Graham Capital Management L.P. Has $657,000 Stock Holdings in Jones Lang LaSalle Incorporated $JLL

Key Points

• Graham Capital Management L.P. increased its stake in Jones Lang LaSalle Incorporated (NYSE:JLL) by 57.5% in Q1, acquiring an additional 967 shares, bringing their total holdings to 2,649 shares valued at approximately $657,000.
• Several other institutional investors also boosted their positions in JLL, with Versant Capital Management Inc. increasing its holdings by 356.3% and others acquiring new positions valued between $33,000 and $41,000.
• Jones Lang LaSalle's stock performance has been favorable, with a recent analyst report adjusting the target price from $280 to $297, reflecting a generally positive outlook with multiple Buy ratings from analysts.

Graham Capital Management L.P. grew its position in shares of Jones Lang LaSalle Incorporated (NYSE:JLL - Free Report) by 57.5% during the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 2,649 shares of the financial services provider's stock after buying an additional 967 shares during the quarter. Graham Capital Management L.P.'s holdings in Jones Lang LaSalle were worth $657,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors have also recently added to or reduced their stakes in JLL. Ameriprise Financial Inc. grew its stake in Jones Lang LaSalle by 27.7% during the fourth quarter. Ameriprise Financial Inc. now owns 199,789 shares of the financial services provider's stock worth $50,575,000 after buying an additional 43,378 shares during the last quarter. Captrust Financial Advisors grew its stake in Jones Lang LaSalle by 2.1% during the fourth quarter. Captrust Financial Advisors now owns 3,157 shares of the financial services provider's stock worth $799,000 after buying an additional 64 shares during the last quarter. BOKF NA bought a new stake in shares of Jones Lang LaSalle during the fourth quarter valued at approximately $145,000. Cetera Investment Advisers grew its stake in shares of Jones Lang LaSalle by 24.5% during the fourth quarter. Cetera Investment Advisers now owns 7,521 shares of the financial services provider's stock valued at $1,904,000 after purchasing an additional 1,479 shares during the last quarter. Finally, Deutsche Bank AG grew its stake in shares of Jones Lang LaSalle by 94.7% during the fourth quarter. Deutsche Bank AG now owns 64,976 shares of the financial services provider's stock valued at $16,448,000 after purchasing an additional 31,608 shares during the last quarter. 94.80% of the stock is owned by institutional investors.

Jones Lang LaSalle Trading Up 0.1%

NYSE JLL traded up $0.22 during trading hours on Monday, hitting $311.71. The company's stock had a trading volume of 374,238 shares, compared to its average volume of 425,483. The stock has a fifty day moving average of $278.04 and a 200 day moving average of $250.79. Jones Lang LaSalle Incorporated has a twelve month low of $194.36 and a twelve month high of $315.14. The firm has a market capitalization of $14.77 billion, a P/E ratio of 26.80 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 (NYSE:JLL - Get Free Report) last announced its quarterly earnings data 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. Jones Lang LaSalle had a net margin of 2.28% and a return on equity of 10.63%. The business had revenue of $6.25 billion for the quarter, compared to analyst estimates of $6.17 billion. During the same period in the prior year, the business posted $2.55 earnings per share. Jones Lang LaSalle's revenue was up 11.0% compared to the same quarter last year. Equities research analysts forecast that Jones Lang LaSalle Incorporated will post 16.45 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

Several research firms have recently commented on JLL. JPMorgan Chase & Co. increased their price target on shares of Jones Lang LaSalle from $285.00 to $372.00 and gave the company an "overweight" rating in a research note on Tuesday, August 26th. JMP Securities began coverage on shares of Jones Lang LaSalle in a research note on Monday, July 21st. They set a "market perform" rating on the stock. UBS Group increased their price target on shares of Jones Lang LaSalle from $305.00 to $340.00 and gave the company a "buy" rating in a research note on Wednesday, July 2nd. Citigroup decreased their price target 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. Finally, Citizens Jmp began coverage on shares of Jones Lang LaSalle in a research note on Monday, July 21st. They set a "market perform" rating on the stock. 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. Based on data from MarketBeat.com, Jones Lang LaSalle currently has an average rating of "Moderate Buy" and an average target price of $328.57.

Insiders Place Their Bets

In other Jones Lang LaSalle news, CEO Andrew W. Poppink sold 275 shares of the stock in a transaction on 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 directly owned 10,297 shares in the company, valued at approximately $2,450,377.09. This trade represents a 2.60% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Company insiders own 0.91% of the company's stock.

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.