Y Intercept Hong Kong Ltd Buys New Position in Jones Lang LaSalle Incorporated $JLL

Y Intercept Hong Kong Ltd acquired a new stake in Jones Lang LaSalle Incorporated (NYSE:JLL) in the 1st quarter, Holdings Channel reports. The fund acquired 13,762 shares of the financial services provider’s stock, valued at approximately $4,188,000.

A number of other hedge funds have also bought and sold shares of JLL. Sunbelt Securities Inc. acquired a new position in shares of Jones Lang LaSalle in the 3rd quarter valued at $25,000. International Assets Investment Management LLC purchased a new position in shares of Jones Lang LaSalle in the fourth quarter worth about $29,000. Activest Wealth Management lifted its holdings in shares of Jones Lang LaSalle by 1,720.0% during the fourth quarter. Activest Wealth Management now owns 91 shares of the financial services provider’s stock worth $31,000 after purchasing an additional 86 shares during the period. Hilton Head Capital Partners LLC acquired a new position in Jones Lang LaSalle in the 4th quarter worth approximately $35,000. Finally, True Wealth Design LLC raised its position in Jones Lang LaSalle by 13,200.0% during the 4th quarter. True Wealth Design LLC now owns 133 shares of the financial services provider’s stock worth $45,000 after buying an additional 132 shares during the last quarter. Institutional investors and hedge funds own 94.80% of the company’s stock.

Jones Lang LaSalle Price Performance

Shares of Jones Lang LaSalle stock opened at $327.58 on Monday. The firm has a market cap of $15.20 billion, a PE ratio of 17.61 and a beta of 1.27. The business has a 50-day moving average price of $306.07 and a 200 day moving average price of $318.70. The company has a quick ratio of 2.35, a current ratio of 2.35 and a debt-to-equity ratio of 0.15. Jones Lang LaSalle Incorporated has a twelve month low of $246.07 and a twelve month high of $363.06.

Jones Lang LaSalle (NYSE:JLL) last issued its quarterly earnings data on Thursday, April 30th. The financial services provider reported $3.43 EPS for the quarter, beating the consensus estimate of $3.01 by $0.42. Jones Lang LaSalle had a return on equity of 13.01% and a net margin of 3.35%.The company had revenue of $6.39 billion for the quarter, compared to analyst estimates of $6 billion. During the same period last year, the company earned $2.31 earnings per share. Jones Lang LaSalle’s quarterly revenue was up 11.1% compared to the same quarter last year. Sell-side analysts predict that Jones Lang LaSalle Incorporated will post 22.84 earnings per share for the current fiscal year.

Insider Activity

In other news, Director Larry Quinlan sold 402 shares of Jones Lang LaSalle stock in a transaction dated Friday, June 12th. The shares were sold at an average price of $301.73, for a total value of $121,295.46. Following the sale, the director owned 4,369 shares in the company, valued at $1,318,258.37. This trade represents a 8.43% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. 0.91% of the stock is currently owned by company insiders.

Wall Street Analyst Weigh In

A number of research firms have recently weighed in on JLL. Weiss Ratings lowered shares of Jones Lang LaSalle from a “buy (b)” rating to a “buy (b-)” rating in a research note on Thursday, May 28th. Zacks Research raised shares of Jones Lang LaSalle from a “hold” rating to a “strong-buy” rating in a report on Wednesday, June 24th. UBS Group lifted their price objective on Jones Lang LaSalle from $425.00 to $445.00 and gave the company a “buy” rating in a research note on Wednesday, April 22nd. Finally, Barclays raised their target price on Jones Lang LaSalle from $348.00 to $366.00 and gave the stock an “equal weight” rating in a report on Wednesday, May 13th. One 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’s stock. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus target price of $394.00.

Jones Lang LaSalle Company 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.