Ladenburg Thalmann Financial Services Inc. Reduces Stock Position in Jones Lang LaSalle Inc (NYSE:JLL)

Ladenburg Thalmann Financial Services Inc. lessened its stake in shares of Jones Lang LaSalle Inc (NYSE:JLL) by 3.0% in the second quarter, HoldingsChannel reports. The firm owned 2,999 shares of the financial services provider’s stock after selling 92 shares during the quarter. Ladenburg Thalmann Financial Services Inc.’s holdings in Jones Lang LaSalle were worth $422,000 at the end of the most recent reporting period.

Other institutional investors also recently bought and sold shares of the company. Steward Partners Investment Advisory LLC acquired a new position in shares of Jones Lang LaSalle in the 2nd quarter valued at about $25,000. Cullen Frost Bankers Inc. increased its holdings in shares of Jones Lang LaSalle by 9,100.0% in 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 last quarter. Advisory Services Network LLC grew its stake in 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 worth $28,000 after buying an additional 145 shares during the last quarter. Covington Capital Management grew its stake in Jones Lang LaSalle by 32.4% during the 2nd quarter. Covington Capital Management now owns 331 shares of the financial services provider’s stock worth $47,000 after buying an additional 81 shares during the last quarter. Finally, First Bank & Trust bought a new position in Jones Lang LaSalle during the 2nd quarter worth $88,000. Hedge funds and other institutional investors own 82.61% of the company’s stock.

Shares of JLL opened at $142.35 on Wednesday. The company has a market cap of $7.25 billion, a P/E ratio of 11.62, a PEG ratio of 1.28 and a beta of 1.75. The stock has a fifty day moving average price of $136.78 and a 200 day moving average price of $140.18. The company has a debt-to-equity ratio of 0.44, a current ratio of 1.95 and a quick ratio of 1.95. Jones Lang LaSalle Inc has a 12 month low of $119.79 and a 12 month 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, topping the Zacks’ consensus estimate of $2.33 by $0.61. Jones Lang LaSalle had a return on equity of 15.79% and a net margin of 2.76%. The firm had revenue of $2.35 billion during the quarter, compared to the consensus estimate of $2.28 billion. During the same period in the prior year, the business earned $2.26 EPS. The firm’s revenue was up 8.5% on a year-over-year basis. As a group, research analysts anticipate that Jones Lang LaSalle Inc will post 12.13 earnings per share for the current year.

A number of brokerages recently commented on JLL. Compass Point began coverage on Jones Lang LaSalle in a research note on Wednesday, July 10th. They set a “buy” rating and a $180.00 price objective for the company. UBS Group upped their price objective on Jones Lang LaSalle from $175.00 to $178.00 and gave the stock a “buy” rating in a research note on Monday, August 12th. Barclays set a $179.00 price objective on Jones Lang LaSalle and gave the stock a “buy” rating in a research note on Friday, October 11th. DA Davidson began coverage on Jones Lang LaSalle in a research note on Thursday, July 11th. They set a “buy” rating for the company. Finally, JPMorgan Chase & Co. began coverage on Jones Lang LaSalle in a research note on Wednesday, July 17th. They set an “overweight” rating and a $140.23 price objective for the company. Two research analysts have rated the stock with a sell rating, three have assigned a hold rating and eight have assigned a buy rating to the stock. The stock currently has a consensus rating of “Hold” and an average price target of $173.69.

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

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