12,879 Shares in Jones Lang LaSalle Incorporated $JLL Acquired by Boothbay Fund Management LLC

Boothbay Fund Management LLC purchased a new stake in Jones Lang LaSalle Incorporated (NYSE:JLL) during the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm purchased 12,879 shares of the financial services provider’s stock, valued at approximately $3,842,000.

Several other institutional investors also recently bought and sold shares of JLL. Norges Bank purchased a new stake in Jones Lang LaSalle during the 2nd quarter worth $160,187,000. EdgePoint Investment Group Inc. grew its stake 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 buying an additional 386,184 shares in the last quarter. Equity Investment Corp acquired a new stake in shares of Jones Lang LaSalle in the third quarter valued at about $72,132,000. Wellington Management Group LLP raised its holdings in shares of Jones Lang LaSalle by 310.0% during the 3rd quarter. Wellington Management Group LLP now owns 290,148 shares of the financial services provider’s stock valued at $86,545,000 after buying an additional 219,373 shares during the period. Finally, Long Pond Capital LP acquired a new position in Jones Lang LaSalle during the 2nd quarter worth approximately $51,370,000. 94.80% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several brokerages have issued reports on JLL. Weiss Ratings raised shares of Jones Lang LaSalle from a “hold (c+)” rating to a “buy (b-)” rating in a research report on Friday, February 20th. Barclays decreased their target price on shares of Jones Lang LaSalle from $360.00 to $355.00 and set an “equal weight” rating for the company in a research note on Friday. Wall Street Zen raised shares of Jones Lang LaSalle from a “buy” rating to a “strong-buy” rating in a report on Sunday, January 11th. Zacks Research upgraded shares of Jones Lang LaSalle from a “hold” rating to a “strong-buy” rating in a report on Friday, February 20th. Finally, UBS Group raised their target price on Jones Lang LaSalle from $410.00 to $425.00 and gave the company a “buy” rating in a research note on Monday, February 23rd. One investment analyst has rated the stock with a Strong Buy rating, five have issued a Buy rating and three have given a Hold rating to the stock. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus price target of $363.17.

Jones Lang LaSalle Stock Up 0.3%

Shares of NYSE:JLL opened at $300.12 on Tuesday. The firm has a market cap of $14.06 billion, a PE ratio of 18.29 and a beta of 1.42. The company has a fifty day simple moving average of $327.20 and a 200 day simple moving average of $318.34. The company has a current ratio of 2.23, a quick ratio of 2.23 and a debt-to-equity ratio of 0.10. Jones Lang LaSalle Incorporated has a 12-month low of $194.36 and a 12-month high of $363.06.

Jones Lang LaSalle (NYSE:JLL) last posted its quarterly earnings data on Wednesday, February 18th. The financial services provider reported $8.71 EPS for the quarter, beating analysts’ consensus estimates of $7.25 by $1.46. The firm had revenue of $7.61 billion for the quarter, compared to the consensus estimate of $7.45 billion. Jones Lang LaSalle had a net margin of 3.03% and a return on equity of 12.50%. The firm’s revenue was up 11.7% compared to the same quarter last year. During the same period in the prior year, the firm posted $6.15 EPS. On average, equities research analysts anticipate that Jones Lang LaSalle Incorporated will post 16.45 EPS for the current fiscal year.

Insiders Place Their Bets

In other Jones Lang LaSalle news, Director Deborah H. Mcaneny sold 2,500 shares of the company’s stock in a transaction that occurred on Tuesday, March 10th. The stock was sold at an average price of $300.50, for a total transaction of $751,250.00. Following the sale, the director owned 14,985 shares in the company, valued at $4,502,992.50. This represents a 14.30% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through this link. 0.91% of the stock is currently owned by corporate insiders.

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.