Linden Thomas Advisory Services LLC Sells 193 Shares of Jones Lang LaSalle Incorporated $JLL

Linden Thomas Advisory Services LLC reduced its position in shares of Jones Lang LaSalle Incorporated (NYSE:JLL) by 2.8% in the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 6,715 shares of the financial services provider’s stock after selling 193 shares during the quarter. Linden Thomas Advisory Services LLC’s holdings in Jones Lang LaSalle were worth $1,718,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. EdgePoint Investment Group Inc. raised its holdings in Jones Lang LaSalle by 11.9% during the 1st quarter. EdgePoint Investment Group Inc. now owns 1,835,344 shares of the financial services provider’s stock worth $455,000,000 after purchasing an additional 195,818 shares during the last quarter. Select Equity Group L.P. raised its holdings in Jones Lang LaSalle by 50.7% during the 1st quarter. Select Equity Group L.P. now owns 1,062,069 shares of the financial services provider’s stock worth $263,298,000 after purchasing an additional 357,469 shares during the last quarter. Invesco Ltd. raised its holdings in Jones Lang LaSalle by 1.8% during the 1st quarter. Invesco Ltd. now owns 961,959 shares of the financial services provider’s stock worth $238,479,000 after purchasing an additional 17,336 shares during the last quarter. Swedbank AB raised its holdings in Jones Lang LaSalle by 115.0% during the 2nd quarter. Swedbank AB now owns 938,149 shares of the financial services provider’s stock worth $239,960,000 after purchasing an additional 501,716 shares during the last quarter. Finally, Northern Trust Corp raised its holdings in Jones Lang LaSalle by 21.6% during the 1st quarter. Northern Trust Corp now owns 548,227 shares of the financial services provider’s stock worth $135,911,000 after purchasing an additional 97,492 shares during the last quarter. 94.80% of the stock is owned by institutional investors.

Jones Lang LaSalle Trading Up 0.3%

Shares of Jones Lang LaSalle stock opened at $317.32 on Friday. Jones Lang LaSalle Incorporated has a 12-month low of $194.36 and a 12-month high of $322.36. The stock has a market cap of $15.03 billion, a P/E ratio of 27.28 and a beta of 1.39. The company has a quick ratio of 2.35, a current ratio of 2.35 and a debt-to-equity ratio of 0.16. The business’s 50 day moving average is $303.31 and its 200-day moving average is $263.52.

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

Wall Street Analyst Weigh In

JLL has been the subject of several analyst reports. JPMorgan Chase & Co. boosted their target price 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. JMP Securities initiated coverage on Jones Lang LaSalle in a research report on Monday, July 21st. They set a “market perform” rating for the company. Weiss Ratings restated a “hold (c+)” rating on shares of Jones Lang LaSalle in a research report on Saturday. Citizens Jmp initiated coverage on Jones Lang LaSalle in a research report on Monday, July 21st. They set a “market perform” rating for the company. Finally, UBS Group boosted their target price on Jones Lang LaSalle from $340.00 to $360.00 and gave the stock a “buy” rating in a research report on Friday, October 10th. One research analyst has rated the stock with a Strong Buy rating, five have issued a Buy rating and four have issued a Hold rating to the stock. Based on data from MarketBeat, Jones Lang LaSalle currently has an average rating of “Moderate Buy” and a consensus target price of $338.29.

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.