R Squared Ltd Makes New Investment in Jones Lang LaSalle Incorporated $JLL

R Squared Ltd bought a new stake in Jones Lang LaSalle Incorporated (NYSE:JLL) during the third quarter, Holdings Channel reports. The institutional investor bought 2,351 shares of the financial services provider’s stock, valued at approximately $701,000.

Several other institutional investors have also made changes to their positions in the stock. Caldwell Trust Co purchased a new position in Jones Lang LaSalle during the second quarter valued at approximately $38,000. Chilton Capital Management LLC grew its holdings in shares of Jones Lang LaSalle by 33.0% during the 3rd 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. Quent Capital LLC acquired a new position in shares of Jones Lang LaSalle in the third quarter worth $41,000. Root Financial Partners LLC purchased a new stake in shares of Jones Lang LaSalle during the third quarter worth $44,000. Finally, Steph & Co. acquired a new stake in Jones Lang LaSalle during the third quarter valued at $50,000. 94.80% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several research analysts have weighed in on the company. Barclays started coverage on Jones Lang LaSalle in a research report on Tuesday, December 2nd. They issued an “equal weight” rating and a $351.00 target price on the stock. UBS Group increased their price objective on Jones Lang LaSalle from $410.00 to $425.00 and gave the stock a “buy” rating in a report on Monday. Keefe, Bruyette & Woods reduced their target price 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. Wall Street Zen upgraded shares of Jones Lang LaSalle from a “buy” rating to a “strong-buy” rating in a research note on Sunday, January 11th. Finally, 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. One research analyst has rated the stock with a Strong Buy rating, five have assigned a Buy rating and three have given a Hold rating to the company. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $362.50.

Jones Lang LaSalle Trading Up 1.9%

Shares of JLL stock opened at $322.71 on Friday. Jones Lang LaSalle Incorporated has a 12 month low of $194.36 and a 12 month high of $363.06. The company has a market cap of $15.12 billion, a PE ratio of 19.67 and a beta of 1.42. The company has a quick ratio of 2.23, a current ratio of 2.23 and a debt-to-equity ratio of 0.10. The business’s 50 day moving average is $336.43 and its two-hundred day moving average is $317.50.

Jones Lang LaSalle (NYSE:JLL) last posted its quarterly earnings data on Wednesday, February 18th. The financial services provider reported $8.71 earnings per share (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 business had revenue of $7.61 billion during the quarter, compared to the consensus estimate of $7.45 billion. During the same period in the prior year, the firm earned $6.15 EPS. Jones Lang LaSalle’s quarterly revenue was up 11.7% compared to the same quarter last year. Equities analysts predict that Jones Lang LaSalle Incorporated will post 16.45 EPS for the current year.

Insider Activity

In other news, CEO Christian Ulbrich sold 96 shares of the firm’s stock in a transaction dated Thursday, December 11th. The stock was sold at an average price of $332.18, for a total value of $31,889.28. Following the sale, the chief executive officer directly owned 114,685 shares of the company’s stock, valued at approximately $38,096,063.30. This trade represents a 0.08% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Insiders sold 14,760 shares of company stock valued at $4,878,238 over the last 90 days. Company insiders own 0.91% of the company’s stock.

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.