Bayview Asset Management LLC Acquires 1,160 Shares of Jones Lang LaSalle Incorporated $JLL

Bayview Asset Management LLC grew its stake in shares of Jones Lang LaSalle Incorporated (NYSE:JLL) by 1,757.6% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 1,226 shares of the financial services provider’s stock after buying an additional 1,160 shares during the quarter. Jones Lang LaSalle accounts for approximately 0.1% of Bayview Asset Management LLC’s portfolio, making the stock its 23rd largest holding. Bayview Asset Management LLC’s holdings in Jones Lang LaSalle were worth $314,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently modified their holdings of the stock. Norges Bank bought a new position in Jones Lang LaSalle during the 2nd quarter worth approximately $160,187,000. Swedbank AB boosted its stake in shares of Jones Lang LaSalle by 115.0% during the second quarter. Swedbank AB now owns 938,149 shares of the financial services provider’s stock valued at $239,960,000 after purchasing an additional 501,716 shares during the period. Select Equity Group L.P. grew its holdings in shares of Jones Lang LaSalle by 50.7% in the first quarter. Select Equity Group L.P. now owns 1,062,069 shares of the financial services provider’s stock worth $263,298,000 after purchasing an additional 357,469 shares during the last quarter. Nuveen LLC purchased a new position in shares of Jones Lang LaSalle in the first quarter worth $53,533,000. Finally, EdgePoint Investment Group Inc. raised its holdings in Jones Lang LaSalle by 11.9% during the 1st quarter. EdgePoint Investment Group Inc. now owns 1,835,344 shares of the financial services provider’s stock valued at $455,000,000 after buying an additional 195,818 shares during the last quarter. Institutional investors own 94.80% of the company’s stock.

Jones Lang LaSalle Trading Down 1.4%

NYSE JLL opened at $325.28 on Monday. The firm has a market capitalization of $15.35 billion, a PE ratio of 27.97 and a beta of 1.46. The stock’s 50 day moving average is $303.45 and its 200 day moving average is $278.82. Jones Lang LaSalle Incorporated has a twelve month low of $194.36 and a twelve month high of $335.83. The company has a quick ratio of 2.35, a current ratio of 2.35 and a debt-to-equity ratio of 0.16.

Jones Lang LaSalle (NYSE:JLL) last posted its quarterly earnings data on Wednesday, November 5th. The financial services provider reported $4.50 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $4.24 by $0.26. The business had revenue of $6.51 billion during the quarter, compared to the consensus estimate of $6.49 billion. Jones Lang LaSalle had a return on equity of 10.63% and a net margin of 2.28%.The firm’s quarterly revenue was up 10.9% compared to the same quarter last year. During the same quarter in the prior year, the company earned $3.50 earnings per share. Research analysts forecast that Jones Lang LaSalle Incorporated will post 16.45 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of equities research analysts have issued reports on JLL shares. The Goldman Sachs Group raised their price target on shares of Jones Lang LaSalle from $361.00 to $407.00 and gave the stock a “buy” rating in a report on Wednesday, November 26th. JPMorgan Chase & Co. raised their target price on Jones Lang LaSalle from $285.00 to $372.00 and gave the stock an “overweight” rating in a research note on Tuesday, August 26th. Keefe, Bruyette & Woods upped their price target on Jones Lang LaSalle from $317.00 to $345.00 and gave the company an “outperform” rating in a research report on Thursday, October 9th. UBS Group increased their price objective on Jones Lang LaSalle from $340.00 to $360.00 and gave the stock a “buy” rating in a report on Friday, October 10th. Finally, Wall Street Zen raised Jones Lang LaSalle from a “buy” rating to a “strong-buy” rating in a research note on Saturday, November 8th. One research analyst has rated the stock with a Strong Buy rating, four have issued a Buy rating and four have given a Hold rating to the stock. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average target price of $340.67.

Insiders Place Their Bets

In other Jones Lang LaSalle news, CEO Christian Ulbrich sold 5,000 shares of the firm’s stock in a transaction that occurred on Tuesday, November 25th. The shares were sold at an average price of $330.33, for a total transaction of $1,651,650.00. Following the completion of the transaction, the chief executive officer owned 139,685 shares of the company’s stock, valued at approximately $46,142,146.05. This trade represents a 3.46% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Company insiders own 0.91% of the company’s stock.

Jones Lang LaSalle Company Profile

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.