Swedbank AB Sells 441,569 Shares of Jones Lang LaSalle Incorporated $JLL

Swedbank AB trimmed its stake in Jones Lang LaSalle Incorporated (NYSE:JLL) by 44.4% in the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 552,173 shares of the financial services provider’s stock after selling 441,569 shares during the period. Swedbank AB owned 1.19% of Jones Lang LaSalle worth $168,037,000 at the end of the most recent quarter.

A number of other institutional investors also recently added to or reduced their stakes in the stock. Sunbelt Securities Inc. purchased a new position in Jones Lang LaSalle in the 3rd quarter worth $25,000. International Assets Investment Management LLC acquired a new stake in Jones Lang LaSalle during the 4th quarter worth about $29,000. Activest Wealth Management lifted its holdings in shares of Jones Lang LaSalle by 1,720.0% in the 4th quarter. Activest Wealth Management now owns 91 shares of the financial services provider’s stock valued at $31,000 after buying an additional 86 shares during the period. Hilton Head Capital Partners LLC acquired a new position in shares of Jones Lang LaSalle in the 4th quarter valued at about $35,000. Finally, True Wealth Design LLC boosted its stake in shares of Jones Lang LaSalle by 13,200.0% in the fourth quarter. True Wealth Design LLC now owns 133 shares of the financial services provider’s stock worth $45,000 after buying an additional 132 shares during the last quarter. Institutional investors own 94.80% of the company’s stock.

Insider Buying and Selling at Jones Lang LaSalle

In related news, Director Larry Quinlan sold 403 shares of Jones Lang LaSalle stock in a transaction that occurred on Friday, June 5th. The shares were sold at an average price of $295.14, for a total value of $118,941.42. Following the completion of the sale, the director owned 4,771 shares in the company, valued at approximately $1,408,112.94. This trade represents a 7.79% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders own 0.91% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research analysts have issued reports on the company. Weiss Ratings downgraded Jones Lang LaSalle from a “buy (b)” rating to a “buy (b-)” rating in a report on Thursday, May 28th. Zacks Research raised shares of Jones Lang LaSalle from a “hold” rating to a “strong-buy” rating in a report on Wednesday, June 24th. Barclays increased their price target on shares of Jones Lang LaSalle from $348.00 to $366.00 and gave the stock an “equal weight” rating in a report on Wednesday, May 13th. Finally, UBS Group lifted their price objective on shares of Jones Lang LaSalle from $425.00 to $445.00 and gave the company a “buy” rating in a report on Wednesday, April 22nd. One equities research analyst has rated the stock with a Strong Buy rating, five have given a Buy rating and two have assigned a Hold rating to the company’s stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $394.00.

Jones Lang LaSalle Trading Up 2.2%

NYSE:JLL traded up $7.31 on Tuesday, hitting $337.17. The stock had a trading volume of 58,229 shares, compared to its average volume of 467,913. The company has a fifty day moving average price of $305.93 and a two-hundred day moving average price of $318.67. Jones Lang LaSalle Incorporated has a 1-year low of $246.07 and a 1-year high of $363.06. The company has a quick ratio of 2.35, a current ratio of 2.35 and a debt-to-equity ratio of 0.15. The stock has a market cap of $15.64 billion, a price-to-earnings ratio of 18.13 and a beta of 1.27.

Jones Lang LaSalle (NYSE:JLL) last announced its quarterly earnings results on Thursday, April 30th. The financial services provider reported $3.43 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $3.01 by $0.42. Jones Lang LaSalle had a net margin of 3.35% and a return on equity of 13.01%. The business had revenue of $6.39 billion during the quarter, compared to the consensus estimate of $6 billion. During the same quarter last year, the firm earned $2.31 EPS. The business’s revenue was up 11.1% compared to the same quarter last year. Equities research analysts expect that Jones Lang LaSalle Incorporated will post 22.84 earnings per share for the current fiscal year.

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.