Intech Investment Management LLC Acquires 9,852 Shares of Jones Lang LaSalle Incorporated (NYSE:JLL)

Intech Investment Management LLC lifted its holdings in Jones Lang LaSalle Incorporated (NYSE:JLL) by 508.4% in the second quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 11,790 shares of the financial services provider’s stock after buying an additional 9,852 shares during the quarter. Intech Investment Management LLC’s holdings in Jones Lang LaSalle were worth $2,420,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also added to or reduced their stakes in JLL. Janney Montgomery Scott LLC lifted its position in shares of Jones Lang LaSalle by 1.9% during the fourth quarter. Janney Montgomery Scott LLC now owns 6,511 shares of the financial services provider’s stock worth $1,230,000 after purchasing an additional 124 shares in the last quarter. Wells Fargo & Company MN lifted its holdings in Jones Lang LaSalle by 5.8% during the 4th quarter. Wells Fargo & Company MN now owns 42,333 shares of the financial services provider’s stock worth $7,995,000 after buying an additional 2,323 shares in the last quarter. Congress Wealth Management LLC DE acquired a new stake in shares of Jones Lang LaSalle in the 4th quarter valued at $443,000. TD Asset Management Inc bought a new stake in shares of Jones Lang LaSalle during the fourth quarter worth $10,722,000. Finally, Allianz Asset Management GmbH lifted its stake in shares of Jones Lang LaSalle by 112.2% during the fourth quarter. Allianz Asset Management GmbH now owns 60,729 shares of the financial services provider’s stock valued at $11,470,000 after acquiring an additional 32,104 shares during the period. Institutional investors and hedge funds own 94.80% of the company’s stock.

Jones Lang LaSalle Trading Down 0.3 %

Shares of NYSE JLL opened at $262.40 on Monday. Jones Lang LaSalle Incorporated has a twelve month low of $119.46 and a twelve month high of $265.63. The stock has a market cap of $12.48 billion, a price-to-earnings ratio of 42.19 and a beta of 1.37. The company has a quick ratio of 2.58, a current ratio of 2.58 and a debt-to-equity ratio of 0.31. The company’s fifty day moving average is $245.88 and its 200-day moving average is $212.80.

Jones Lang LaSalle (NYSE:JLL) last posted its earnings results on Tuesday, August 6th. The financial services provider reported $2.55 earnings per share for the quarter, topping the consensus estimate of $2.30 by $0.25. Jones Lang LaSalle had a return on equity of 8.03% and a net margin of 1.76%. The firm had revenue of $5.63 billion for the quarter, compared to analyst estimates of $5.48 billion. During the same period in the previous year, the company posted $0.50 earnings per share. The company’s revenue for the quarter was up 11.4% on a year-over-year basis. Equities research analysts predict that Jones Lang LaSalle Incorporated will post 12.54 EPS for the current year.

Analysts Set New Price Targets

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

Jones Lang LaSalle Company Profile

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.