Roberts Capital Advisors LLC Buys Shares of 2,418 Jones Lang LaSalle Incorporated (NYSE:JLL)

Key Points

• Roberts Capital Advisors LLC acquired 2,418 shares of Jones Lang LaSalle Incorporated, valued at approximately $599,000, indicating growing institutional interest in the company.
• Jones Lang LaSalle reported earnings of $3.30 per share, exceeding expectations and demonstrating a year-over-year revenue increase of 11.0%, with a revenue of $6.25 billion.
• Analysts have raised their price targets for Jones Lang LaSalle, with UBS increasing its target from $305 to $340 and Goldman Sachs raising it from $338 to $378, reflecting positive sentiment around the stock.

Roberts Capital Advisors LLC bought a new stake in Jones Lang LaSalle Incorporated (NYSE:JLL - Free Report) in the first quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm bought 2,418 shares of the financial services provider's stock, valued at approximately $599,000.

A number of other hedge funds also recently added to or reduced their stakes in the stock. Golden State Wealth Management LLC purchased a new position in shares of Jones Lang LaSalle during the 1st quarter worth approximately $33,000. Western Pacific Wealth Management LP purchased a new position in shares of Jones Lang LaSalle during the 1st quarter worth approximately $41,000. Versant Capital Management Inc increased its stake in shares of Jones Lang LaSalle by 356.3% during the 1st quarter. Versant Capital Management Inc now owns 324 shares of the financial services provider's stock worth $80,000 after purchasing an additional 253 shares in the last quarter. Covestor Ltd increased its stake in shares of Jones Lang LaSalle by 30.4% during the 1st quarter. Covestor Ltd now owns 335 shares of the financial services provider's stock worth $83,000 after purchasing an additional 78 shares in the last quarter. Finally, Farther Finance Advisors LLC increased its stake in shares of Jones Lang LaSalle by 39.9% during the 1st quarter. Farther Finance Advisors LLC now owns 368 shares of the financial services provider's stock worth $91,000 after purchasing an additional 105 shares in the last quarter. 94.80% of the stock is owned by hedge funds and other institutional investors.

Jones Lang LaSalle Stock Up 0.4%

Shares of JLL opened at $294.71 on Friday. The firm has a market cap of $13.96 billion, a PE ratio of 25.34 and a beta of 1.38. The company's fifty day moving average is $258.67 and its two-hundred day moving average is $248.47. Jones Lang LaSalle Incorporated has a fifty-two week low of $194.36 and a fifty-two week high of $298.39. 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 posted its earnings results 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. The business had revenue of $6.25 billion for the quarter, compared to analyst estimates of $6.17 billion. Jones Lang LaSalle had a net margin of 2.28% and a return on equity of 10.63%. The business's quarterly revenue was up 11.0% on a year-over-year basis. During the same quarter in the previous year, the business posted $2.55 EPS. Analysts forecast that Jones Lang LaSalle Incorporated will post 16.45 earnings per share for the current year.

Analysts Set New Price Targets

Several analysts have commented on JLL shares. UBS Group lifted their target price on shares of Jones Lang LaSalle from $305.00 to $340.00 and gave the stock a "buy" rating in a research note on Wednesday, July 2nd. JMP Securities started coverage on shares of Jones Lang LaSalle in a research note on Monday, July 21st. They issued a "market perform" rating for the company. The Goldman Sachs Group lifted their target price on shares of Jones Lang LaSalle from $338.00 to $378.00 and gave the stock a "buy" rating in a research note on Wednesday. Citizens Jmp started coverage on shares of Jones Lang LaSalle in a research note on Monday, July 21st. They issued a "market perform" rating for the company. Finally, Wall Street Zen raised shares of Jones Lang LaSalle from a "hold" rating to a "buy" rating in a research note on Saturday, August 9th. Three analysts have rated the stock with a hold rating, six have given a buy rating and one has assigned a strong buy rating to the company's stock. According to MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and a consensus target price of $316.14.

Insider Buying and Selling at Jones Lang LaSalle

In related news, CEO Andrew W. Poppink sold 275 shares of Jones Lang LaSalle stock in a transaction on Friday, June 20th. The shares were sold at an average price of $237.97, for a total transaction of $65,441.75. Following 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 transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Insiders own 0.91% of the company's stock.

Jones Lang LaSalle Profile

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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