KBC Group NV Boosts Stock Holdings in Jones Lang LaSalle Incorporated $JLL

KBC Group NV raised its stake in Jones Lang LaSalle Incorporated (NYSE:JLL) by 7.0% during the first quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. 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 owned about 0.08% of Jones Lang LaSalle worth $11,145,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also made changes to their positions in JLL. Sunbelt Securities Inc. acquired a new stake in Jones Lang LaSalle during the third quarter worth about $25,000. International Assets Investment Management LLC acquired a new stake in Jones Lang LaSalle during the 4th quarter worth approximately $29,000. Activest Wealth Management raised its holdings in Jones Lang LaSalle by 1,720.0% in the fourth quarter. Activest Wealth Management now owns 91 shares of the financial services provider’s stock valued at $31,000 after buying an additional 86 shares during the period. Hilton Head Capital Partners LLC acquired a new position in Jones Lang LaSalle during the fourth quarter valued at approximately $35,000. Finally, Bayforest Capital Ltd acquired a new stake in shares of Jones Lang LaSalle in the fourth quarter worth $55,000. 94.80% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling at Jones Lang LaSalle

In related news, Director Larry Quinlan sold 402 shares of the stock in a transaction dated Friday, June 12th. The shares were sold at an average price of $301.73, for a total value of $121,295.46. Following the sale, the director 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 legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. 0.91% of the stock is currently owned by company insiders.

Wall Street Analyst Weigh In

Several equities analysts recently weighed in on JLL shares. Weiss Ratings lowered shares of Jones Lang LaSalle from a “buy (b)” rating to a “buy (b-)” rating in a report on Thursday, May 28th. UBS Group increased their target price on Jones Lang LaSalle from $425.00 to $445.00 and gave the company a “buy” rating in a research note on Wednesday, April 22nd. Barclays boosted their price target on Jones Lang LaSalle from $348.00 to $366.00 and gave the stock an “equal weight” rating in a research report on Wednesday, May 13th. Finally, Zacks Research upgraded Jones Lang LaSalle from a “hold” rating to a “strong-buy” rating in a report on Wednesday, June 24th. One analyst has rated the stock with a Strong Buy rating, five have given a Buy rating and one has issued a Hold rating to the company’s stock. Based on data from MarketBeat.com, the company has an average rating of “Buy” and a consensus target price of $394.00.

Jones Lang LaSalle Stock Down 0.1%

Shares of NYSE:JLL opened at $324.07 on Thursday. Jones Lang LaSalle Incorporated has a 1-year low of $258.19 and a 1-year high of $363.06. The company’s fifty day moving average is $305.54 and its two-hundred day moving average is $317.48. The company has a debt-to-equity ratio of 0.15, a quick ratio of 2.35 and a current ratio of 2.35. The stock has a market capitalization of $15.03 billion, a price-to-earnings ratio of 17.42 and a beta of 1.27.

Jones Lang LaSalle (NYSE:JLL) last announced 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. The business had revenue of $6.39 billion during the quarter, compared to the consensus estimate of $6 billion. Jones Lang LaSalle had a net margin of 3.35% and a return on equity of 13.01%. The company’s revenue for the quarter was up 11.1% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $2.31 EPS. Equities analysts anticipate that Jones Lang LaSalle Incorporated will post 22.83 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.