Hsbc Holdings PLC Makes New Investment in Jones Lang LaSalle Incorporated $JLL

Hsbc Holdings PLC bought a new stake in Jones Lang LaSalle Incorporated (NYSE:JLL) in the second quarter, HoldingsChannel.com reports. The institutional investor bought 5,138 shares of the financial services provider’s stock, valued at approximately $1,592,000.

Several other institutional investors have also modified their holdings of the company. Sunbelt Securities Inc. acquired a new stake in shares of Jones Lang LaSalle in the 3rd quarter worth approximately $25,000. Mitsubishi UFJ Asset Management Co. Ltd. acquired a new position in Jones Lang LaSalle during the second quarter worth $26,000. International Assets Investment Management LLC acquired a new position in Jones Lang LaSalle during the fourth quarter worth $29,000. Johnson Financial Group Inc. purchased a new stake in Jones Lang LaSalle during the second quarter worth $34,000. Finally, Hilton Head Capital Partners LLC purchased a new position in shares of Jones Lang LaSalle in the fourth quarter valued at $35,000. Hedge funds and other institutional investors own 94.80% of the company’s stock.

Analysts Set New Price Targets

JLL has been the subject of several research reports. Raymond James Financial reaffirmed a “strong-buy” rating and set a $500.00 price target on shares of Jones Lang LaSalle in a research note on Thursday, July 30th. Barclays lifted their target price on shares of Jones Lang LaSalle from $368.00 to $401.00 and gave the stock an “equal weight” rating in a research report on Monday, August 17th. Keefe, Bruyette & Woods upped their price target on shares of Jones Lang LaSalle from $375.00 to $415.00 and gave the company an “outperform” rating in a 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. Finally, Weiss Ratings upgraded Jones Lang LaSalle from a “buy (b-)” rating to a “buy (b)” rating in a research report on Tuesday, August 18th. One research analyst has rated the stock with a Strong Buy rating, four have given a Buy rating and two have issued a Hold rating to the company’s stock. According to MarketBeat.com, Jones Lang LaSalle presently has an average rating of “Moderate Buy” and a consensus price target of $433.60.

Insider Activity at Jones Lang LaSalle

In related news, CEO Christian Ulbrich sold 2,000 shares of the company’s stock in a transaction that occurred on Thursday, August 20th. The shares were sold at an average price of $385.53, for a total transaction of $771,060.00. Following the completion of the transaction, 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 document filed with the SEC, which is accessible through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director Larry Quinlan sold 403 shares of Jones Lang LaSalle stock in a transaction on Friday, June 5th. The shares were sold at an average price of $295.14, for a total transaction of $118,941.42. Following the completion of the transaction, the director owned 4,771 shares in the company, valued at approximately $1,408,112.94. This trade represents a 7.79% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders have sold 6,805 shares of company stock valued at $2,511,297 in the last ninety days. 0.91% of the stock is currently owned by company insiders.

Jones Lang LaSalle Stock Up 0.2%

Shares of NYSE:JLL opened at $378.94 on Monday. The company has a current ratio of 2.40, a quick ratio of 2.40 and a debt-to-equity ratio of 0.15. The firm has a market cap of $17.44 billion, a price-to-earnings ratio of 18.16 and a beta of 1.24. The stock’s 50-day moving average price is $344.31 and its two-hundred day moving average price is $320.60. Jones Lang LaSalle Incorporated has a 12-month low of $259.83 and a 12-month high of $393.84.

Jones Lang LaSalle (NYSE:JLL) last announced its quarterly earnings data on Thursday, July 30th. The financial services provider reported $5.26 earnings per share for the quarter, topping the consensus estimate of $4.56 by $0.70. Jones Lang LaSalle had a net margin of 3.64% and a return on equity of 13.99%. The business had revenue of $6.93 billion for the quarter, compared to analyst estimates of $6.88 billion. During the same period in the prior year, the firm posted $3.30 EPS. The company’s revenue was up 10.8% on a year-over-year basis. On average, research analysts forecast that Jones Lang LaSalle Incorporated will post 24.59 EPS for the current year.

Jones Lang LaSalle Company Profile

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.