Truist Financial Corp Acquires 1,661 Shares of Jones Lang LaSalle Incorporated (NYSE:JLL)

Truist Financial Corp raised its holdings in shares of Jones Lang LaSalle Incorporated (NYSE:JLL) by 58.9% in the 2nd quarter, according to its most recent 13F filing with the SEC. The fund owned 4,482 shares of the financial services provider’s stock after acquiring an additional 1,661 shares during the period. Truist Financial Corp’s holdings in Jones Lang LaSalle were worth $920,000 at the end of the most recent reporting period.

A number of other large investors also recently made changes to their positions in JLL. Rise Advisors LLC bought a new stake in Jones Lang LaSalle in the 1st quarter valued at approximately $30,000. Innealta Capital LLC bought a new position in Jones Lang LaSalle during the second quarter worth about $34,000. Atlas Capital Advisors LLC acquired a new position in Jones Lang LaSalle during the first quarter worth approximately $35,000. Riverview Trust Co bought a new stake in Jones Lang LaSalle in the 1st quarter valued at $38,000. Finally, Mather Group LLC. grew its stake in Jones Lang LaSalle by 446.9% in the 2nd quarter. Mather Group LLC. now owns 268 shares of the financial services provider’s stock valued at $52,000 after buying an additional 219 shares during the last quarter. Institutional investors and hedge funds own 94.80% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities research analysts recently issued reports on JLL shares. UBS Group increased their price target 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. StockNews.com raised Jones Lang LaSalle from a “buy” rating to a “strong-buy” rating in a report on Friday, September 13th. Raymond James lifted their price target on Jones Lang LaSalle from $246.00 to $268.00 and gave the company a “strong-buy” rating in a research note on Thursday, July 25th. JPMorgan Chase & Co. raised their price objective on shares of Jones Lang LaSalle from $215.00 to $230.00 and gave the company an “overweight” rating in a report on Friday, June 21st. Finally, Keefe, Bruyette & Woods raised their target price 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 equities research analysts have rated the stock with a hold rating, three have issued a buy rating and two have issued a strong buy rating to the company. According to data from MarketBeat.com, the stock currently has an average rating of “Buy” and an average target price of $246.80.

Jones Lang LaSalle Trading Up 0.9 %

NYSE:JLL opened at $267.16 on Tuesday. The firm has a fifty day simple moving average of $254.25 and a two-hundred day simple moving average of $221.45. Jones Lang LaSalle Incorporated has a 12 month low of $119.46 and a 12 month high of $273.82. The stock has a market capitalization of $12.71 billion, a price-to-earnings ratio of 42.95 and a beta of 1.37. The company has a current ratio of 2.58, a quick ratio of 2.58 and a debt-to-equity ratio of 0.31.

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

Jones Lang LaSalle Company Profile

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.