Danske Bank A S Sells 5,501 Shares of Jones Lang LaSalle Incorporated $JLL

Key Points

• Danske Bank A/S cut its stake in Jones Lang LaSalle by 20.6%, selling 5,501 shares in the fourth quarter and ending the period with 21,152 shares worth about $7.12 million.
• Insiders sold stock: Director Deborah H. Mcaneny sold 2,500 shares at an average $300.50 and CEO Richard Bloxam sold 5,440 shares at an average $296.94, leaving insiders with roughly 0.91% ownership.
• Financials and analyst views: JLL beat the latest quarter (EPS $3.43 vs. $3.01; revenue $6.39B vs. $6.0B), while analysts remain mixed — consensus is a "Moderate Buy" with a $365.33 target, though individual targets range from cuts to UBS's raise to $445.

Danske Bank A S reduced its stake in shares of Jones Lang LaSalle Incorporated (NYSE:JLL - Free Report) by 20.6% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 21,152 shares of the financial services provider's stock after selling 5,501 shares during the period. Danske Bank A S's holdings in Jones Lang LaSalle were worth $7,117,000 at the end of the most recent quarter.

Other institutional investors also recently bought and sold shares of the company. Sunbelt Securities Inc. bought a new position in Jones Lang LaSalle during the third quarter valued at about $25,000. Activest Wealth Management raised its holdings in Jones Lang LaSalle by 1,720.0% during the fourth quarter. Activest Wealth Management now owns 91 shares of the financial services provider's stock valued at $31,000 after buying an additional 86 shares in the last quarter. Chilton Capital Management LLC raised its holdings in Jones Lang LaSalle by 33.0% during the third quarter. Chilton Capital Management LLC now owns 133 shares of the financial services provider's stock valued at $40,000 after buying an additional 33 shares in the last quarter. True Wealth Design LLC raised its holdings in 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 valued at $45,000 after buying an additional 132 shares in the last quarter. Finally, Quent Capital LLC bought a new position in Jones Lang LaSalle during the third quarter valued at about $41,000. 94.80% of the stock is currently owned by institutional investors.

Insider Transactions at Jones Lang LaSalle

In related news, Director Deborah H. Mcaneny sold 2,500 shares of Jones Lang LaSalle stock in a transaction dated Tuesday, March 10th. The stock was sold at an average price of $300.50, for a total transaction of $751,250.00. Following the sale, the director directly owned 14,985 shares of the company's stock, valued at $4,502,992.50. This trade represents a 14.30% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CEO Richard Bloxam sold 5,440 shares of Jones Lang LaSalle stock in a transaction dated Tuesday, March 24th. The stock was sold at an average price of $296.94, for a total value of $1,615,353.60. The SEC filing for this sale provides additional information. 0.91% of the stock is owned by company insiders.

Analysts Set New Price Targets

Several research firms have weighed in on JLL. Barclays cut their target price on Jones Lang LaSalle from $355.00 to $348.00 and set an "equal weight" rating on the stock in a report on Tuesday, April 14th. Keefe, Bruyette & Woods dropped their price objective on Jones Lang LaSalle from $405.00 to $380.00 and set an "outperform" rating on the stock in a research note on Tuesday, February 24th. Weiss Ratings upgraded Jones Lang LaSalle from a "hold (c+)" rating to a "buy (b-)" rating in a research note on Friday, February 20th. Zacks Research lowered Jones Lang LaSalle from a "strong-buy" rating to a "hold" rating in a research note on Friday, April 24th. Finally, UBS Group lifted their price objective on Jones Lang LaSalle from $425.00 to $445.00 and gave the stock a "buy" rating in a research note on Wednesday, April 22nd. Five research analysts have rated the stock with a Buy rating and four have given a Hold rating to the company. Based on data from MarketBeat, Jones Lang LaSalle has a consensus rating of "Moderate Buy" and a consensus target price of $365.33.

Jones Lang LaSalle Trading Down 0.1%

Jones Lang LaSalle stock opened at $314.79 on Tuesday. 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 business's 50-day simple moving average is $314.23 and its 200-day simple moving average is $321.96. The firm has a market capitalization of $14.60 billion, a PE ratio of 16.92 and a beta of 1.34. Jones Lang LaSalle Incorporated has a 52 week low of $211.86 and a 52 week high of $363.06.

Jones Lang LaSalle (NYSE:JLL - Get Free Report) last posted its quarterly earnings data on Thursday, April 30th. The financial services provider reported $3.43 EPS for the quarter, topping analysts' consensus estimates of $3.01 by $0.42. Jones Lang LaSalle had a return on equity of 13.01% and a net margin of 3.35%.The business had revenue of $6.39 billion for the quarter, compared to analyst estimates of $6 billion. During the same period in the previous year, the company posted $2.31 earnings per share. The firm's revenue for the quarter was up 11.1% on a year-over-year basis. Equities research analysts forecast that Jones Lang LaSalle Incorporated will post 21.93 earnings per share for the current year.

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.

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