Is Buying Jones Lang LaSalle Incorporated (JLL) Here a Winning Strategy? The Stock Formed Bullish Multiple Top

May 20, 2018 - By Peter Erickson

Jones Lang LaSalle Incorporated (NYSE:JLL) Logo

Investors sentiment decreased to 1.21 in Q4 2017. Its down 0.07, from 1.28 in 2017Q3. It dropped, as 32 investors sold Jones Lang LaSalle Incorporated shares while 102 reduced holdings. 56 funds opened positions while 106 raised stakes. 39.82 million shares or 0.68% more from 39.55 million shares in 2017Q3 were reported.
New Mexico Educational Retirement Board invested in 11,200 shares or 0.06% of the stock. Envestnet Asset Mgmt owns 0% invested in Jones Lang LaSalle Incorporated (NYSE:JLL) for 4,232 shares. Kbc Gru Nv invested 0.06% in Jones Lang LaSalle Incorporated (NYSE:JLL). Generation Inv Management Llp reported 4.26 million shares. First Bankshares Of Omaha, a Nebraska-based fund reported 23,159 shares. 76 are owned by Gemmer Asset Lc. Arrowstreet Capital Partnership holds 0.03% of its portfolio in Jones Lang LaSalle Incorporated (NYSE:JLL) for 91,749 shares. Bank & Trust Of Ny Mellon, a New York-based fund reported 579,871 shares. Highland Cap Management L P reported 0.01% stake. Moreover, First Interstate Bancshares has 0% invested in Jones Lang LaSalle Incorporated (NYSE:JLL) for 22 shares. Moreover, State Of Tennessee Treasury Department has 0.04% invested in Jones Lang LaSalle Incorporated (NYSE:JLL) for 65,200 shares. Citigroup Incorporated owns 15,780 shares for 0% of their portfolio. Moreover, Mackenzie has 0.05% invested in Jones Lang LaSalle Incorporated (NYSE:JLL). Andra Ap holds 12,400 shares. Martingale Asset Mngmt Ltd Partnership reported 86,464 shares or 0.17% of all its holdings.

Since December 11, 2017, it had 0 insider buys, and 2 selling transactions for $1.80 million activity. Nesbitt Martin H. also sold $1.00 million worth of Jones Lang LaSalle Incorporated (NYSE:JLL) shares.

The stock of Jones Lang LaSalle Incorporated (JLL) shows a multiple tops pattern with $181.60 target or 7.00 % above today’s $169.72 share price. The 6 months chart pattern indicates low risk for the $7.72 billion company. It was reported on May, 20 by Finviz.com. If the $181.60 price target is reached, the company will be worth $540.47 million more.
Multiple tops are chart patterns with decent performance in a bull market. The failure rate is higher but the average decline is reasonable. Back-tests of such patterns show that the break even failure rate is 10%, the average rise: 19%, the throwback rate: 61% and the percentage of stocks meeting their price targets: 40%.

The stock increased 0.54% or $0.91 during the last trading session, reaching $169.72. About 193,358 shares traded. Jones Lang LaSalle Incorporated (NYSE:JLL) has risen 65.47% since May 20, 2017 and is uptrending. It has outperformed by 53.92% the S&P500.

Analysts await Jones Lang LaSalle Incorporated (NYSE:JLL) to report earnings on August, 1. They expect $2.29 EPS, up 25.82 % or $0.47 from last year’s $1.82 per share. JLL’s profit will be $104.18M for 18.53 P/E if the $2.29 EPS becomes a reality. After $0.97 actual EPS reported by Jones Lang LaSalle Incorporated for the previous quarter, Wall Street now forecasts 136.08 % EPS growth.

Jones Lang LaSalle Incorporated (NYSE:JLL) Ratings Coverage

Among 8 analysts covering Jones Lang Lasalle Inc (NYSE:JLL), 4 have Buy rating, 0 Sell and 4 Hold. Therefore 50% are positive. Jones Lang Lasalle Inc had 11 analyst reports since December 21, 2017 according to SRatingsIntel. The rating was maintained by Wedbush on Monday, February 12 with “Hold”. The rating was maintained by Keefe Bruyette & Woods on Thursday, December 21 with “Hold”. The stock of Jones Lang LaSalle Incorporated (NYSE:JLL) earned “Buy” rating by William Blair on Friday, February 2. The firm earned “Market Perform” rating on Wednesday, January 24 by JMP Securities. JP Morgan maintained the stock with “Overweight” rating in Tuesday, March 27 report. The firm has “Hold” rating by Keefe Bruyette & Woods given on Wednesday, February 7. The company was initiated on Tuesday, February 6 by Raymond James. The firm has “Overweight” rating given on Tuesday, March 6 by Barclays Capital. The stock has “Buy” rating by Barclays Capital on Wednesday, May 16. The rating was maintained by Barclays Capital with “Overweight” on Tuesday, January 30.

More notable recent Jones Lang LaSalle Incorporated (NYSE:JLL) news were published by: Bizjournals.com which released: “Real Estate Notebook: Underground Atlanta developer brings Jones Lang LaSalle on board” on May 18, 2018, also Prnewswire.com with their article: “JLL one of America’s Best Employers according to Forbes” published on May 01, 2018, Seekingalpha.com published: “Jones Lang LaSalle (JLL) Q1 2018 Results – Earnings Call Transcript” on May 08, 2018. More interesting news about Jones Lang LaSalle Incorporated (NYSE:JLL) were released by: Bizjournals.com and their article: “JLL broadens Hawaii services with industrial vice president hire” published on May 01, 2018 as well as Prnewswire.com‘s news article titled: “JLL Strengthens Financial Profile with Renewed Credit Facility” with publication date: May 17, 2018.

Jones Lang LaSalle Incorporated, a financial and professional services company, provides commercial real estate and investment management services worldwide. The company has market cap of $7.72 billion. It offers a range of real estate services, including agency leasing, project and development management/construction, capital markets, property management, corporate finance, real estate investment banking/merchant banking, energy and sustainability services, research, facility management outsourcing, strategic consulting, technology solutions, advisory services, investment management, tenant representation, lease administration, transaction management, logistics and supply-chain management, valuations, mortgage origination and servicing, and value recovery and receivership services. It currently has negative earnings. The firm also provides investment management services to institutional and retail investors, including high-net-worth individuals.

Jones Lang LaSalle Incorporated (NYSE:JLL) Institutional Positions Chart

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