Tidal Investments LLC Acquires 25,413 Shares of Jones Lang LaSalle Incorporated $JLL

Tidal Investments LLC boosted its holdings in shares of Jones Lang LaSalle Incorporated (NYSE:JLL) by 47.9% in the 2nd quarter, HoldingsChannel.com reports. The institutional investor owned 78,419 shares of the financial services provider’s stock after buying an additional 25,413 shares during the quarter. Tidal Investments LLC’s holdings in Jones Lang LaSalle were worth $24,306,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds have also modified their holdings of JLL. California State Teachers Retirement System grew its position in shares of Jones Lang LaSalle by 30,596.1% during the 2nd quarter. California State Teachers Retirement System now owns 16,836,174 shares of the financial services provider’s stock valued at $5,218,372,000 after acquiring an additional 16,781,326 shares during the period. BlackRock Inc. purchased a new position in Jones Lang LaSalle during the second quarter valued at $1,446,414,000. AQR Capital Management LLC grew its holdings in Jones Lang LaSalle by 426.7% during the fourth quarter. AQR Capital Management LLC now owns 899,625 shares of the financial services provider’s stock valued at $302,697,000 after purchasing an additional 728,824 shares during the period. Norges Bank purchased a new stake in Jones Lang LaSalle in the fourth quarter worth about $194,950,000. Finally, Eurizon Capital SGR S.p.A. bought a new position in shares of Jones Lang LaSalle in the fourth quarter worth about $132,263,000. Hedge funds and other institutional investors own 94.80% of the company’s stock.

Insider Transactions at Jones Lang LaSalle

In other news, CEO Christian Ulbrich sold 2,000 shares of the stock in a transaction on Thursday, August 20th. The shares were sold at an average price of $385.53, for a total value of $771,060.00. Following the sale, the chief executive officer owned 138,418 shares of the company’s stock, valued at approximately $53,364,291.54. This represents a 1.42% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders sold 6,000 shares of company stock valued at $2,271,060 in the last ninety days. 0.91% of the stock is owned by company insiders.

Wall Street Analysts Forecast Growth

A number of research analysts recently issued reports on JLL shares. Raymond James Financial reiterated a “strong-buy” rating and set a $500.00 price objective on shares of Jones Lang LaSalle in a research note on Thursday, July 30th. Keefe, Bruyette & Woods upped their price target on shares of Jones Lang LaSalle from $375.00 to $415.00 and gave the stock an “outperform” rating in a research report on Monday, August 3rd. Zacks Research cut shares of Jones Lang LaSalle from a “strong-buy” rating to a “hold” rating in a research note on Thursday, July 23rd. Weiss Ratings upgraded shares of Jones Lang LaSalle from a “buy (b-)” rating to a “buy (b)” rating in a research note on Tuesday, August 18th. Finally, Barclays increased their price target on Jones Lang LaSalle from $368.00 to $401.00 and gave the stock an “equal weight” rating in a research note on Monday, August 17th. One investment analyst has rated the stock with a Strong Buy rating, four have issued a Buy rating and two have issued a Hold rating to the company. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $433.60.

Jones Lang LaSalle Stock Down 1.4%

Shares of JLL stock opened at $341.50 on Friday. The company’s fifty day simple moving average is $352.62 and its two-hundred day simple moving average is $323.86. Jones Lang LaSalle Incorporated has a 52 week low of $259.83 and a 52 week high of $393.84. The stock has a market cap of $15.71 billion, a P/E ratio of 16.36 and a beta of 1.24. The company has a quick ratio of 2.40, a current 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 analysts’ consensus estimates of $4.56 by $0.70. Jones Lang LaSalle had a return on equity of 13.99% and a net margin of 3.64%.The business had revenue of $6.93 billion for the quarter, compared to the consensus estimate of $6.88 billion. During the same quarter in the previous year, the company posted $3.30 EPS. The company’s revenue was up 10.8% compared to the same quarter last year. Analysts predict that Jones Lang LaSalle Incorporated will post 25.05 EPS for the current fiscal year.

Jones Lang LaSalle Profile

Jones Lang LaSalle Incorporated (NYSE:JLL), operating under the JLL brand, is a global commercial real estate services and investment management company. It advises property owners, occupiers, investors and developers across the real estate lifecycle, with services that include leasing, capital markets, investment sales and acquisitions, valuation and advisory, research, development consulting, and property and facilities management.

JLL also provides project and development management, workplace strategy, sustainability consulting, and technology-enabled real estate solutions.