Seeyond Sells 435 Shares of Jones Lang LaSalle Inc (NYSE:JLL)

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Seeyond lowered its holdings in Jones Lang LaSalle Inc (NYSE:JLL) by 6.5% in the second quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 6,273 shares of the financial services provider’s stock after selling 435 shares during the period. Seeyond’s holdings in Jones Lang LaSalle were worth $883,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also bought and sold shares of the business. Meadow Creek Investment Management LLC lifted its holdings in shares of Jones Lang LaSalle by 32.3% during the 2nd quarter. Meadow Creek Investment Management LLC now owns 4,848 shares of the financial services provider’s stock worth $682,000 after acquiring an additional 1,184 shares during the period. Tyers Asset Management LLC lifted its holdings in shares of Jones Lang LaSalle by 32.3% during the 2nd quarter. Tyers Asset Management LLC now owns 8,484 shares of the financial services provider’s stock worth $1,194,000 after acquiring an additional 2,072 shares during the period. Flinton Capital Management LLC lifted its holdings in shares of Jones Lang LaSalle by 32.3% during the 2nd quarter. Flinton Capital Management LLC now owns 10,302 shares of the financial services provider’s stock worth $1,449,000 after acquiring an additional 2,516 shares during the period. Northern Trust Corp lifted its holdings in shares of Jones Lang LaSalle by 2.9% during the 2nd quarter. Northern Trust Corp now owns 641,073 shares of the financial services provider’s stock worth $90,192,000 after acquiring an additional 18,247 shares during the period. Finally, Neuburgh Advisers LLC lifted its holdings in shares of Jones Lang LaSalle by 32.3% during the 2nd quarter. Neuburgh Advisers LLC now owns 6,666 shares of the financial services provider’s stock worth $938,000 after acquiring an additional 1,628 shares during the period. 82.46% of the stock is owned by hedge funds and other institutional investors.

JLL has been the subject of a number of recent analyst reports. DA Davidson initiated coverage on shares of Jones Lang LaSalle in a report on Thursday, July 11th. They set a “buy” rating for the company. Compass Point initiated coverage on shares of Jones Lang LaSalle in a report on Wednesday, July 10th. They set a “buy” rating and a $180.00 price target for the company. JPMorgan Chase & Co. initiated coverage on shares of Jones Lang LaSalle in a report on Wednesday, July 17th. They set an “overweight” rating and a $140.23 price target for the company. Finally, UBS Group upped their price target on shares of Jones Lang LaSalle from $175.00 to $178.00 and gave the stock a “buy” rating in a report on Monday, August 12th. Two equities research analysts have rated the stock with a sell rating, three have issued a hold rating and eight have assigned a buy rating to the stock. Jones Lang LaSalle currently has a consensus rating of “Hold” and an average target price of $173.91.

NYSE:JLL traded up $0.33 on Friday, hitting $142.35. The company had a trading volume of 6,426 shares, compared to its average volume of 283,615. The stock has a market capitalization of $7.41 billion, a price-to-earnings ratio of 11.62, a PEG ratio of 1.32 and a beta of 1.75. The company has a current ratio of 1.95, a quick ratio of 1.95 and a debt-to-equity ratio of 0.44. The firm has a 50 day moving average of $137.72 and a two-hundred day moving average of $143.91. Jones Lang LaSalle Inc has a 52 week low of $119.79 and a 52 week high of $173.32.

Jones Lang LaSalle (NYSE:JLL) last issued its quarterly earnings data on Tuesday, August 6th. The financial services provider reported $2.94 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $2.33 by $0.61. The business had revenue of $2.35 billion during the quarter, compared to the consensus estimate of $2.28 billion. Jones Lang LaSalle had a net margin of 2.76% and a return on equity of 15.79%. The firm’s revenue was up 8.5% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $2.26 EPS. As a group, equities analysts forecast that Jones Lang LaSalle Inc will post 12.13 EPS for the current 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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