Jones Lang LaSalle Incorporated $JLL Shares Purchased by Amundi

Key Points

• Amundi increased its stake in Jones Lang LaSalle by 186.7% during the first quarter, now holding 22,047 shares valued at approximately $5.1 million.
• The company's latest quarterly earnings showed an EPS of $3.30, surpassing analysts' expectations, with revenues increasing by 11% year-over-year.
• Analysts have recently revised their price targets for Jones Lang LaSalle, with JPMorgan setting a target of $372.00 and Goldman Sachs adjusting theirs to $378.00.

Amundi raised its position in Jones Lang LaSalle Incorporated (NYSE:JLL - Free Report) by 186.7% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 22,047 shares of the financial services provider's stock after purchasing an additional 14,357 shares during the quarter. Amundi's holdings in Jones Lang LaSalle were worth $5,115,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently bought and sold shares of JLL. Captrust Financial Advisors boosted its holdings in Jones Lang LaSalle by 2.1% in the 4th quarter. Captrust Financial Advisors now owns 3,157 shares of the financial services provider's stock valued at $799,000 after purchasing an additional 64 shares during the last quarter. Cetera Investment Advisers boosted its holdings in Jones Lang LaSalle by 24.5% in the 4th quarter. Cetera Investment Advisers now owns 7,521 shares of the financial services provider's stock valued at $1,904,000 after purchasing an additional 1,479 shares during the last quarter. Deutsche Bank AG raised its stake in shares of Jones Lang LaSalle by 94.7% in the 4th quarter. Deutsche Bank AG now owns 64,976 shares of the financial services provider's stock valued at $16,448,000 after acquiring an additional 31,608 shares during the period. D. E. Shaw & Co. Inc. raised its stake in shares of Jones Lang LaSalle by 218.0% in the 4th quarter. D. E. Shaw & Co. Inc. now owns 11,376 shares of the financial services provider's stock valued at $2,880,000 after acquiring an additional 7,799 shares during the period. Finally, Ensign Peak Advisors Inc raised its stake in shares of Jones Lang LaSalle by 11.3% in the 4th quarter. Ensign Peak Advisors Inc now owns 17,076 shares of the financial services provider's stock valued at $4,323,000 after acquiring an additional 1,735 shares during the period. 94.80% of the stock is currently owned by institutional investors and hedge funds.

Jones Lang LaSalle Trading Down 0.1%

Shares of NYSE:JLL opened at $306.74 on Thursday. Jones Lang LaSalle Incorporated has a 52 week low of $194.36 and a 52 week high of $315.14. The company's 50 day moving average is $279.98 and its two-hundred day moving average is $251.56. The company has a current ratio of 2.35, a quick ratio of 2.35 and a debt-to-equity ratio of 0.16. The company has a market cap of $14.53 billion, a PE ratio of 26.37 and a beta of 1.41.

Jones Lang LaSalle (NYSE:JLL - Get Free Report) last announced its quarterly earnings data on Wednesday, August 6th. The financial services provider reported $3.30 EPS for the quarter, beating 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 company had revenue of $6.25 billion for the quarter, compared to the consensus estimate of $6.17 billion. During the same period in the prior year, the firm posted $2.55 EPS. The company's quarterly revenue was up 11.0% compared to the same quarter last year. Equities analysts predict that Jones Lang LaSalle Incorporated will post 16.45 earnings per share for the current fiscal year.

Analysts Set New Price Targets

A number of research firms have recently issued reports on JLL. JPMorgan Chase & Co. boosted their price target on shares of Jones Lang LaSalle from $285.00 to $372.00 and gave the company an "overweight" rating in a research note on Tuesday, August 26th. Keefe, Bruyette & Woods increased their target price on shares of Jones Lang LaSalle from $280.00 to $297.00 and gave the stock an "outperform" rating in a report on Thursday, July 24th. UBS Group increased their target price on shares of Jones Lang LaSalle from $305.00 to $340.00 and gave the stock a "buy" rating in a report on Wednesday, July 2nd. Citizens Jmp assumed coverage on shares of Jones Lang LaSalle in a report on Monday, July 21st. They set a "market perform" rating on the stock. Finally, The Goldman Sachs Group increased their target price on shares of Jones Lang LaSalle from $338.00 to $378.00 and gave the stock a "buy" rating in a report on Wednesday, August 13th. One analyst has rated the stock with a Strong Buy rating, five have issued a Buy rating and three have assigned a Hold rating to the company. Based on data from MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and an average price target of $328.57.

Insider Activity at Jones Lang LaSalle

In related news, CEO Andrew W. Poppink sold 275 shares of the stock in a transaction on Friday, June 20th. The shares were sold at an average price of $237.97, for a total value of $65,441.75. Following the transaction, the chief executive officer directly owned 10,297 shares of the company's stock, valued at $2,450,377.09. This trade represents a 2.60% decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. 0.91% of the stock is owned by company insiders.

About Jones Lang LaSalle

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.

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