Skandinaviska Enskilda Banken AB publ Takes $521,000 Position in Jones Lang LaSalle Incorporated (NYSE:JLL)

Key Points

• Skandinaviska Enskilda Banken AB has acquired a new position in Jones Lang LaSalle Incorporated (NYSE:JLL), purchasing 2,100 shares worth approximately $521,000 in the first quarter.
• Institutional investors now own 94.80% of Jones Lang LaSalle's stock, indicating a strong institutional interest in the financial services sector.
• Despite a recent increase in stock price, Wall Street analysts have issued mixed ratings on JLL, with some downgrading their recommendations and others setting higher price targets.

Skandinaviska Enskilda Banken AB publ bought a new position in shares of Jones Lang LaSalle Incorporated (NYSE:JLL - Free Report) in the first quarter, according to the company in its most recent filing with the SEC. The fund bought 2,100 shares of the financial services provider's stock, valued at approximately $521,000.

Other large investors have also recently added to or reduced their stakes in the company. Tidal Investments LLC grew its position in shares of Jones Lang LaSalle by 4.7% during the fourth quarter. Tidal Investments LLC now owns 846 shares of the financial services provider's stock worth $214,000 after acquiring an additional 38 shares during the last quarter. Ellevest Inc. boosted its position in shares of Jones Lang LaSalle by 3.7% during the fourth quarter. Ellevest Inc. now owns 1,326 shares of the financial services provider's stock worth $336,000 after buying an additional 47 shares during the period. CIBC Private Wealth Group LLC raised its stake in Jones Lang LaSalle by 25.0% during the 4th quarter. CIBC Private Wealth Group LLC now owns 250 shares of the financial services provider's stock valued at $62,000 after acquiring an additional 50 shares in the last quarter. Bessemer Group Inc. increased its holdings in shares of Jones Lang LaSalle by 0.4% during the fourth quarter. Bessemer Group Inc. now owns 12,096 shares of the financial services provider's stock valued at $3,062,000 after purchasing an additional 50 shares during the period. Finally, Hancock Whitney Corp increased its stake in Jones Lang LaSalle by 1.3% during the 4th quarter. Hancock Whitney Corp now owns 4,289 shares of the financial services provider's stock valued at $1,086,000 after buying an additional 55 shares during the period. 94.80% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

JLL has been the topic of a number of research reports. UBS Group boosted their target price on shares of Jones Lang LaSalle from $305.00 to $340.00 and gave the stock a "buy" rating in a report on Wednesday, July 2nd. Wall Street Zen downgraded shares of Jones Lang LaSalle from a "buy" rating to a "hold" rating in a research report on Monday. Citigroup reduced 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. Citizens Jmp assumed coverage on shares of Jones Lang LaSalle in a research note on Monday, July 21st. They issued a "market perform" rating on the stock. Finally, Keefe, Bruyette & Woods upped 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. Four investment analysts have rated the stock with a hold rating, five have issued a buy rating and one has issued a strong buy rating to the company's stock. According to MarketBeat.com, the company presently has an average rating of "Moderate Buy" and an average target price of $312.43.

Insider Transactions at Jones Lang LaSalle

In other Jones Lang LaSalle news, CEO Andrew W. Poppink sold 275 shares of the business's stock in a transaction that occurred 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 owned 10,297 shares of the company's stock, 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 Securities & Exchange Commission, which is available through this link. Insiders own 0.91% of the company's stock.

Jones Lang LaSalle Trading Down 1.8%

JLL traded down $4.88 during mid-day trading on Friday, reaching $265.48. The stock had a trading volume of 404,095 shares, compared to its average volume of 398,490. The company has a debt-to-equity ratio of 0.17, a quick ratio of 2.01 and a current ratio of 2.01. The stock has a market capitalization of $12.60 billion, a P/E ratio of 24.00 and a beta of 1.34. The firm's fifty day simple moving average is $246.12 and its two-hundred day simple moving average is $247.43. Jones Lang LaSalle Incorporated has a 52 week low of $194.36 and a 52 week high of $288.50.

Jones Lang LaSalle (NYSE:JLL - Get Free Report) last announced its quarterly earnings results on Wednesday, May 7th. The financial services provider reported $2.31 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.02 by $0.29. The company had revenue of $5.75 billion during the quarter, compared to the consensus estimate of $5.65 billion. Jones Lang LaSalle had a return on equity of 10.37% and a net margin of 2.23%. The company's revenue for the quarter was up 12.1% compared to the same quarter last year. During the same period in the prior year, the company earned $1.78 earnings per share. On average, equities analysts predict that Jones Lang LaSalle Incorporated will post 16.45 EPS for the current 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.