Inceptionr LLC Acquires Shares of 3,479 Jones Lang LaSalle Incorporated $JLL

Key Points

• Inceptionr LLC bought a new stake of 3,479 shares of Jones Lang LaSalle in the third quarter, valued at approximately $1.04 million.
• JLL beat quarterly expectations with EPS of $8.71 (vs. $7.25 est.) and revenue of $7.61 billion (+11.7% YoY), and several brokers have raised ratings and targets (Goldman $407, UBS $425) leading to a consensus of Moderate Buy and an average price target of $362.50.
• CEO Christian Ulbrich sold 5,000 shares for about $1.65 million, insiders own 0.91% of the stock while hedge funds and institutions hold 94.80% of the shares.

Inceptionr LLC bought a new stake in shares of Jones Lang LaSalle Incorporated (NYSE:JLL - Free Report) in the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm bought 3,479 shares of the financial services provider's stock, valued at approximately $1,038,000.

A number of other hedge funds and other institutional investors also recently made changes to their positions in JLL. EdgePoint Investment Group Inc. raised its stake in Jones Lang LaSalle by 21.0% in the 2nd quarter. EdgePoint Investment Group Inc. now owns 2,221,528 shares of the financial services provider's stock valued at $568,222,000 after acquiring an additional 386,184 shares during the period. Swedbank AB lifted its holdings in Jones Lang LaSalle by 5.4% during the third quarter. Swedbank AB now owns 989,199 shares of the financial services provider's stock valued at $295,058,000 after purchasing an additional 51,050 shares during the last quarter. Norges Bank bought a new position in Jones Lang LaSalle during the second quarter worth about $160,187,000. Alliancebernstein L.P. increased its stake in shares of Jones Lang LaSalle by 9.8% in the second quarter. Alliancebernstein L.P. now owns 569,420 shares of the financial services provider's stock worth $145,646,000 after purchasing an additional 50,971 shares in the last quarter. Finally, Bamco Inc. NY raised its position in shares of Jones Lang LaSalle by 9.9% in the second quarter. Bamco Inc. NY now owns 518,364 shares of the financial services provider's stock valued at $132,587,000 after purchasing an additional 46,523 shares during the period. 94.80% of the stock is owned by hedge funds and other institutional investors.

Insider Activity

In other Jones Lang LaSalle news, CEO Christian Ulbrich sold 5,000 shares of the business's stock in a transaction dated Wednesday, December 10th. The shares were sold at an average price of $330.87, for a total value of $1,654,350.00. Following the transaction, the chief executive officer owned 114,781 shares in the company, valued at approximately $37,977,589.47. The trade was a 4.17% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Insiders own 0.91% of the company's stock.

Wall Street Analyst Weigh In

A number of brokerages have issued reports on JLL. The Goldman Sachs Group boosted their target price on shares of Jones Lang LaSalle from $361.00 to $407.00 and gave the company a "buy" rating in a report on Wednesday, November 26th. Wall Street Zen raised Jones Lang LaSalle from a "buy" rating to a "strong-buy" rating in a report on Sunday, January 11th. Weiss Ratings upgraded Jones Lang LaSalle from a "hold (c+)" rating to a "buy (b-)" rating in a research note on Friday, February 20th. UBS Group increased their price objective on Jones Lang LaSalle from $410.00 to $425.00 and gave the stock a "buy" rating in a report on Monday, February 23rd. Finally, Zacks Research raised Jones Lang LaSalle from a "hold" rating to a "strong-buy" rating in a report on Friday, February 20th. One research analyst has rated the stock with a Strong Buy rating, five have given a Buy rating and three have issued a Hold rating to the company's stock. Based on data from MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and an average price target of $362.50.

Jones Lang LaSalle Price Performance

Shares of Jones Lang LaSalle stock opened at $301.79 on Tuesday. The company has a debt-to-equity ratio of 0.10, a current ratio of 2.23 and a quick ratio of 2.23. Jones Lang LaSalle Incorporated has a one year low of $194.36 and a one year high of $363.06. The business's 50 day simple moving average is $331.58 and its two-hundred day simple moving average is $318.68. The stock has a market capitalization of $14.14 billion, a P/E ratio of 18.39 and a beta of 1.42.

Jones Lang LaSalle (NYSE:JLL - Get Free Report) last released its quarterly earnings data on Wednesday, February 18th. The financial services provider reported $8.71 earnings per share for the quarter, beating analysts' consensus estimates of $7.25 by $1.46. Jones Lang LaSalle had a return on equity of 12.50% and a net margin of 3.03%.The firm had revenue of $7.61 billion during the quarter, compared to analyst estimates of $7.45 billion. During the same quarter in the prior year, the firm posted $6.15 earnings per share. The business's quarterly revenue was up 11.7% compared to the same quarter last year. Analysts forecast that Jones Lang LaSalle Incorporated will post 16.45 EPS for the current year.

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.

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