Jones Lang LaSalle Incorporated $JLL Shares Purchased by KBC Group NV

KBC Group NV lifted its stake in Jones Lang LaSalle Incorporated (NYSE:JLL) by 7.0% in the first quarter, HoldingsChannel reports. The fund owned 36,621 shares of the financial services provider’s stock after purchasing an additional 2,405 shares during the quarter. KBC Group NV’s holdings in Jones Lang LaSalle were worth $11,145,000 at the end of the most recent reporting period.

A number of other hedge funds have also made changes to their positions in JLL. M&T Bank Corp raised its holdings in Jones Lang LaSalle by 184,969.0% during the fourth quarter. M&T Bank Corp now owns 3,864,241 shares of the financial services provider’s stock worth $1,300,201,000 after purchasing an additional 3,862,153 shares in the last quarter. AQR Capital Management LLC increased its position in shares of Jones Lang LaSalle by 426.7% during the 4th quarter. AQR Capital Management LLC now owns 899,625 shares of the financial services provider’s stock valued at $302,697,000 after purchasing an additional 728,824 shares during the period. Norges Bank bought a new stake in shares of Jones Lang LaSalle in the 4th quarter worth $194,950,000. Eurizon Capital SGR S.p.A. acquired a new stake in shares of Jones Lang LaSalle in the fourth quarter valued at $132,263,000. Finally, Millennium Management LLC boosted its stake in Jones Lang LaSalle by 4,285.3% during the third quarter. Millennium Management LLC now owns 350,821 shares of the financial services provider’s stock valued at $104,643,000 after buying an additional 342,821 shares in the last quarter. Institutional investors and hedge funds own 94.80% of the company’s stock.

Analyst Ratings Changes

A number of research analysts recently issued reports on the company. Weiss Ratings lowered Jones Lang LaSalle from a “buy (b)” rating to a “buy (b-)” rating in a report on Thursday, May 28th. Zacks Research upgraded shares of Jones Lang LaSalle from a “hold” rating to a “strong-buy” rating in a research report on Wednesday, June 24th. UBS Group lifted their price objective 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. Finally, Barclays boosted their target price 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. One equities research analyst has rated the stock with a Strong Buy rating, five have issued a Buy rating and one has issued a Hold rating to the company’s stock. According to data from MarketBeat.com, the stock has an average rating of “Buy” and an average price target of $394.00.

Jones Lang LaSalle Trading Down 0.1%

NYSE:JLL opened at $324.07 on Thursday. The stock has a market cap of $15.03 billion, a PE ratio of 17.42 and a beta of 1.27. Jones Lang LaSalle Incorporated has a fifty-two week low of $258.19 and a fifty-two week high of $363.06. The company has a debt-to-equity ratio of 0.15, a current ratio of 2.35 and a quick ratio of 2.35. The stock’s 50-day moving average is $305.54 and its two-hundred day moving average is $317.48.

Jones Lang LaSalle (NYSE:JLL) last posted its quarterly earnings results on Thursday, April 30th. The financial services provider reported $3.43 EPS for the quarter, topping the consensus estimate of $3.01 by $0.42. The business had revenue of $6.39 billion during the quarter, compared to analysts’ expectations of $6 billion. Jones Lang LaSalle had a net margin of 3.35% and a return on equity of 13.01%. The firm’s quarterly revenue was up 11.1% compared to the same quarter last year. During the same period last year, the company posted $2.31 earnings per share. As a group, equities research analysts forecast that Jones Lang LaSalle Incorporated will post 22.83 earnings per share for the current fiscal year.

Insider Activity at Jones Lang LaSalle

In other news, Director Larry Quinlan sold 403 shares of the company’s stock in a transaction 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 transaction, the director directly owned 4,771 shares of the company’s stock, valued at approximately $1,408,112.94. This represents a 7.79% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. 0.91% of the stock is currently owned by corporate insiders.

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.