Nordea Investment Management AB Sells 91,540 Shares of Jones Lang LaSalle Incorporated (NYSE:JLL)

Nordea Investment Management AB lessened its holdings in shares of Jones Lang LaSalle Incorporated (NYSE:JLL - Free Report) by 31.3% during the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 200,692 shares of the financial services provider's stock after selling 91,540 shares during the quarter. Nordea Investment Management AB owned approximately 0.42% of Jones Lang LaSalle worth $39,219,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently bought and sold shares of the business. Morgan Stanley grew its stake in Jones Lang LaSalle by 2.1% during the 3rd quarter. Morgan Stanley now owns 1,673,462 shares of the financial services provider's stock valued at $236,260,000 after acquiring an additional 35,004 shares in the last quarter. Dimensional Fund Advisors LP grew its stake 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 in the last quarter. Boston Trust Walden Corp grew its stake in shares of Jones Lang LaSalle by 20.4% in the 4th quarter. Boston Trust Walden Corp now owns 710,236 shares of the financial services provider's stock valued at $134,142,000 after buying an additional 120,105 shares in the last quarter. Price T Rowe Associates Inc. MD grew its stake 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 in the last quarter. Finally, Norges Bank bought a new stake in shares of Jones Lang LaSalle in the 4th quarter valued at approximately $97,222,000. Hedge funds and other institutional investors own 94.80% of the company's stock.

Jones Lang LaSalle Stock Performance

Shares of JLL stock traded up $2.49 during trading hours on Tuesday, reaching $206.22. 218,851 shares of the company's stock were exchanged, compared to its average volume of 272,206. Jones Lang LaSalle Incorporated has a fifty-two week low of $119.46 and a fifty-two week high of $213.33. The stock has a market capitalization of $9.81 billion, a P/E ratio of 33.15 and a beta of 1.38. The business has a fifty day moving average price of $200.27 and a 200-day moving average price of $189.04. The company has a quick ratio of 2.35, a current ratio of 2.35 and a debt-to-equity ratio of 0.34.

Jones Lang LaSalle (NYSE:JLL - Get Free Report) last issued its quarterly earnings results on Monday, May 6th. The financial services provider reported $1.78 EPS for the quarter, topping analysts' consensus estimates 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 company had revenue of $5.12 billion during the quarter, compared to analyst estimates of $4.82 billion. During the same period in the previous year, the company earned $0.65 earnings per share. The company's quarterly revenue was up 8.7% compared to the same quarter last year. Analysts predict that Jones Lang LaSalle Incorporated will post 12.36 EPS for the current fiscal year.

Analyst Ratings Changes

JLL has been the subject of several recent research reports. StockNews.com cut Jones Lang LaSalle from a "strong-buy" rating to a "buy" rating in a research note on Friday, June 21st. JPMorgan Chase & Co. boosted their target price on Jones Lang LaSalle from $215.00 to $230.00 and gave the stock an "overweight" rating in a report on Friday, June 21st. Jefferies Financial Group started coverage on Jones Lang LaSalle in a report on Wednesday, April 10th. They issued a "buy" rating and a $246.00 target price for the company. UBS Group boosted their target price on Jones Lang LaSalle from $225.00 to $240.00 and gave the stock a "buy" rating in a report on Wednesday, July 3rd. Finally, Raymond James upgraded Jones Lang LaSalle from an "outperform" rating to a "strong-buy" rating and boosted their target price for the stock from $218.00 to $246.00 in a report on Wednesday, April 3rd. Three analysts have rated the stock with a hold rating, four have given a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and a consensus price target of $223.33.

About Jones Lang LaSalle

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.