Jones Lang LaSalle Incorporated $JLL Shares Bought by Swedbank AB

Swedbank AB grew its holdings in shares of Jones Lang LaSalle Incorporated (NYSE:JLL) by 9.8% during the 1st quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 436,433 shares of the financial services provider’s stock after purchasing an additional 39,133 shares during the quarter. Swedbank AB owned approximately 0.92% of Jones Lang LaSalle worth $108,196,000 at the end of the most recent quarter.

Several other institutional investors have also modified their holdings of the stock. EdgePoint Investment Group Inc. raised its holdings in shares of Jones Lang LaSalle by 11.9% during the 1st quarter. EdgePoint Investment Group Inc. now owns 1,835,344 shares of the financial services provider’s stock worth $455,000,000 after acquiring an additional 195,818 shares during the period. Select Equity Group L.P. raised its holdings in shares of Jones Lang LaSalle by 50.7% during the 1st quarter. Select Equity Group L.P. now owns 1,062,069 shares of the financial services provider’s stock worth $263,298,000 after acquiring an additional 357,469 shares during the period. Invesco Ltd. raised its holdings in shares of Jones Lang LaSalle by 1.8% during the 1st quarter. Invesco Ltd. now owns 961,959 shares of the financial services provider’s stock worth $238,479,000 after acquiring an additional 17,336 shares during the period. Northern Trust Corp raised its holdings in shares of Jones Lang LaSalle by 21.6% during the 1st quarter. Northern Trust Corp now owns 548,227 shares of the financial services provider’s stock worth $135,911,000 after acquiring an additional 97,492 shares during the period. Finally, Vulcan Value Partners LLC raised its holdings in shares of Jones Lang LaSalle by 22.9% during the 1st quarter. Vulcan Value Partners LLC now owns 536,063 shares of the financial services provider’s stock worth $132,828,000 after acquiring an additional 99,837 shares during the period. Hedge funds and other institutional investors own 94.80% of the company’s stock.

Insiders Place Their Bets

In other Jones Lang LaSalle news, CEO Andrew W. Poppink sold 275 shares of Jones Lang LaSalle stock in a transaction dated Friday, June 20th. The stock was sold at an average price of $237.97, for a total value of $65,441.75. Following the completion of the transaction, the chief executive officer directly owned 10,297 shares of the company’s stock, valued at $2,450,377.09. The trade was a 2.60% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. 0.91% of the stock is currently owned by corporate insiders.

Wall Street Analyst Weigh In

Several research analysts have recently commented on the company. UBS Group lifted their price target on Jones Lang LaSalle from $305.00 to $340.00 and gave the stock a “buy” rating in a report on Wednesday, July 2nd. Wall Street Zen upgraded shares of Jones Lang LaSalle from a “hold” rating to a “buy” rating in a report on Sunday, August 31st. Citizens Jmp started coverage on shares of Jones Lang LaSalle in a report on Monday, July 21st. They issued a “market perform” rating on the stock. Citigroup reduced their price objective on shares of Jones Lang LaSalle from $275.00 to $240.00 and set a “neutral” rating on the stock in a report on Wednesday, May 28th. Finally, Keefe, Bruyette & Woods boosted their price objective on shares of Jones Lang LaSalle from $280.00 to $297.00 and gave the company an “outperform” rating in a report on Thursday, July 24th. One equities research analyst has rated the stock with a Strong Buy rating, five have given a Buy rating and three have assigned a Hold rating to the company’s stock. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $328.57.

Jones Lang LaSalle Stock Performance

NYSE JLL opened at $312.42 on Friday. The company has a market cap of $14.80 billion, a P/E ratio of 26.86 and a beta of 1.41. The company has a debt-to-equity ratio of 0.16, a current ratio of 2.35 and a quick ratio of 2.35. The stock has a 50-day moving average of $282.09 and a two-hundred day moving average of $252.24. Jones Lang LaSalle Incorporated has a 1-year low of $194.36 and a 1-year high of $316.79.

Jones Lang LaSalle (NYSE:JLL) last released its earnings results on Wednesday, August 6th. The financial services provider reported $3.30 earnings per share for the quarter, beating the consensus estimate of $3.20 by $0.10. The company had revenue of $6.25 billion during the quarter, compared to the consensus estimate of $6.17 billion. Jones Lang LaSalle had a return on equity of 10.63% and a net margin of 2.28%.Jones Lang LaSalle’s revenue was up 11.0% compared to the same quarter last year. During the same period in the previous year, the company posted $2.55 EPS. As a group, analysts anticipate that Jones Lang LaSalle Incorporated will post 16.45 EPS for the current 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.