Danske Bank A S Acquires New Holdings in Jones Lang LaSalle Incorporated $JLL

Danske Bank A S bought a new position in shares of Jones Lang LaSalle Incorporated (NYSE:JLL) during the 2nd quarter, Holdings Channel reports. The institutional investor bought 35,791 shares of the financial services provider’s stock, valued at approximately $11,093,000.

Other institutional investors and hedge funds also recently made changes to their positions in the company. BlackRock Inc. bought a new stake in shares of Jones Lang LaSalle during the second quarter worth $1,446,414,000. Price T Rowe Associates Inc. MD boosted its stake in Jones Lang LaSalle by 17.8% in the 4th quarter. Price T Rowe Associates Inc. MD now owns 1,180,514 shares of the financial services provider’s stock worth $397,209,000 after purchasing an additional 178,677 shares during the period. Swedbank AB increased its holdings in Jones Lang LaSalle by 0.5% during the 4th quarter. Swedbank AB now owns 993,742 shares of the financial services provider’s stock worth $334,364,000 after purchasing an additional 4,543 shares in the last quarter. Geode Capital Management LLC increased its holdings in Jones Lang LaSalle by 1.6% during the 4th quarter. Geode Capital Management LLC now owns 990,836 shares of the financial services provider’s stock worth $333,451,000 after purchasing an additional 15,995 shares in the last quarter. Finally, AQR Capital Management LLC raised its stake in shares of Jones Lang LaSalle by 426.7% in the 4th quarter. AQR Capital Management LLC now owns 899,625 shares of the financial services provider’s stock valued at $302,697,000 after purchasing an additional 728,824 shares during the period. Institutional investors and hedge funds own 94.80% of the company’s stock.

Insiders Place Their Bets

In other news, CEO Christian Ulbrich sold 2,000 shares of the firm’s stock in a transaction dated Thursday, August 20th. The shares were sold at an average price of $385.53, for a total transaction of $771,060.00. Following the completion of the sale, the chief executive officer owned 138,418 shares in the company, valued at approximately $53,364,291.54. This trade represents a 1.42% decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director Larry Quinlan sold 403 shares of the company’s stock in a transaction dated Friday, June 5th. The shares were sold at an average price of $295.14, for a total transaction of $118,941.42. Following the completion of the transaction, the director owned 4,771 shares in the company, valued at approximately $1,408,112.94. This trade represents a 7.79% decrease in their position. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Over the last ninety days, insiders have sold 6,805 shares of company stock valued at $2,511,297. Company insiders own 0.91% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research analysts have recently weighed in on JLL shares. Raymond James Financial reaffirmed a “strong-buy” rating and set a $500.00 price objective on shares of Jones Lang LaSalle in a research report on Thursday, July 30th. Barclays lifted their target price on Jones Lang LaSalle from $368.00 to $401.00 and gave the company an “equal weight” rating in a research report on Monday, August 17th. Weiss Ratings raised Jones Lang LaSalle from a “buy (b-)” rating to a “buy (b)” rating in a research report on Tuesday. Keefe, Bruyette & Woods raised their price target on shares of Jones Lang LaSalle from $375.00 to $415.00 and gave the stock an “outperform” rating in a research note on Monday, August 3rd. Finally, Zacks Research downgraded shares of Jones Lang LaSalle from a “strong-buy” rating to a “hold” rating in a report on Thursday, July 23rd. One investment analyst has rated the stock with a Strong Buy rating, five have issued a Buy rating and two have given a Hold rating to the company. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus price target of $423.33.

Jones Lang LaSalle Stock Performance

JLL opened at $387.68 on Friday. The company has a quick ratio of 2.40, a current ratio of 2.40 and a debt-to-equity ratio of 0.15. Jones Lang LaSalle Incorporated has a 12-month low of $259.83 and a 12-month high of $393.84. The business has a 50 day moving average of $335.69 and a 200-day moving average of $319.18. The stock has a market cap of $17.84 billion, a price-to-earnings ratio of 18.58 and a beta of 1.25.

Jones Lang LaSalle (NYSE:JLL) last posted its earnings results on Thursday, July 30th. The financial services provider reported $5.26 earnings per share for the quarter, topping analysts’ consensus estimates of $4.56 by $0.70. Jones Lang LaSalle had a return on equity of 13.99% and a net margin of 3.64%.The business had revenue of $6.93 billion for the quarter, compared to analyst estimates of $6.88 billion. During the same period in the previous year, the firm earned $3.30 EPS. The firm’s revenue was up 10.8% compared to the same quarter last year. On average, equities research analysts expect that Jones Lang LaSalle Incorporated will post 24.18 earnings per share for the current year.

About Jones Lang LaSalle

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.