Blair William & Co. IL Boosts Holdings in Jones Lang LaSalle Incorporated (NYSE:JLL)

Blair William & Co. IL increased its stake in Jones Lang LaSalle Incorporated (NYSE:JLL) by 2.8% in the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 48,172 shares of the financial services provider’s stock after buying an additional 1,330 shares during the period. Blair William & Co. IL’s holdings in Jones Lang LaSalle were worth $9,889,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also bought and sold shares of JLL. SG Americas Securities LLC lifted its position in Jones Lang LaSalle by 368.4% during the first quarter. SG Americas Securities LLC now owns 21,006 shares of the financial services provider’s stock valued at $4,098,000 after buying an additional 16,521 shares during the period. Retirement Systems of Alabama boosted its stake in Jones Lang LaSalle by 25.5% during the first quarter. Retirement Systems of Alabama now owns 89,283 shares of the financial services provider’s stock worth $17,418,000 after acquiring an additional 18,156 shares in the last quarter. Allianz Asset Management GmbH grew its holdings in Jones Lang LaSalle by 112.2% in the fourth quarter. Allianz Asset Management GmbH now owns 60,729 shares of the financial services provider’s stock worth $11,470,000 after purchasing an additional 32,104 shares during the period. Harbor Capital Advisors Inc. increased its stake in shares of Jones Lang LaSalle by 433.3% during the second quarter. Harbor Capital Advisors Inc. now owns 11,546 shares of the financial services provider’s stock valued at $2,370,000 after purchasing an additional 9,381 shares in the last quarter. Finally, BDF Gestion purchased a new position in shares of Jones Lang LaSalle during the second quarter valued at approximately $3,550,000. 94.80% of the stock is currently owned by hedge funds and other institutional investors.

Jones Lang LaSalle Stock Down 0.3 %

JLL opened at $262.58 on Friday. Jones Lang LaSalle Incorporated has a twelve month low of $119.46 and a twelve month high of $265.63. The company has a quick ratio of 2.58, a current ratio of 2.58 and a debt-to-equity ratio of 0.31. The firm has a 50 day moving average price of $245.14 and a 200-day moving average price of $211.96. The stock has a market capitalization of $12.49 billion, a price-to-earnings ratio of 42.22 and a beta of 1.37.

Jones Lang LaSalle (NYSE:JLL) last released its quarterly earnings results on Tuesday, August 6th. The financial services provider reported $2.55 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.30 by $0.25. The firm had revenue of $5.63 billion for the quarter, compared to the consensus estimate of $5.48 billion. Jones Lang LaSalle had a return on equity of 8.03% and a net margin of 1.76%. The company’s revenue for the quarter was up 11.4% on a year-over-year basis. During the same period last year, the business posted $0.50 EPS. Equities research analysts forecast that Jones Lang LaSalle Incorporated will post 12.54 earnings per share for the current year.

Wall Street Analyst Weigh In

A number of research firms recently weighed in on JLL. Keefe, Bruyette & Woods raised their price objective on Jones Lang LaSalle from $240.00 to $250.00 and gave the company a “market perform” rating in a research report on Thursday, August 8th. Raymond James lifted their price target on Jones Lang LaSalle from $246.00 to $268.00 and gave the stock a “strong-buy” rating in a research report on Thursday, July 25th. StockNews.com raised shares of Jones Lang LaSalle from a “buy” rating to a “strong-buy” rating in a research report on Friday, September 13th. JPMorgan Chase & Co. lifted their target price on shares of Jones Lang LaSalle from $215.00 to $230.00 and gave the stock an “overweight” rating in a report on Friday, June 21st. Finally, UBS Group increased their price target on shares of Jones Lang LaSalle from $225.00 to $240.00 and gave the company a “buy” rating in a report on Wednesday, July 3rd. Two research analysts have rated the stock with a hold rating, three have assigned a buy rating and two have assigned a strong buy rating to the company. Based on data from MarketBeat, the company has an average rating of “Buy” and an average price target of $246.80.

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.