Cinctive Capital Management LP acquired a new position in shares of Jones Lang LaSalle Incorporated (NYSE:JLL – Free Report) during the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm acquired 15,138 shares of the financial services provider’s stock, valued at approximately $4,515,000.
Several other large investors also recently added to or reduced their stakes in JLL. Norges Bank purchased a new position in shares of Jones Lang LaSalle during the 2nd quarter worth $160,187,000. EdgePoint Investment Group Inc. grew its holdings 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 period. Equity Investment Corp acquired a new stake in Jones Lang LaSalle during the third quarter worth about $72,132,000. Wellington Management Group LLP increased its position in Jones Lang LaSalle by 310.0% during the third quarter. Wellington Management Group LLP now owns 290,148 shares of the financial services provider’s stock worth $86,545,000 after purchasing an additional 219,373 shares during the last quarter. Finally, Long Pond Capital LP purchased a new position in Jones Lang LaSalle during the second quarter worth about $51,370,000. 94.80% of the stock is currently owned by hedge funds and other institutional investors.
Analyst Ratings Changes
Several analysts have recently weighed in on the stock. Keefe, Bruyette & Woods dropped their price target on shares of Jones Lang LaSalle from $405.00 to $380.00 and set an “outperform” rating for the company in a research note on Tuesday, February 24th. Zacks Research raised shares of Jones Lang LaSalle from a “hold” rating to a “strong-buy” rating in a research report on Friday, February 20th. Weiss Ratings upgraded Jones Lang LaSalle from a “hold (c+)” rating to a “buy (b-)” rating in a research report on Friday, February 20th. 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 note on Wednesday, November 26th. Finally, UBS Group lifted their target price on Jones Lang LaSalle from $410.00 to $425.00 and gave the company a “buy” rating in a research report on Monday, February 23rd. One equities research analyst has rated the stock with a Strong Buy rating, five have given a Buy rating and three have assigned a Hold rating to the stock. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average target price of $363.17.
Insider Activity
In related news, Director Deborah H. Mcaneny sold 2,500 shares of the stock in a transaction dated Tuesday, March 10th. The stock was sold at an average price of $300.50, for a total transaction of $751,250.00. Following the transaction, the director owned 14,985 shares of the company’s stock, valued at approximately $4,502,992.50. This represents a 14.30% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Corporate insiders own 0.91% of the company’s stock.
Jones Lang LaSalle Stock Performance
Shares of JLL stock opened at $299.15 on Monday. The company has a debt-to-equity ratio of 0.10, a quick ratio of 2.23 and a current ratio of 2.23. The firm has a market cap of $14.01 billion, a P/E ratio of 18.23 and a beta of 1.42. The firm’s 50 day moving average price is $328.18 and its 200-day moving average price is $318.37. Jones Lang LaSalle Incorporated has a one year low of $194.36 and a one year high of $363.06.
Jones Lang LaSalle (NYSE:JLL – Get Free Report) last announced its earnings results on Wednesday, February 18th. The financial services provider reported $8.71 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $7.25 by $1.46. Jones Lang LaSalle had a return on equity of 12.50% and a net margin of 3.03%.The company had revenue of $7.61 billion for the quarter, compared to analyst estimates of $7.45 billion. During the same quarter in the previous year, the company earned $6.15 earnings per share. The firm’s quarterly revenue was up 11.7% compared to the same quarter last year. As a group, equities research analysts predict that Jones Lang LaSalle Incorporated will post 16.45 EPS for the current year.
Jones Lang LaSalle News Roundup
Here are the key news stories impacting Jones Lang LaSalle this week:
- Positive Sentiment: JLL unveiled “Accelerate 2030” with long‑term targets (8% revenue, 12% adj. EBITDA, 16% adj. EPS growth) and said it will boost buybacks to $3B, including a $200M accelerated repurchase — strong cash‑return signal and strategic focus on data/AI services. PR Newswire
- Positive Sentiment: MarketWatch coverage highlights JLL increasing its share‑buyback to $3B — a direct shareholder‑value action that reduces float and typically supports the stock. MarketWatch
- Positive Sentiment: Analysts lifted estimates: Zacks Research raised Q1–Q4 and multi‑year EPS forecasts and has a “Strong‑Buy” stance — upward revisions bolster near‑term earnings expectations and valuation upside. Zacks
- Positive Sentiment: Broader analyst sentiment shows elevated price targets (consensus midpoint well above current levels) and multiple buy/strong‑buy ratings — analyst support helps momentum and investor confidence. Zacks Analysts Roundup
- Positive Sentiment: Technical/market factors: short interest has declined (~13.5% month‑over‑month), lowering short‑pressure and supporting upside potential.
- Neutral Sentiment: Routine index/disclosure activity: a share‑sale disclosure tied to Russell 1000 rebalancing was reported — informational rather than operational. KalkineMedia
- Negative Sentiment: Insider sale: Director Deborah McAneny sold 2,500 shares (~$751k) on March 10 — a modest negative signal on insider conviction, though size is small relative to institutional holdings. SEC filing: SEC Form 4
- Negative Sentiment: Barclays trimmed its price target slightly (from $360 to $355) and moved to an “equal weight” rating — a modest cautionary note versus other bullish coverage. Benzinga
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.
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