Sei Investments Co. Has $4.45 Million Position in Jones Lang LaSalle Incorporated (NYSE:JLL)

Sei Investments Co. lifted its position in Jones Lang LaSalle Incorporated (NYSE:JLL) by 143.6% during the second quarter, HoldingsChannel.com reports. The fund owned 21,660 shares of the financial services provider’s stock after purchasing an additional 12,767 shares during the period. Sei Investments Co.’s holdings in Jones Lang LaSalle were worth $4,447,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also bought and sold shares of JLL. EdgePoint Investment Group Inc. boosted its position in shares of Jones Lang LaSalle by 27.3% during the first quarter. EdgePoint Investment Group Inc. now owns 2,072,046 shares of the financial services provider’s stock worth $404,235,000 after purchasing an additional 443,992 shares in the last quarter. Dimensional Fund Advisors LP lifted its holdings in Jones Lang LaSalle by 1.9% during the second quarter. Dimensional Fund Advisors LP now owns 1,472,703 shares of the financial services provider’s stock worth $302,318,000 after acquiring an additional 26,814 shares in the last quarter. Massachusetts Financial Services Co. MA grew its stake in Jones Lang LaSalle by 20.9% in the second quarter. Massachusetts Financial Services Co. MA now owns 1,049,392 shares of the financial services provider’s stock valued at $215,419,000 after acquiring an additional 181,246 shares during the period. Boston Trust Walden Corp increased its holdings in shares of Jones Lang LaSalle by 1.2% in the second quarter. Boston Trust Walden Corp now owns 672,994 shares of the financial services provider’s stock worth $138,152,000 after acquiring an additional 7,698 shares in the last quarter. Finally, Price T Rowe Associates Inc. MD raised its position in shares of Jones Lang LaSalle by 84.8% during the fourth quarter. Price T Rowe Associates Inc. MD now owns 589,128 shares of the financial services provider’s stock worth $111,270,000 after purchasing an additional 270,404 shares during the period. Institutional investors own 94.80% of the company’s stock.

Jones Lang LaSalle Trading Down 1.3 %

Shares of NYSE:JLL opened at $266.38 on Wednesday. The stock has a market capitalization of $12.67 billion, a PE ratio of 42.83 and a beta of 1.37. The company’s 50-day moving average price is $250.91 and its two-hundred day moving average price is $216.86. 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 $273.82.

Jones Lang LaSalle (NYSE:JLL) last posted its quarterly earnings results on Tuesday, August 6th. The financial services provider reported $2.55 earnings per share for the quarter, beating analysts’ consensus estimates 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 during the quarter, compared to the consensus estimate of $5.48 billion. During the same period last year, the company earned $0.50 earnings per share. The business’s revenue was up 11.4% compared to the same quarter last year. On average, equities analysts forecast that Jones Lang LaSalle Incorporated will post 12.54 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of analysts recently issued reports on the company. Raymond James increased their target price on 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 stock an “overweight” rating in a report on Friday, June 21st. UBS Group upped their target price on shares of Jones Lang LaSalle from $225.00 to $240.00 and gave the stock a “buy” rating in a research note on Wednesday, July 3rd. Keefe, Bruyette & Woods lifted their price target on Jones Lang LaSalle from $240.00 to $250.00 and gave the company a “market perform” rating in a research note on Thursday, August 8th. Finally, StockNews.com raised Jones Lang LaSalle from a “buy” rating to a “strong-buy” rating in a research report on Friday, September 13th. Two research analysts have rated the stock with a hold rating, three have assigned a buy rating and two have issued 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 target price 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.