Jones Lang LaSalle Incorporated $JLL Shares Bought by Whittier Trust Co.

Whittier Trust Co. raised its holdings in Jones Lang LaSalle Incorporated (NYSE:JLL) by 40.9% in the 2nd quarter, according to its most recent 13F filing with the SEC. The fund owned 217 shares of the financial services provider’s stock after acquiring an additional 63 shares during the period. Whittier Trust Co.’s holdings in Jones Lang LaSalle were worth $56,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also made changes to their positions in JLL. Golden State Wealth Management LLC acquired a new stake in shares of Jones Lang LaSalle during the 1st quarter worth $33,000. Thurston Springer Miller Herd & Titak Inc. increased 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 worth $34,000 after buying an additional 100 shares during the last quarter. SVB Wealth LLC acquired a new stake in shares of Jones Lang LaSalle during the 1st quarter worth $38,000. Brooklyn Investment Group increased its holdings in shares of Jones Lang LaSalle by 142.1% during the 1st quarter. Brooklyn Investment Group now owns 322 shares of the financial services provider’s stock worth $80,000 after buying an additional 189 shares during the last quarter. Finally, Covestor Ltd increased its holdings in shares of Jones Lang LaSalle by 30.4% during the 1st 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. 94.80% of the stock is currently owned by institutional investors and hedge funds.

Jones Lang LaSalle Stock Performance

NYSE:JLL opened at $317.32 on Friday. 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 firm has a 50-day moving average of $303.31 and a two-hundred day moving average of $263.14. The stock has a market cap of $15.03 billion, a P/E ratio of 27.28 and a beta of 1.39. Jones Lang LaSalle Incorporated has a 1-year low of $194.36 and a 1-year high of $322.36.

Jones Lang LaSalle (NYSE:JLL) last posted its quarterly earnings data 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 during the quarter, compared to analysts’ expectations of $6.17 billion. Jones Lang LaSalle had a net margin of 2.28% and a return on equity of 10.63%. The firm’s revenue for the quarter was up 11.0% on a year-over-year basis. During the same period in the prior year, the company posted $2.55 EPS. On average, research analysts expect that Jones Lang LaSalle Incorporated will post 16.45 earnings per share for the current fiscal year.

Analyst Ratings Changes

JLL has been the subject of a number of research analyst reports. Keefe, Bruyette & Woods upped their price objective on Jones Lang LaSalle from $317.00 to $345.00 and gave the stock an “outperform” rating in a report on Thursday, October 9th. JPMorgan Chase & Co. upped their price objective on Jones Lang LaSalle from $285.00 to $372.00 and gave the stock an “overweight” rating in a report on Tuesday, August 26th. The Goldman Sachs Group upped their price target on shares of Jones Lang LaSalle from $338.00 to $378.00 and gave the stock a “buy” rating in a research report on Wednesday, August 13th. Wall Street Zen raised shares of Jones Lang LaSalle from a “hold” rating to a “buy” rating in a research report on Sunday, August 31st. Finally, Weiss Ratings reaffirmed a “hold (c+)” rating on shares of Jones Lang LaSalle in a research report on Wednesday, October 8th. One equities research analyst has rated the stock with a Strong Buy rating, five have given a Buy rating and four have issued a Hold rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target 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.