Quantinno Capital Management LP Has $9.40 Million Stake in Jones Lang LaSalle Incorporated $JLL

Quantinno Capital Management LP raised its position in shares of Jones Lang LaSalle Incorporated (NYSE:JLL) by 110.2% in the first quarter, Holdings Channel reports. The fund owned 30,885 shares of the financial services provider’s stock after buying an additional 16,192 shares during the quarter. Quantinno Capital Management LP’s holdings in Jones Lang LaSalle were worth $9,399,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors have also made changes to their positions in JLL. Sunbelt Securities Inc. acquired a new position in shares of Jones Lang LaSalle during the 3rd quarter worth about $25,000. International Assets Investment Management LLC acquired a new position in shares of Jones Lang LaSalle during the fourth quarter worth approximately $29,000. Activest Wealth Management boosted its position in shares of 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 acquiring an additional 86 shares during the period. Hilton Head Capital Partners LLC acquired a new stake in shares of Jones Lang LaSalle in the fourth quarter worth $35,000. Finally, Bayforest Capital Ltd bought a new position in Jones Lang LaSalle during the fourth quarter worth $55,000. 94.80% of the stock is currently owned by institutional investors.

Insider Activity

In related news, Director Larry Quinlan sold 402 shares of Jones Lang LaSalle stock in a transaction dated Friday, June 12th. The shares were sold at an average price of $301.73, for a total transaction of $121,295.46. Following the completion of the transaction, the director directly owned 4,369 shares of the company’s stock, valued at $1,318,258.37. This trade represents a 8.43% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. 0.91% of the stock is owned by company insiders.

Analyst Upgrades and Downgrades

Several research firms have recently issued reports on JLL. Barclays boosted their price objective on shares of Jones Lang LaSalle from $366.00 to $368.00 and gave the stock an “equal weight” rating in a report on Tuesday, July 28th. Zacks Research downgraded Jones Lang LaSalle from a “strong-buy” rating to a “hold” rating in a research report on Thursday, July 23rd. UBS Group boosted their price objective on Jones Lang LaSalle from $425.00 to $445.00 and gave the company a “buy” rating in a research report on Wednesday, April 22nd. Weiss Ratings lowered Jones Lang LaSalle from a “buy (b)” rating to a “buy (b-)” rating in a research note on Thursday, May 28th. Finally, Keefe, Bruyette & Woods raised their target price on Jones Lang LaSalle from $375.00 to $415.00 and gave the stock an “outperform” rating in a research report on Monday. One analyst has rated the stock with a Strong Buy rating, five have issued a Buy rating and two have issued a Hold rating to the company. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus target price of $417.83.

Jones Lang LaSalle Trading Up 0.4%

Shares of JLL opened at $367.69 on Wednesday. The stock has a 50 day simple moving average of $315.56 and a 200-day simple moving average of $317.43. Jones Lang LaSalle Incorporated has a 1 year low of $259.83 and a 1 year high of $369.95. The stock has a market cap of $16.92 billion, a PE ratio of 17.62 and a beta of 1.25. The company has a current ratio of 2.40, a quick ratio of 2.40 and a debt-to-equity ratio of 0.15.

Jones Lang LaSalle (NYSE:JLL) last released its quarterly earnings data on Thursday, July 30th. The financial services provider reported $5.26 earnings per share (EPS) for the quarter, topping the consensus estimate of $4.56 by $0.70. The firm had revenue of $6.93 billion during the quarter, compared to analyst estimates of $6.88 billion. Jones Lang LaSalle had a return on equity of 13.99% and a net margin of 3.64%.The business’s revenue for the quarter was up 10.8% compared to the same quarter last year. During the same period in the prior year, the company posted $3.30 earnings per share. On average, sell-side analysts predict that Jones Lang LaSalle Incorporated will post 24.18 EPS for the current fiscal year.

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.