ProShare Advisors LLC Sells 79 Shares of Jones Lang LaSalle Incorporated (NYSE:JLL)

ProShare Advisors LLC trimmed its position in shares of Jones Lang LaSalle Incorporated (NYSE:JLL) by 3.4% during the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 2,243 shares of the financial services provider’s stock after selling 79 shares during the period. ProShare Advisors LLC’s holdings in Jones Lang LaSalle were worth $460,000 as of its most recent SEC filing.

Several other large investors also recently added to or reduced their stakes in JLL. Wells Fargo & Company MN boosted its position in Jones Lang LaSalle by 5.8% in the 4th quarter. Wells Fargo & Company MN now owns 42,333 shares of the financial services provider’s stock valued at $7,995,000 after buying an additional 2,323 shares during the period. TD Asset Management Inc purchased a new stake in Jones Lang LaSalle in the 4th quarter valued at about $10,722,000. Treasurer of the State of North Carolina boosted its stake in shares of Jones Lang LaSalle by 4.2% during the fourth quarter. Treasurer of the State of North Carolina now owns 21,686 shares of the financial services provider’s stock valued at $4,096,000 after purchasing an additional 870 shares in the last quarter. KBC Group NV boosted its stake in shares of Jones Lang LaSalle by 4.2% during the fourth quarter. KBC Group NV now owns 58,857 shares of the financial services provider’s stock valued at $11,116,000 after purchasing an additional 2,389 shares in the last quarter. Finally, Hudson Edge Investment Partners Inc. bought a new position in shares of Jones Lang LaSalle during the fourth quarter valued at approximately $244,000. 94.80% of the stock is owned by hedge funds and other institutional investors.

Jones Lang LaSalle Price Performance

Shares of JLL opened at $266.38 on Wednesday. Jones Lang LaSalle Incorporated has a twelve month low of $119.46 and a twelve month high of $273.82. The company has a 50 day moving average of $250.91 and a two-hundred day moving average of $216.86. 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 has a market cap of $12.67 billion, a price-to-earnings ratio of 42.83 and a beta of 1.37.

Jones Lang LaSalle (NYSE:JLL) last posted its quarterly earnings data on Tuesday, August 6th. The financial services provider reported $2.55 EPS for the quarter, topping 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 during the quarter, compared to the consensus estimate of $5.48 billion. During the same period in the previous year, the firm posted $0.50 earnings per share. The business’s revenue for the quarter was up 11.4% compared to the same quarter last year. As a group, analysts predict that Jones Lang LaSalle Incorporated will post 12.54 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

JLL has been the topic of a number of recent research reports. Keefe, Bruyette & Woods increased their price objective on shares of 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. StockNews.com upgraded shares of Jones Lang LaSalle from a “buy” rating to a “strong-buy” rating in a research note on Friday, September 13th. Raymond James increased their price objective on shares of Jones Lang LaSalle from $246.00 to $268.00 and gave the company a “strong-buy” rating in a research note on Thursday, July 25th. UBS Group increased their price objective on shares of Jones Lang LaSalle from $225.00 to $240.00 and gave the company a “buy” rating in a research note on Wednesday, July 3rd. Finally, JPMorgan Chase & Co. raised their target price 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. 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. According to data from MarketBeat, the stock 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.