Caxton Associates LLP Acquires Shares of 9,334 Jones Lang LaSalle Incorporated $JLL

Key Points

• Caxton Associates LLP has acquired 9,334 shares of Jones Lang LaSalle Incorporated, valued approximately at $2.3 million, marking a significant investment in the financial services provider.
• Multiple institutional investors, including EdgePoint Investment Group and Select Equity Group, have also increased their stakes in Jones Lang LaSalle during the first quarter.
• Analysts have varying price targets for Jones Lang LaSalle, with estimates ranging from $240.00 to $372.00, indicating a general consensus of a "Moderate Buy" rating.

Caxton Associates LLP acquired a new stake in Jones Lang LaSalle Incorporated (NYSE:JLL - Free Report) in the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor acquired 9,334 shares of the financial services provider's stock, valued at approximately $2,314,000.

A number of other hedge funds also recently bought and sold shares of the business. EdgePoint Investment Group Inc. raised its holdings in Jones Lang LaSalle by 11.9% in the 1st quarter. EdgePoint Investment Group Inc. now owns 1,835,344 shares of the financial services provider's stock valued at $455,000,000 after acquiring an additional 195,818 shares during the last quarter. Select Equity Group L.P. raised its holdings in Jones Lang LaSalle by 50.7% in the 1st quarter. Select Equity Group L.P. now owns 1,062,069 shares of the financial services provider's stock valued at $263,298,000 after acquiring an additional 357,469 shares during the last quarter. Invesco Ltd. raised its holdings in Jones Lang LaSalle by 1.8% in the 1st quarter. Invesco Ltd. now owns 961,959 shares of the financial services provider's stock valued at $238,479,000 after acquiring an additional 17,336 shares during the last quarter. Northern Trust Corp raised its holdings in Jones Lang LaSalle by 21.6% in the 1st quarter. Northern Trust Corp now owns 548,227 shares of the financial services provider's stock valued at $135,911,000 after acquiring an additional 97,492 shares during the last quarter. Finally, Vulcan Value Partners LLC raised its holdings in Jones Lang LaSalle by 22.9% in the 1st quarter. Vulcan Value Partners LLC now owns 536,063 shares of the financial services provider's stock valued at $132,828,000 after acquiring an additional 99,837 shares during the last quarter. Institutional investors and hedge funds own 94.80% of the company's stock.

Wall Street Analyst Weigh In

JLL has been the subject of a number of recent research reports. UBS Group increased their price objective on shares of Jones Lang LaSalle from $305.00 to $340.00 and gave the company a "buy" rating in a report on Wednesday, July 2nd. JMP Securities initiated coverage on shares of Jones Lang LaSalle in a research note on Monday, July 21st. They issued a "market perform" rating for the company. JPMorgan Chase & Co. increased their price target on shares of Jones Lang LaSalle from $285.00 to $372.00 and gave the company an "overweight" rating in a research note on Tuesday, August 26th. Citizens Jmp initiated coverage on shares of Jones Lang LaSalle in a research note on Monday, July 21st. They issued a "market perform" rating for the company. Finally, Citigroup dropped their price target on shares of Jones Lang LaSalle from $275.00 to $240.00 and set a "neutral" rating for the company in a research note on Wednesday, May 28th. One investment 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. Based on data from MarketBeat, Jones Lang LaSalle presently has an average rating of "Moderate Buy" and a consensus target price of $328.57.

Insider Buying and Selling at Jones Lang LaSalle

In related news, CEO Andrew W. Poppink sold 275 shares of the stock in a transaction that occurred on Friday, June 20th. The shares were sold at an average price of $237.97, for a total transaction of $65,441.75. Following the completion of the transaction, the chief executive officer owned 10,297 shares of the company's stock, valued at approximately $2,450,377.09. This trade represents a 2.60% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Insiders own 0.91% of the company's stock.

Jones Lang LaSalle Stock Performance

NYSE:JLL opened at $311.71 on Tuesday. The company has a debt-to-equity ratio of 0.16, a quick ratio of 2.35 and a current ratio of 2.35. The stock has a market capitalization of $14.77 billion, a P/E ratio of 26.80 and a beta of 1.41. The company has a 50 day moving average price of $278.04 and a 200 day moving average price of $250.79. Jones Lang LaSalle Incorporated has a fifty-two week low of $194.36 and a fifty-two week high of $315.14.

Jones Lang LaSalle (NYSE:JLL - Get Free Report) last posted its quarterly earnings data on Wednesday, August 6th. The financial services provider reported $3.30 earnings per share for the quarter, topping analysts' consensus estimates of $3.20 by $0.10. The firm had revenue of $6.25 billion during the quarter, compared to analysts' expectations 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 quarterly revenue was up 11.0% on a year-over-year basis. During the same quarter last year, the company posted $2.55 EPS. Equities research analysts forecast that Jones Lang LaSalle Incorporated will post 16.45 EPS for the current 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.

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