Equity Investment Corp Takes Position in Jones Lang LaSalle Incorporated $JLL

by · The Cerbat Gem

Equity Investment Corp bought a new position in Jones Lang LaSalle Incorporated (NYSE:JLL – Free Report) during the second quarter, according to its most recent Form 13F filing with the SEC. The firm bought 261,514 shares of the financial services provider’s stock, valued at approximately $81,056,000.

Several other large investors also recently added to or reduced their stakes in the stock. Mitsubishi UFJ Asset Management Co. Ltd. acquired a new stake in shares of Jones Lang LaSalle in the 2nd quarter worth $26,000. Sunbelt Securities Inc. purchased a new stake in shares of Jones Lang LaSalle in the 3rd quarter valued at approximately $25,000. International Assets Investment Management LLC purchased a new stake in shares of Jones Lang LaSalle during the 4th quarter valued at approximately $29,000. Activest Wealth Management lifted its stake in shares of Jones Lang LaSalle by 1,720.0% in the 4th quarter. Activest Wealth Management now owns 91 shares of the financial services provider’s stock valued at $31,000 after purchasing an additional 86 shares during the last quarter. Finally, Hilton Head Capital Partners LLC purchased a new position in Jones Lang LaSalle during the fourth quarter worth about $35,000. 94.80% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several analysts have recently issued reports on the stock. UBS Group increased their price target on shares of Jones Lang LaSalle from $425.00 to $445.00 and gave the stock a “buy” rating in a research report on Wednesday, April 22nd. Barclays raised their price target on shares of Jones Lang LaSalle from $368.00 to $401.00 and gave the company an “equal weight” rating in a research report on Monday. Weiss Ratings lowered Jones Lang LaSalle from a “buy (b)” rating to a “buy (b-)” rating in a report on Thursday, May 28th. Raymond James Financial reissued a “strong-buy” rating and issued a $500.00 price objective on shares of Jones Lang LaSalle in a research report on Thursday, July 30th. Finally, Keefe, Bruyette & Woods raised their price objective on Jones Lang LaSalle from $375.00 to $415.00 and gave the stock an “outperform” rating in a report on Monday, August 3rd. One equities research analyst has rated the stock with a Strong Buy rating, five have assigned a Buy rating and two have given a Hold rating to the company. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average price target of $423.33.

Read Our Latest Stock Report on JLL

Insider Activity

In other news, CEO Christian Ulbrich sold 2,000 shares of Jones Lang LaSalle stock in a transaction on Tuesday, August 18th. The stock was sold at an average price of $375.00, for a total transaction of $750,000.00. Following the completion of the transaction, the chief executive officer owned 144,418 shares of the company’s stock, valued at $54,156,750. The trade was a 1.37% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director Larry Quinlan sold 403 shares of the stock in a transaction dated Friday, June 5th. The shares were sold at an average price of $295.14, for a total transaction of $118,941.42. Following the completion of the sale, the director directly owned 4,771 shares in the company, valued at approximately $1,408,112.94. The trade was a 7.79% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders have sold 4,805 shares of company stock worth $1,740,237 over the last 90 days. 0.91% of the stock is currently owned by company insiders.

Jones Lang LaSalle Stock Up 0.2%

Jones Lang LaSalle stock opened at $371.01 on Wednesday. The stock’s 50 day moving average price is $330.35 and its 200 day moving average price is $318.29. Jones Lang LaSalle Incorporated has a 1-year low of $259.83 and a 1-year high of $376.85. The company has a market cap of $17.07 billion, a PE ratio of 17.78 and a beta of 1.24. The company has a debt-to-equity ratio of 0.15, a current ratio of 2.40 and a quick ratio of 2.40.

Jones Lang LaSalle (NYSE:JLL – Get Free Report) last released its earnings results on Thursday, July 30th. The financial services provider reported $5.26 EPS for the quarter, beating analysts’ consensus estimates of $4.56 by $0.70. Jones Lang LaSalle had a return on equity of 13.99% and a net margin of 3.64%.The company had revenue of $6.93 billion during the quarter, compared to the consensus estimate of $6.88 billion. During the same quarter last year, the company earned $3.30 earnings per share. Jones Lang LaSalle’s quarterly revenue was up 10.8% compared to the same quarter last year. On average, sell-side analysts predict that Jones Lang LaSalle Incorporated will post 24.18 EPS for the current fiscal year.

Jones Lang LaSalle Company Profile

(Free Report)

Jones Lang LaSalle Incorporated (NYSE: JLL) is a leading professional services firm specializing in real estate and investment management. The company provides a broad range of services including leasing, advisory, property and asset management, capital markets, project and development services, and valuation. Through its integrated platform, JLL serves corporate occupiers, institutional investors, real estate owners and developers, offering tailored solutions that span the entire real estate lifecycle.

Founded in 1783 in London as Jones Lang Wootton, the firm established a reputation for expertise in property management and brokerage.

Featured Articles

Want to see what other hedge funds are holding JLL? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Jones Lang LaSalle Incorporated (NYSE:JLL – Free Report).