Hotchkis & Wiley Capital Management LLC Grows Stock Holdings in Jones Lang LaSalle Incorporated $JLL

Key Points

• Hotchkis & Wiley Capital Management LLC increased its holdings in Jones Lang LaSalle Incorporated by 0.3% during Q1, owning approximately $76.27 million worth of shares.
• Jones Lang LaSalle reported earnings of $3.30 per share for the last quarter, exceeding analysts' estimates of $3.20, with year-over-year revenue growth of 11%.
• Institutional investors and hedge funds collectively hold 94.80% of Jones Lang LaSalle's stock, indicating strong institutional interest in the company.

Hotchkis & Wiley Capital Management LLC grew its position in Jones Lang LaSalle Incorporated (NYSE:JLL - Free Report) by 0.3% during the first quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 307,632 shares of the financial services provider's stock after purchasing an additional 1,055 shares during the quarter. Hotchkis & Wiley Capital Management LLC owned approximately 0.65% of Jones Lang LaSalle worth $76,265,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the stock. Norden Group LLC acquired a new position in Jones Lang LaSalle in the first quarter valued at $287,000. PNC Financial Services Group Inc. grew its holdings in shares of Jones Lang LaSalle by 11.2% during the first quarter. PNC Financial Services Group Inc. now owns 2,605 shares of the financial services provider's stock worth $646,000 after purchasing an additional 262 shares during the last quarter. Bridges Investment Management Inc. grew its holdings in shares of Jones Lang LaSalle by 120.0% during the first quarter. Bridges Investment Management Inc. now owns 4,447 shares of the financial services provider's stock worth $1,102,000 after purchasing an additional 2,426 shares during the last quarter. Universal Beteiligungs und Servicegesellschaft mbH purchased a new position in shares of Jones Lang LaSalle during the first quarter worth about $8,164,000. Finally, Janney Montgomery Scott LLC grew its holdings in shares of Jones Lang LaSalle by 34.5% during the first quarter. Janney Montgomery Scott LLC now owns 8,779 shares of the financial services provider's stock worth $2,176,000 after purchasing an additional 2,252 shares during the last quarter. 94.80% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several brokerages have issued reports on JLL. JPMorgan Chase & Co. raised their price objective on Jones Lang LaSalle from $285.00 to $372.00 and gave the stock an "overweight" rating in a report on Tuesday. Citizens Jmp assumed coverage on Jones Lang LaSalle in a report on Monday, July 21st. They set a "market perform" rating on the stock. Wall Street Zen lowered shares of Jones Lang LaSalle from a "buy" rating to a "hold" rating in a research note on Saturday. Keefe, Bruyette & Woods lifted their price objective on shares of Jones Lang LaSalle from $280.00 to $297.00 and gave the company an "outperform" rating in a research note on Thursday, July 24th. Finally, Citigroup dropped their price objective on shares of Jones Lang LaSalle from $275.00 to $240.00 and set a "neutral" rating on the stock in a research note on Wednesday, May 28th. One analyst has rated the stock with a Strong Buy rating, five have issued a Buy rating and three have assigned a Hold rating to the stock. According to data from MarketBeat.com, Jones Lang LaSalle currently has an average rating of "Moderate Buy" and an average price target of $328.57.

Insider Buying and Selling at Jones Lang LaSalle

In other news, CEO Andrew W. Poppink sold 275 shares of Jones Lang LaSalle stock in a transaction dated Friday, June 20th. The shares were sold at an average price of $237.97, for a total value of $65,441.75. Following the sale, the chief executive officer 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 accessible through this hyperlink. 0.91% of the stock is currently owned by insiders.

Jones Lang LaSalle Stock Performance

Shares of NYSE:JLL traded up $1.03 during midday trading on Wednesday, hitting $306.51. The stock had a trading volume of 365,364 shares, compared to its average volume of 409,434. The company has a market capitalization of $14.52 billion, a PE ratio of 26.36 and a beta of 1.38. The stock has a 50 day moving average price of $267.42 and a two-hundred day moving average price of $249.13. The company has a current ratio of 2.35, a quick ratio of 2.35 and a debt-to-equity ratio of 0.16. Jones Lang LaSalle Incorporated has a 1 year low of $194.36 and a 1 year high of $308.61.

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