Jones Lang LaSalle Incorporated $JLL Shares Acquired by Northwestern Mutual Wealth Management Co.

Northwestern Mutual Wealth Management Co. lifted its position in shares of Jones Lang LaSalle Incorporated (NYSE:JLL) by 257.0% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 8,125 shares of the financial services provider’s stock after purchasing an additional 5,849 shares during the quarter. Northwestern Mutual Wealth Management Co.’s holdings in Jones Lang LaSalle were worth $2,734,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently made changes to their positions in the business. M&T Bank Corp lifted its position 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 buying an additional 3,862,153 shares in the last quarter. Swedbank AB lifted its position in shares of Jones Lang LaSalle by 0.5% during the 4th quarter. Swedbank AB now owns 993,742 shares of the financial services provider’s stock valued at $334,364,000 after buying an additional 4,543 shares in the last quarter. Alliancebernstein L.P. lifted its position in shares of Jones Lang LaSalle by 5.2% during the 3rd quarter. Alliancebernstein L.P. now owns 598,980 shares of the financial services provider’s stock valued at $178,664,000 after buying an additional 29,560 shares in the last quarter. Bamco Inc. NY lifted its position in shares of Jones Lang LaSalle by 8.8% during the 3rd quarter. Bamco Inc. NY now owns 564,097 shares of the financial services provider’s stock valued at $168,259,000 after buying an additional 45,733 shares in the last quarter. Finally, Artemis Investment Management LLP lifted its position in shares of 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 buying an additional 31,569 shares in the last quarter. Hedge funds and other institutional investors own 94.80% of the company’s stock.

Insider Buying and Selling at Jones Lang LaSalle

In other news, CEO Richard Bloxam sold 5,440 shares of Jones Lang LaSalle stock in a transaction on Tuesday, March 24th. The stock was sold at an average price of $296.94, for a total transaction of $1,615,353.60. The transaction was disclosed in a document filed with the SEC, which is available at this link. Also, Director Deborah H. Mcaneny sold 2,500 shares of Jones Lang LaSalle stock in a transaction on Tuesday, March 10th. The stock was sold at an average price of $300.50, for a total value of $751,250.00. Following the transaction, the director owned 14,985 shares in the company, valued at approximately $4,502,992.50. This represents a 14.30% decrease in their position. The disclosure for this sale is available in the SEC filing. 0.91% of the stock is owned by insiders.

Jones Lang LaSalle Trading Up 0.2%

Shares of JLL opened at $292.23 on Tuesday. Jones Lang LaSalle Incorporated has a 52-week low of $211.86 and a 52-week 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 firm’s fifty day moving average is $313.66 and its two-hundred day moving average is $321.77. The stock has a market cap of $13.56 billion, a PE ratio of 15.71 and a beta of 1.34.

Jones Lang LaSalle (NYSE:JLL) 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. Jones Lang LaSalle had a net margin of 3.35% and a return on equity of 13.01%. The company had revenue of $6.39 billion for the quarter, compared to analysts’ expectations of $6 billion. During the same quarter in the previous year, the company posted $2.31 EPS. The firm’s quarterly revenue was up 11.1% on a year-over-year basis. Research analysts forecast that Jones Lang LaSalle Incorporated will post 22.61 earnings per share for the current fiscal year.

Analyst Ratings Changes

A number of brokerages have recently issued reports on JLL. Zacks Research lowered Jones Lang LaSalle from a “strong-buy” rating to a “hold” rating in a research report on Friday, April 24th. Barclays increased their target price on Jones Lang LaSalle from $348.00 to $366.00 and gave the company an “equal weight” rating in a research report on Wednesday, May 13th. Weiss Ratings upgraded Jones Lang LaSalle from a “buy (b-)” rating to a “buy (b)” rating in a research report on Wednesday, May 13th. Keefe, Bruyette & Woods decreased their target price on Jones Lang LaSalle from $405.00 to $380.00 and set an “outperform” rating on the stock in a research report on Tuesday, February 24th. Finally, UBS Group increased their target price on Jones Lang LaSalle from $425.00 to $445.00 and gave the company a “buy” rating in a research report on Wednesday, April 22nd. Five equities research analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the company’s stock. According to data from MarketBeat.com, Jones Lang LaSalle has an average rating of “Moderate Buy” and an average price target of $368.33.

Jones Lang LaSalle Company 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.