Jones Lang LaSalle Incorporated (NYSE:JLL) Shares Sold by EverSource Wealth Advisors LLC

EverSource Wealth Advisors LLC trimmed its holdings in shares of Jones Lang LaSalle Incorporated (NYSE:JLL) by 17.7% in the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 473 shares of the financial services provider’s stock after selling 102 shares during the period. EverSource Wealth Advisors LLC’s holdings in Jones Lang LaSalle were worth $97,000 at the end of the most recent reporting period.

Several other hedge funds have also modified their holdings of JLL. Parallel Advisors LLC boosted its position in shares of Jones Lang LaSalle by 3.1% during the 2nd quarter. Parallel Advisors LLC now owns 1,625 shares of the financial services provider’s stock worth $334,000 after purchasing an additional 49 shares in the last quarter. Tandem Capital Management Corp ADV grew its position in Jones Lang LaSalle by 0.4% during the second quarter. Tandem Capital Management Corp ADV now owns 13,747 shares of the financial services provider’s stock worth $2,779,000 after buying an additional 55 shares during the period. CIBC Asset Management Inc increased its holdings in Jones Lang LaSalle by 4.5% in the second quarter. CIBC Asset Management Inc now owns 1,328 shares of the financial services provider’s stock valued at $273,000 after buying an additional 57 shares in the last quarter. Nisa Investment Advisors LLC lifted its position in shares of Jones Lang LaSalle by 0.4% during the 2nd quarter. Nisa Investment Advisors LLC now owns 21,529 shares of the financial services provider’s stock valued at $4,419,000 after acquiring an additional 84 shares during the period. Finally, Janney Montgomery Scott LLC boosted its stake in shares of Jones Lang LaSalle by 1.5% during the 1st quarter. Janney Montgomery Scott LLC now owns 6,607 shares of the financial services provider’s stock worth $1,289,000 after acquiring an additional 96 shares in the last quarter. 94.80% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of analysts have commented on 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 research report on Wednesday, July 3rd. JPMorgan Chase & Co. increased their price objective on shares of Jones Lang LaSalle from $215.00 to $230.00 and gave the company an “overweight” rating in a research note on Friday, June 21st. Raymond James lifted their target price on shares of 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 upgraded shares of Jones Lang LaSalle from a “buy” rating to a “strong-buy” rating in a research report on Friday, September 13th. Finally, Keefe, Bruyette & Woods lifted their price objective on Jones Lang LaSalle from $240.00 to $250.00 and gave the stock a “market perform” rating in a research report on Thursday, August 8th. Two research analysts have rated the stock with a hold rating, three have given a buy rating and two have issued a strong buy rating to the company’s stock. According to MarketBeat, Jones Lang LaSalle currently has a consensus rating of “Buy” and a consensus price target of $246.80.

Jones Lang LaSalle Stock Up 1.9 %

JLL stock opened at $272.26 on Friday. Jones Lang LaSalle Incorporated has a one year low of $119.46 and a one year high of $273.17. The stock has a market capitalization of $12.95 billion, a P/E ratio of 43.77 and a beta of 1.37. The company has a 50 day moving average price of $248.89 and a two-hundred day moving average price of $214.71. The company has a debt-to-equity ratio of 0.31, a quick ratio of 2.58 and a current ratio of 2.58.

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

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.