Commonwealth Equity Services LLC Sells 161 Shares of Jones Lang LaSalle Incorporated (NYSE:JLL)

Commonwealth Equity Services LLC cut its position in shares of Jones Lang LaSalle Incorporated (NYSE:JLL) by 7.4% in the second quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 2,029 shares of the financial services provider’s stock after selling 161 shares during the quarter. Commonwealth Equity Services LLC’s holdings in Jones Lang LaSalle were worth $417,000 as of its most recent SEC filing.

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

Jones Lang LaSalle Price Performance

Shares of NYSE JLL opened at $262.40 on Monday. The business’s 50 day moving average is $245.88 and its 200-day moving average is $212.80. The firm has a market cap of $12.48 billion, a P/E ratio of 42.19 and a beta of 1.37. Jones Lang LaSalle Incorporated has a 1-year low of $119.46 and a 1-year high of $265.63. The company has a current ratio of 2.58, a quick ratio of 2.58 and a debt-to-equity ratio of 0.31.

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 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 company had revenue of $5.63 billion during the quarter, compared to the consensus estimate of $5.48 billion. During the same quarter last year, the firm earned $0.50 earnings per share. The company’s revenue was up 11.4% on a year-over-year basis. Equities research analysts predict that Jones Lang LaSalle Incorporated will post 12.54 earnings per share for the current year.

Analyst Upgrades and Downgrades

A number of brokerages recently weighed in on JLL. UBS Group boosted 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. Keefe, Bruyette & Woods upped their target price on shares of Jones Lang LaSalle from $240.00 to $250.00 and gave the company a “market perform” rating in a report on Thursday, August 8th. StockNews.com upgraded Jones Lang LaSalle from a “buy” rating to a “strong-buy” rating in a report on Friday, September 13th. JPMorgan Chase & Co. upped 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. Finally, Raymond James lifted 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. Two analysts have rated the stock with a hold rating, three have issued a buy rating and two have issued a strong buy rating to the company. According to data from MarketBeat, the company currently has an average 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.