Concurrent Investment Advisors LLC Acquires 18,912 Shares of Jones Lang LaSalle Incorporated $JLL

Key Points

• Concurrent Investment Advisors boosted its stake in Jones Lang LaSalle by 71.8% in Q4, buying 18,912 shares to own 45,238 shares (about 0.10% of the company) valued at roughly $15.22 million.
• JLL beat expectations for the quarter with EPS of $8.71 (vs. $7.25 est.) and revenue of $7.61 billion (vs. $7.45 billion), up 11.7% year-over-year, while analysts' consensus rates the stock a "Moderate Buy" with a $365.33 target.
• Company insiders sold shares recently — Director Deborah H. Mcaneny sold 2,500 shares at $300.50 and CEO Richard Bloxam sold 5,440 shares at $296.94 — and insiders now own about 0.91% of the stock.

Concurrent Investment Advisors LLC increased its holdings in shares of Jones Lang LaSalle Incorporated (NYSE:JLL - Free Report) by 71.8% during the fourth quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 45,238 shares of the financial services provider's stock after purchasing an additional 18,912 shares during the period. Concurrent Investment Advisors LLC owned 0.10% of Jones Lang LaSalle worth $15,221,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently modified their holdings of the business. Greenleaf Trust boosted its stake in shares of Jones Lang LaSalle by 1.8% during the fourth quarter. Greenleaf Trust now owns 1,668 shares of the financial services provider's stock valued at $561,000 after purchasing an additional 30 shares in the last quarter. Assetmark Inc. boosted its stake in Jones Lang LaSalle by 15.8% in the fourth quarter. Assetmark Inc. now owns 220 shares of the financial services provider's stock valued at $74,000 after acquiring an additional 30 shares in the last quarter. Chilton Capital Management LLC boosted its stake in Jones Lang LaSalle by 33.0% in the third quarter. Chilton Capital Management LLC now owns 133 shares of the financial services provider's stock valued at $40,000 after acquiring an additional 33 shares in the last quarter. IFP Advisors Inc boosted its stake in Jones Lang LaSalle by 7.9% in the third quarter. IFP Advisors Inc now owns 544 shares of the financial services provider's stock valued at $162,000 after acquiring an additional 40 shares in the last quarter. Finally, Quadrant Capital Group LLC boosted its stake in Jones Lang LaSalle by 1.2% in the third quarter. Quadrant Capital Group LLC now owns 4,208 shares of the financial services provider's stock valued at $1,255,000 after acquiring an additional 51 shares in the last quarter. 94.80% of the stock is currently owned by institutional investors.

Jones Lang LaSalle Trading Up 0.2%

NYSE:JLL opened at $338.21 on Friday. Jones Lang LaSalle Incorporated has a 12 month low of $211.86 and a 12 month high of $363.06. The firm has a fifty day simple moving average of $311.49 and a 200-day simple moving average of $320.16. The company has a current ratio of 2.23, a quick ratio of 2.23 and a debt-to-equity ratio of 0.10. The company has a market capitalization of $15.69 billion, a P/E ratio of 20.61 and a beta of 1.41.

Jones Lang LaSalle (NYSE:JLL - Get Free Report) last posted its quarterly earnings data on Wednesday, February 18th. The financial services provider reported $8.71 EPS for the quarter, topping the consensus estimate of $7.25 by $1.46. Jones Lang LaSalle had a net margin of 3.03% and a return on equity of 12.50%. The business had revenue of $7.61 billion during the quarter, compared to the consensus estimate of $7.45 billion. During the same period in the previous year, the firm posted $6.15 earnings per share. The business's revenue for the quarter was up 11.7% compared to the same quarter last year. On average, equities research analysts anticipate that Jones Lang LaSalle Incorporated will post 21.76 earnings per share for the current year.

Insider Buying and Selling at Jones Lang LaSalle

In related news, Director Deborah H. Mcaneny sold 2,500 shares of the firm's stock in a transaction on Tuesday, March 10th. The shares were sold at an average price of $300.50, for a total transaction of $751,250.00. Following the completion of the transaction, the director owned 14,985 shares of the company's stock, valued at $4,502,992.50. This trade represents a 14.30% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, CEO Richard Bloxam sold 5,440 shares of the firm's stock in a transaction on Tuesday, March 24th. The stock was sold at an average price of $296.94, for a total transaction of $1,615,353.60. Additional details regarding this sale are available in the official SEC disclosure. Insiders own 0.91% of the company's stock.

Analysts Set New Price Targets

Several brokerages have weighed in on JLL. Zacks Research upgraded shares of Jones Lang LaSalle from a "hold" rating to a "strong-buy" rating in a research note on Friday, February 20th. Keefe, Bruyette & Woods lowered their target price on shares of Jones Lang LaSalle from $405.00 to $380.00 and set an "outperform" rating for the company in a research note on Tuesday, February 24th. Wall Street Zen upgraded shares of Jones Lang LaSalle from a "buy" rating to a "strong-buy" rating in a research note on Sunday, January 11th. UBS Group raised their target price on shares of Jones Lang LaSalle from $425.00 to $445.00 and gave the company a "buy" rating in a research note on Wednesday. Finally, Barclays lowered their target price on shares of Jones Lang LaSalle from $355.00 to $348.00 and set an "equal weight" rating for the company in a research note on Tuesday, April 14th. One research analyst has rated the stock with a Strong Buy rating, five have given a Buy rating and three have assigned a Hold rating to the company's stock. Based on data from MarketBeat, the stock presently has an average rating of "Moderate Buy" and a consensus target price of $365.33.

Jones Lang LaSalle Company 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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