25,140 Shares in Jones Lang LaSalle Incorporated $JLL Bought by Hudson Bay Capital Management LP

Hudson Bay Capital Management LP bought a new stake in Jones Lang LaSalle Incorporated (NYSE:JLL) during the 2nd quarter, Holdings Channel reports. The fund bought 25,140 shares of the financial services provider’s stock, valued at approximately $6,430,000.

Several other institutional investors also recently modified their holdings of JLL. Norges Bank bought a new stake in shares of Jones Lang LaSalle in the 2nd quarter valued at about $160,187,000. Swedbank AB increased its stake in Jones Lang LaSalle by 115.0% in the second quarter. Swedbank AB now owns 938,149 shares of the financial services provider’s stock valued at $239,960,000 after purchasing an additional 501,716 shares in the last quarter. EdgePoint Investment Group Inc. raised its holdings in Jones Lang LaSalle by 21.0% in the second quarter. EdgePoint Investment Group Inc. now owns 2,221,528 shares of the financial services provider’s stock worth $568,222,000 after purchasing an additional 386,184 shares during the period. Select Equity Group L.P. grew its holdings in shares of Jones Lang LaSalle by 50.7% in the 1st quarter. Select Equity Group L.P. now owns 1,062,069 shares of the financial services provider’s stock valued at $263,298,000 after buying an additional 357,469 shares during the period. Finally, Long Pond Capital LP bought a new stake in shares of Jones Lang LaSalle in the 2nd quarter valued at $51,370,000. 94.80% of the stock is currently owned by institutional investors and hedge funds.

Insider Transactions at Jones Lang LaSalle

In related news, CEO Christian Ulbrich sold 96 shares of the stock in a transaction that occurred on Thursday, December 11th. The stock was sold at an average price of $332.18, for a total transaction of $31,889.28. Following the completion of the transaction, the chief executive officer directly owned 114,685 shares of the company’s stock, valued at approximately $38,096,063.30. This represents a 0.08% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Insiders sold a total of 20,000 shares of company stock worth $6,609,091 in the last 90 days. Corporate insiders own 0.91% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research analysts have issued reports on the company. Keefe, Bruyette & Woods boosted their target price on Jones Lang LaSalle from $317.00 to $345.00 and gave the company an “outperform” rating in a research note on Thursday, October 9th. The Goldman Sachs Group boosted their price objective on Jones Lang LaSalle from $361.00 to $407.00 and gave the company a “buy” rating in a research report on Wednesday, November 26th. Barclays assumed coverage on shares of Jones Lang LaSalle in a report on Tuesday, December 2nd. They set an “equal weight” rating and a $351.00 target price on the stock. JPMorgan Chase & Co. upped their price target on shares of Jones Lang LaSalle from $285.00 to $372.00 and gave the company an “overweight” rating in a report on Tuesday, August 26th. Finally, Wall Street Zen upgraded shares of Jones Lang LaSalle from a “buy” rating to a “strong-buy” rating in a report on Saturday, November 8th. One investment analyst has rated the stock with a Strong Buy rating, four have issued a Buy rating and five have assigned a Hold rating to the company’s stock. According to MarketBeat, the company has an average rating of “Moderate Buy” and a consensus price target of $342.14.

Jones Lang LaSalle Price Performance

NYSE JLL opened at $328.45 on Tuesday. The firm’s 50 day moving average is $309.52 and its 200-day moving average is $286.93. The company has a quick ratio of 2.31, a current ratio of 2.31 and a debt-to-equity ratio of 0.13. The company has a market capitalization of $15.50 billion, a PE ratio of 25.19 and a beta of 1.44. Jones Lang LaSalle Incorporated has a 12-month low of $194.36 and a 12-month high of $340.14.

Jones Lang LaSalle (NYSE:JLL) last issued its quarterly earnings results on Wednesday, November 5th. The financial services provider reported $4.50 earnings per share (EPS) for the quarter, beating the consensus estimate of $4.24 by $0.26. Jones Lang LaSalle had a net margin of 2.49% and a return on equity of 11.10%. The firm had revenue of $6.51 billion for the quarter, compared to analyst estimates of $6.49 billion. During the same period in the previous year, the business earned $3.50 EPS. The company’s revenue was up 10.9% compared to the same quarter last year. Equities research analysts anticipate that Jones Lang LaSalle Incorporated will post 16.45 earnings per share for the current fiscal year.

Jones Lang LaSalle Company Profile

Jones Lang LaSalle Incorporated operates as a commercial real estate and investment management company. It engages in the buying, building, occupying, managing, and investing in a commercial, industrial, hotel, residential, and retail properties in Americas, Europe, the Middle East, Africa, and the Asia Pacific.