Jones Lang LaSalle Incorporated $JLL Shares Bought by Russell Investments Group Ltd.

Key Points

• Russell Investments Group Ltd. has increased its stake in Jones Lang LaSalle by 57.7%, now owning a total of 82,229 shares valued at approximately $20.4 million.
• Jones Lang LaSalle reported earnings of $3.30 EPS for the last quarter, surpassing analyst expectations and showing a significant revenue increase of 11.0% year-over-year.
• Hedge funds and institutional investors own 94.80% of Jones Lang LaSalle's stock, indicating strong institutional interest in the company.

Russell Investments Group Ltd. raised its position in shares of Jones Lang LaSalle Incorporated (NYSE:JLL - Free Report) by 57.7% during the 1st quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 82,229 shares of the financial services provider's stock after buying an additional 30,094 shares during the quarter. Russell Investments Group Ltd. owned about 0.17% of Jones Lang LaSalle worth $20,385,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently bought and sold shares of the company. EdgePoint Investment Group Inc. raised its stake in Jones Lang LaSalle by 5.7% during the fourth quarter. EdgePoint Investment Group Inc. now owns 1,639,526 shares of the financial services provider's stock valued at $415,030,000 after buying an additional 88,479 shares in the last quarter. Invesco Ltd. grew its holdings in shares of Jones Lang LaSalle by 1.8% during the first quarter. Invesco Ltd. now owns 961,959 shares of the financial services provider's stock valued at $238,479,000 after purchasing an additional 17,336 shares during the last quarter. Vulcan Value Partners LLC grew its holdings in shares of Jones Lang LaSalle by 22.9% during the first 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. Northern Trust Corp grew its holdings in shares of Jones Lang LaSalle by 1.3% during the fourth quarter. Northern Trust Corp now owns 450,735 shares of the financial services provider's stock valued at $114,099,000 after purchasing an additional 5,572 shares during the last quarter. Finally, SG Americas Securities LLC grew its holdings 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 during the last quarter. Institutional investors and hedge funds own 94.80% of the company's stock.

Jones Lang LaSalle Stock Performance

JLL stock traded up $12.2350 on Friday, reaching $305.1350. The company's stock had a trading volume of 89,630 shares, compared to its average volume of 406,905. Jones Lang LaSalle Incorporated has a 52 week low of $194.36 and a 52 week high of $305.57. The company has a market capitalization of $14.46 billion, a P/E ratio of 26.22 and a beta of 1.38. The firm has a fifty day moving average of $263.36 and a two-hundred day moving average of $248.87. The company has a debt-to-equity ratio of 0.16, a current ratio of 2.35 and a quick ratio of 2.35.

Jones Lang LaSalle (NYSE:JLL - Get Free Report) last issued its quarterly earnings data on Wednesday, August 6th. The financial services provider reported $3.30 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $3.20 by $0.10. The business had revenue of $6.25 billion during the quarter, compared to analyst estimates of $6.17 billion. Jones Lang LaSalle had a return on equity of 10.63% and a net margin of 2.28%.The business's revenue for the quarter was up 11.0% compared to the same quarter last year. During the same period in the prior year, the company posted $2.55 EPS. As a group, analysts predict that Jones Lang LaSalle Incorporated will post 16.45 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

Several equities analysts have recently commented on the company. UBS Group upped their target price on Jones Lang LaSalle from $305.00 to $340.00 and gave the company a "buy" rating in a report on Wednesday, July 2nd. Citizens Jmp began coverage on shares of Jones Lang LaSalle in a research note on Monday, July 21st. They set a "market perform" rating for the company. Citigroup reduced their target price 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. The Goldman Sachs Group boosted their target price on shares of Jones Lang LaSalle from $338.00 to $378.00 and gave the company a "buy" rating in a research note on Wednesday, August 13th. Finally, Keefe, Bruyette & Woods boosted their target price on shares of Jones Lang LaSalle from $280.00 to $297.00 and gave the company an "outperform" rating in a research note on Thursday, July 24th. 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 MarketBeat.com, Jones Lang LaSalle presently has an average rating of "Moderate Buy" and an average target price of $316.14.

Insider Transactions at Jones Lang LaSalle

In other Jones Lang LaSalle news, CEO Andrew W. Poppink sold 275 shares of the 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 completion of the transaction, the chief executive officer directly owned 10,297 shares of the company's stock, valued at approximately $2,450,377.09. This trade represents a 2.60% decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Insiders own 0.91% of the company's stock.

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.