AlphaQuest LLC Has $3.74 Million Stock Position in Jones Lang LaSalle Incorporated $JLL

AlphaQuest LLC boosted its position in Jones Lang LaSalle Incorporated (NYSE:JLL) by 168.7% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 12,528 shares of the financial services provider’s stock after buying an additional 7,866 shares during the quarter. AlphaQuest LLC’s holdings in Jones Lang LaSalle were worth $3,737,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. EdgePoint Investment Group Inc. grew its position in shares of Jones Lang LaSalle by 21.0% in the second quarter. EdgePoint Investment Group Inc. now owns 2,221,528 shares of the financial services provider’s stock valued at $568,222,000 after purchasing an additional 386,184 shares during the last quarter. Swedbank AB grew its holdings in Jones Lang LaSalle by 5.4% in the 3rd quarter. Swedbank AB now owns 989,199 shares of the financial services provider’s stock valued at $295,058,000 after buying an additional 51,050 shares during the last quarter. Norges Bank bought a new position in Jones Lang LaSalle in the 2nd quarter worth approximately $160,187,000. Alliancebernstein L.P. lifted its holdings in shares of Jones Lang LaSalle by 9.8% during the second quarter. Alliancebernstein L.P. now owns 569,420 shares of the financial services provider’s stock worth $145,646,000 after buying an additional 50,971 shares during the last quarter. Finally, Bamco Inc. NY boosted its position in shares of Jones Lang LaSalle by 9.9% in the second quarter. Bamco Inc. NY now owns 518,364 shares of the financial services provider’s stock valued at $132,587,000 after acquiring an additional 46,523 shares during the period. Institutional investors and hedge funds own 94.80% of the company’s stock.

Analyst Ratings Changes

Several equities analysts recently commented on JLL shares. Weiss Ratings reiterated a “hold (c+)” rating on shares of Jones Lang LaSalle in a research note on Thursday, January 22nd. Barclays initiated coverage on Jones Lang LaSalle in a report on Tuesday, December 2nd. They issued an “equal weight” rating and a $351.00 price target for the company. Wall Street Zen upgraded Jones Lang LaSalle from a “buy” rating to a “strong-buy” rating in a research report on Sunday, January 11th. The Goldman Sachs Group raised their target price on Jones Lang LaSalle from $361.00 to $407.00 and gave the stock a “buy” rating in a research report on Wednesday, November 26th. Finally, UBS Group boosted their price target on shares of Jones Lang LaSalle from $360.00 to $410.00 and gave the company a “buy” rating in a report on Wednesday. Four equities research analysts have rated the stock with a Buy rating and five have assigned a Hold rating to the stock. According to MarketBeat.com, the stock has a consensus rating of “Hold” and an average target price of $364.17.

Jones Lang LaSalle Stock Up 0.5%

Shares of NYSE JLL opened at $358.22 on Friday. The business has a fifty day moving average of $339.90 and a two-hundred day moving average of $309.83. The company has a debt-to-equity ratio of 0.13, a quick ratio of 2.31 and a current ratio of 2.31. Jones Lang LaSalle Incorporated has a 52-week low of $194.36 and a 52-week high of $363.06. The stock has a market cap of $16.90 billion, a PE ratio of 27.47 and a beta of 1.42.

Jones Lang LaSalle (NYSE:JLL) last announced its quarterly earnings results on Wednesday, November 5th. The financial services provider reported $4.50 earnings per share (EPS) for the quarter, beating the consensus estimate of $4.24 by $0.26. The firm had revenue of $6.51 billion during the quarter, compared to the consensus estimate of $6.49 billion. Jones Lang LaSalle had a net margin of 2.49% and a return on equity of 11.10%. The firm’s quarterly revenue was up 10.9% on a year-over-year basis. During the same period last year, the firm posted $3.50 EPS. As a group, equities research analysts expect that Jones Lang LaSalle Incorporated will post 16.45 earnings per share for the current fiscal year.

Insiders Place Their Bets

In other Jones Lang LaSalle news, CEO Christian Ulbrich sold 96 shares of Jones Lang LaSalle stock in a transaction on Thursday, December 11th. The stock was sold at an average price of $332.18, for a total value of $31,889.28. Following the completion of the transaction, the chief executive officer owned 114,685 shares in the company, valued at approximately $38,096,063.30. The trade was a 0.08% decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Over the last ninety days, insiders sold 20,000 shares of company stock worth $6,609,091. Company insiders own 0.91% of the company’s stock.

Jones Lang LaSalle Profile

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.