Natixis Invests $364,000 in Jones Lang LaSalle Inc (JLL) Stock
Natixis bought a new stake in shares of Jones Lang LaSalle Inc (NYSE:JLL) in the second quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund bought 2,194 shares of the financial services provider’s stock, valued at approximately $364,000.
A number of other hedge funds and other institutional investors have also bought and sold shares of JLL. American Century Companies Inc. lifted its position in Jones Lang LaSalle by 233.6% during the second quarter. American Century Companies Inc. now owns 280,550 shares of the financial services provider’s stock valued at $46,568,000 after purchasing an additional 196,456 shares during the period. Janus Henderson Group PLC increased its holdings in Jones Lang LaSalle by 28.3% in the second quarter. Janus Henderson Group PLC now owns 880,093 shares of the financial services provider’s stock valued at $146,087,000 after buying an additional 194,296 shares in the last quarter. Wells Fargo & Company MN increased its holdings in Jones Lang LaSalle by 153.8% in the second quarter. Wells Fargo & Company MN now owns 267,364 shares of the financial services provider’s stock valued at $44,380,000 after buying an additional 162,016 shares in the last quarter. BlackRock Inc. increased its holdings in Jones Lang LaSalle by 3.0% in the second quarter. BlackRock Inc. now owns 4,929,817 shares of the financial services provider’s stock valued at $818,299,000 after buying an additional 143,843 shares in the last quarter. Finally, First Quadrant L P CA increased its holdings in Jones Lang LaSalle by 147,894.7% in the second quarter. First Quadrant L P CA now owns 112,476 shares of the financial services provider’s stock valued at $18,670,000 after buying an additional 112,400 shares in the last quarter. Institutional investors own 93.54% of the company’s stock.
JLL has been the subject of a number of recent analyst reports. ValuEngine cut shares of Jones Lang LaSalle from a “strong-buy” rating to a “buy” rating in a report on Tuesday, May 29th. Zacks Investment Research raised shares of Jones Lang LaSalle from a “sell” rating to a “hold” rating in a report on Monday, August 20th. Six equities research analysts have rated the stock with a hold rating and four have issued a buy rating to the company. The stock has a consensus rating of “Hold” and an average price target of $179.17.
Jones Lang LaSalle (NYSE:JLL) last released its quarterly earnings data on Wednesday, August 8th. The financial services provider reported $2.26 earnings per share for the quarter, beating analysts’ consensus estimates of $2.21 by $0.05. Jones Lang LaSalle had a net margin of 2.62% and a return on equity of 13.84%. The company had revenue of $3.90 billion during the quarter, compared to analysts’ expectations of $2.02 billion. During the same quarter in the previous year, the company earned $2.17 earnings per share. The firm’s revenue for the quarter was up 12.5% on a year-over-year basis. equities analysts anticipate that Jones Lang LaSalle Inc will post 10.26 EPS for the current year.
In other news, CEO Guy Grainger sold 200 shares of the business’s stock in a transaction dated Monday, August 27th. The shares were sold at an average price of $154.94, for a total transaction of $30,988.00. Following the completion of the sale, the chief executive officer now owns 1,341 shares of the company’s stock, valued at $207,774.54. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 0.63% of the stock is owned by insiders.
Jones Lang LaSalle Company Profile
Jones Lang LaSalle Incorporated, a professional services company, provides commercial real estate and investment management services worldwide. 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, research, facility management outsourcing, strategic consulting, technology solutions, advisory, investment management, tenant representation, lease administration, transaction management, logistics and supply-chain management, valuations, and mortgage origination and servicing.
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