Nordea Investment Management AB Sells 12,735 Shares of Jones Lang LaSalle Incorporated $JLL

Nordea Investment Management AB trimmed its holdings in shares of Jones Lang LaSalle Incorporated (NYSE:JLL) by 6.8% in the fourth quarter, according to its most recent filing with the SEC. The firm owned 175,799 shares of the financial services provider’s stock after selling 12,735 shares during the period. Nordea Investment Management AB’s holdings in Jones Lang LaSalle were worth $59,063,000 as of its most recent filing with the SEC.

Other institutional investors have also made changes to their positions in the company. CWA Asset Management Group LLC increased its stake in Jones Lang LaSalle by 5.5% in the fourth quarter. CWA Asset Management Group LLC now owns 11,958 shares of the financial services provider’s stock valued at $4,024,000 after acquiring an additional 622 shares during the period. Park Avenue Securities LLC bought a new position in Jones Lang LaSalle during the fourth quarter worth about $501,000. GAMMA Investing LLC boosted its holdings in Jones Lang LaSalle by 21.6% during the fourth quarter. GAMMA Investing LLC now owns 1,441 shares of the financial services provider’s stock valued at $485,000 after purchasing an additional 256 shares in the last quarter. Tudor Investment Corp ET AL grew its stake in shares of Jones Lang LaSalle by 378.0% in the 3rd quarter. Tudor Investment Corp ET AL now owns 7,743 shares of the financial services provider’s stock valued at $2,310,000 after purchasing an additional 6,123 shares during the period. Finally, Mirabella Financial Services LLP raised its holdings in shares of Jones Lang LaSalle by 168.3% in the 3rd quarter. Mirabella Financial Services LLP now owns 7,211 shares of the financial services provider’s stock worth $2,147,000 after buying an additional 4,523 shares in the last quarter. 94.80% of the stock is currently owned by institutional investors and hedge funds.

Insider Transactions at Jones Lang LaSalle

In other Jones Lang LaSalle news, Director Deborah H. Mcaneny sold 2,500 shares of the stock in a transaction dated Tuesday, March 10th. The shares were sold at an average price of $300.50, for a total transaction of $751,250.00. Following the sale, the director owned 14,985 shares of the company’s stock, valued at $4,502,992.50. This represents a 14.30% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 0.91% of the stock is currently owned by company insiders.

Analysts Set New Price Targets

Several research firms recently commented on JLL. The Goldman Sachs Group raised their target price on Jones Lang LaSalle from $361.00 to $407.00 and gave the stock a “buy” rating in a research report on Wednesday, November 26th. Weiss Ratings upgraded Jones Lang LaSalle from a “hold (c+)” rating to a “buy (b-)” rating in a research note on Friday, February 20th. Keefe, Bruyette & Woods cut their price objective on Jones Lang LaSalle from $405.00 to $380.00 and set an “outperform” rating for the company in a report on Tuesday, February 24th. Barclays lowered their target price on shares of Jones Lang LaSalle from $360.00 to $355.00 and set an “equal weight” rating on the stock in a report on Friday, March 13th. Finally, Wall Street Zen upgraded shares of Jones Lang LaSalle from a “buy” rating to a “strong-buy” rating in a research report on Sunday, January 11th. One investment 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 stock. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus target price of $363.17.

Jones Lang LaSalle Trading Up 2.0%

JLL stock opened at $299.54 on Tuesday. The business has a fifty day moving average price of $322.19 and a 200 day moving average price of $318.19. The company has a debt-to-equity ratio of 0.10, a current ratio of 2.23 and a quick ratio of 2.23. Jones Lang LaSalle Incorporated has a fifty-two week low of $194.36 and a fifty-two week high of $363.06. The stock has a market capitalization of $14.03 billion, a price-to-earnings ratio of 18.25 and a beta of 1.42.

Jones Lang LaSalle (NYSE:JLL) last posted its quarterly earnings data on Wednesday, February 18th. The financial services provider reported $8.71 EPS for the quarter, topping analysts’ consensus estimates of $7.25 by $1.46. Jones Lang LaSalle had a return on equity of 12.50% and a net margin of 3.03%.The company had revenue of $7.61 billion for the quarter, compared to analyst estimates of $7.45 billion. During the same quarter in the previous year, the firm earned $6.15 earnings per share. The business’s revenue was up 11.7% on a year-over-year basis. Analysts expect that Jones Lang LaSalle Incorporated will post 16.45 EPS for the current fiscal year.

Jones Lang LaSalle 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.