Leonteq Securities AG Makes New $1.06 Million Investment in Jones Lang LaSalle Incorporated $JLL

Leonteq Securities AG purchased a new stake in shares of Jones Lang LaSalle Incorporated (NYSE:JLL) in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor purchased 3,144 shares of the financial services provider’s stock, valued at approximately $1,058,000.

Several other hedge funds have also modified their holdings of the company. M&T Bank Corp increased its holdings in shares of 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 valued at $1,300,201,000 after acquiring an additional 3,862,153 shares in the last quarter. Swedbank AB boosted its position in Jones Lang LaSalle by 0.5% in the 4th quarter. Swedbank AB now owns 993,742 shares of the financial services provider’s stock worth $334,364,000 after purchasing 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. 94.80% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of research analysts have weighed in on the company. UBS Group raised their price objective on Jones Lang LaSalle from $425.00 to $445.00 and gave the company a “buy” rating in a report on Wednesday, April 22nd. Weiss Ratings upgraded Jones Lang LaSalle from a “buy (b-)” rating to a “buy (b)” rating in a report on Wednesday, May 13th. Zacks Research downgraded Jones Lang LaSalle from a “strong-buy” rating to a “hold” rating in a research report on Friday, April 24th. Keefe, Bruyette & Woods cut their price objective on Jones Lang LaSalle from $405.00 to $380.00 and set an “outperform” rating for the company in a research report on Tuesday, February 24th. Finally, Barclays lifted 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. Five research analysts have rated the stock with a Buy rating and four have given a Hold rating to the company. According to data from MarketBeat.com, Jones Lang LaSalle currently has a consensus rating of “Moderate Buy” and a consensus price target of $368.33.

Jones Lang LaSalle Price Performance

JLL stock opened at $292.89 on Friday. The company has a quick ratio of 2.35, a current ratio of 2.35 and a debt-to-equity ratio of 0.15. Jones Lang LaSalle Incorporated has a fifty-two week low of $211.86 and a fifty-two week high of $363.06. The business has a 50 day moving average price of $313.62 and a 200 day moving average price of $321.87. The stock has a market cap of $13.59 billion, a price-to-earnings ratio of 15.75 and a beta of 1.34.

Jones Lang LaSalle (NYSE:JLL) last issued its quarterly earnings data on Thursday, April 30th. The financial services provider reported $3.43 earnings per share for the quarter, beating analysts’ consensus estimates of $3.01 by $0.42. Jones Lang LaSalle had a return on equity of 13.01% and a net margin of 3.35%.The company had revenue of $6.39 billion during the quarter, compared to analysts’ expectations of $6 billion. During the same quarter in the previous year, the business earned $2.31 earnings per share. The firm’s revenue for the quarter was up 11.1% on a year-over-year basis. Equities research analysts anticipate that Jones Lang LaSalle Incorporated will post 22.35 earnings per share for the current fiscal year.

Insider Buying and Selling at Jones Lang LaSalle

In other news, CEO Richard Bloxam sold 5,440 shares of the company’s stock in a transaction on Tuesday, March 24th. The stock was sold at an average price of $296.94, for a total value of $1,615,353.60. The sale was disclosed in a filing with the SEC, which is available through this link. Also, Director Deborah H. Mcaneny sold 2,500 shares of the company’s stock in a transaction on Tuesday, March 10th. The shares were sold at an average price of $300.50, for a total value of $751,250.00. Following the completion of the sale, the director owned 14,985 shares in the company, valued at $4,502,992.50. This represents a 14.30% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Corporate insiders own 0.91% of the company’s stock.

Jones Lang LaSalle 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.