Swedbank AB Boosts Stock Holdings in Jones Lang LaSalle Incorporated $JLL

Key Points

• Swedbank AB increased its holdings in Jones Lang LaSalle by 9.8% in the first quarter, owning approximately 0.92% of the company, valued at $108.2 million.
• Multiple institutional investors, including EdgePoint Investment Group and Select Equity Group, also raised their stakes in Jones Lang LaSalle, with Select Equity experiencing a 50.7% increase during the same period.
• Jones Lang LaSalle reported $3.30 EPS for the last quarter, beating estimates, and analysts project an average target price of $328.57, indicating a consensus rating of "Moderate Buy."

Swedbank AB raised its stake in Jones Lang LaSalle Incorporated (NYSE:JLL - Free Report) by 9.8% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 436,433 shares of the financial services provider's stock after buying an additional 39,133 shares during the quarter. Swedbank AB owned about 0.92% of Jones Lang LaSalle worth $108,196,000 at the end of the most recent quarter.

A number of other large investors also recently bought and sold shares of JLL. Golden State Wealth Management LLC acquired a new position in Jones Lang LaSalle in the first quarter valued at about $33,000. SVB Wealth LLC acquired a new stake in shares of Jones Lang LaSalle during the first quarter worth about $38,000. Western Pacific Wealth Management LP acquired a new stake in shares of Jones Lang LaSalle during the first quarter worth about $41,000. Versant Capital Management Inc lifted its position in shares of Jones Lang LaSalle by 356.3% during the first quarter. Versant Capital Management Inc now owns 324 shares of the financial services provider's stock worth $80,000 after purchasing an additional 253 shares in the last quarter. Finally, Brooklyn Investment Group lifted its position in shares of Jones Lang LaSalle by 142.1% during the first quarter. Brooklyn Investment Group now owns 322 shares of the financial services provider's stock worth $80,000 after purchasing an additional 189 shares in the last quarter. Institutional investors and hedge funds own 94.80% of the company's stock.

Insider Buying and Selling at Jones Lang LaSalle

In other Jones Lang LaSalle news, CEO Andrew W. Poppink sold 275 shares of the firm's stock in a transaction on Friday, June 20th. The stock was sold at an average price of $237.97, for a total value of $65,441.75. Following the completion of the sale, the chief executive officer owned 10,297 shares of the company's stock, valued at approximately $2,450,377.09. This trade represents a 2.60% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 0.91% of the stock is currently owned by corporate insiders.

Wall Street Analyst Weigh In

Several brokerages have recently issued reports on JLL. UBS Group increased their price target on shares of Jones Lang LaSalle from $305.00 to $340.00 and gave the stock a "buy" rating in a research report on Wednesday, July 2nd. Keefe, Bruyette & Woods increased their price target on shares of Jones Lang LaSalle from $280.00 to $297.00 and gave the stock an "outperform" rating in a research report on Thursday, July 24th. Citizens Jmp assumed coverage on shares of Jones Lang LaSalle in a research report on Monday, July 21st. They set a "market perform" rating on the stock. JMP Securities assumed coverage on shares of Jones Lang LaSalle in a research note on Monday, July 21st. They set a "market perform" rating on the stock. Finally, The Goldman Sachs Group upped their target price on shares of Jones Lang LaSalle from $338.00 to $378.00 and gave the stock a "buy" rating in a research note on Wednesday, August 13th. One investment analyst has rated the stock with a Strong Buy rating, five have given a Buy rating and three have issued a Hold rating to the stock. According to MarketBeat, the company presently has a consensus rating of "Moderate Buy" and an average price target of $328.57.

Jones Lang LaSalle Stock Performance

Shares of JLL traded up $3.44 during mid-day trading on Thursday, reaching $320.42. 106,317 shares of the company's stock were exchanged, compared to its average volume of 406,296. The company has a debt-to-equity ratio of 0.16, a current ratio of 2.35 and a quick ratio of 2.35. The stock has a market capitalization of $15.18 billion, a PE ratio of 27.55 and a beta of 1.41. The business's fifty day simple moving average is $285.53 and its 200-day simple moving average is $253.14. Jones Lang LaSalle Incorporated has a 52-week low of $194.36 and a 52-week high of $322.36.

Jones Lang LaSalle (NYSE:JLL - Get Free Report) last announced its earnings results on Wednesday, August 6th. The financial services provider reported $3.30 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $3.20 by $0.10. Jones Lang LaSalle had a net margin of 2.28% and a return on equity of 10.63%. The business had revenue of $6.25 billion for the quarter, compared to analyst estimates of $6.17 billion. During the same period last year, the firm posted $2.55 earnings per share. The company's revenue for the quarter was up 11.0% compared to the same quarter last year. On average, equities research analysts expect that Jones Lang LaSalle Incorporated will post 16.45 earnings per share for the current year.

Jones Lang LaSalle Profile

Jones Lang LaSalle Incorporated operates as a commercial real estate and investment management company. It engages in the buying, building, occupying, managing, and investing in a commercial, industrial, hotel, residential, and retail properties in Americas, Europe, the Middle East, Africa, and the Asia Pacific.