WINTON GROUP Ltd Sells 14,625 Shares of Jones Lang LaSalle Incorporated $JLL

Key Points

• WINTON GROUP Ltd cut its Jones Lang LaSalle stake by 62.2% in the second quarter, selling 14,625 shares and retaining 8,880 shares valued at approximately $2.75 million.
• Analysts maintain a generally positive outlook, with an average “Moderate Buy” rating and a $433.60 price target; recent targets range from $401 to $500.
• JLL exceeded quarterly expectations, reporting $5.26 in EPS versus the $4.56 consensus and $6.93 billion in revenue, up 10.8% year over year. Institutional investors own 94.8% of the company.

WINTON GROUP Ltd lowered its stake in Jones Lang LaSalle Incorporated (NYSE:JLL - Free Report) by 62.2% in the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 8,880 shares of the financial services provider's stock after selling 14,625 shares during the quarter. WINTON GROUP Ltd's holdings in Jones Lang LaSalle were worth $2,752,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Sunbelt Securities Inc. acquired a new stake in Jones Lang LaSalle in the third quarter valued at approximately $25,000. Mitsubishi UFJ Asset Management Co. Ltd. acquired a new stake in shares of Jones Lang LaSalle during the 2nd quarter valued at $26,000. International Assets Investment Management LLC bought a new stake in Jones Lang LaSalle during the 4th quarter worth $29,000. Johnson Financial Group Inc. bought a new position in Jones Lang LaSalle in the second quarter valued at about $34,000. Finally, Hilton Head Capital Partners LLC acquired a new stake in shares of Jones Lang LaSalle during the fourth quarter valued at about $35,000. 94.80% of the stock is owned by institutional investors.

Analysts Set New Price Targets

A number of research analysts recently issued reports on the stock. Keefe, Bruyette & Woods raised their price objective on shares of Jones Lang LaSalle from $375.00 to $415.00 and gave the company an "outperform" rating in a report on Monday, August 3rd. Barclays increased their price objective on Jones Lang LaSalle from $368.00 to $401.00 and gave the company an "equal weight" rating in a report on Monday, August 17th. Raymond James Financial reiterated a "strong-buy" rating and issued a $500.00 price target on shares of Jones Lang LaSalle in a research report on Thursday, July 30th. Weiss Ratings upgraded Jones Lang LaSalle from a "buy (b-)" rating to a "buy (b)" rating in a research report on Tuesday, August 18th. Finally, Zacks Research cut shares of Jones Lang LaSalle from a "strong-buy" rating to a "hold" rating in a research report on Thursday, July 23rd. One research analyst has rated the stock with a Strong Buy rating, four have issued a Buy rating and two have given a Hold rating to the company's stock. Based on data from MarketBeat, Jones Lang LaSalle currently has an average rating of "Moderate Buy" and an average target price of $433.60.

Jones Lang LaSalle Stock Performance

NYSE JLL opened at $347.07 on Friday. The company has a current ratio of 2.40, a quick ratio of 2.40 and a debt-to-equity ratio of 0.15. The company has a fifty day simple moving average of $353.01 and a 200 day simple moving average of $324.02. Jones Lang LaSalle Incorporated has a 12-month low of $259.83 and a 12-month high of $393.84. The company has a market cap of $15.97 billion, a P/E ratio of 16.63 and a beta of 1.24.

Jones Lang LaSalle (NYSE:JLL - Get Free Report) last issued its quarterly earnings data on Thursday, July 30th. The financial services provider reported $5.26 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $4.56 by $0.70. Jones Lang LaSalle had a net margin of 3.64% and a return on equity of 13.99%. The firm had revenue of $6.93 billion during the quarter, compared to analysts' expectations of $6.88 billion. During the same period last year, the company earned $3.30 earnings per share. The business's revenue was up 10.8% on a year-over-year basis. Sell-side analysts predict that Jones Lang LaSalle Incorporated will post 25.05 earnings per share for the current fiscal year.

Insider Buying and Selling at Jones Lang LaSalle

In related news, CEO Christian Ulbrich sold 2,000 shares of the company's stock in a transaction on Thursday, August 20th. The stock was sold at an average price of $385.53, for a total transaction of $771,060.00. Following the completion of the sale, the chief executive officer owned 138,418 shares in the company, valued at approximately $53,364,291.54. This represents a 1.42% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders sold a total of 6,000 shares of company stock valued at $2,271,060 in the last 90 days. 0.91% of the stock is owned by company insiders.

Jones Lang LaSalle Profile

Jones Lang LaSalle Incorporated NYSE: JLL, operating under the JLL brand, is a global commercial real estate services and investment management company. It advises property owners, occupiers, investors and developers across the real estate lifecycle, with services that include leasing, capital markets, investment sales and acquisitions, valuation and advisory, research, development consulting, and property and facilities management.

JLL also provides project and development management, workplace strategy, sustainability consulting, and technology-enabled real estate solutions.

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