Jones Lang LaSalle Incorporated $JLL Shares Acquired by Acadian Asset Management LLC

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% in the first quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 25,052 shares of the financial services provider's stock after purchasing an additional 18,287 shares during the period. Acadian Asset Management LLC owned about 0.05% of Jones Lang LaSalle worth $6,206,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in JLL. Select Equity Group L.P. raised its position in shares of Jones Lang LaSalle by 50.7% in the first quarter. Select Equity Group L.P. now owns 1,062,069 shares of the financial services provider's stock worth $263,298,000 after acquiring an additional 357,469 shares during the period. Allianz Asset Management GmbH grew its stake in Jones Lang LaSalle by 194.0% during the 1st quarter. Allianz Asset Management GmbH now owns 395,337 shares of the financial services provider's stock valued at $98,008,000 after acquiring an additional 260,847 shares in the last quarter. Nuveen LLC purchased a new stake in Jones Lang LaSalle during the 1st quarter valued at about $53,533,000. GAMMA Investing LLC boosted its holdings in Jones Lang LaSalle by 25,132.7% in the 1st quarter. GAMMA Investing LLC now owns 212,459 shares of the financial services provider's stock valued at $52,671,000 after purchasing an additional 211,617 shares during the last quarter. Finally, EdgePoint Investment Group Inc. boosted its holdings in Jones Lang LaSalle by 11.9% in the 1st quarter. EdgePoint Investment Group Inc. now owns 1,835,344 shares of the financial services provider's stock valued at $455,000,000 after purchasing an additional 195,818 shares during the last quarter. 94.80% of the stock is currently owned by institutional investors and hedge funds.

Jones Lang LaSalle Stock Down 0.6%

JLL stock opened at $312.42 on Friday. The company has a debt-to-equity ratio of 0.16, a quick ratio of 2.35 and a current ratio of 2.35. Jones Lang LaSalle Incorporated has a one year low of $194.36 and a one year high of $316.79. The company has a fifty day moving average of $282.09 and a 200-day moving average of $252.11. The stock has a market capitalization of $14.80 billion, a PE ratio of 26.86 and a beta of 1.41.

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

Insiders Place Their Bets

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 directly owned 10,297 shares in the company, valued at approximately $2,450,377.09. This trade represents a 2.60% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Company insiders own 0.91% of the company's stock.

Wall Street Analyst Weigh In

JLL has been the topic of several recent analyst reports. Citigroup decreased their target price on shares of Jones Lang LaSalle from $275.00 to $240.00 and set a "neutral" rating on the stock in a report on Wednesday, May 28th. UBS Group increased their target price on shares of Jones Lang LaSalle from $305.00 to $340.00 and gave the stock a "buy" rating in a report on Wednesday, July 2nd. Citizens Jmp assumed coverage on shares of Jones Lang LaSalle in a research report on Monday, July 21st. They issued a "market perform" rating on the stock. JMP Securities assumed coverage on shares of Jones Lang LaSalle in a research report on Monday, July 21st. They issued a "market perform" rating on the stock. Finally, The Goldman Sachs Group increased their target price on shares of Jones Lang LaSalle from $338.00 to $378.00 and gave the company a "buy" rating in a research report on Wednesday, August 13th. 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 company's stock. Based on data from MarketBeat, the stock has an average rating of "Moderate Buy" and a consensus 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.

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