United Services Automobile Association raised its position in shares of Jones Lang LaSalle Inc (NYSE:JLL) by 2.0% in the second quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 52,200 shares of the financial services provider’s stock after purchasing an additional 1,006 shares during the period. United Services Automobile Association owned 0.10% of Jones Lang LaSalle worth $7,344,000 at the end of the most recent quarter.
A number of other institutional investors have also recently bought and sold shares of JLL. Parametric Portfolio Associates LLC boosted its stake in Jones Lang LaSalle by 3.6% during the 1st quarter. Parametric Portfolio Associates LLC now owns 141,207 shares of the financial services provider’s stock valued at $21,771,000 after purchasing an additional 4,909 shares during the period. Pictet Asset Management Ltd. lifted its stake in shares of Jones Lang LaSalle by 7.8% in the 1st quarter. Pictet Asset Management Ltd. now owns 19,272 shares of the financial services provider’s stock worth $2,971,000 after acquiring an additional 1,400 shares during the period. Envestnet Asset Management Inc. lifted its stake in shares of Jones Lang LaSalle by 272.0% in the 1st quarter. Envestnet Asset Management Inc. now owns 44,128 shares of the financial services provider’s stock worth $6,804,000 after acquiring an additional 32,267 shares during the period. Cigna Investments Inc. New acquired a new stake in shares of Jones Lang LaSalle in the 1st quarter worth approximately $211,000. Finally, Swiss National Bank lifted its stake in shares of Jones Lang LaSalle by 2.6% in the 1st quarter. Swiss National Bank now owns 151,800 shares of the financial services provider’s stock worth $23,405,000 after acquiring an additional 3,800 shares during the period. 82.38% of the stock is owned by hedge funds and other institutional investors.
A number of analysts have recently weighed in on the stock. DA Davidson assumed coverage on shares of Jones Lang LaSalle in a research note on Thursday, July 11th. They issued a “buy” rating for the company. Compass Point assumed coverage on shares of Jones Lang LaSalle in a research note on Wednesday, July 10th. They issued a “buy” rating and a $180.00 price target for the company. JPMorgan Chase & Co. assumed coverage on shares of Jones Lang LaSalle in a research note on Wednesday, July 17th. They issued 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 research note on Monday, August 12th. Two research analysts have rated the stock with a sell rating, three have given a hold rating and eight have issued a buy rating to the company’s stock. Jones Lang LaSalle currently has a consensus rating of “Hold” and a consensus target price of $173.91.
Jones Lang LaSalle (NYSE:JLL) last released its earnings results on Tuesday, August 6th. The financial services provider reported $2.94 EPS for the quarter, beating the 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 business had revenue of $2.35 billion during the quarter, compared to analyst estimates of $2.28 billion. During the same period in the prior year, the business earned $2.26 earnings per share. The business’s quarterly revenue was up 8.5% on a year-over-year basis. On average, equities research analysts anticipate that Jones Lang LaSalle Inc will post 12.13 earnings per share for the current fiscal year.
Jones Lang LaSalle 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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