Acadian Asset Management LLC Has $6.21 Million Stake in Jones Lang LaSalle Incorporated $JLL

Key Points

• Acadian Asset Management LLC increased its holdings in Jones Lang LaSalle by 270.3% in Q1, now owning roughly $6.2 million worth of the stock.
• Jones Lang LaSalle reported an EPS of $3.30 for the last quarter, surpassing estimates and achieving an 11.0% increase in revenue year-over-year.
• Institutional investors hold 94.80% of Jones Lang LaSalle's stock, indicating strong backing from major financial players.

Acadian Asset Management LLC boosted its holdings in shares of Jones Lang LaSalle Incorporated (NYSE:JLL - Free Report) by 270.3% during the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 25,052 shares of the financial services provider's stock after buying an additional 18,287 shares during the quarter. Acadian Asset Management LLC owned about 0.05% of Jones Lang LaSalle worth $6,206,000 at the end of the most recent quarter.

Other hedge funds have also recently bought and sold shares of the company. Golden State Wealth Management LLC acquired a new position in Jones Lang LaSalle during the first quarter worth $33,000. SVB Wealth LLC acquired a new position in Jones Lang LaSalle during the first quarter worth $38,000. Western Pacific Wealth Management LP acquired a new position in Jones Lang LaSalle during the first quarter worth $41,000. Versant Capital Management Inc increased its position in Jones Lang LaSalle by 356.3% during the first quarter. Versant Capital Management Inc now owns 324 shares of the financial services provider's stock worth $80,000 after buying an additional 253 shares during the last quarter. Finally, Brooklyn Investment Group grew its position in shares of Jones Lang LaSalle by 142.1% in the first quarter. Brooklyn Investment Group now owns 322 shares of the financial services provider's stock valued at $80,000 after purchasing an additional 189 shares during the last quarter. 94.80% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several equities research analysts have recently issued reports on the company. The Goldman Sachs Group raised their price target on Jones Lang LaSalle from $338.00 to $378.00 and gave the company a "buy" rating in a research report on Wednesday, August 13th. Wall Street Zen raised Jones Lang LaSalle from a "hold" rating to a "buy" rating in a research report on Sunday, August 31st. Citigroup lowered their price target on Jones Lang LaSalle from $275.00 to $240.00 and set a "neutral" rating on the stock in a research report on Wednesday, May 28th. UBS Group raised their price target on Jones Lang LaSalle from $305.00 to $340.00 and gave the company a "buy" rating in a research report on Wednesday, July 2nd. Finally, Citizens Jmp assumed coverage on Jones Lang LaSalle in a research report on Monday, July 21st. They issued a "market perform" rating on the stock. One analyst has rated the stock with a Strong Buy rating, five have assigned a Buy rating and three have issued a Hold rating to the company's stock. According to data from MarketBeat, the company currently has an average rating of "Moderate Buy" and an average target price of $328.57.

Jones Lang LaSalle Price Performance

JLL traded up $2.57 during midday trading on Thursday, reaching $319.55. 298,866 shares of the company's stock were exchanged, compared to its average volume of 375,623. The firm has a market capitalization of $15.14 billion, a price-to-earnings ratio of 27.48 and a beta of 1.41. The company has a quick ratio of 2.35, a current ratio of 2.35 and a debt-to-equity ratio of 0.16. Jones Lang LaSalle Incorporated has a one year low of $194.36 and a one year high of $322.36. The business has a 50-day simple moving average of $286.73 and a two-hundred day simple moving average of $253.51.

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 EPS for the quarter, topping analysts' consensus estimates of $3.20 by $0.10. The firm had revenue of $6.25 billion during the quarter, compared to analysts' expectations of $6.17 billion. Jones Lang LaSalle had a net margin of 2.28% and a return on equity of 10.63%. The company's revenue for the quarter was up 11.0% compared to the same quarter last year. During the same quarter last year, the company earned $2.55 earnings per share. As a group, research analysts predict that Jones Lang LaSalle Incorporated will post 16.45 EPS for the current year.

Insider Buying and Selling

In other Jones Lang LaSalle news, CEO Andrew W. Poppink sold 275 shares of the firm's stock in a transaction dated Friday, June 20th. The shares were sold at an average price of $237.97, for a total transaction of $65,441.75. Following the completion of the transaction, the chief executive officer owned 10,297 shares in the company, valued at $2,450,377.09. This trade represents a 2.60% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. 0.91% of the stock is currently owned by corporate insiders.

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.