Swedbank AB Reduces Stake in Jones Lang LaSalle Incorporated $JLL

Swedbank AB lessened its holdings in shares of Jones Lang LaSalle Incorporated (NYSE:JLL) by 44.4% during the 1st quarter, Holdings Channel.com reports. The fund owned 552,173 shares of the financial services provider’s stock after selling 441,569 shares during the period. Swedbank AB’s holdings in Jones Lang LaSalle were worth $168,037,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in JLL. Sunbelt Securities Inc. acquired a new stake in Jones Lang LaSalle during the third quarter worth approximately $25,000. International Assets Investment Management LLC purchased a new position in shares of Jones Lang LaSalle in the 4th quarter valued at $29,000. Activest Wealth Management lifted its position in Jones Lang LaSalle by 1,720.0% in the fourth quarter. Activest Wealth Management now owns 91 shares of the financial services provider’s stock valued at $31,000 after acquiring an additional 86 shares during the last quarter. Hilton Head Capital Partners LLC purchased a new position in shares of Jones Lang LaSalle during the fourth quarter worth about $35,000. Finally, True Wealth Design LLC increased its position in shares of Jones Lang LaSalle by 13,200.0% during the fourth quarter. True Wealth Design LLC now owns 133 shares of the financial services provider’s stock worth $45,000 after purchasing an additional 132 shares in the last quarter. 94.80% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

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

Insider Buying and Selling

In other Jones Lang LaSalle news, Director Larry Quinlan sold 402 shares of the company’s stock in a transaction on Friday, June 12th. The stock was sold at an average price of $301.73, for a total value of $121,295.46. Following the sale, the director owned 4,369 shares of the company’s stock, valued at approximately $1,318,258.37. This represents a 8.43% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders own 0.91% of the company’s stock.

Jones Lang LaSalle Price Performance

Jones Lang LaSalle stock traded up $7.31 during midday trading on Tuesday, reaching $337.17. The company’s stock had a trading volume of 58,229 shares, compared to its average volume of 467,913. The stock’s 50 day simple moving average is $305.93 and its 200 day simple moving average is $318.67. The company has a debt-to-equity ratio of 0.15, a quick ratio of 2.35 and a current ratio of 2.35. The firm has a market capitalization of $15.64 billion, a PE ratio of 18.13 and a beta of 1.27. Jones Lang LaSalle Incorporated has a fifty-two week low of $246.07 and a fifty-two week high of $363.06.

Jones Lang LaSalle (NYSE:JLL) last issued its earnings results on Thursday, April 30th. The financial services provider reported $3.43 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $3.01 by $0.42. The company had revenue of $6.39 billion during the quarter, compared to analysts’ expectations of $6 billion. Jones Lang LaSalle had a net margin of 3.35% and a return on equity of 13.01%. The firm’s quarterly revenue was up 11.1% compared to the same quarter last year. During the same period last year, the company posted $2.31 earnings per share. On average, equities research analysts forecast that Jones Lang LaSalle Incorporated will post 22.84 earnings per share 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.