Walleye Capital LLC Has $329,000 Holdings in Jones Lang LaSalle Incorporated $JLL

Key Points

• Walleye Capital LLC reduced its stake in Jones Lang LaSalle Incorporated (JLL) by 91.7%, holding only 1,326 shares valued at $329,000 after selling 14,601 shares in the first quarter.
• Several institutional investors increased their positions in JLL, with Allianz Asset Management increasing its holdings by 194.0% and GAMMA Investing LLC raising theirs by an extraordinary 25,132.7% during the same period.
• JLL's recent earnings report showed a profit of $3.30 per share, surpassing expectations, while revenue increased by 11% compared to the previous year and analysts project a consolidated EPS of 16.45 for the current year.

Walleye Capital LLC lessened its position in Jones Lang LaSalle Incorporated (NYSE:JLL - Free Report) by 91.7% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 1,326 shares of the financial services provider's stock after selling 14,601 shares during the quarter. Walleye Capital LLC's holdings in Jones Lang LaSalle were worth $329,000 at the end of the most recent reporting period.

Several other institutional investors also recently bought and sold shares of JLL. Tudor Investment Corp ET AL acquired a new position in Jones Lang LaSalle in the fourth quarter valued at approximately $817,000. Ameriprise Financial Inc. lifted its holdings in shares of 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 purchasing an additional 43,378 shares during the period. Captrust Financial Advisors lifted its holdings in shares of 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 purchasing an additional 64 shares during the period. Bridgefront Capital LLC acquired a new stake in shares of Jones Lang LaSalle during the fourth quarter worth $297,000. Finally, BOKF NA acquired a new stake in shares of Jones Lang LaSalle during the fourth quarter worth $145,000. 94.80% of the stock is owned by institutional investors and hedge funds.

Insiders Place Their Bets

In related news, CEO Andrew W. Poppink sold 275 shares of the stock in a transaction that occurred 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 transaction, the chief executive officer owned 10,297 shares in the company, valued at approximately $2,450,377.09. This represents a 2.60% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through this link. 0.91% of the stock is currently owned by insiders.

Jones Lang LaSalle Price Performance

JLL stock traded down $3.22 during trading hours on Tuesday, hitting $308.78. 50,880 shares of the stock traded hands, compared to its average volume of 404,104. The company has a current ratio of 2.35, a quick ratio of 2.35 and a debt-to-equity ratio of 0.16. The stock has a 50-day simple moving average of $278.04 and a 200 day simple moving average of $250.79. Jones Lang LaSalle Incorporated has a one year low of $194.36 and a one year high of $315.14. The company has a market cap of $14.63 billion, a P/E ratio of 26.57 and a beta of 1.41.

Jones Lang LaSalle (NYSE:JLL - Get Free Report) last announced its earnings results 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. 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% compared to the same quarter last year. During the same period in the prior year, the business posted $2.55 earnings per share. Equities analysts forecast that Jones Lang LaSalle Incorporated will post 16.45 earnings per share for the current year.

Analyst Ratings Changes

Several research firms have recently issued reports on JLL. The Goldman Sachs Group lifted their price target on Jones Lang LaSalle from $338.00 to $378.00 and gave the stock a "buy" rating in a research note on Wednesday, August 13th. UBS Group lifted their price target on Jones Lang LaSalle from $305.00 to $340.00 and gave the company a "buy" rating in a report on Wednesday, July 2nd. Citigroup dropped their target price on shares of 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. JPMorgan Chase & Co. boosted their price objective on Jones Lang LaSalle from $285.00 to $372.00 and gave the stock an "overweight" rating in a research note on Tuesday, August 26th. Finally, Keefe, Bruyette & Woods upped their price target on Jones Lang LaSalle from $280.00 to $297.00 and gave the stock an "outperform" rating in a report on Thursday, July 24th. One research 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. According to MarketBeat.com, Jones Lang LaSalle currently 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.