Danske Bank A S Acquires Shares of 35,791 Jones Lang LaSalle Incorporated $JLL

Key Points

• Danske Bank A/S acquired 35,791 shares of Jones Lang LaSalle in the second quarter, valued at approximately $11.1 million and representing about 0.08% of the company. Institutional investors collectively own 94.8% of JLL.
• Jones Lang LaSalle reported quarterly EPS of $5.26, beating estimates by $0.70, while revenue rose 10.8% year over year to $6.93 billion. The stock traded near its 12-month high at $387.68.
• Analyst sentiment remains favorable, with a consensus “Moderate Buy” rating and an average price target of $423.33; however, company insiders sold 6,805 shares worth approximately $2.5 million over the past three months.

Danske Bank A S bought a new position in Jones Lang LaSalle Incorporated (NYSE:JLL - Free Report) during the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor bought 35,791 shares of the financial services provider's stock, valued at approximately $11,093,000. Danske Bank A S owned about 0.08% of Jones Lang LaSalle as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors have also recently added to or reduced their stakes in the company. Assetmark Inc. raised its stake in shares of Jones Lang LaSalle by 15.8% in the fourth quarter. Assetmark Inc. now owns 220 shares of the financial services provider's stock valued at $74,000 after acquiring an additional 30 shares during the last quarter. Hilton Head Capital Partners LLC grew its position in Jones Lang LaSalle by 40.4% during the 1st quarter. Hilton Head Capital Partners LLC now owns 146 shares of the financial services provider's stock worth $44,000 after acquiring an additional 42 shares during the last quarter. UMB Bank n.a. grew its position in Jones Lang LaSalle by 10.6% during the 4th quarter. UMB Bank n.a. now owns 490 shares of the financial services provider's stock worth $165,000 after acquiring an additional 47 shares during the last quarter. Ballentine Partners LLC increased its holdings in Jones Lang LaSalle by 5.3% during the 4th quarter. Ballentine Partners LLC now owns 951 shares of the financial services provider's stock valued at $320,000 after purchasing an additional 48 shares in the last quarter. Finally, Root Financial Partners LLC raised its position in Jones Lang LaSalle by 27.4% in the 1st quarter. Root Financial Partners LLC now owns 223 shares of the financial services provider's stock valued at $68,000 after purchasing an additional 48 shares during the last quarter. 94.80% of the stock is owned by institutional investors.

Insider Activity at Jones Lang LaSalle

In other Jones Lang LaSalle news, Director Larry Quinlan sold 403 shares of the stock in a transaction on Friday, June 5th. The shares were sold at an average price of $295.14, for a total value of $118,941.42. Following the sale, the director directly owned 4,771 shares in the company, valued at approximately $1,408,112.94. This trade represents a 7.79% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CEO Christian Ulbrich sold 2,000 shares of Jones Lang LaSalle stock in a transaction on Thursday, August 20th. The stock was sold at an average price of $385.53, for a total transaction of $771,060.00. Following the transaction, the chief executive officer directly owned 138,418 shares in the company, valued at approximately $53,364,291.54. This represents a 1.42% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders have sold a total of 6,805 shares of company stock worth $2,511,297 in the last three months. 0.91% of the stock is owned by insiders.

Jones Lang LaSalle Trading Up 0.9%

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

Jones Lang LaSalle (NYSE:JLL - Get Free Report) last issued its earnings results 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. The firm had revenue of $6.93 billion for the quarter, compared to analysts' expectations of $6.88 billion. Jones Lang LaSalle had a return on equity of 13.99% and a net margin of 3.64%.The company's revenue was up 10.8% compared to the same quarter last year. During the same quarter last year, the business earned $3.30 earnings per share. Research analysts forecast that Jones Lang LaSalle Incorporated will post 24.18 EPS for the current year.

Analyst Ratings Changes

JLL has been the topic of a number of research analyst reports. Weiss Ratings raised shares of Jones Lang LaSalle from a "buy (b-)" rating to a "buy (b)" rating in a report on Tuesday. Raymond James Financial reissued a "strong-buy" rating and set a $500.00 price target on shares of Jones Lang LaSalle in a research note on Thursday, July 30th. Barclays raised 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 report on Monday, August 17th. Keefe, Bruyette & Woods upped their price objective on Jones Lang LaSalle from $375.00 to $415.00 and gave the stock an "outperform" rating in a report on Monday, August 3rd. Finally, Zacks Research cut Jones Lang LaSalle from a "strong-buy" rating to a "hold" rating in a research note on Thursday, July 23rd. One analyst has rated the stock with a Strong Buy rating, five have given a Buy rating and two have issued a Hold rating to the stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and an average target price of $423.33.

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.

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