Generation Investment Management LLP Decreases Stock Holdings in Jones Lang LaSalle Incorporated $JLL

Key Points

• Generation Investment Management LLP reduced its stake in Jones Lang LaSalle by 9.1%, now holding 1,830,795 shares valued at approximately $453.9 million, making it the firm's 17th largest position.
• Jones Lang LaSalle's recent quarterly earnings showed an EPS of $3.30, exceeding analysts' estimates, with revenue increasing by 11.0% year-over-year to $6.25 billion.
• Research analysts have given Jones Lang LaSalle a consensus rating of "Moderate Buy", with a target price of $328.57, indicating positive sentiment towards the stock's future performance.

Generation Investment Management LLP cut its holdings in Jones Lang LaSalle Incorporated (NYSE:JLL - Free Report) by 9.1% during the 1st quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 1,830,795 shares of the financial services provider's stock after selling 183,168 shares during the quarter. Jones Lang LaSalle makes up 2.7% of Generation Investment Management LLP's holdings, making the stock its 17th biggest holding. Generation Investment Management LLP owned approximately 3.86% of Jones Lang LaSalle worth $453,872,000 as of its most recent SEC filing.

Several other large investors have also bought and sold shares of the business. Graham Capital Management L.P. boosted its stake in Jones Lang LaSalle by 57.5% in the first quarter. Graham Capital Management L.P. now owns 2,649 shares of the financial services provider's stock valued at $657,000 after buying an additional 967 shares in the last quarter. Mubadala Investment Co PJSC boosted its stake in shares of Jones Lang LaSalle by 5.0% during the first quarter. Mubadala Investment Co PJSC now owns 9,602 shares of the financial services provider's stock valued at $2,380,000 after purchasing an additional 454 shares in the last quarter. Conversant Capital LLC boosted its stake in shares of Jones Lang LaSalle by 25.5% during the first quarter. Conversant Capital LLC now owns 110,440 shares of the financial services provider's stock valued at $27,379,000 after purchasing an additional 22,440 shares in the last quarter. Evergreen Capital Management LLC boosted its stake in shares of Jones Lang LaSalle by 13.2% during the first quarter. Evergreen Capital Management LLC now owns 1,457 shares of the financial services provider's stock valued at $361,000 after purchasing an additional 170 shares in the last quarter. Finally, Magnetar Financial LLC acquired a new position in shares of Jones Lang LaSalle in the first quarter worth approximately $229,000. 94.80% of the stock is owned by institutional investors and hedge funds.

Jones Lang LaSalle Stock Up 1.3%

JLL traded up $4.05 during trading on Friday, hitting $311.73. 337,902 shares of the company's stock were exchanged, compared to its average volume of 426,808. The company has a quick ratio of 2.35, a current ratio of 2.35 and a debt-to-equity ratio of 0.16. The business's 50 day moving average is $276.92 and its two-hundred day moving average is $250.79. The stock has a market cap of $14.77 billion, a P/E ratio of 26.80 and a beta of 1.41. Jones Lang LaSalle Incorporated has a fifty-two week low of $194.36 and a fifty-two week high of $315.14.

Jones Lang LaSalle (NYSE:JLL - Get Free Report) last announced its quarterly earnings results on Wednesday, August 6th. The financial services provider reported $3.30 earnings per share for the quarter, beating the consensus estimate 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 analysts' expectations of $6.17 billion. During the same quarter last year, the firm earned $2.55 EPS. The firm's revenue for the quarter was up 11.0% compared to the same quarter last year. As a group, equities analysts expect that Jones Lang LaSalle Incorporated will post 16.45 earnings per share for the current fiscal year.

Insider Buying and Selling

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 transaction of $65,441.75. Following the transaction, the chief executive officer directly owned 10,297 shares in the company, valued at approximately $2,450,377.09. This trade represents a 2.60% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders own 0.91% of the company's stock.

Analyst Upgrades and Downgrades

A number of equities analysts recently commented on JLL shares. Keefe, Bruyette & Woods lifted their price objective on Jones Lang LaSalle from $280.00 to $297.00 and gave the stock an "outperform" rating in a research note on Thursday, July 24th. Wall Street Zen raised Jones Lang LaSalle from a "hold" rating to a "buy" rating in a research note on Sunday, August 31st. UBS Group lifted their price objective on Jones Lang LaSalle from $305.00 to $340.00 and gave the stock a "buy" rating in a research note on Wednesday, July 2nd. The Goldman Sachs Group lifted their price objective on Jones Lang LaSalle from $338.00 to $378.00 and gave the stock a "buy" rating in a research note on Wednesday, August 13th. Finally, Citizens Jmp assumed coverage on Jones Lang LaSalle in a report on Monday, July 21st. They issued a "market perform" rating for the company. One investment analyst has rated the stock with a Strong Buy rating, five have given a Buy rating and three have given a Hold rating to the company. Based on data from MarketBeat, the company currently has an average rating of "Moderate Buy" and an average price target of $328.57.

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.