First National Bank of Omaha purchased a new position in shares of Jones Lang LaSalle Incorporated (NYSE:JLL - Free Report) in the 2nd quarter, according to the company in its most recent filing with the SEC. The fund purchased 8,822 shares of the financial services provider's stock, valued at approximately $2,734,000.
Several other large investors have also bought and sold shares of JLL. BlackRock Inc. acquired a new stake in Jones Lang LaSalle during the 2nd quarter worth $1,446,414,000. M&T Bank Corp boosted its position in shares of Jones Lang LaSalle by 184,969.0% in the 4th quarter. M&T Bank Corp now owns 3,864,241 shares of the financial services provider's stock worth $1,300,201,000 after purchasing an additional 3,862,153 shares during the last quarter. AQR Capital Management LLC grew its stake in shares of Jones Lang LaSalle by 426.7% during the fourth quarter. AQR Capital Management LLC now owns 899,625 shares of the financial services provider's stock worth $302,697,000 after purchasing an additional 728,824 shares during the period. Norges Bank bought a new stake in Jones Lang LaSalle in the fourth quarter valued at about $194,950,000. Finally, Eurizon Capital SGR S.p.A. bought a new stake in Jones Lang LaSalle in the fourth quarter valued at about $132,263,000. 94.80% of the stock is currently owned by institutional investors and hedge funds.
Insider Activity at Jones Lang LaSalle
In other news, CEO Christian Ulbrich sold 2,000 shares of the business's stock in a transaction on Tuesday, August 18th. The shares were sold at an average price of $375.00, for a total value of $750,000.00. Following the sale, the chief executive officer owned 144,418 shares of the company's stock, valued at $54,156,750. The trade was a 1.37% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director Larry Quinlan sold 403 shares of the stock in a transaction on Friday, June 5th. The stock was sold at an average price of $295.14, for a total transaction of $118,941.42. Following the transaction, the director owned 4,771 shares of the company's stock, valued at $1,408,112.94. The trade was a 7.79% decrease in their position. 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 4,805 shares of company stock valued at $1,740,237 over the last ninety days. Company insiders own 0.91% of the company's stock.
Jones Lang LaSalle Stock Performance
Shares of Jones Lang LaSalle stock opened at $371.01 on Wednesday. The company has a debt-to-equity ratio of 0.15, a current ratio of 2.40 and a quick ratio of 2.40. The firm has a market cap of $17.07 billion, a price-to-earnings ratio of 17.78 and a beta of 1.24. The stock's 50-day moving average is $330.35 and its 200-day moving average is $318.29. Jones Lang LaSalle Incorporated has a one year low of $259.83 and a one year high of $376.85.
Jones Lang LaSalle (NYSE:JLL - Get Free Report) 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. The business had revenue of $6.93 billion during the quarter, compared to the consensus estimate of $6.88 billion. Jones Lang LaSalle had a return on equity of 13.99% and a net margin of 3.64%.Jones Lang LaSalle's quarterly revenue was up 10.8% on a year-over-year basis. During the same period last year, the company earned $3.30 earnings per share. Equities analysts predict that Jones Lang LaSalle Incorporated will post 24.18 earnings per share for the current fiscal year.
Wall Street Analysts Forecast Growth
JLL has been the topic of several research analyst reports. Raymond James Financial reaffirmed a "strong-buy" rating and set a $500.00 price objective on shares of Jones Lang LaSalle in a research note on Thursday, July 30th. Keefe, Bruyette & Woods increased their price target on Jones Lang LaSalle from $375.00 to $415.00 and gave the stock an "outperform" rating in a report on Monday, August 3rd. Weiss Ratings cut Jones Lang LaSalle from a "buy (b)" rating to a "buy (b-)" rating in a report on Thursday, May 28th. Barclays boosted their price objective on Jones Lang LaSalle from $368.00 to $401.00 and gave the company an "equal weight" rating in a research report on Monday. 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 equities research analyst has rated the stock with a Strong Buy rating, five have given a Buy rating and two have given a Hold rating to the stock. According to MarketBeat.com, Jones Lang LaSalle currently has a consensus rating of "Moderate Buy" and an average price target of $423.33.
Read Our Latest Stock Report on JLL
About Jones Lang LaSalle
(
Free Report)
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.
See Also
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