Highland Capital Management LLC Buys 3,745 Shares of Jones Lang LaSalle Incorporated $JLL

Key Points

• Highland Capital Management increased its stake in Jones Lang LaSalle by 18.3% in Q4, buying 3,745 shares to hold 24,243 shares worth about $8.16 million (roughly 0.05% of the company).
• JLL beat estimates for the most recent quarter with EPS of $3.43 vs. $3.01 expected and revenue of $6.39 billion (up 11.1% year‑over‑year); the stock trades near $314.79 with a $14.6 billion market cap and a 52‑week range of $211.86–$363.06.
• Corporate insiders recently sold shares (Director Deborah H. McAneny sold 2,500 shares; CEO Richard Bloxam sold 5,440), while analysts hold a consensus "Moderate Buy" rating with an average price target of $365.33.

Highland Capital Management LLC grew its stake in shares of Jones Lang LaSalle Incorporated (NYSE:JLL - Free Report) by 18.3% during the fourth quarter, according to the company in its most recent disclosure with the SEC. The fund owned 24,243 shares of the financial services provider's stock after buying an additional 3,745 shares during the quarter. Highland Capital Management LLC owned approximately 0.05% of Jones Lang LaSalle worth $8,157,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Greenleaf Trust grew its stake in shares of Jones Lang LaSalle by 1.8% in the fourth quarter. Greenleaf Trust now owns 1,668 shares of the financial services provider's stock worth $561,000 after purchasing an additional 30 shares during the last quarter. Assetmark Inc. grew its stake in shares of Jones Lang LaSalle by 15.8% in the fourth quarter. Assetmark Inc. now owns 220 shares of the financial services provider's stock worth $74,000 after purchasing an additional 30 shares during the last quarter. Chilton Capital Management LLC grew its stake in shares of 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 worth $40,000 after purchasing an additional 33 shares during the last quarter. IFP Advisors Inc grew its stake in shares of Jones Lang LaSalle by 7.9% in the third quarter. IFP Advisors Inc now owns 544 shares of the financial services provider's stock worth $162,000 after purchasing an additional 40 shares during the last quarter. Finally, Quadrant Capital Group LLC grew its stake in shares of 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 worth $1,255,000 after purchasing an additional 51 shares during the last quarter. Institutional investors own 94.80% of the company's stock.

Jones Lang LaSalle Price Performance

JLL stock opened at $314.79 on Tuesday. The stock has a market capitalization of $14.60 billion, a PE ratio of 16.92 and a beta of 1.34. The company's 50-day moving average is $314.23 and its 200-day moving average is $321.96. The company has a debt-to-equity ratio of 0.15, a current ratio of 2.35 and a quick ratio of 2.35. Jones Lang LaSalle Incorporated has a 1 year low of $211.86 and a 1 year high of $363.06.

Jones Lang LaSalle (NYSE:JLL - Get Free Report) last released its quarterly earnings data on Thursday, April 30th. The financial services provider reported $3.43 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $3.01 by $0.42. The company had revenue of $6.39 billion for the quarter, compared to analysts' expectations of $6 billion. Jones Lang LaSalle had a net margin of 3.35% and a return on equity of 13.01%. The business's revenue was up 11.1% on a year-over-year basis. During the same quarter in the prior year, the firm earned $2.31 EPS. Equities research analysts expect that Jones Lang LaSalle Incorporated will post 21.93 EPS for the current fiscal year.

Insider Transactions at Jones Lang LaSalle

In other news, Director Deborah H. Mcaneny sold 2,500 shares of the stock in a transaction dated Tuesday, March 10th. The shares were sold at an average price of $300.50, for a total transaction of $751,250.00. Following the transaction, the director owned 14,985 shares of the company's stock, valued at $4,502,992.50. This represents a 14.30% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, CEO Richard Bloxam sold 5,440 shares of the stock in a transaction dated Tuesday, March 24th. The stock was sold at an average price of $296.94, for a total transaction of $1,615,353.60. The disclosure for this sale is available in the SEC filing. 0.91% of the stock is owned by corporate insiders.

Wall Street Analysts Forecast Growth

A number of analysts have commented on JLL shares. Barclays cut their price target on shares of Jones Lang LaSalle from $355.00 to $348.00 and set an "equal weight" rating on the stock in a research report on Tuesday, April 14th. Weiss Ratings raised shares of Jones Lang LaSalle from a "hold (c+)" rating to a "buy (b-)" rating in a research report on Friday, February 20th. Wall Street Zen raised shares of Jones Lang LaSalle from a "buy" rating to a "strong-buy" rating in a research report on Sunday, January 11th. Keefe, Bruyette & Woods cut their price target on shares of Jones Lang LaSalle from $405.00 to $380.00 and set an "outperform" rating on the stock in a research report on Tuesday, February 24th. Finally, UBS Group upped their price target on shares of Jones Lang LaSalle from $425.00 to $445.00 and gave the company a "buy" rating in a research report on Wednesday, April 22nd. Five equities research analysts have rated the stock with a Buy rating and four have issued a Hold rating to the company's stock. According to MarketBeat, the stock has a consensus rating of "Moderate Buy" and a consensus price target of $365.33.

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.