Universal Beteiligungs und Servicegesellschaft mbH Invests $8.16 Million in Jones Lang LaSalle Incorporated (NYSE:JLL)

Key Points

• Universal Beteiligungs und Servicegesellschaft mbH acquired a stake of 32,933 shares in Jones Lang LaSalle Incorporated valued at approximately $8.16 million, representing about 0.07% of the company.
• Several institutional investors, including EdgePoint Investment Group Inc. and Invesco Ltd., also increased their holdings in Jones Lang LaSalle in the past quarter.
• Jones Lang LaSalle reported earnings of $2.31 per share for the latest quarter, exceeding estimates, with a 12.1% increase in revenue compared to the same period last year.

Universal Beteiligungs und Servicegesellschaft mbH bought a new position in shares of Jones Lang LaSalle Incorporated (NYSE:JLL - Free Report) during the first quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm bought 32,933 shares of the financial services provider's stock, valued at approximately $8,164,000. Universal Beteiligungs und Servicegesellschaft mbH owned 0.07% of Jones Lang LaSalle at the end of the most recent quarter.

Other hedge funds have also recently added to or reduced their stakes in the company. EdgePoint Investment Group Inc. boosted its holdings in shares of Jones Lang LaSalle by 5.7% during the 4th quarter. EdgePoint Investment Group Inc. now owns 1,639,526 shares of the financial services provider's stock valued at $415,030,000 after acquiring an additional 88,479 shares in the last quarter. Invesco Ltd. raised its position in shares of Jones Lang LaSalle by 0.9% in the 4th quarter. Invesco Ltd. now owns 944,623 shares of the financial services provider's stock worth $239,122,000 after acquiring an additional 8,274 shares in the last quarter. Geode Capital Management LLC raised its position in shares of Jones Lang LaSalle by 4.6% in the 4th quarter. Geode Capital Management LLC now owns 934,958 shares of the financial services provider's stock worth $240,190,000 after acquiring an additional 41,331 shares in the last quarter. Norges Bank bought a new stake in Jones Lang LaSalle in the 4th quarter valued at about $149,468,000. Finally, Arrowstreet Capital Limited Partnership increased its holdings in Jones Lang LaSalle by 13.7% during the 4th quarter. Arrowstreet Capital Limited Partnership now owns 542,675 shares of the financial services provider's stock worth $137,373,000 after purchasing an additional 65,407 shares in the last quarter. Institutional investors own 94.80% of the company's stock.

Analyst Upgrades and Downgrades

Several research firms recently commented on JLL. Citigroup dropped their price objective 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. UBS Group upped their price target 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. JMP Securities started coverage on shares of Jones Lang LaSalle in a report on Monday, July 21st. They issued a "market perform" rating on the stock. JPMorgan Chase & Co. reduced their target price on Jones Lang LaSalle from $327.00 to $285.00 and set an "overweight" rating on the stock in a research note on Thursday, April 10th. Finally, Keefe, Bruyette & Woods upped their price target on shares of Jones Lang LaSalle from $280.00 to $297.00 and gave the company an "outperform" rating in a research report on Thursday, July 24th. Four investment analysts have rated the stock with a hold rating, five have given a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat, the stock has a consensus rating of "Moderate Buy" and a consensus target price of $312.43.

Jones Lang LaSalle Price Performance

JLL stock traded down $3.58 during mid-day trading on Wednesday, hitting $272.31. The company had a trading volume of 458,346 shares, compared to its average volume of 378,523. The company has a 50-day moving average price of $245.00 and a 200 day moving average price of $247.21. Jones Lang LaSalle Incorporated has a 12-month low of $194.36 and a 12-month high of $288.50. The company has a quick ratio of 2.01, a current ratio of 2.01 and a debt-to-equity ratio of 0.17. The company has a market capitalization of $12.93 billion, a price-to-earnings ratio of 24.62 and a beta of 1.34.

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

Insider Buying and Selling

In other Jones Lang LaSalle news, CEO Andrew W. Poppink sold 275 shares of the company'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 transaction of $65,441.75. Following the transaction, the chief executive officer owned 10,297 shares in the company, valued at approximately $2,450,377.09. This represents a 2.60% decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. 0.91% of the stock is owned by insiders.

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.