BDF Gestion Reduces Stock Position in Jones Lang LaSalle Incorporated $JLL

BDF Gestion decreased its stake in shares of Jones Lang LaSalle Incorporated (NYSE:JLL) by 17.2% during the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 11,424 shares of the financial services provider’s stock after selling 2,377 shares during the period. BDF Gestion’s holdings in Jones Lang LaSalle were worth $3,408,000 at the end of the most recent reporting period.

A number of other hedge funds have also added to or reduced their stakes in JLL. FJ Capital Management LLC lifted its holdings in Jones Lang LaSalle by 38.5% in the second quarter. FJ Capital Management LLC now owns 22,352 shares of the financial services provider’s stock valued at $5,717,000 after acquiring an additional 6,214 shares during the period. Bank of Montreal Can lifted its stake in shares of Jones Lang LaSalle by 22.6% in the 2nd quarter. Bank of Montreal Can now owns 9,547 shares of the financial services provider’s stock worth $2,442,000 after purchasing an additional 1,761 shares during the period. Acadian Asset Management LLC grew its position in Jones Lang LaSalle by 270.3% during the first quarter. Acadian Asset Management LLC now owns 25,052 shares of the financial services provider’s stock valued at $6,206,000 after buying an additional 18,287 shares during the period. Boston Partners purchased a new stake in Jones Lang LaSalle during the second quarter valued at approximately $12,186,000. Finally, Nordea Investment Management AB raised its position in Jones Lang LaSalle by 5.7% in the second quarter. Nordea Investment Management AB now owns 193,901 shares of the financial services provider’s stock worth $49,389,000 after acquiring an additional 10,527 shares during the period. 94.80% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

JLL has been the subject of a number of recent research reports. Weiss Ratings reissued a “hold (c+)” rating on shares of Jones Lang LaSalle in a research report on Wednesday, October 8th. JPMorgan Chase & Co. upped their price target on Jones Lang LaSalle from $285.00 to $372.00 and gave the stock an “overweight” rating in a research report on Tuesday, August 26th. UBS Group lifted their price objective on Jones Lang LaSalle from $340.00 to $360.00 and gave the company a “buy” rating in a research report on Friday, October 10th. Wall Street Zen raised shares of Jones Lang LaSalle from a “buy” rating to a “strong-buy” rating in a report on Saturday, November 8th. Finally, Keefe, Bruyette & Woods lifted their price target on shares of Jones Lang LaSalle from $317.00 to $345.00 and gave the company an “outperform” rating in a report on Thursday, October 9th. One analyst has rated the stock with a Strong Buy rating, four have given a Buy rating and five have issued a Hold rating to the company’s stock. According to data from MarketBeat, Jones Lang LaSalle presently has an average rating of “Moderate Buy” and an average price target of $342.14.

Insider Activity

In other news, CEO Christian Ulbrich sold 96 shares of Jones Lang LaSalle stock in a transaction dated Thursday, December 11th. The stock was sold at an average price of $332.18, for a total value of $31,889.28. Following the sale, the chief executive officer directly owned 114,685 shares of the company’s stock, valued at approximately $38,096,063.30. The trade was a 0.08% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Insiders sold 20,000 shares of company stock valued at $6,609,091 over the last quarter. Insiders own 0.91% of the company’s stock.

Jones Lang LaSalle Stock Up 0.7%

NYSE JLL opened at $336.55 on Friday. Jones Lang LaSalle Incorporated has a 12 month low of $194.36 and a 12 month high of $340.14. The company has a current ratio of 2.31, a quick ratio of 2.31 and a debt-to-equity ratio of 0.13. The stock has a market cap of $15.88 billion, a PE ratio of 25.81 and a beta of 1.44. The stock’s 50 day moving average is $313.51 and its 200 day moving average is $289.16.

Jones Lang LaSalle (NYSE:JLL) last released its earnings results on Wednesday, November 5th. The financial services provider reported $4.50 EPS for the quarter, topping the consensus estimate of $4.24 by $0.26. The firm had revenue of $6.51 billion for the quarter, compared to the consensus estimate of $6.49 billion. Jones Lang LaSalle had a net margin of 2.49% and a return on equity of 11.10%. The company’s quarterly revenue was up 10.9% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $3.50 earnings per share. Research analysts predict that Jones Lang LaSalle Incorporated will post 16.45 EPS for the current fiscal year.

About Jones Lang LaSalle

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.