Nykredit A S Takes $521,000 Position in Jones Lang LaSalle Incorporated $JLL

Nykredit A S bought a new position in shares of Jones Lang LaSalle Incorporated (NYSE:JLL) during the 2nd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm bought 1,682 shares of the financial services provider’s stock, valued at approximately $521,000.

Several other institutional investors have also made changes to their positions in the stock. Deutsche Bank AG acquired a new stake in shares of Jones Lang LaSalle during the 2nd quarter worth $6,504,000. Moran Wealth Management LLC bought a new stake in Jones Lang LaSalle during the first quarter worth about $4,405,000. Thrivent Financial for Lutherans grew its stake in Jones Lang LaSalle by 78.4% during the fourth quarter. Thrivent Financial for Lutherans now owns 28,895 shares of the financial services provider’s stock worth $9,723,000 after buying an additional 12,699 shares in the last quarter. Geode Capital Management LLC raised its position in shares of Jones Lang LaSalle by 1.6% in the 4th quarter. Geode Capital Management LLC now owns 990,836 shares of the financial services provider’s stock valued at $333,451,000 after buying an additional 15,995 shares in the last quarter. Finally, Jackson Creek Investment Advisors LLC acquired a new position in shares of Jones Lang LaSalle in the 4th quarter valued at approximately $1,507,000. 94.80% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

JLL has been the topic of several recent analyst reports. Zacks Research lowered Jones Lang LaSalle from a “strong-buy” rating to a “hold” rating in a research note on Thursday, July 23rd. Raymond James Financial reissued a “strong-buy” rating and set a $500.00 target price on shares of Jones Lang LaSalle in a research note on Thursday, July 30th. Keefe, Bruyette & Woods raised their price target on shares of Jones Lang LaSalle from $375.00 to $415.00 and gave the company an “outperform” rating in a research note on Monday, August 3rd. Weiss Ratings raised shares of Jones Lang LaSalle from a “buy (b-)” rating to a “buy (b)” rating in a report on Tuesday, August 18th. Finally, Barclays increased their price objective on shares of Jones Lang LaSalle from $368.00 to $401.00 and gave the company an “equal weight” rating in a research note on Monday, August 17th. One analyst has rated the stock with a Strong Buy rating, four have given a Buy rating and two 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 $433.60.

Jones Lang LaSalle Stock Down 2.8%

NYSE:JLL opened at $352.07 on Wednesday. Jones Lang LaSalle Incorporated has a one year low of $259.83 and a one year high of $393.84. The company has a debt-to-equity ratio of 0.15, a current ratio of 2.40 and a quick ratio of 2.40. The company has a market cap of $16.20 billion, a PE ratio of 16.87 and a beta of 1.24. The firm’s 50 day simple moving average is $351.79 and its 200 day simple moving average is $323.44.

Jones Lang LaSalle (NYSE:JLL) last announced its quarterly earnings results on Thursday, July 30th. The financial services provider reported $5.26 earnings per share (EPS) for the quarter, beating the consensus estimate of $4.56 by $0.70. The firm had revenue of $6.93 billion during the quarter, compared to analysts’ expectations of $6.88 billion. Jones Lang LaSalle had a net margin of 3.64% and a return on equity of 13.99%. The company’s revenue was up 10.8% on a year-over-year basis. During the same period in the prior year, the company posted $3.30 EPS. On average, research analysts anticipate that Jones Lang LaSalle Incorporated will post 25.05 earnings per share for the current year.

Insiders Place Their Bets

In other Jones Lang LaSalle news, Director Larry Quinlan sold 402 shares of the company’s stock in a transaction dated Friday, June 12th. The stock was sold at an average price of $301.73, for a total value of $121,295.46. Following the sale, the director owned 4,369 shares in the company, valued at approximately $1,318,258.37. The trade was a 8.43% decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CEO Christian Ulbrich sold 2,000 shares of the firm’s stock in a transaction dated Thursday, August 20th. The stock was sold at an average price of $385.53, for a total value of $771,060.00. Following the transaction, the chief executive officer owned 138,418 shares of the company’s stock, valued at $53,364,291.54. This trade represents a 1.42% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders sold 6,402 shares of company stock valued at $2,392,355 over the last 90 days. 0.91% of the stock is currently owned by company insiders.

Jones Lang LaSalle Profile

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.