Fifth Third Bancorp Purchases 15,022 Shares of Jones Lang LaSalle Incorporated $JLL

Fifth Third Bancorp raised its holdings in Jones Lang LaSalle Incorporated (NYSE:JLL) by 667.6% during the 1st quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 17,272 shares of the financial services provider’s stock after acquiring an additional 15,022 shares during the period. Fifth Third Bancorp’s holdings in Jones Lang LaSalle were worth $5,256,000 at the end of the most recent reporting period.

A number of other hedge funds also recently made changes to their positions in the stock. Moran Wealth Management LLC purchased a new position in shares of Jones Lang LaSalle during the 1st quarter valued at about $4,405,000. Perigon Wealth Management LLC bought a new stake in Jones Lang LaSalle in the fourth quarter valued at approximately $3,901,000. Geode Capital Management LLC grew its holdings in shares of Jones Lang LaSalle by 1.6% in the fourth quarter. Geode Capital Management LLC now owns 990,836 shares of the financial services provider’s stock worth $333,451,000 after purchasing an additional 15,995 shares during the last quarter. Jackson Creek Investment Advisors LLC purchased a new position in shares of Jones Lang LaSalle in the fourth quarter worth $1,507,000. Finally, Thrivent Financial for Lutherans increased its stake in shares of Jones Lang LaSalle by 78.4% in the fourth quarter. Thrivent Financial for Lutherans now owns 28,895 shares of the financial services provider’s stock worth $9,723,000 after buying an additional 12,699 shares during the period. 94.80% of the stock is owned by institutional investors.

Jones Lang LaSalle Stock Performance

NYSE JLL opened at $330.90 on Friday. The company has a quick ratio of 2.35, a current ratio of 2.35 and a debt-to-equity ratio of 0.15. Jones Lang LaSalle Incorporated has a twelve month low of $251.54 and a twelve month high of $363.06. The business has a 50-day moving average price of $305.05 and a 200-day moving average price of $317.90. The firm has a market cap of $15.35 billion, a price-to-earnings ratio of 17.79 and a beta of 1.27.

Jones Lang LaSalle (NYSE:JLL) last issued its quarterly earnings data on Thursday, April 30th. The financial services provider reported $3.43 earnings per share for the quarter, beating analysts’ consensus estimates of $3.01 by $0.42. Jones Lang LaSalle had a return on equity of 13.01% and a net margin of 3.35%.The firm had revenue of $6.39 billion during the quarter, compared to analyst estimates of $6 billion. During the same quarter last year, the business posted $2.31 earnings per share. The business’s quarterly revenue was up 11.1% compared to the same quarter last year. As a group, equities research analysts predict that Jones Lang LaSalle Incorporated will post 22.83 EPS for the current fiscal year.

Analyst Ratings Changes

JLL has been the topic of several recent analyst reports. Weiss Ratings cut Jones Lang LaSalle from a “buy (b)” rating to a “buy (b-)” rating in a research note on Thursday, May 28th. Zacks Research raised Jones Lang LaSalle from a “hold” rating to a “strong-buy” rating in a research report on Wednesday, June 24th. UBS Group upped their target price on shares of Jones Lang LaSalle from $425.00 to $445.00 and gave the stock a “buy” rating in a research report on Wednesday, April 22nd. Finally, Barclays raised their price objective on Jones Lang LaSalle from $348.00 to $366.00 and gave the company an “equal weight” rating in a research report on Wednesday, May 13th. One investment analyst has rated the stock with a Strong Buy rating, five have given a Buy rating and two have given a Hold rating to the company’s stock. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus target price of $394.00.

Insider Activity

In related news, Director Larry Quinlan sold 402 shares of the stock in a transaction on Friday, June 12th. The stock was sold at an average price of $301.73, for a total transaction of $121,295.46. Following the sale, the director owned 4,369 shares in the company, valued at approximately $1,318,258.37. This represents a 8.43% decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. 0.91% of the stock is owned by insiders.

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.