Federated Hermes Inc. Sells 124 Shares of Jones Lang LaSalle Incorporated (NYSE:JLL)

Federated Hermes Inc. decreased its position in shares of Jones Lang LaSalle Incorporated (NYSE:JLL) by 2.4% in the 2nd quarter, Holdings Channel reports. The fund owned 4,975 shares of the financial services provider’s stock after selling 124 shares during the quarter. Federated Hermes Inc.’s holdings in Jones Lang LaSalle were worth $1,021,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in JLL. DekaBank Deutsche Girozentrale increased its stake in shares of Jones Lang LaSalle by 48.1% in the second quarter. DekaBank Deutsche Girozentrale now owns 3,694 shares of the financial services provider’s stock worth $756,000 after purchasing an additional 1,199 shares in the last quarter. Equity Investment Corp raised its holdings in Jones Lang LaSalle by 0.3% during the 2nd quarter. Equity Investment Corp now owns 437,769 shares of the financial services provider’s stock valued at $89,865,000 after acquiring an additional 1,281 shares during the period. Johnson Investment Counsel Inc. boosted its holdings in shares of Jones Lang LaSalle by 23.0% in the second quarter. Johnson Investment Counsel Inc. now owns 12,720 shares of the financial services provider’s stock worth $2,611,000 after acquiring an additional 2,380 shares during the period. American Century Companies Inc. grew its position in shares of Jones Lang LaSalle by 46.7% in the second quarter. American Century Companies Inc. now owns 39,976 shares of the financial services provider’s stock valued at $8,206,000 after purchasing an additional 12,732 shares in the last quarter. Finally, Headlands Technologies LLC bought a new stake in shares of Jones Lang LaSalle during the 2nd quarter valued at $113,000. 94.80% of the stock is currently owned by institutional investors.

Jones Lang LaSalle Stock Down 0.3 %

Shares of NYSE JLL opened at $262.40 on Friday. The stock has a market capitalization of $12.48 billion, a P/E ratio of 42.19 and a beta of 1.37. The company has a debt-to-equity ratio of 0.31, a current ratio of 2.58 and a quick ratio of 2.58. Jones Lang LaSalle Incorporated has a one year low of $119.46 and a one year high of $265.63. The firm’s 50 day simple moving average is $245.88 and its two-hundred day simple moving average is $212.62.

Jones Lang LaSalle (NYSE:JLL) last issued its earnings results on Tuesday, August 6th. The financial services provider reported $2.55 EPS for the quarter, topping analysts’ consensus estimates of $2.30 by $0.25. Jones Lang LaSalle had a net margin of 1.76% and a return on equity of 8.03%. The company had revenue of $5.63 billion for the quarter, compared to analysts’ expectations of $5.48 billion. During the same quarter last year, the company earned $0.50 EPS. The firm’s revenue was up 11.4% compared to the same quarter last year. As a group, analysts expect that Jones Lang LaSalle Incorporated will post 12.54 EPS for the current fiscal year.

Analyst Ratings Changes

A number of research firms have weighed in on JLL. UBS Group lifted their target price on Jones Lang LaSalle from $225.00 to $240.00 and gave the company a “buy” rating in a report on Wednesday, July 3rd. Keefe, Bruyette & Woods upped their target price on shares of Jones Lang LaSalle from $240.00 to $250.00 and gave the stock a “market perform” rating in a report on Thursday, August 8th. Raymond James raised their price target on shares of Jones Lang LaSalle from $246.00 to $268.00 and gave the company a “strong-buy” rating in a report on Thursday, July 25th. StockNews.com raised shares of Jones Lang LaSalle from a “buy” rating to a “strong-buy” rating in a report on Friday, September 13th. Finally, JPMorgan Chase & Co. lifted their price objective on Jones Lang LaSalle from $215.00 to $230.00 and gave the company an “overweight” rating in a research note on Friday, June 21st. Two analysts have rated the stock with a hold rating, three have given a buy rating and two have assigned a strong buy rating to the company’s stock. According to MarketBeat.com, the company currently has a consensus rating of “Buy” and an average target price of $246.80.

About Jones Lang LaSalle

Jones Lang LaSalle Incorporated operates as a commercial real estate and investment management company. It engages in the buying, building, occupying, managing, and investing in a commercial, industrial, hotel, residential, and retail properties in Americas, Europe, the Middle East, Africa, and the Asia Pacific.