R Squared Ltd Invests $701,000 in Jones Lang LaSalle Incorporated $JLL

R Squared Ltd purchased a new stake in Jones Lang LaSalle Incorporated (NYSE:JLL) during the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor purchased 2,351 shares of the financial services provider’s stock, valued at approximately $701,000.

Several other hedge funds also recently added to or reduced their stakes in the stock. Chilton Capital Management LLC increased its position in shares of Jones Lang LaSalle by 33.0% in the 3rd quarter. Chilton Capital Management LLC now owns 133 shares of the financial services provider’s stock worth $40,000 after purchasing an additional 33 shares during the last quarter. Southeast Asset Advisors LLC grew its stake in Jones Lang LaSalle by 0.7% in the second quarter. Southeast Asset Advisors LLC now owns 5,530 shares of the financial services provider’s stock worth $1,414,000 after purchasing an additional 39 shares in the last quarter. Northwestern Mutual Wealth Management Co. increased its holdings in Jones Lang LaSalle by 2.0% in the second quarter. Northwestern Mutual Wealth Management Co. now owns 2,376 shares of the financial services provider’s stock valued at $608,000 after buying an additional 47 shares during the last quarter. HB Wealth Management LLC raised its stake in Jones Lang LaSalle by 6.7% during the third quarter. HB Wealth Management LLC now owns 844 shares of the financial services provider’s stock valued at $252,000 after buying an additional 53 shares in the last quarter. Finally, US Bancorp DE lifted its holdings in Jones Lang LaSalle by 2.1% during the 3rd quarter. US Bancorp DE now owns 2,532 shares of the financial services provider’s stock worth $755,000 after buying an additional 53 shares during the last quarter. 94.80% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling

In related news, CEO Christian Ulbrich sold 5,000 shares of the firm’s stock in a transaction that occurred on Wednesday, December 3rd. The shares were sold at an average price of $330.24, for a total value of $1,651,200.00. Following the completion of the transaction, the chief executive officer owned 129,445 shares of the company’s stock, valued at approximately $42,747,916.80. This trade represents a 3.72% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Over the last three months, insiders have sold 14,760 shares of company stock valued at $4,878,238. Company insiders own 0.91% of the company’s stock.

Jones Lang LaSalle Trading Up 1.9%

Shares of JLL opened at $322.71 on Friday. The business’s 50-day moving average price is $336.43 and its 200 day moving average price is $317.50. The company has a current ratio of 2.23, a quick ratio of 2.23 and a debt-to-equity ratio of 0.10. The stock has a market capitalization of $15.12 billion, a P/E ratio of 19.67 and a beta of 1.42. Jones Lang LaSalle Incorporated has a 1-year low of $194.36 and a 1-year high of $363.06.

Jones Lang LaSalle (NYSE:JLL) last announced its earnings results on Wednesday, February 18th. The financial services provider reported $8.71 EPS for the quarter, topping the consensus estimate of $7.25 by $1.46. Jones Lang LaSalle had a net margin of 3.03% and a return on equity of 12.50%. The company had revenue of $7.61 billion during the quarter, compared to analysts’ expectations of $7.45 billion. During the same period last year, the company posted $6.15 earnings per share. The business’s revenue for the quarter was up 11.7% on a year-over-year basis. Analysts expect that Jones Lang LaSalle Incorporated will post 16.45 earnings per share for the current year.

Analysts Set New Price Targets

Several equities analysts recently issued reports on JLL shares. UBS Group raised their price objective on Jones Lang LaSalle from $410.00 to $425.00 and gave the stock a “buy” rating in a research note on Monday. Keefe, Bruyette & Woods cut their target price on Jones Lang LaSalle from $405.00 to $380.00 and set an “outperform” rating on the stock in a research note on Tuesday. Weiss Ratings raised shares of Jones Lang LaSalle from a “hold (c+)” rating to a “buy (b-)” rating in a research note on Friday, February 20th. The Goldman Sachs Group boosted their price objective 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, Wall Street Zen upgraded shares of Jones Lang LaSalle from a “buy” rating to a “strong-buy” rating in a report on Sunday, January 11th. One investment analyst has rated the stock with a Strong Buy rating, five have given a Buy rating and three have issued a Hold rating to the stock. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average target price of $362.50.

About Jones Lang LaSalle

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.