Trexquant Investment LP Acquires 19,273 Shares of Jones Lang LaSalle Incorporated $JLL

Key Points

• Trexquant Investment LP significantly increased its stake in Jones Lang LaSalle by 347.4% in Q1, owning a total of 24,821 shares valued at approximately $6.15 million.
• Jones Lang LaSalle has seen a mix of upgrades and downgrades in its stock ratings, with the average rating now classified as a "Moderate Buy" and an average price target of $328.57.
• The company reported Q2 earnings with an EPS of $3.30, surpassing analysts’ expectations, while revenue increased by 11% year-over-year to $6.25 billion.

Trexquant Investment LP increased its stake in shares of Jones Lang LaSalle Incorporated (NYSE:JLL - Free Report) by 347.4% during the first quarter, according to the company in its most recent filing with the SEC. The fund owned 24,821 shares of the financial services provider's stock after acquiring an additional 19,273 shares during the period. Trexquant Investment LP owned 0.05% of Jones Lang LaSalle worth $6,153,000 as of its most recent filing with the SEC.

Other hedge funds have also made changes to their positions in the company. Norden Group LLC acquired a new stake in Jones Lang LaSalle in the 1st quarter valued at approximately $287,000. PNC Financial Services Group Inc. grew its holdings in Jones Lang LaSalle by 11.2% in the 1st quarter. PNC Financial Services Group Inc. now owns 2,605 shares of the financial services provider's stock valued at $646,000 after buying an additional 262 shares during the last quarter. Bridges Investment Management Inc. grew its holdings in Jones Lang LaSalle by 120.0% in the 1st quarter. Bridges Investment Management Inc. now owns 4,447 shares of the financial services provider's stock valued at $1,102,000 after buying an additional 2,426 shares during the last quarter. Universal Beteiligungs und Servicegesellschaft mbH acquired a new stake in Jones Lang LaSalle in the 1st quarter valued at approximately $8,164,000. Finally, Janney Montgomery Scott LLC grew its holdings in Jones Lang LaSalle by 34.5% in the 1st quarter. Janney Montgomery Scott LLC now owns 8,779 shares of the financial services provider's stock valued at $2,176,000 after buying an additional 2,252 shares during the last quarter. Institutional investors and hedge funds own 94.80% of the company's stock.

Jones Lang LaSalle Price Performance

Shares of Jones Lang LaSalle stock traded up $4.05 during midday trading on Friday, hitting $311.73. 337,902 shares of the company were exchanged, compared to its average volume of 426,808. 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 has a market cap of $14.77 billion, a P/E ratio of 26.80 and a beta of 1.41. Jones Lang LaSalle Incorporated has a 52 week low of $194.36 and a 52 week high of $315.14. The firm has a 50 day simple moving average of $276.92 and a 200-day simple moving average of $250.59.

Jones Lang LaSalle (NYSE:JLL - Get Free Report) last posted its earnings results on Wednesday, August 6th. The financial services provider reported $3.30 EPS for the quarter, topping the consensus estimate of $3.20 by $0.10. The business had revenue of $6.25 billion during the quarter, compared to the consensus estimate of $6.17 billion. Jones Lang LaSalle had a return on equity of 10.63% and a net margin of 2.28%.Jones Lang LaSalle's revenue was up 11.0% on a year-over-year basis. During the same quarter last year, the company earned $2.55 EPS. Research analysts forecast that Jones Lang LaSalle Incorporated will post 16.45 earnings per share for the current year.

Insider Transactions at Jones Lang LaSalle

In other Jones Lang LaSalle news, CEO Andrew W. Poppink sold 275 shares of Jones Lang LaSalle stock in a transaction on Friday, June 20th. The stock was sold at an average price of $237.97, for a total value of $65,441.75. Following the completion of the transaction, the chief executive officer owned 10,297 shares in the company, valued at approximately $2,450,377.09. The trade was a 2.60% decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Insiders own 0.91% of the company's stock.

Analyst Upgrades and Downgrades

A number of analysts have issued reports on JLL shares. Wall Street Zen raised Jones Lang LaSalle from a "hold" rating to a "buy" rating in a report on Sunday, August 31st. Citigroup reduced their price objective on 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. JMP Securities started coverage on Jones Lang LaSalle in a research report on Monday, July 21st. They issued a "market perform" rating for the company. The Goldman Sachs Group raised their price objective on Jones Lang LaSalle from $338.00 to $378.00 and gave the stock a "buy" rating in a research report on Wednesday, August 13th. Finally, Keefe, Bruyette & Woods raised their price objective on Jones Lang LaSalle from $280.00 to $297.00 and gave the stock an "outperform" rating in a research report on Thursday, July 24th. One equities research analyst has rated the stock with a Strong Buy rating, five have assigned a Buy rating and three have given a Hold rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and an average price target of $328.57.

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.