Landsberg Bennett & Dubbaneh LLC Has $2.18 Million Stake in Jones Lang LaSalle Inc (NYSE:JLL)

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Landsberg Bennett & Dubbaneh LLC decreased its position in Jones Lang LaSalle Inc (NYSE:JLL) by 0.9% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 15,639 shares of the financial services provider’s stock after selling 135 shares during the quarter. Landsberg Bennett & Dubbaneh LLC’s holdings in Jones Lang LaSalle were worth $2,179,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the business. Treasurer of the State of North Carolina raised its stake in shares of Jones Lang LaSalle by 0.3% in the 2nd quarter. Treasurer of the State of North Carolina now owns 23,152 shares of the financial services provider’s stock valued at $3,257,000 after purchasing an additional 78 shares during the period. Covington Capital Management raised its stake in shares of Jones Lang LaSalle by 32.4% in the 2nd quarter. Covington Capital Management now owns 331 shares of the financial services provider’s stock valued at $47,000 after purchasing an additional 81 shares during the period. Assetmark Inc. raised its stake in shares of Jones Lang LaSalle by 12.5% in the 2nd quarter. Assetmark Inc. now owns 872 shares of the financial services provider’s stock valued at $123,000 after purchasing an additional 97 shares during the period. ETRADE Capital Management LLC raised its stake in shares of Jones Lang LaSalle by 3.2% in the 2nd quarter. ETRADE Capital Management LLC now owns 3,578 shares of the financial services provider’s stock valued at $503,000 after purchasing an additional 111 shares during the period. Finally, AGF Investments Inc. raised its stake in shares of Jones Lang LaSalle by 6.2% in the 2nd quarter. AGF Investments Inc. now owns 1,954 shares of the financial services provider’s stock valued at $275,000 after purchasing an additional 114 shares during the period. 82.38% of the stock is currently owned by hedge funds and other institutional investors.

Several analysts have issued reports on JLL shares. JPMorgan Chase & Co. started coverage on Jones Lang LaSalle in a research note on Wednesday, July 17th. They issued an “overweight” rating and a $140.23 price target on the stock. DA Davidson started coverage on Jones Lang LaSalle in a research note on Thursday, July 11th. They issued a “buy” rating on the stock. Compass Point started coverage on Jones Lang LaSalle in a research note on Wednesday, July 10th. They issued a “buy” rating and a $180.00 price target on the stock. Finally, UBS Group lifted their price target on Jones Lang LaSalle from $175.00 to $178.00 and gave the company a “buy” rating in a research note on Monday, August 12th. Two research analysts have rated the stock with a sell rating, three have issued a hold rating and eight have issued a buy rating to the company’s stock. The company currently has an average rating of “Hold” and a consensus target price of $173.91.

Shares of NYSE JLL traded up $4.73 during mid-day trading on Friday, hitting $139.88. The company had a trading volume of 12,304 shares, compared to its average volume of 275,284. The company has a market capitalization of $6.81 billion, a PE ratio of 11.42, a price-to-earnings-growth ratio of 1.21 and a beta of 1.75. The firm has a 50-day simple moving average of $135.94 and a two-hundred day simple moving average of $140.41. The company has a current ratio of 1.95, a quick ratio of 1.95 and a debt-to-equity ratio of 0.44. Jones Lang LaSalle Inc has a one year low of $119.79 and a one year high of $173.32.

Jones Lang LaSalle (NYSE:JLL) last announced its quarterly earnings data on Tuesday, August 6th. The financial services provider reported $2.94 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $2.33 by $0.61. The company had revenue of $2.35 billion during the quarter, compared to analysts’ expectations of $2.28 billion. Jones Lang LaSalle had a return on equity of 15.79% and a net margin of 2.76%. Jones Lang LaSalle’s revenue for the quarter was up 8.5% compared to the same quarter last year. During the same quarter last year, the company earned $2.26 EPS. Sell-side analysts expect that Jones Lang LaSalle Inc will post 12.13 earnings per share for the current fiscal year.

Jones Lang LaSalle Company Profile

Jones Lang LaSalle Incorporated, a professional services company, provides commercial real estate and investment management services worldwide. It offers a range of real estate services, including agency leasing, logistics and supply-chain management, corporate finance, mortgage origination and servicing, debt placement, project and development management/design, digital, property management, energy and sustainability, real estate investment banking, integrated facilities management, research, investment management and advisory, strategic consulting and advisory, investment sale, tenant representation, lease administration, and valuations.

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Institutional Ownership by Quarter for Jones Lang LaSalle (NYSE:JLL)

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