XTX Topco Ltd Boosts Stake in Jones Lang LaSalle Incorporated (NYSE:JLL)

XTX Topco Ltd increased its stake in Jones Lang LaSalle Incorporated (NYSE:JLL) by 69.2% in the 2nd quarter, according to its most recent disclosure with the SEC. The institutional investor owned 4,334 shares of the financial services provider’s stock after acquiring an additional 1,772 shares during the period. XTX Topco Ltd’s holdings in Jones Lang LaSalle were worth $890,000 as of its most recent SEC filing.

A number of other institutional investors have also added to or reduced their stakes in JLL. EdgePoint Investment Group Inc. boosted its holdings in shares of Jones Lang LaSalle by 27.3% in the 1st 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 position in Jones Lang LaSalle by 1.9% in the 2nd quarter. Dimensional Fund Advisors LP now owns 1,472,703 shares of the financial services provider’s stock worth $302,318,000 after buying an additional 26,814 shares during the last quarter. Massachusetts Financial Services Co. MA grew its position in Jones Lang LaSalle by 20.9% during 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 last quarter. Boston Trust Walden Corp raised its stake in shares of Jones Lang LaSalle by 1.2% during 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 lifted its holdings in shares of Jones Lang LaSalle by 84.8% in the 4th quarter. Price T Rowe Associates Inc. MD now owns 589,128 shares of the financial services provider’s stock worth $111,270,000 after acquiring an additional 270,404 shares during the last quarter. Institutional investors own 94.80% of the company’s stock.

Jones Lang LaSalle Trading Down 0.3 %

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

Jones Lang LaSalle (NYSE:JLL) last released its quarterly earnings results on Tuesday, August 6th. The financial services provider reported $2.55 earnings per share for the quarter, beating the consensus estimate 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 business had revenue of $5.63 billion for the quarter, compared to analysts’ expectations of $5.48 billion. During the same quarter in the previous year, the business posted $0.50 earnings per share. The firm’s revenue for the quarter was up 11.4% compared to the same quarter last year. On average, analysts forecast that Jones Lang LaSalle Incorporated will post 12.54 earnings per share for the current year.

Wall Street Analyst Weigh In

A number of equities analysts recently commented on JLL shares. Keefe, Bruyette & Woods lifted 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 research report on Thursday, August 8th. Raymond James lifted their price objective on Jones Lang LaSalle from $246.00 to $268.00 and gave the stock a “strong-buy” rating in a report on Thursday, July 25th. StockNews.com upgraded Jones Lang LaSalle from a “buy” rating to a “strong-buy” rating in a research report on Friday, September 13th. JPMorgan Chase & Co. boosted their price objective on Jones Lang LaSalle from $215.00 to $230.00 and gave the company an “overweight” rating in a research report on Friday, June 21st. Finally, UBS Group raised their target price on shares of Jones Lang LaSalle from $225.00 to $240.00 and gave the stock a “buy” rating in a report on Wednesday, July 3rd. Two equities research 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 stock. According to data from MarketBeat, the stock presently has an average rating of “Buy” and an average price target of $246.80.

Jones Lang LaSalle 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.