Entropy Technologies LP Increases Position in Jones Lang LaSalle Incorporated (NYSE:JLL)

Key Points

• Entropy Technologies LP significantly increased its holdings in Jones Lang LaSalle by 271.1%, acquiring a total of 5,195 shares valued at approximately $1.29 million.
• Numerous institutional investors, including Tidal Investments LLC and Ellevest Inc., have also raised their stakes, with 94.80% of the stock owned by institutional investors overall.
• Jones Lang LaSalle's stock received mixed ratings from analysts, with UBS setting a new price target of $340.00, while Citigroup lowered theirs to $240.00.

Entropy Technologies LP boosted its stake in Jones Lang LaSalle Incorporated (NYSE:JLL - Free Report) by 271.1% in the 1st quarter, according to its most recent filing with the SEC. The fund owned 5,195 shares of the financial services provider's stock after purchasing an additional 3,795 shares during the period. Entropy Technologies LP's holdings in Jones Lang LaSalle were worth $1,288,000 at the end of the most recent quarter.

Several other institutional investors have also recently added to or reduced their stakes in JLL. Wells Fargo & Company MN increased its holdings in Jones Lang LaSalle by 39.3% in the 4th quarter. Wells Fargo & Company MN now owns 72,683 shares of the financial services provider's stock valued at $18,399,000 after purchasing an additional 20,516 shares during the last quarter. Federated Hermes Inc. grew its stake in shares of Jones Lang LaSalle by 16.7% in the fourth quarter. Federated Hermes Inc. now owns 5,807 shares of the financial services provider's stock worth $1,470,000 after acquiring an additional 829 shares in the last quarter. Bank of Montreal Can grew its stake in shares of Jones Lang LaSalle by 8.5% in the fourth quarter. Bank of Montreal Can now owns 7,725 shares of the financial services provider's stock worth $1,956,000 after acquiring an additional 607 shares in the last quarter. Renaissance Technologies LLC acquired a new position in shares of Jones Lang LaSalle in the fourth quarter worth $12,553,000. Finally, Advisory Services Network LLC acquired a new position in shares of Jones Lang LaSalle in the fourth quarter worth $292,000. Institutional investors and hedge funds own 94.80% of the company's stock.

Insiders Place Their Bets

In related news, CEO Andrew W. Poppink sold 275 shares of the business's stock in a transaction on Friday, June 20th. The shares were 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 directly owned 10,297 shares of the company's stock, valued at $2,450,377.09. The trade was a 2.60% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. 0.91% of the stock is currently owned by company insiders.

Analyst Ratings Changes

Several equities analysts have commented on JLL shares. Keefe, Bruyette & Woods boosted their price target on shares of Jones Lang LaSalle from $280.00 to $297.00 and gave the stock an "outperform" rating in a research note on Thursday, July 24th. The Goldman Sachs Group boosted their price target on shares of Jones Lang LaSalle from $338.00 to $378.00 and gave the stock a "buy" rating in a research note on Wednesday. UBS Group boosted their price target on shares of Jones Lang LaSalle from $305.00 to $340.00 and gave the stock a "buy" rating in a research note on Wednesday, July 2nd. JMP Securities started 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 decreased their price objective on shares of Jones Lang LaSalle from $275.00 to $240.00 and set a "neutral" rating for the company in a research report on Wednesday, May 28th. Three analysts have rated the stock with a hold rating, six have assigned a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and an average price target of $316.14.

Jones Lang LaSalle Stock Up 0.4%

Shares of Jones Lang LaSalle stock traded up $1.08 during trading on Friday, hitting $294.71. 377,426 shares of the stock were exchanged, compared to its average volume of 461,633. Jones Lang LaSalle Incorporated has a 12-month low of $194.36 and a 12-month high of $298.39. The stock has a market cap of $13.96 billion, a price-to-earnings ratio of 25.34 and a beta of 1.38. 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's 50-day moving average price is $258.67 and its 200 day moving average price is $248.47.

Jones Lang LaSalle (NYSE:JLL - Get Free Report) last announced its quarterly earnings results on Wednesday, August 6th. The financial services provider reported $3.30 earnings per share for the quarter, beating analysts' consensus estimates of $3.20 by $0.10. Jones Lang LaSalle had a net margin of 2.28% and a return on equity of 10.63%. The firm had revenue of $6.25 billion during the quarter, compared to analysts' expectations of $6.17 billion. During the same period in the previous year, the company earned $2.55 earnings per share. Jones Lang LaSalle's quarterly revenue was up 11.0% compared to the same quarter last year. As a group, analysts forecast 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.