Nomura Holdings Inc. Has $611,000 Stake in Jones Lang LaSalle Incorporated $JLL

Key Points

• Nomura Holdings Inc. reduced its stake in Jones Lang LaSalle by 78.5%, selling 8,984 shares and retaining just 2,464 shares worth approximately $611,000.
• Several institutional investors recently increased their holdings in Jones Lang LaSalle, with Brooklyn Investment Group and Versant Capital Management Inc. significantly boosting their positions during the first quarter.
• Analysts have raised their price targets for Jones Lang LaSalle, with ratings indicating a consensus of "Moderate Buy" and a target price of $328.57.

Nomura Holdings Inc. lessened its position in Jones Lang LaSalle Incorporated (NYSE:JLL - Free Report) by 78.5% in the 1st quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 2,464 shares of the financial services provider's stock after selling 8,984 shares during the quarter. Nomura Holdings Inc.'s holdings in Jones Lang LaSalle were worth $611,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in JLL. Golden State Wealth Management LLC purchased a new stake in shares of Jones Lang LaSalle in the first quarter valued at $33,000. SVB Wealth LLC acquired a new position in Jones Lang LaSalle during the first quarter valued at $38,000. Western Pacific Wealth Management LP purchased a new stake in Jones Lang LaSalle in the 1st quarter worth about $41,000. Brooklyn Investment Group grew its stake in Jones Lang LaSalle by 142.1% during the 1st quarter. Brooklyn Investment Group now owns 322 shares of the financial services provider's stock valued at $80,000 after acquiring an additional 189 shares in the last quarter. Finally, Versant Capital Management Inc increased its holdings in shares of Jones Lang LaSalle by 356.3% in the 1st quarter. Versant Capital Management Inc now owns 324 shares of the financial services provider's stock valued at $80,000 after purchasing an additional 253 shares during the period. 94.80% of the stock is currently owned by hedge funds and other institutional investors.

Insider Activity

In related 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 transaction, the chief executive officer 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 legal filing with the SEC, which is available through this hyperlink. Insiders own 0.91% of the company's stock.

Jones Lang LaSalle Stock Up 1.3%

Shares of JLL traded up $4.05 during trading hours on Friday, hitting $311.73. 337,902 shares of the company were exchanged, compared to its average volume of 426,808. The firm's 50 day moving average is $276.92 and its 200-day moving average is $250.59. The company has a debt-to-equity ratio of 0.16, a quick ratio of 2.35 and a current ratio of 2.35. Jones Lang LaSalle Incorporated has a 52 week low of $194.36 and a 52 week high of $315.14. The company has a market cap of $14.77 billion, a PE ratio of 26.80 and a beta of 1.41.

Jones Lang LaSalle (NYSE:JLL - Get Free Report) last released its quarterly earnings results 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. The company had revenue of $6.25 billion for the quarter, compared to analyst estimates of $6.17 billion. Jones Lang LaSalle had a net margin of 2.28% and a return on equity of 10.63%. The company's quarterly revenue was up 11.0% compared to the same quarter last year. During the same quarter last year, the firm posted $2.55 earnings per share. On average, equities research analysts forecast that Jones Lang LaSalle Incorporated will post 16.45 EPS for the current fiscal year.

Analyst Ratings Changes

A number of research analysts recently commented on JLL shares. 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. UBS Group lifted their target price on shares of Jones Lang LaSalle from $305.00 to $340.00 and gave the company a "buy" rating in a research note on Wednesday, July 2nd. Keefe, Bruyette & Woods upped 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 note on Thursday, July 24th. JPMorgan Chase & Co. lifted their price objective on Jones Lang LaSalle from $285.00 to $372.00 and gave the company an "overweight" rating in a research report on Tuesday, August 26th. Finally, Citigroup lowered their target price on Jones Lang LaSalle from $275.00 to $240.00 and set a "neutral" rating on the stock in a research note on Wednesday, May 28th. One research 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 company. According to data from MarketBeat, Jones Lang LaSalle 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.