Hsbc Holdings PLC Boosts Stock Position in Jones Lang LaSalle Incorporated $JLL

Hsbc Holdings PLC grew its stake in Jones Lang LaSalle Incorporated (NYSE:JLL) by 93.1% in the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 16,557 shares of the financial services provider’s stock after acquiring an additional 7,983 shares during the quarter. Hsbc Holdings PLC’s holdings in Jones Lang LaSalle were worth $5,583,000 as of its most recent SEC filing.

Other institutional investors have also modified their holdings of the company. Greenleaf Trust boosted its holdings in Jones Lang LaSalle by 1.8% in the 4th quarter. Greenleaf Trust now owns 1,668 shares of the financial services provider’s stock valued at $561,000 after purchasing an additional 30 shares during the period. Assetmark Inc. increased its holdings in shares of Jones Lang LaSalle by 15.8% during the fourth quarter. Assetmark Inc. now owns 220 shares of the financial services provider’s stock worth $74,000 after purchasing an additional 30 shares during the period. IFP Advisors Inc raised its position in shares of Jones Lang LaSalle by 7.9% in the third quarter. IFP Advisors Inc now owns 544 shares of the financial services provider’s stock valued at $162,000 after buying an additional 40 shares in the last quarter. UMB Bank n.a. boosted its stake in shares of Jones Lang LaSalle by 10.6% in the fourth quarter. UMB Bank n.a. now owns 490 shares of the financial services provider’s stock valued at $165,000 after buying an additional 47 shares during the period. Finally, Ballentine Partners LLC increased its stake in Jones Lang LaSalle by 5.3% during the 4th quarter. Ballentine Partners LLC now owns 951 shares of the financial services provider’s stock worth $320,000 after acquiring an additional 48 shares during the period. Hedge funds and other institutional investors own 94.80% of the company’s stock.

Analyst Ratings Changes

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

Insider Buying and Selling at Jones Lang LaSalle

In other news, Director Larry Quinlan sold 402 shares of the company’s stock in a transaction on Friday, June 12th. The shares were sold at an average price of $301.73, for a total transaction of $121,295.46. Following the completion of the transaction, the director directly owned 4,369 shares in the company, valued at approximately $1,318,258.37. This represents a 8.43% decrease in their ownership of the stock. The sale was disclosed in a 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. Insiders own 0.91% of the company’s stock.

Jones Lang LaSalle Stock Performance

NYSE:JLL opened at $324.51 on Friday. Jones Lang LaSalle Incorporated has a twelve month low of $246.07 and a twelve month high of $363.06. The company has a quick ratio of 2.35, a current ratio of 2.35 and a debt-to-equity ratio of 0.15. The stock’s 50-day simple moving average is $305.13 and its 200 day simple moving average is $318.51. The firm has a market capitalization of $15.05 billion, a PE ratio of 17.45 and a beta of 1.27.

Jones Lang LaSalle (NYSE:JLL) last posted its quarterly earnings results 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 company had revenue of $6.39 billion for 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 firm’s quarterly revenue was up 11.1% compared to the same quarter last year. During the same period last year, the company posted $2.31 EPS. On average, analysts anticipate that Jones Lang LaSalle Incorporated will post 22.84 EPS for the current fiscal year.

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.