaSalle during the fourth quarter valued at about $35,000. Institutional investors own 94.80% of the company's stock.

Analyst Upgrades and Downgrades

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

Jones Lang LaSalle Trading Down 1.8%

Shares of JLL stock opened at $379.13 on Friday. Jones Lang LaSalle Incorporated has a 12 month low of $259.83 and a 12 month high of $393.84. The company has a market cap of $17.44 billion, a PE ratio of 18.17 and a beta of 1.25. The company has a quick ratio of 2.40, a current ratio of 2.40 and a debt-to-equity ratio of 0.15. The business's 50 day moving average is $342.67 and its two-hundred day moving average is $320.38.

Jones Lang LaSalle (NYSE:JLL - Get Free Report) last posted its earnings results on Thursday, July 30th. The financial services provider reported $5.26 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $4.56 by $0.70. The business had revenue of $6.93 billion for the quarter, compared to analyst estimates of $6.88 billion. Jones Lang LaSalle had a net margin of 3.64% and a return on equity of 13.99%. Jones Lang LaSalle's revenue was up 10.8% compared to the same quarter last year. During the same period last year, the business posted $3.30 EPS. Equities analysts predict that Jones Lang LaSalle Incorporated will post 24.59 EPS for the current year.

Insider Activity at Jones Lang LaSalle

In other news, Director Larry Quinlan sold 403 shares of the company's 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 completion of the transaction, the director directly owned 4,771 shares in the company, valued at $1,408,112.94. The trade was a 7.79% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CEO Christian Ulbrich sold 2,000 shares of the 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 sale, the chief executive officer directly owned 138,418 shares of the company's stock, valued at $53,364,291.54. This represents a 1.42% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Over the last ninety days, insiders sold 6,805 shares of company stock worth $2,511,297. Company insiders own 0.91% of the company's stock.

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.

Want to see what other hedge funds are holding JLL? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Jones Lang LaSalle Incorporated (NYSE:JLL - Free Report).

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.

Continue following MarketBeat

Add MarketBeat as your preferred source on Google to see our latest stories in your feed.

Add As Preferred Source