Jones Lang LaSalle Incorporated $JLL Shares Acquired by Swedbank AB

Swedbank AB lifted its stake in shares of Jones Lang LaSalle Incorporated (NYSE:JLL) by 9.8% in the first quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 436,433 shares of the financial services provider’s stock after buying an additional 39,133 shares during the quarter. Swedbank AB’s holdings in Jones Lang LaSalle were worth $108,196,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also made changes to their positions in the stock. Tidal Investments LLC grew its position in shares of Jones Lang LaSalle by 4.7% during the fourth quarter. Tidal Investments LLC now owns 846 shares of the financial services provider’s stock worth $214,000 after buying an additional 38 shares in the last quarter. Captrust Financial Advisors boosted its holdings in Jones Lang LaSalle by 2.1% in the fourth quarter. Captrust Financial Advisors now owns 3,157 shares of the financial services provider’s stock valued at $799,000 after purchasing an additional 64 shares in the last quarter. Mackenzie Financial Corp boosted its holdings in Jones Lang LaSalle by 4.2% in the first quarter. Mackenzie Financial Corp now owns 1,610 shares of the financial services provider’s stock valued at $399,000 after purchasing an additional 65 shares in the last quarter. Covestor Ltd boosted its holdings in Jones Lang LaSalle by 30.4% in the first quarter. Covestor Ltd now owns 335 shares of the financial services provider’s stock valued at $83,000 after purchasing an additional 78 shares in the last quarter. Finally, Wealth Enhancement Advisory Services LLC lifted its stake in Jones Lang LaSalle by 7.2% in the fourth quarter. Wealth Enhancement Advisory Services LLC now owns 1,292 shares of the financial services provider’s stock valued at $327,000 after buying an additional 87 shares during the last quarter. 94.80% of the stock is owned by institutional investors and hedge funds.

Insiders Place Their Bets

In related news, CEO Andrew W. Poppink sold 275 shares of the company’s stock in a transaction on Friday, June 20th. The stock was sold at an average price of $237.97, for a total transaction of $65,441.75. Following the transaction, the chief executive officer owned 10,297 shares of the company’s stock, valued at $2,450,377.09. This represents a 2.60% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this link. 0.91% of the stock is owned by corporate insiders.

Analyst Upgrades and Downgrades

A number of equities research analysts have weighed in on the company. Wall Street Zen upgraded Jones Lang LaSalle from a “hold” rating to a “buy” rating in a research note on Sunday, August 31st. Citigroup reduced their price objective on Jones Lang LaSalle from $275.00 to $240.00 and set a “neutral” rating for the company in a research note on Wednesday, May 28th. Citizens Jmp assumed coverage on Jones Lang LaSalle in a research note on Monday, July 21st. They issued a “market perform” rating for the company. The Goldman Sachs Group boosted their price objective on Jones Lang LaSalle from $338.00 to $378.00 and gave the company a “buy” rating in a research note on Wednesday, August 13th. Finally, JPMorgan Chase & Co. boosted their price objective on Jones Lang LaSalle from $285.00 to $372.00 and gave the company an “overweight” rating in a research note on Tuesday, August 26th. One investment analyst has rated the stock with a Strong Buy rating, five have assigned a Buy rating and three have issued a Hold rating to the company. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average target price of $328.57.

Jones Lang LaSalle Price Performance

Jones Lang LaSalle stock opened at $312.42 on Friday. Jones Lang LaSalle Incorporated has a 12 month low of $194.36 and a 12 month high of $316.79. 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 business has a 50 day simple moving average of $282.09 and a 200-day simple moving average of $252.24. The stock has a market capitalization of $14.80 billion, a PE ratio of 26.86 and a beta of 1.41.

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

Jones Lang LaSalle 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.