4,900 Shares in Jones Lang LaSalle Incorporated $JLL Purchased by Inceptionr LLC

Inceptionr LLC acquired a new stake in shares of Jones Lang LaSalle Incorporated (NYSE:JLL) during the 1st quarter, Holdings Channel.com reports. The fund acquired 4,900 shares of the financial services provider’s stock, valued at approximately $1,491,000.

Several other hedge funds also recently made changes to their positions in the company. Sei Investments Co. grew its position in shares of Jones Lang LaSalle by 18.0% in the 1st quarter. Sei Investments Co. now owns 50,393 shares of the financial services provider’s stock worth $15,335,000 after acquiring an additional 7,698 shares in the last quarter. Cetera Investment Advisers lifted its stake in Jones Lang LaSalle by 46.4% during the first quarter. Cetera Investment Advisers now owns 5,822 shares of the financial services provider’s stock worth $1,772,000 after purchasing an additional 1,844 shares during the last quarter. Levin Capital Strategies L.P. bought a new position in Jones Lang LaSalle during the first quarter worth $243,000. NewEdge Wealth LLC boosted its holdings in Jones Lang LaSalle by 12.1% in the first quarter. NewEdge Wealth LLC now owns 1,848 shares of the financial services provider’s stock worth $562,000 after purchasing an additional 199 shares during the period. Finally, Westpac Banking Corp bought a new stake in Jones Lang LaSalle during the first quarter valued at $895,000. Institutional investors and hedge funds own 94.80% of the company’s stock.

Jones Lang LaSalle Stock Performance

Shares of JLL opened at $319.27 on Friday. The company has a debt-to-equity ratio of 0.15, a quick ratio of 2.35 and a current ratio of 2.35. Jones Lang LaSalle Incorporated has a 1 year low of $258.19 and a 1 year high of $363.06. The firm has a fifty day moving average of $306.15 and a 200-day moving average of $317.36. The company has a market cap of $14.81 billion, a price-to-earnings ratio of 17.16 and a beta of 1.27.

Jones Lang LaSalle (NYSE:JLL) last posted its earnings results on Thursday, April 30th. The financial services provider reported $3.43 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $3.01 by $0.42. Jones Lang LaSalle had a net margin of 3.35% and a return on equity of 13.01%. The firm had revenue of $6.39 billion during the quarter, compared to analyst estimates of $6 billion. During the same period in the previous year, the business posted $2.31 EPS. Jones Lang LaSalle’s revenue was up 11.1% on a year-over-year basis. As a group, equities analysts anticipate that Jones Lang LaSalle Incorporated will post 22.83 earnings per share for the current year.

Insider Activity

In other news, Director Larry Quinlan sold 403 shares of the business’s stock in a transaction that occurred on Friday, June 5th. The stock was sold at an average price of $295.14, for a total transaction of $118,941.42. Following the completion of the transaction, the director directly owned 4,771 shares in the company, valued at approximately $1,408,112.94. The trade was a 7.79% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Corporate insiders own 0.91% of the company’s stock.

Analyst Ratings Changes

A number of research analysts have recently issued reports on the stock. UBS Group raised their price target on shares of Jones Lang LaSalle from $425.00 to $445.00 and gave the stock a “buy” rating in a research report on Wednesday, April 22nd. Weiss Ratings downgraded shares of Jones Lang LaSalle from a “buy (b)” rating to a “buy (b-)” rating in a research report 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. Finally, Barclays lifted their target price on Jones Lang LaSalle from $348.00 to $366.00 and gave the company an “equal weight” rating in a research note on Wednesday, May 13th. One research analyst has rated the stock with a Strong Buy rating, five have assigned a Buy rating and one has assigned a Hold rating to the stock. According to MarketBeat, the stock has an average rating of “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.