Nykredit A S Makes New Investment in Jones Lang LaSalle Incorporated $JLL

Nykredit A S bought a new position in shares of Jones Lang LaSalle Incorporated (NYSE:JLL) during the 2nd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor bought 1,682 shares of the financial services provider’s stock, valued at approximately $521,000.

A number of other institutional investors have also made changes to their positions in the business. Sunbelt Securities Inc. acquired a new stake in Jones Lang LaSalle in the 3rd quarter valued at about $25,000. Mitsubishi UFJ Asset Management Co. Ltd. acquired a new position in shares of Jones Lang LaSalle during the second quarter worth approximately $26,000. International Assets Investment Management LLC bought a new stake in shares of Jones Lang LaSalle during the fourth quarter valued at approximately $29,000. Johnson Financial Group Inc. acquired a new stake in shares of Jones Lang LaSalle in the second quarter valued at approximately $34,000. Finally, Hilton Head Capital Partners LLC bought a new position in Jones Lang LaSalle in the 4th quarter worth approximately $35,000. 94.80% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of research analysts have commented on the company. Raymond James Financial reiterated a “strong-buy” rating and issued a $500.00 price objective on shares of Jones Lang LaSalle in a research report on Thursday, July 30th. Weiss Ratings upgraded shares of Jones Lang LaSalle from a “buy (b-)” rating to a “buy (b)” rating in a research report on Tuesday, August 18th. Zacks Research downgraded Jones Lang LaSalle from a “strong-buy” rating to a “hold” rating in a research note on Thursday, July 23rd. Keefe, Bruyette & Woods lifted their price objective on 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, Barclays increased their price target on shares of 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. One analyst has rated the stock with a Strong Buy rating, four have issued a Buy rating and two have assigned a Hold rating to the company. According to MarketBeat.com, Jones Lang LaSalle has a consensus rating of “Moderate Buy” and a consensus target price of $433.60.

Jones Lang LaSalle Stock Performance

JLL opened at $352.07 on Wednesday. The company has a market capitalization of $16.20 billion, a price-to-earnings ratio of 16.87 and a beta of 1.24. The business’s 50-day moving average price is $351.79 and its two-hundred day moving average price is $323.44. Jones Lang LaSalle Incorporated has a 1 year low of $259.83 and a 1 year high of $393.84. The company has a debt-to-equity ratio of 0.15, a current ratio of 2.40 and a quick ratio of 2.40.

Jones Lang LaSalle (NYSE:JLL) last posted its quarterly earnings data on Thursday, July 30th. The financial services provider reported $5.26 earnings per share (EPS) 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 during the quarter, compared to the consensus estimate of $6.88 billion. During the same period last year, the company earned $3.30 earnings per share. Jones Lang LaSalle’s quarterly revenue was up 10.8% on a year-over-year basis. Equities analysts expect that Jones Lang LaSalle Incorporated will post 25.05 EPS for the current fiscal year.

Insider Activity at Jones Lang LaSalle

In other Jones Lang LaSalle news, Director Larry Quinlan sold 402 shares of the company’s stock in a transaction that occurred 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 in the company, valued at $1,318,258.37. This represents a 8.43% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CEO Christian Ulbrich sold 2,000 shares of the firm’s stock in a transaction that occurred on Thursday, August 20th. The shares were sold at an average price of $385.53, for a total value of $771,060.00. Following the completion of the sale, the chief executive officer directly owned 138,418 shares of the company’s stock, valued at approximately $53,364,291.54. The trade was a 1.42% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders have sold a total of 6,402 shares of company stock worth $2,392,355 in the last ninety days. Insiders own 0.91% of the company’s stock.

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.