WCM Investment Management LLC Lowers Position in Jones Lang LaSalle Inc (NYSE:JLL)

WCM Investment Management LLC cut its holdings in shares of Jones Lang LaSalle Inc (NYSE:JLL) by 2.9% in the second quarter, HoldingsChannel.com reports. The firm owned 109,407 shares of the financial services provider’s stock after selling 3,310 shares during the quarter. WCM Investment Management LLC’s holdings in Jones Lang LaSalle were worth $15,392,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also added to or reduced their stakes in JLL. Steward Partners Investment Advisory LLC purchased a new position in shares of Jones Lang LaSalle during the 2nd quarter worth $25,000. Cullen Frost Bankers Inc. grew its holdings in shares of Jones Lang LaSalle by 9,100.0% during the 2nd quarter. Cullen Frost Bankers Inc. now owns 184 shares of the financial services provider’s stock worth $26,000 after purchasing an additional 182 shares during the period. Advisory Services Network LLC grew its holdings in shares of Jones Lang LaSalle by 268.5% during the 2nd quarter. Advisory Services Network LLC now owns 199 shares of the financial services provider’s stock worth $28,000 after purchasing an additional 145 shares during the period. Parallel Advisors LLC grew its holdings in shares of Jones Lang LaSalle by 62.2% during the 1st quarter. Parallel Advisors LLC now owns 232 shares of the financial services provider’s stock worth $36,000 after purchasing an additional 89 shares during the period. Finally, Hanson & Doremus Investment Management purchased a new position in shares of Jones Lang LaSalle during the 1st quarter worth $39,000. Institutional investors and hedge funds own 81.99% of the company’s stock.

A number of equities analysts have recently weighed in on JLL shares. Goldman Sachs Group upgraded Jones Lang LaSalle from a “neutral” rating to a “buy” rating and increased their price target for the stock from $183.00 to $206.00 in a report on Friday, May 10th. Zacks Investment Research cut Jones Lang LaSalle from a “buy” rating to a “hold” rating in a report on Tuesday, May 14th. ValuEngine cut Jones Lang LaSalle from a “hold” rating to a “sell” rating in a report on Wednesday, May 8th. DA Davidson started coverage on Jones Lang LaSalle in a report on Thursday, July 11th. They set a “buy” rating for the company. Finally, JPMorgan Chase & Co. started coverage on Jones Lang LaSalle in a report on Wednesday, July 17th. They set an “overweight” rating and a $140.23 target price for the company. Two research analysts have rated the stock with a sell rating, three have assigned a hold rating and eight have assigned a buy rating to the stock. Jones Lang LaSalle presently has an average rating of “Hold” and an average target price of $173.91.

Jones Lang LaSalle stock traded down $1.37 during midday trading on Thursday, reaching $135.86. 6,739 shares of the stock traded hands, compared to its average volume of 398,782. The company has a 50-day simple moving average of $139.79 and a two-hundred day simple moving average of $146.07. Jones Lang LaSalle Inc has a 12-month low of $119.79 and a 12-month high of $173.32. The firm has a market cap of $7.06 billion, a PE ratio of 11.08, a price-to-earnings-growth ratio of 1.24 and a beta of 1.75. The company has a current ratio of 1.95, a quick ratio of 1.95 and a debt-to-equity ratio of 0.44.

Jones Lang LaSalle (NYSE:JLL) last announced its earnings results on Tuesday, August 6th. The financial services provider reported $2.94 EPS for the quarter, beating analysts’ consensus estimates of $2.33 by $0.61. Jones Lang LaSalle had a return on equity of 15.79% and a net margin of 2.76%. The company had revenue of $2.35 billion during the quarter, compared to analysts’ expectations of $2.28 billion. During the same period last year, the business posted $2.26 EPS. Jones Lang LaSalle’s revenue for the quarter was up 8.5% on a year-over-year basis. Equities research analysts anticipate that Jones Lang LaSalle Inc will post 12.13 earnings per share for the current year.

Jones Lang LaSalle Profile

Jones Lang LaSalle Incorporated, a professional services company, provides commercial real estate and investment management services worldwide. It offers a range of real estate services, including agency leasing, logistics and supply-chain management, corporate finance, mortgage origination and servicing, debt placement, project and development management/design, digital, property management, energy and sustainability, real estate investment banking, integrated facilities management, research, investment management and advisory, strategic consulting and advisory, investment sale, tenant representation, lease administration, and valuations.

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Institutional Ownership by Quarter for Jones Lang LaSalle (NYSE:JLL)

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