Northern Trust Corp Has $135.91 Million Stock Position in Jones Lang LaSalle Incorporated $JLL

Key Points

• Northern Trust Corp increased its stake in Jones Lang LaSalle Incorporated (JLL) by 21.6%, bringing its total ownership to approximately 1.15%, valued at about $135.9 million.
• Several institutional investors have also increased their holdings in JLL, with 94.80% of the company's stock now owned by institutional investors.
• JLL recently reported quarterly earnings, achieving an EPS of $3.30, surpassing analysts’ expectations and reflecting an 11.0% year-over-year revenue increase to $6.25 billion.

Northern Trust Corp lifted its stake in Jones Lang LaSalle Incorporated (NYSE:JLL - Free Report) by 21.6% in the 1st quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 548,227 shares of the financial services provider's stock after buying an additional 97,492 shares during the period. Northern Trust Corp owned about 1.15% of Jones Lang LaSalle worth $135,911,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Golden State Wealth Management LLC acquired a new position in Jones Lang LaSalle in the 1st quarter valued at approximately $33,000. Western Pacific Wealth Management LP bought a new stake in shares of Jones Lang LaSalle during the first quarter valued at approximately $41,000. Brooklyn Investment Group raised its stake in shares of Jones Lang LaSalle by 142.1% in the first quarter. Brooklyn Investment Group now owns 322 shares of the financial services provider's stock valued at $80,000 after purchasing an additional 189 shares in the last quarter. Versant Capital Management Inc lifted its position in Jones Lang LaSalle by 356.3% in 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 during the period. Finally, Covestor Ltd boosted its stake in Jones Lang LaSalle by 30.4% during the first quarter. Covestor Ltd now owns 335 shares of the financial services provider's stock worth $83,000 after buying an additional 78 shares in the last quarter. 94.80% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

A number of equities analysts have recently issued reports on JLL shares. Citigroup dropped their price objective on shares of Jones Lang LaSalle from $275.00 to $240.00 and set a "neutral" rating for the company in a research note on Wednesday, May 28th. JPMorgan Chase & Co. upped their target price 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. JMP Securities began coverage on shares of Jones Lang LaSalle in a research report on Monday, July 21st. They issued a "market perform" rating for the company. The Goldman Sachs Group lifted their price objective on Jones Lang LaSalle from $338.00 to $378.00 and gave the company a "buy" rating in a report on Wednesday, August 13th. Finally, Wall Street Zen lowered Jones Lang LaSalle from a "buy" rating to a "hold" rating in a research note on Saturday, August 23rd. One equities research 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 company. According to MarketBeat, the stock has a consensus rating of "Moderate Buy" and a consensus target price of $328.57.

Insider Buying and Selling at Jones Lang LaSalle

In related news, CEO Andrew W. Poppink sold 275 shares of the business's stock in a transaction that occurred 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 completion of the transaction, the chief executive officer owned 10,297 shares in the company, valued at $2,450,377.09. The trade was a 2.60% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. 0.91% of the stock is currently owned by corporate insiders.

Jones Lang LaSalle Price Performance

Shares of Jones Lang LaSalle stock traded down $2.50 during trading on Thursday, reaching $303.35. The company's stock had a trading volume of 51,075 shares, compared to its average volume of 407,204. The stock has a 50-day moving average price of $268.80 and a two-hundred day moving average price of $249.53. The stock has a market capitalization of $14.37 billion, a P/E ratio of 26.04 and a beta of 1.38. The company has a current ratio of 2.35, a quick ratio of 2.35 and a debt-to-equity ratio of 0.16. Jones Lang LaSalle Incorporated has a one year low of $194.36 and a one year high of $308.61.

Jones Lang LaSalle (NYSE:JLL - Get Free Report) last posted its quarterly earnings data 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 firm had revenue of $6.25 billion during the quarter, compared to analysts' expectations of $6.17 billion. During the same quarter last year, the company posted $2.55 EPS. The company's quarterly revenue was up 11.0% compared to the same quarter last year. As a group, sell-side analysts anticipate that Jones Lang LaSalle Incorporated will post 16.45 EPS for the current fiscal year.

Jones Lang LaSalle Company 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.