Swedbank AB Acquires 4,543 Shares of Jones Lang LaSalle Incorporated $JLL

Key Points

• Swedbank AB increased its stake in Jones Lang LaSalle by 0.5% in Q4, buying 4,543 shares to own 993,742 shares — about 2.11% of the company valued at $334.36 million.
• M&T Bank Corp made a large acquisition, adding 3,862,153 shares to hold 3,864,241 shares worth roughly $1.30 billion, while institutional investors now own about 94.8% of JLL.
• Jones Lang LaSalle reported quarterly EPS of $3.43 versus $3.01 consensus and revenue of $6.39 billion (up 11.1% year-over-year), beating analysts' expectations.

Swedbank AB lifted its holdings in shares of Jones Lang LaSalle Incorporated (NYSE:JLL - Free Report) by 0.5% in the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 993,742 shares of the financial services provider's stock after acquiring an additional 4,543 shares during the quarter. Swedbank AB owned approximately 2.11% of Jones Lang LaSalle worth $334,364,000 as of its most recent filing with the Securities & Exchange Commission.

Other large investors have also added to or reduced their stakes in the company. M&T Bank Corp boosted its stake in shares of Jones Lang LaSalle by 184,969.0% during the 4th quarter. M&T Bank Corp now owns 3,864,241 shares of the financial services provider's stock valued at $1,300,201,000 after purchasing an additional 3,862,153 shares in the last quarter. Alliancebernstein L.P. raised its stake in Jones Lang LaSalle by 5.2% in the third quarter. Alliancebernstein L.P. now owns 598,980 shares of the financial services provider's stock worth $178,664,000 after buying an additional 29,560 shares in the last quarter. Bamco Inc. NY lifted its holdings in Jones Lang LaSalle by 8.8% in the third quarter. Bamco Inc. NY now owns 564,097 shares of the financial services provider's stock worth $168,259,000 after buying an additional 45,733 shares during the period. Artemis Investment Management LLP boosted its position in Jones Lang LaSalle by 8.5% during the 4th quarter. Artemis Investment Management LLP now owns 402,173 shares of the financial services provider's stock valued at $135,319,000 after acquiring an additional 31,569 shares in the last quarter. Finally, Millennium Management LLC raised its position in shares of Jones Lang LaSalle by 4,285.3% in the 3rd quarter. Millennium Management LLC now owns 350,821 shares of the financial services provider's stock worth $104,643,000 after acquiring an additional 342,821 shares in the last quarter. Institutional investors own 94.80% of the company's stock.

Insider Buying and Selling

In other Jones Lang LaSalle news, CEO Richard Bloxam sold 5,440 shares of the stock in a transaction that occurred on Tuesday, March 24th. The shares were sold at an average price of $296.94, for a total value of $1,615,353.60. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, Director Deborah H. Mcaneny sold 2,500 shares of the business's stock in a transaction on Tuesday, March 10th. The shares were sold at an average price of $300.50, for a total transaction of $751,250.00. Following the sale, the director directly owned 14,985 shares of the company's stock, valued at approximately $4,502,992.50. The trade was a 14.30% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Company insiders own 0.91% of the company's stock.

Jones Lang LaSalle Stock Performance

Shares of JLL opened at $318.11 on Wednesday. The firm has a market capitalization of $14.76 billion, a P/E ratio of 17.10 and a beta of 1.34. The company has a debt-to-equity ratio of 0.15, a current ratio of 2.35 and a quick ratio of 2.35. Jones Lang LaSalle Incorporated has a one year low of $211.86 and a one year high of $363.06. The business has a fifty day moving average of $314.31 and a 200 day moving average of $322.07.

Jones Lang LaSalle (NYSE:JLL - Get Free Report) last announced its earnings results on Thursday, April 30th. The financial services provider reported $3.43 earnings per share (EPS) for the quarter, topping the consensus estimate of $3.01 by $0.42. The business had revenue of $6.39 billion for the quarter, compared to analysts' expectations of $6 billion. Jones Lang LaSalle had a return on equity of 13.01% and a net margin of 3.35%.The business's revenue for the quarter was up 11.1% on a year-over-year basis. During the same period last year, the firm posted $2.31 earnings per share. As a group, sell-side analysts anticipate that Jones Lang LaSalle Incorporated will post 22.35 EPS for the current year.

Analyst Upgrades and Downgrades

A number of research firms recently weighed in on JLL. Wall Street Zen raised Jones Lang LaSalle from a "buy" rating to a "strong-buy" rating in a research report on Sunday, January 11th. Keefe, Bruyette & Woods reduced their price target on Jones Lang LaSalle from $405.00 to $380.00 and set an "outperform" rating for the company in a report on Tuesday, February 24th. UBS Group upped their price target on shares of Jones Lang LaSalle from $425.00 to $445.00 and gave the stock a "buy" rating in a research note on Wednesday, April 22nd. Barclays reduced their price objective on shares of Jones Lang LaSalle from $355.00 to $348.00 and set an "equal weight" rating for the company in a research note on Tuesday, April 14th. Finally, Weiss Ratings upgraded shares of Jones Lang LaSalle from a "hold (c+)" rating to a "buy (b-)" rating in a report on Friday, February 20th. Five equities research analysts have rated the stock with a Buy rating and four have issued a Hold rating to the company. According to MarketBeat.com, Jones Lang LaSalle has an average rating of "Moderate Buy" and an average price target of $365.33.

About Jones Lang LaSalle

Jones Lang LaSalle Incorporated NYSE: JLL is a leading professional services firm specializing in real estate and investment management. The company provides a broad range of services including leasing, advisory, property and asset management, capital markets, project and development services, and valuation. Through its integrated platform, JLL serves corporate occupiers, institutional investors, real estate owners and developers, offering tailored solutions that span the entire real estate lifecycle.

Founded in 1783 in London as Jones Lang Wootton, the firm established a reputation for expertise in property management and brokerage.

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