FMR LLC & Abigail Johnson Hold 8.44% Stake in JLL
Ticker: JLL · Form: SC 13G/A · Filed: Feb 9, 2024 · CIK: 1037976
| Field | Detail |
|---|---|
| Company | Jones Lang Lasalle INC (JLL) |
| Form Type | SC 13G/A |
| Filed Date | Feb 9, 2024 |
| Risk Level | low |
| Sentiment | bullish |
Complexity: simple
Sentiment: bullish
Topics: institutional-ownership, passive-investment, amendment, real-estate
TL;DR
**FMR LLC and Abigail Johnson still own 8.44% of JLL, a bullish sign for the stock.**
AI Summary
FMR LLC, a major investment firm, and its principal owner, Abigail P. Johnson, have updated their ownership stake in Jones Lang LaSalle Inc. (JLL) through an SC 13G/A filing on February 9, 2024. They now collectively beneficially own 4,015,399 shares of JLL's common stock, representing 8.440% of the company. This filing indicates a significant, albeit passive, investment by FMR LLC, signaling their continued confidence in JLL's real estate business, which could be a positive sign for current and prospective JLL shareholders.
Why It Matters
This filing shows a major institutional investor, FMR LLC, and its leader, Abigail P. Johnson, maintain a substantial stake in JLL, which can be interpreted as a vote of confidence in the company's future performance.
Risk Assessment
Risk Level: low — This filing is an amendment to a passive ownership report, indicating no immediate change in control or strategy, thus posing low risk.
Analyst Insight
A smart investor would view this sustained significant ownership by FMR LLC as a positive signal, suggesting confidence in JLL's long-term value, and might consider JLL for a long-term holding in their portfolio.
Key Numbers
- 4,015,399 — Shares Beneficially Owned (Total common stock shares of JONES LANG LASALLE INC beneficially owned by FMR LLC and Abigail P. Johnson.)
- 8.440% — Percent of Class (The percentage of JONES LANG LASALLE INC's common stock class beneficially owned by FMR LLC and Abigail P. Johnson.)
Key Players & Entities
- FMR LLC (company) — reporting person and parent holding company
- Abigail P. Johnson (person) — reporting person and principal owner of FMR LLC
- JONES LANG LASALLE INC (company) — the issuer of the securities
- Chicago, IL (location) — principal executive offices of JONES LANG LASALLE INC
- Boston, MA (location) — principal business office of FMR LLC
Forward-Looking Statements
- FMR LLC will maintain a significant, passive stake in JONES LANG LASALLE INC for the foreseeable future. (FMR LLC) — high confidence, target: 2025-02-09
- JONES LANG LASALLE INC's stock price will likely see continued stability or slight positive sentiment due to sustained institutional interest. (JONES LANG LASALLE INC) — medium confidence, target: 2024-08-09
FAQ
Who are the reporting persons in this SC 13G/A filing?
The reporting persons are FMR LLC and Abigail P. Johnson, as stated in Item 1 of the filing for both entities.
What is the total number of shares of JONES LANG LASALLE INC common stock beneficially owned by FMR LLC and Abigail P. Johnson?
According to Item 4(a) and Item 7 for both reporting persons, they beneficially own 4,015,399 shares of JONES LANG LASALLE INC common stock.
What percentage of JONES LANG LASALLE INC's common stock class do the reporting persons own?
Item 4(b) and Item 11 for both reporting persons indicate they own 8.440% of the class of JONES LANG LASALLE INC common stock.
What is the CUSIP number for JONES LANG LASALLE INC common stock?
The CUSIP number for JONES LANG LASALLE INC common stock is #48020Q107, as listed in the filing.
Under which rule is this Schedule 13G filed?
This Schedule 13G is filed pursuant to Rule 13d-1(b), as indicated by the 'x' in the appropriate box and the statement in Item 3.
Filing Details
This Form SC 13G/A (Form SC 13G/A) was filed with the SEC on February 9, 2024 by Abigail P. Johnson regarding JONES LANG LASALLE INC (JLL).