Inceptionr LLC Makes New $1.04 Million Investment in Jones Lang LaSalle Incorporated $JLL

Inceptionr LLC bought a new stake in shares of Jones Lang LaSalle Incorporated (NYSE:JLL) during the 3rd quarter, Holdings Channel reports. The fund bought 3,479 shares of the financial services provider’s stock, valued at approximately $1,038,000.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the business. Chilton Capital Management LLC boosted its holdings in Jones Lang LaSalle by 33.0% in the third quarter. Chilton Capital Management LLC now owns 133 shares of the financial services provider’s stock valued at $40,000 after acquiring an additional 33 shares in the last quarter. Southeast Asset Advisors LLC raised its holdings in Jones Lang LaSalle by 0.7% in the 2nd 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. lifted its position in shares of Jones Lang LaSalle by 2.0% in the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 2,376 shares of the financial services provider’s stock worth $608,000 after purchasing an additional 47 shares during the period. HB Wealth Management LLC boosted its stake in shares of Jones Lang LaSalle by 6.7% during the 3rd quarter. HB Wealth Management LLC now owns 844 shares of the financial services provider’s stock valued at $252,000 after purchasing an additional 53 shares in the last quarter. Finally, US Bancorp DE boosted its stake in shares of 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 valued at $755,000 after purchasing an additional 53 shares in the last quarter. Institutional investors own 94.80% of the company’s stock.

Jones Lang LaSalle Trading Up 0.9%

Shares of NYSE:JLL opened at $301.79 on Tuesday. The company has a debt-to-equity ratio of 0.10, a current ratio of 2.23 and a quick ratio of 2.23. Jones Lang LaSalle Incorporated has a 1 year low of $194.36 and a 1 year high of $363.06. The company has a market cap of $14.14 billion, a P/E ratio of 18.39 and a beta of 1.42. The stock’s fifty day moving average price is $331.58 and its 200-day moving average price is $318.68.

Jones Lang LaSalle (NYSE:JLL) last released its quarterly earnings data 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. The company had revenue of $7.61 billion during the quarter, compared to the consensus estimate of $7.45 billion. Jones Lang LaSalle had a return on equity of 12.50% and a net margin of 3.03%.Jones Lang LaSalle’s revenue for the quarter was up 11.7% on a year-over-year basis. During the same period last year, the company earned $6.15 EPS. Sell-side analysts expect that Jones Lang LaSalle Incorporated will post 16.45 earnings per share for the current year.

Insider Activity at Jones Lang LaSalle

In other news, CEO Christian Ulbrich sold 96 shares of the business’s stock in a transaction that occurred on Thursday, December 11th. The shares were sold at an average price of $332.18, for a total transaction of $31,889.28. Following the completion of the transaction, the chief executive officer directly owned 114,685 shares of the company’s stock, valued at $38,096,063.30. The trade was a 0.08% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. 0.91% of the stock is owned by corporate insiders.

Wall Street Analyst Weigh In

JLL has been the subject of several research analyst reports. The Goldman Sachs Group raised their price objective on shares of Jones Lang LaSalle from $361.00 to $407.00 and gave the stock a “buy” rating in a report on Wednesday, November 26th. Keefe, Bruyette & Woods decreased their target price on Jones Lang LaSalle from $405.00 to $380.00 and set an “outperform” rating for the company in a research report on Tuesday, February 24th. Barclays assumed coverage on Jones Lang LaSalle in a research note on Tuesday, December 2nd. They issued an “equal weight” rating and a $351.00 target price for the company. Weiss Ratings raised Jones Lang LaSalle from a “hold (c+)” rating to a “buy (b-)” rating in a research note on Friday, February 20th. Finally, Zacks Research upgraded Jones Lang LaSalle from a “hold” rating to a “strong-buy” rating in a report on Friday, February 20th. 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 company. Based on data from MarketBeat.com, Jones Lang LaSalle currently has a consensus rating of “Moderate Buy” and a consensus price target of $362.50.

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.