Tudor Investment Corp ET AL Purchases 6,123 Shares of Jones Lang LaSalle Incorporated $JLL

Tudor Investment Corp ET AL boosted its position in shares of Jones Lang LaSalle Incorporated (NYSE:JLL) by 378.0% during the third quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 7,743 shares of the financial services provider’s stock after buying an additional 6,123 shares during the period. Tudor Investment Corp ET AL’s holdings in Jones Lang LaSalle were worth $2,310,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently made changes to their positions in JLL. EdgePoint Investment Group Inc. lifted its holdings in shares of Jones Lang LaSalle by 21.0% during the 2nd quarter. EdgePoint Investment Group Inc. now owns 2,221,528 shares of the financial services provider’s stock worth $568,222,000 after acquiring an additional 386,184 shares during the period. Swedbank AB increased its stake in Jones Lang LaSalle by 5.4% in the third quarter. Swedbank AB now owns 989,199 shares of the financial services provider’s stock valued at $295,058,000 after acquiring an additional 51,050 shares during the last quarter. Norges Bank acquired a new position in Jones Lang LaSalle during the second quarter valued at approximately $160,187,000. Alliancebernstein L.P. lifted its stake in Jones Lang LaSalle by 5.2% during the third quarter. Alliancebernstein L.P. now owns 598,980 shares of the financial services provider’s stock worth $178,664,000 after purchasing an additional 29,560 shares during the last quarter. Finally, Bamco Inc. NY boosted its holdings in shares of Jones Lang LaSalle by 8.8% in the 3rd quarter. Bamco Inc. NY now owns 564,097 shares of the financial services provider’s stock valued at $168,259,000 after purchasing an additional 45,733 shares in the last quarter. 94.80% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of equities analysts have recently commented on JLL shares. Wall Street Zen raised Jones Lang LaSalle from a “buy” rating to a “strong-buy” rating in a report on Sunday, January 11th. Weiss Ratings upgraded Jones Lang LaSalle from a “hold (c+)” rating to a “buy (b-)” rating in a research report on Friday, February 20th. Zacks Research raised Jones Lang LaSalle from a “hold” rating to a “strong-buy” rating in a research note on Friday, February 20th. UBS Group raised their price target on shares of Jones Lang LaSalle from $410.00 to $425.00 and gave the company a “buy” rating in a research note on Monday, February 23rd. Finally, Keefe, Bruyette & Woods decreased their price target on shares of Jones Lang LaSalle from $405.00 to $380.00 and set an “outperform” rating on the stock in a report on Tuesday, February 24th. One investment analyst has rated the stock with a Strong Buy rating, five have issued a Buy rating and three have assigned a Hold rating to the company’s stock. According to data from MarketBeat, Jones Lang LaSalle currently has an average rating of “Moderate Buy” and a consensus target price of $363.17.

Jones Lang LaSalle Trading Down 2.7%

Shares of JLL stock opened at $292.40 on Friday. Jones Lang LaSalle Incorporated has a twelve month low of $194.36 and a twelve month high of $363.06. The stock’s fifty day simple moving average is $318.04 and its 200 day simple moving average is $317.77. 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 firm has a market capitalization of $13.70 billion, a P/E ratio of 17.82 and a beta of 1.42.

Jones Lang LaSalle (NYSE:JLL) last posted its earnings results on Wednesday, February 18th. The financial services provider reported $8.71 EPS for the quarter, beating the consensus estimate of $7.25 by $1.46. The firm 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%.The business’s quarterly revenue was up 11.7% on a year-over-year basis. During the same period last year, the company earned $6.15 earnings per share. As a group, sell-side analysts predict that Jones Lang LaSalle Incorporated will post 16.45 EPS for the current fiscal year.

Insider Buying and Selling

In related news, CEO Richard Bloxam sold 5,440 shares of Jones Lang LaSalle stock in a transaction that occurred on Tuesday, March 24th. The shares were sold at an average price of $296.94, for a total transaction of $1,615,353.60. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Also, Director Deborah H. Mcaneny sold 2,500 shares of the company’s stock in a transaction that occurred on Tuesday, March 10th. The shares were sold at an average price of $300.50, for a total transaction of $751,250.00. Following the completion of the transaction, the director owned 14,985 shares of the company’s stock, valued at approximately $4,502,992.50. This trade represents a 14.30% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. 0.91% of the stock is owned by company insiders.

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.