Jones Lang LaSalle Incorporated (NYSE:JLL) Shares Sold by Nordea Investment Management AB

Nordea Investment Management AB lowered its position in shares of Jones Lang LaSalle Incorporated (NYSE:JLLFree Report) by 31.3% in the first quarter, according to the company in its most recent filing with the SEC. The firm owned 200,692 shares of the financial services provider’s stock after selling 91,540 shares during the quarter. Nordea Investment Management AB owned about 0.42% of Jones Lang LaSalle worth $39,219,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also modified their holdings of JLL. Norges Bank acquired a new position in shares of Jones Lang LaSalle in the 4th quarter valued at about $97,222,000. Price T Rowe Associates Inc. MD lifted its holdings in shares of Jones Lang LaSalle by 84.8% in the 4th quarter. Price T Rowe Associates Inc. MD now owns 589,128 shares of the financial services provider’s stock valued at $111,270,000 after buying an additional 270,404 shares during the period. Epoch Investment Partners Inc. lifted its holdings in shares of Jones Lang LaSalle by 3,097.2% in the 4th quarter. Epoch Investment Partners Inc. now owns 193,240 shares of the financial services provider’s stock valued at $36,497,000 after buying an additional 187,196 shares during the period. Artemis Investment Management LLP acquired a new position in shares of Jones Lang LaSalle in the 1st quarter valued at about $32,639,000. Finally, Dimensional Fund Advisors LP lifted its holdings in shares of Jones Lang LaSalle by 11.1% in the 4th quarter. Dimensional Fund Advisors LP now owns 1,426,954 shares of the financial services provider’s stock valued at $269,512,000 after buying an additional 142,887 shares during the period. Institutional investors and hedge funds own 94.80% of the company’s stock.

Jones Lang LaSalle Stock Down 0.0 %

NYSE:JLL opened at $203.67 on Tuesday. The company has a quick ratio of 2.35, a current ratio of 2.35 and a debt-to-equity ratio of 0.34. The stock’s fifty day moving average is $199.76 and its two-hundred day moving average is $188.88. Jones Lang LaSalle Incorporated has a 52 week low of $119.46 and a 52 week high of $213.33. The stock has a market capitalization of $9.69 billion, a price-to-earnings ratio of 32.75 and a beta of 1.38.

Jones Lang LaSalle (NYSE:JLLGet Free Report) last released its earnings results on Monday, May 6th. The financial services provider reported $1.78 EPS for the quarter, topping the consensus estimate of $0.85 by $0.93. Jones Lang LaSalle had a return on equity of 6.55% and a net margin of 1.42%. The firm had revenue of $5.12 billion during the quarter, compared to analysts’ expectations of $4.82 billion. During the same period in the previous year, the firm posted $0.65 EPS. Jones Lang LaSalle’s revenue for the quarter was up 8.7% on a year-over-year basis. Research analysts anticipate that Jones Lang LaSalle Incorporated will post 12.36 EPS for the current year.

Analyst Ratings Changes

JLL has been the subject of several recent analyst reports. Raymond James upgraded Jones Lang LaSalle from an “outperform” rating to a “strong-buy” rating and lifted their price target for the company from $218.00 to $246.00 in a research note on Wednesday, April 3rd. JPMorgan Chase & Co. lifted their price target on Jones Lang LaSalle from $215.00 to $230.00 and gave the company an “overweight” rating in a research note on Friday, June 21st. UBS Group lifted their price target on Jones Lang LaSalle from $225.00 to $240.00 and gave the company a “buy” rating in a research note on Wednesday, July 3rd. StockNews.com lowered Jones Lang LaSalle from a “strong-buy” rating to a “buy” rating in a research note on Friday, June 21st. Finally, Keefe, Bruyette & Woods lifted their price target on Jones Lang LaSalle from $190.00 to $200.00 and gave the company a “market perform” rating in a research note on Wednesday, May 8th. Three analysts have rated the stock with a hold rating, four have issued a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average price target of $223.33.

Get Our Latest Analysis on Jones Lang LaSalle

About Jones Lang LaSalle

(Free Report)

Jones Lang LaSalle Incorporated operates as a commercial real estate and investment management company. It engages in the buying, building, occupying, managing, and investing in a commercial, industrial, hotel, residential, and retail properties in Americas, Europe, the Middle East, Africa, and the Asia Pacific.

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Institutional Ownership by Quarter for Jones Lang LaSalle (NYSE:JLL)

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