Jones Lang LaSalle Incorporated $JLL Holdings Decreased by Stephens Inc. AR

Stephens Inc. AR decreased its position in shares of Jones Lang LaSalle Incorporated (NYSE:JLL) by 26.6% in the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 1,683 shares of the financial services provider’s stock after selling 611 shares during the period. Stephens Inc. AR’s holdings in Jones Lang LaSalle were worth $430,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently bought and sold shares of the company. GAMMA Investing LLC boosted its position in Jones Lang LaSalle by 6.0% during the second quarter. GAMMA Investing LLC now owns 908 shares of the financial services provider’s stock valued at $232,000 after purchasing an additional 51 shares during the last quarter. CWC Advisors LLC. lifted its position in shares of Jones Lang LaSalle by 2.9% in the second quarter. CWC Advisors LLC. now owns 2,195 shares of the financial services provider’s stock worth $561,000 after buying an additional 61 shares during the last quarter. Mackenzie Financial Corp lifted its position in shares of Jones Lang LaSalle by 4.2% in the first quarter. Mackenzie Financial Corp now owns 1,610 shares of the financial services provider’s stock worth $399,000 after buying an additional 65 shares during the last quarter. Vanguard Personalized Indexing Management LLC lifted its position in shares of Jones Lang LaSalle by 0.8% in the second quarter. Vanguard Personalized Indexing Management LLC now owns 8,889 shares of the financial services provider’s stock worth $2,274,000 after buying an additional 73 shares during the last quarter. Finally, Covestor Ltd lifted its position in shares of Jones Lang LaSalle by 30.4% in the first quarter. Covestor Ltd now owns 335 shares of the financial services provider’s stock worth $83,000 after buying an additional 78 shares during the last quarter. Institutional investors and hedge funds own 94.80% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities analysts recently weighed in on JLL shares. JMP Securities started coverage on Jones Lang LaSalle in a research report on Monday, July 21st. They set a “market perform” rating for the company. Keefe, Bruyette & Woods boosted their price objective on Jones Lang LaSalle from $317.00 to $345.00 and gave the stock an “outperform” rating in a research report on Thursday, October 9th. Wall Street Zen raised Jones Lang LaSalle from a “hold” rating to a “buy” rating in a research report on Sunday, August 31st. Citizens Jmp started coverage on Jones Lang LaSalle in a research report on Monday, July 21st. They set a “market perform” rating for the company. Finally, Weiss Ratings reissued a “hold (c+)” rating on shares of Jones Lang LaSalle in a research report on Saturday. One investment analyst has rated the stock with a Strong Buy rating, five have issued a Buy rating and four have assigned a Hold rating to the company. Based on data from MarketBeat, Jones Lang LaSalle currently has an average rating of “Moderate Buy” and an average target price of $338.29.

Jones Lang LaSalle Stock Up 0.3%

Shares of JLL opened at $317.32 on Friday. The firm has a market capitalization of $15.03 billion, a price-to-earnings ratio of 27.28 and a beta of 1.39. The company has a debt-to-equity ratio of 0.16, a quick ratio of 2.35 and a current ratio of 2.35. The business’s fifty day moving average price is $303.31 and its two-hundred day moving average price is $263.52. Jones Lang LaSalle Incorporated has a 52 week low of $194.36 and a 52 week high of $322.36.

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