Parametric Portfolio Associates LLC lowered its position in Jones Lang LaSalle Inc (NYSE:JLL) by 3.0% in the second quarter, Holdings Channel.com reports. The firm owned 136,932 shares of the financial services provider’s stock after selling 4,275 shares during the quarter. Parametric Portfolio Associates LLC’s holdings in Jones Lang LaSalle were worth $19,265,000 as of its most recent filing with the Securities & Exchange Commission.
A number of other large investors have also recently made changes to their positions in JLL. Steward Partners Investment Advisory LLC acquired a new stake in shares of Jones Lang LaSalle during the 2nd quarter valued at approximately $25,000. Cullen Frost Bankers Inc. lifted its position in shares of Jones Lang LaSalle by 9,100.0% during the 2nd quarter. Cullen Frost Bankers Inc. now owns 184 shares of the financial services provider’s stock valued at $26,000 after acquiring an additional 182 shares during the period. Advisory Services Network LLC lifted its position in shares of Jones Lang LaSalle by 268.5% during the 2nd quarter. Advisory Services Network LLC now owns 199 shares of the financial services provider’s stock valued at $28,000 after acquiring an additional 145 shares during the period. Synovus Financial Corp lifted its position in shares of Jones Lang LaSalle by 340.3% during the 1st quarter. Synovus Financial Corp now owns 273 shares of the financial services provider’s stock valued at $43,000 after acquiring an additional 211 shares during the period. Finally, First Bank & Trust acquired a new stake in shares of Jones Lang LaSalle during the 2nd quarter valued at approximately $88,000. Hedge funds and other institutional investors own 82.38% of the company’s stock.
JLL has been the subject of several research reports. Compass Point initiated coverage on Jones Lang LaSalle in a research report on Wednesday, July 10th. They set a “buy” rating and a $180.00 price objective for the company. UBS Group lifted their target price on shares of Jones Lang LaSalle from $175.00 to $178.00 and gave the stock a “buy” rating in a research note on Monday, August 12th. JPMorgan Chase & Co. began coverage on shares of Jones Lang LaSalle in a research note on Wednesday, July 17th. They issued an “overweight” rating and a $140.23 target price for the company. Finally, DA Davidson began coverage on shares of Jones Lang LaSalle in a research note on Thursday, July 11th. They issued a “buy” rating for the company. Two research analysts have rated the stock with a sell rating, three have given a hold rating and eight have assigned a buy rating to the company. Jones Lang LaSalle currently has a consensus rating of “Hold” and an average target price of $173.91.
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 (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $2.33 by $0.61. Jones Lang LaSalle had a net margin of 2.76% and a return on equity of 15.79%. The company had revenue of $2.35 billion during the quarter, compared to analysts’ expectations of $2.28 billion. During the same period in the previous year, the company earned $2.26 EPS. The business’s quarterly revenue was up 8.5% compared to the same quarter last year. Research analysts predict that Jones Lang LaSalle Inc will post 12.13 EPS 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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