Hsbc Holdings PLC Buys New Holdings in Jones Lang LaSalle Incorporated $JLL

Hsbc Holdings PLC purchased a new position in shares of Jones Lang LaSalle Incorporated (NYSE:JLL) in the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund purchased 5,138 shares of the financial services provider’s stock, valued at approximately $1,592,000.

Other hedge funds and other institutional investors have also modified their holdings of the company. Deutsche Bank AG purchased a new position in shares of Jones Lang LaSalle in the 2nd quarter valued at about $6,504,000. Moran Wealth Management LLC purchased a new position in shares of Jones Lang LaSalle during the first quarter worth about $4,405,000. Geode Capital Management LLC lifted its holdings 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 purchasing an additional 15,995 shares during the last quarter. Principal Financial Group Inc. boosted its position in shares of Jones Lang LaSalle by 279.6% in the 1st quarter. Principal Financial Group Inc. now owns 429,418 shares of the financial services provider’s stock valued at $130,683,000 after purchasing an additional 316,299 shares during the period. Finally, Jackson Creek Investment Advisors LLC purchased a new position in Jones Lang LaSalle during the 4th quarter worth approximately $1,507,000. 94.80% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several equities research analysts have recently weighed in on JLL shares. Raymond James Financial reissued a “strong-buy” rating and issued a $500.00 price objective on shares of Jones Lang LaSalle in a report on Thursday, July 30th. Zacks Research downgraded shares of Jones Lang LaSalle from a “strong-buy” rating to a “hold” rating in a research report on Thursday, July 23rd. Keefe, Bruyette & Woods increased their price target on shares of Jones Lang LaSalle from $375.00 to $415.00 and gave the stock an “outperform” rating in a research note on Monday, August 3rd. Weiss Ratings upgraded shares of Jones Lang LaSalle from a “buy (b-)” rating to a “buy (b)” rating in a research note on Tuesday, August 18th. Finally, Barclays increased their target price on shares of Jones Lang LaSalle from $368.00 to $401.00 and gave the stock 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 assigned a Hold rating to the company’s stock. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and an average price target of $433.60.

Insider Buying and Selling

In other news, Director Larry Quinlan sold 402 shares of the firm’s stock in a transaction that occurred on Friday, June 12th. The stock was sold at an average price of $301.73, for a total value of $121,295.46. Following the completion of the sale, the director directly owned 4,369 shares of the company’s stock, valued at $1,318,258.37. This trade represents a 8.43% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CEO Christian Ulbrich sold 2,000 shares of Jones Lang LaSalle stock in a transaction that occurred on Thursday, August 20th. The shares were sold at an average price of $385.53, for a total value of $771,060.00. Following the completion of the sale, the chief executive officer owned 138,418 shares in the company, valued at approximately $53,364,291.54. This trade represents a 1.42% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders sold a total of 6,805 shares of company stock worth $2,511,297 in the last ninety days. 0.91% of the stock is owned by corporate insiders.

Jones Lang LaSalle Price Performance

Shares of NYSE JLL opened at $378.94 on Monday. 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 $17.44 billion, a PE ratio of 18.16 and a beta of 1.24. The stock has a fifty day moving average price of $344.31 and a 200 day moving average price of $320.60. Jones Lang LaSalle Incorporated has a 1-year low of $259.83 and a 1-year high of $393.84.

Jones Lang LaSalle (NYSE:JLL) last announced its quarterly earnings data on Thursday, July 30th. The financial services provider reported $5.26 EPS for the quarter, topping analysts’ consensus estimates of $4.56 by $0.70. The company had revenue of $6.93 billion during the quarter, compared to the consensus estimate of $6.88 billion. Jones Lang LaSalle had a net margin of 3.64% and a return on equity of 13.99%. Jones Lang LaSalle’s quarterly revenue was up 10.8% on a year-over-year basis. During the same quarter in the prior year, the firm earned $3.30 EPS. Sell-side analysts forecast that Jones Lang LaSalle Incorporated will post 24.59 EPS for the current year.

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.