Bessemer Group Inc. Sells 2,372 Shares of Jones Lang LaSalle Incorporated $JLL

Bessemer Group Inc. reduced its stake in shares of Jones Lang LaSalle Incorporated (NYSE:JLL) by 42.3% in the second quarter, HoldingsChannel.com reports. The fund owned 3,237 shares of the financial services provider’s stock after selling 2,372 shares during the quarter. Bessemer Group Inc.’s holdings in Jones Lang LaSalle were worth $828,000 at the end of the most recent reporting period.

A number of other institutional investors have also added to or reduced their stakes in JLL. Chilton Capital Management LLC bought a new stake in Jones Lang LaSalle during the second quarter worth about $26,000. Thurston Springer Miller Herd & Titak Inc. raised its holdings in shares of Jones Lang LaSalle by 322.6% during the 2nd quarter. Thurston Springer Miller Herd & Titak Inc. now owns 131 shares of the financial services provider’s stock valued at $34,000 after buying an additional 100 shares in the last quarter. SVB Wealth LLC bought a new stake in Jones Lang LaSalle in the 1st quarter worth approximately $38,000. Whittier Trust Co. boosted its stake in Jones Lang LaSalle by 40.9% in the second quarter. Whittier Trust Co. now owns 217 shares of the financial services provider’s stock worth $56,000 after buying an additional 63 shares in the last quarter. Finally, Brooklyn Investment Group grew its position in Jones Lang LaSalle by 142.1% during the first quarter. Brooklyn Investment Group now owns 322 shares of the financial services provider’s stock valued at $80,000 after acquiring an additional 189 shares during the last quarter. Institutional investors own 94.80% of the company’s stock.

Jones Lang LaSalle Stock Up 0.3%

NYSE JLL opened at $305.13 on Friday. Jones Lang LaSalle Incorporated has a 1 year low of $194.36 and a 1 year high of $322.36. The stock has a market capitalization of $14.46 billion, a PE ratio of 26.24 and a beta of 1.39. The company has a debt-to-equity ratio of 0.16, a current ratio of 2.35 and a quick ratio of 2.35. The business’s 50-day moving average is $304.39 and its 200 day moving average is $266.65.

Jones Lang LaSalle (NYSE:JLL) last released its quarterly earnings results on Wednesday, August 6th. The financial services provider reported $3.30 EPS for the quarter, beating analysts’ consensus estimates of $3.20 by $0.10. The business had revenue of $6.25 billion during the quarter, compared to analyst estimates of $6.17 billion. Jones Lang LaSalle had a return on equity of 10.63% and a net margin of 2.28%.Jones Lang LaSalle’s quarterly revenue was up 11.0% compared to the same quarter last year. During the same quarter in the prior year, the company posted $2.55 EPS. Sell-side analysts forecast that Jones Lang LaSalle Incorporated will post 16.45 earnings per share for the current year.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently weighed in on JLL shares. Citizens Jmp started coverage on shares of Jones Lang LaSalle in a report on Monday, July 21st. They issued a “market perform” rating for the company. Keefe, Bruyette & Woods boosted their price target on shares of Jones Lang LaSalle from $317.00 to $345.00 and gave the stock an “outperform” rating in a research note on Thursday, October 9th. Weiss Ratings reaffirmed a “hold (c+)” rating on shares of Jones Lang LaSalle in a research note on Wednesday, October 8th. Wall Street Zen raised Jones Lang LaSalle from a “hold” rating to a “buy” rating in a research note on Sunday, August 31st. Finally, JPMorgan Chase & Co. raised their price target on Jones Lang LaSalle from $285.00 to $372.00 and gave the stock an “overweight” rating in a research report on Tuesday, August 26th. One equities research analyst has rated the stock with a Strong Buy rating, five have given a Buy rating and four have assigned a Hold rating to the stock. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average target price of $338.29.

Jones Lang LaSalle 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.