Amundi Increases Holdings in Jones Lang LaSalle Incorporated $JLL

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 lifted its position in shares of Jones Lang LaSalle Incorporated (NYSE:JLL - Free Report) by 186.7% during the first quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 22,047 shares of the financial services provider's stock after buying an additional 14,357 shares during the quarter. Amundi's holdings in Jones Lang LaSalle were worth $5,115,000 at the end of the most recent quarter.

Several other large investors have also made changes to their positions in JLL. Invesco Ltd. lifted its holdings in shares of Jones Lang LaSalle by 1.8% in the first quarter. Invesco Ltd. now owns 961,959 shares of the financial services provider's stock worth $238,479,000 after buying an additional 17,336 shares in the last quarter. Northern Trust Corp lifted its stake in Jones Lang LaSalle by 21.6% in the 1st quarter. Northern Trust Corp now owns 548,227 shares of the financial services provider's stock worth $135,911,000 after purchasing an additional 97,492 shares in the last quarter. Vulcan Value Partners LLC boosted its holdings in shares of Jones Lang LaSalle by 22.9% during the 1st quarter. Vulcan Value Partners LLC now owns 536,063 shares of the financial services provider's stock valued at $132,828,000 after purchasing an additional 99,837 shares during the last quarter. SG Americas Securities LLC grew its position in shares of Jones Lang LaSalle by 51.5% during the first quarter. SG Americas Securities LLC now owns 422,688 shares of the financial services provider's stock valued at $104,789,000 after purchasing an additional 143,623 shares in the last quarter. Finally, Allianz Asset Management GmbH increased its holdings in shares of Jones Lang LaSalle by 194.0% in the first quarter. Allianz Asset Management GmbH now owns 395,337 shares of the financial services provider's stock worth $98,008,000 after purchasing an additional 260,847 shares during the last quarter. 94.80% of the stock is currently owned by hedge funds and other institutional investors.

Insider Buying and Selling at Jones Lang LaSalle

In other news, CEO Andrew W. Poppink sold 275 shares of the business's stock in a transaction on Friday, June 20th. The shares were sold at an average price of $237.97, for a total transaction of $65,441.75. Following the completion of the sale, the chief executive officer directly owned 10,297 shares of the company's stock, valued at approximately $2,450,377.09. The trade was a 2.60% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Company insiders own 0.91% of the company's stock.

Analyst Upgrades and Downgrades

Several research firms have weighed in on JLL. Wall Street Zen upgraded Jones Lang LaSalle from a "hold" rating to a "buy" rating in a report on Sunday, August 31st. Citigroup reduced their price target on shares of Jones Lang LaSalle from $275.00 to $240.00 and set a "neutral" rating on the stock in a research report on Wednesday, May 28th. JMP Securities assumed coverage on shares of Jones Lang LaSalle in a research report on Monday, July 21st. They set a "market perform" rating for the company. Keefe, Bruyette & Woods boosted 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. Finally, JPMorgan Chase & Co. increased their price target on shares of Jones Lang LaSalle from $285.00 to $372.00 and gave the company an "overweight" rating in a report on Tuesday, August 26th. One analyst has rated the stock with a Strong Buy rating, five have assigned a Buy rating and three have given a Hold rating to the stock. According to data from MarketBeat, Jones Lang LaSalle currently has an average rating of "Moderate Buy" and a consensus price target of $328.57.

Jones Lang LaSalle Trading Down 0.8%

NYSE:JLL traded down $2.56 during mid-day trading on Tuesday, hitting $311.19. 443,056 shares of the stock traded hands, compared to its average volume of 383,953. The company has a quick ratio of 2.35, a current ratio of 2.35 and a debt-to-equity ratio of 0.16. Jones Lang LaSalle Incorporated has a 52 week low of $194.36 and a 52 week high of $316.79. The stock has a market capitalization of $14.74 billion, a price-to-earnings ratio of 26.76 and a beta of 1.41. The firm's 50 day moving average is $284.31 and its two-hundred day moving average is $252.70.

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, beating the consensus estimate of $3.20 by $0.10. Jones Lang LaSalle had a return on equity of 10.63% and a net margin of 2.28%.The business had revenue of $6.25 billion during the quarter, compared to analyst estimates of $6.17 billion. During the same quarter in the previous year, the business earned $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 predict that Jones Lang LaSalle Incorporated will post 16.45 earnings per share for the current year.

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.