Jones Lang LaSalle Incorporated $JLL Shares Acquired by Kennedy Capital Management LLC

Kennedy Capital Management LLC lifted its position in shares of Jones Lang LaSalle Incorporated (NYSE:JLL) by 173.7% in the fourth quarter, Holdings Channel reports. The institutional investor owned 19,420 shares of the financial services provider’s stock after acquiring an additional 12,325 shares during the quarter. Kennedy Capital Management LLC’s holdings in Jones Lang LaSalle were worth $6,534,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Sunbelt Securities Inc. purchased a new stake in Jones Lang LaSalle in the third quarter valued at approximately $25,000. International Assets Investment Management LLC purchased a new stake in Jones Lang LaSalle in the fourth quarter valued at approximately $29,000. Activest Wealth Management raised its position in Jones Lang LaSalle by 1,720.0% in the fourth quarter. Activest Wealth Management now owns 91 shares of the financial services provider’s stock valued at $31,000 after purchasing an additional 86 shares during the period. Hilton Head Capital Partners LLC purchased a new stake in Jones Lang LaSalle in the fourth quarter valued at approximately $35,000. Finally, True Wealth Design LLC raised its position in Jones Lang LaSalle by 13,200.0% in the fourth quarter. True Wealth Design LLC now owns 133 shares of the financial services provider’s stock valued at $45,000 after purchasing an additional 132 shares during the period. Institutional investors and hedge funds own 94.80% of the company’s stock.

Insiders Place Their Bets

In other news, CEO Richard Bloxam sold 5,440 shares of the business’s stock in a transaction dated Tuesday, March 24th. The shares were sold at an average price of $296.94, for a total transaction of $1,615,353.60. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, Director Larry Quinlan sold 403 shares of the business’s stock in a transaction dated Friday, June 5th. The stock was sold at an average price of $295.14, for a total transaction of $118,941.42. Following the transaction, the director owned 4,771 shares in the company, valued at approximately $1,408,112.94. This trade represents a 7.79% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders own 0.91% of the company’s stock.

Jones Lang LaSalle Trading Down 0.7%

NYSE JLL opened at $297.99 on Tuesday. The company has a debt-to-equity ratio of 0.15, a quick ratio of 2.35 and a current ratio of 2.35. The firm has a market cap of $13.82 billion, a PE ratio of 16.02 and a beta of 1.29. Jones Lang LaSalle Incorporated has a one year low of $233.14 and a one year high of $363.06. The firm’s fifty day moving average is $311.83 and its two-hundred day moving average is $320.75.

Jones Lang LaSalle (NYSE:JLL) last posted its quarterly earnings data on Thursday, April 30th. The financial services provider reported $3.43 EPS for the quarter, beating analysts’ consensus estimates of $3.01 by $0.42. The company had revenue of $6.39 billion for the quarter, compared to analyst estimates of $6 billion. Jones Lang LaSalle had a net margin of 3.35% and a return on equity of 13.01%. Jones Lang LaSalle’s quarterly revenue was up 11.1% on a year-over-year basis. During the same period in the previous year, the business posted $2.31 earnings per share. Analysts expect that Jones Lang LaSalle Incorporated will post 22.8 earnings per share for the current year.

Analyst Ratings Changes

A number of analysts have issued reports on the company. Weiss Ratings lowered Jones Lang LaSalle from a “buy (b)” rating to a “buy (b-)” rating in a research report on Thursday, May 28th. Keefe, Bruyette & Woods dropped their price target 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, February 24th. Barclays boosted their price target on shares of Jones Lang LaSalle from $348.00 to $366.00 and gave the stock an “equal weight” rating in a research note on Wednesday, May 13th. Zacks Research downgraded shares of Jones Lang LaSalle from a “strong-buy” rating to a “hold” rating in a research note on Friday, April 24th. Finally, UBS Group boosted 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 note on Wednesday, April 22nd. Five equities research analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company’s stock. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and an average price target 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.