Jones Lang LaSalle Incorporated $JLL Shares Sold by Campbell & CO Investment Adviser LLC

Campbell & CO Investment Adviser LLC trimmed its position in Jones Lang LaSalle Incorporated (NYSE:JLL) by 22.9% during the second quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 4,132 shares of the financial services provider’s stock after selling 1,226 shares during the quarter. Campbell & CO Investment Adviser LLC’s holdings in Jones Lang LaSalle were worth $1,057,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently modified their holdings of JLL. EdgePoint Investment Group Inc. raised its stake in Jones Lang LaSalle by 11.9% in the first quarter. EdgePoint Investment Group Inc. now owns 1,835,344 shares of the financial services provider’s stock valued at $455,000,000 after buying an additional 195,818 shares in the last quarter. Select Equity Group L.P. raised its position in shares of 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 acquiring an additional 357,469 shares in the last quarter. Invesco Ltd. lifted its stake in Jones Lang LaSalle by 1.8% during the first 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 boosted its holdings in Jones Lang LaSalle by 115.0% in the second quarter. Swedbank AB now owns 938,149 shares of the financial services provider’s stock valued at $239,960,000 after purchasing an additional 501,716 shares in the last quarter. Finally, Northern Trust Corp increased its stake in Jones Lang LaSalle by 21.6% in the first quarter. Northern Trust Corp now owns 548,227 shares of the financial services provider’s stock valued at $135,911,000 after purchasing an additional 97,492 shares during the last quarter. Institutional investors and hedge funds own 94.80% of the company’s stock.

Jones Lang LaSalle Price Performance

Shares of NYSE JLL opened at $306.67 on Thursday. The company has a debt-to-equity ratio of 0.16, a quick ratio of 2.35 and a current ratio of 2.35. Jones Lang LaSalle Incorporated has a one year low of $194.36 and a one year high of $322.36. The firm has a market capitalization of $14.53 billion, a P/E ratio of 26.37 and a beta of 1.46. The company’s fifty day moving average is $303.50 and its two-hundred day moving average is $271.72.

Jones Lang LaSalle (NYSE:JLL) last announced its quarterly earnings data on Wednesday, November 5th. The financial services provider reported $4.50 EPS for the quarter, beating the consensus estimate of $4.24 by $0.26. The firm had revenue of $6.51 billion during the quarter, compared to analysts’ expectations of $6.49 billion. Jones Lang LaSalle had a net margin of 2.28% and a return on equity of 10.63%. The business’s revenue for the quarter was up 10.9% compared to the same quarter last year. During the same quarter last year, the business earned $3.50 earnings per share. Analysts forecast that Jones Lang LaSalle Incorporated will post 16.45 EPS for the current fiscal year.

Analyst Ratings Changes

Several research analysts have recently issued reports on JLL shares. Citizens Jmp began coverage on shares of Jones Lang LaSalle in a report on Monday, July 21st. They issued a “market perform” rating for the company. JPMorgan Chase & Co. boosted their price objective on Jones Lang LaSalle from $285.00 to $372.00 and gave the company an “overweight” rating in a research note on Tuesday, August 26th. Keefe, Bruyette & Woods raised their target price on shares of Jones Lang LaSalle from $317.00 to $345.00 and gave the stock an “outperform” rating in a research report on Thursday, October 9th. JMP Securities initiated coverage on shares of Jones Lang LaSalle in a research report on Monday, July 21st. They issued a “market perform” rating for the company. Finally, UBS Group raised their price objective on shares of 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 analyst has rated the stock with a Strong Buy rating, five have assigned a Buy rating and four have assigned a Hold rating to the stock. Based on data from MarketBeat.com, the company presently has an average 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.