Y Intercept Hong Kong Ltd Grows Holdings in Jones Lang LaSalle Incorporated (NYSE:JLL)

Y Intercept Hong Kong Ltd raised its holdings in Jones Lang LaSalle Incorporated (NYSE:JLL - Free Report) by 31.3% in the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 4,354 shares of the financial services provider's stock after acquiring an additional 1,039 shares during the period. Y Intercept Hong Kong Ltd's holdings in Jones Lang LaSalle were worth $1,079,000 at the end of the most recent quarter.

A number of other hedge funds also recently bought and sold shares of the business. Allianz Asset Management GmbH raised its holdings in Jones Lang LaSalle by 194.0% in 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 during the last quarter. IFP Advisors Inc raised its stake in Jones Lang LaSalle by 160.1% during the first quarter. IFP Advisors Inc now owns 697 shares of the financial services provider's stock worth $173,000 after purchasing an additional 429 shares during the period. Tributary Capital Management LLC raised its stake in Jones Lang LaSalle by 4.3% during the first quarter. Tributary Capital Management LLC now owns 5,240 shares of the financial services provider's stock worth $1,299,000 after purchasing an additional 214 shares during the period. Burns Matteson Capital Management LLC raised its stake in Jones Lang LaSalle by 29.9% during the first quarter. Burns Matteson Capital Management LLC now owns 1,139 shares of the financial services provider's stock worth $282,000 after purchasing an additional 262 shares during the period. Finally, Equity Investment Corp raised its stake in Jones Lang LaSalle by 4.8% during the first quarter. Equity Investment Corp now owns 337,483 shares of the financial services provider's stock worth $83,665,000 after purchasing an additional 15,482 shares during the period. Institutional investors and hedge funds own 94.80% of the company's stock.

Analysts Set New Price Targets

JLL has been the topic of a number of analyst reports. 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. Keefe, Bruyette & Woods lifted their price target on shares of Jones Lang LaSalle from $280.00 to $297.00 and gave the company an "outperform" rating in a research report on Thursday. JMP Securities started coverage on shares of Jones Lang LaSalle in a research report on Monday, July 21st. They set a "market perform" rating for the company. Citizens Jmp started coverage on shares of Jones Lang LaSalle in a research report on Monday, July 21st. They set a "market perform" rating for the company. Finally, Citigroup dropped their price target 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. Four research analysts have rated the stock with a hold rating, five have assigned a buy rating and one has given a strong buy rating to the company's stock. Based on data from MarketBeat.com, the company has an average rating of "Moderate Buy" and an average target price of $312.43.

Insider Buying and Selling at Jones Lang LaSalle

In related news, CEO Andrew W. Poppink sold 275 shares of the stock in a transaction dated 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 of the company's stock, valued at approximately $2,450,377.09. This represents a 2.60% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. 0.91% of the stock is currently owned by company insiders.

Jones Lang LaSalle Stock Performance

JLL traded down $0.07 during trading on Monday, hitting $265.22. The stock had a trading volume of 55,164 shares, compared to its average volume of 391,849. The company has a debt-to-equity ratio of 0.17, a quick ratio of 2.01 and a current ratio of 2.01. The firm has a market capitalization of $12.59 billion, a P/E ratio of 23.99 and a beta of 1.34. The company's 50-day moving average price is $242.28 and its 200 day moving average price is $246.65. Jones Lang LaSalle Incorporated has a twelve month low of $194.36 and a twelve month high of $288.50.

Jones Lang LaSalle (NYSE:JLL - Get Free Report) last announced its quarterly earnings data on Wednesday, May 7th. The financial services provider reported $2.31 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.02 by $0.29. Jones Lang LaSalle had a net margin of 2.23% and a return on equity of 10.37%. The company had revenue of $5.75 billion for the quarter, compared to analysts' expectations of $5.65 billion. During the same period in the previous year, the company posted $1.78 EPS. Jones Lang LaSalle's revenue was up 12.1% compared to the same quarter last year. On average, equities research analysts forecast that Jones Lang LaSalle Incorporated will post 16.45 EPS for the current fiscal year.

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.