Harbour Capital Advisors LLC increased its stake in Jones Lang LaSalle Incorporated (NYSE:JLL – Get Rating) by 66.3% during the second quarter, HoldingsChannel.com reports. The fund owned 3,550 shares of the financial services provider's stock after buying an additional 1,415 shares during the period. Harbour Capital Advisors LLC's holdings in Jones Lang LaSalle were worth $621,000 at the end of the most recent reporting period.
Other institutional investors and hedge funds also recently modified their holdings of the company. First Bank & Trust lifted its position in Jones Lang LaSalle by 2.5% in the first quarter. First Bank & Trust now owns 1,941 shares of the financial services provider's stock worth $465,000 after purchasing an additional 48 shares during the period. Convergence Investment Partners LLC boosted its position in shares of Jones Lang LaSalle by 8.3% during the 1st quarter. Convergence Investment Partners LLC now owns 707 shares of the financial services provider's stock valued at $169,000 after acquiring an additional 54 shares in the last quarter. State of Michigan Retirement System increased its stake in Jones Lang LaSalle by 0.4% in the first quarter. State of Michigan Retirement System now owns 12,811 shares of the financial services provider's stock valued at $3,068,000 after acquiring an additional 55 shares during the period. Covestor Ltd lifted its stake in Jones Lang LaSalle by 61.3% during the first quarter. Covestor Ltd now owns 150 shares of the financial services provider's stock worth $36,000 after purchasing an additional 57 shares during the period. Finally, Tobam increased its holdings in Jones Lang LaSalle by 33.3% during the 1st quarter. Tobam now owns 260 shares of the financial services provider's stock valued at $62,000 after purchasing an additional 65 shares in the last quarter. 95.84% of the stock is owned by institutional investors and hedge funds.
Get Jones Lang LaSalle alerts:Wall Street Analyst Weigh In
JLL has been the topic of a number of recent analyst reports. Raymond James boosted their price objective on Jones Lang LaSalle from $280.00 to $287.00 and gave the stock an "outperform" rating in a research note on Thursday, August 4th. UBS Group decreased their price objective on shares of Jones Lang LaSalle from $287.00 to $247.00 and set a "buy" rating on the stock in a report on Wednesday, September 21st. Finally, StockNews.com raised shares of Jones Lang LaSalle from a "hold" rating to a "buy" rating in a research note on Thursday, September 22nd. One research analyst has rated the stock with a sell rating and five have issued a buy rating to the stock. According to data from MarketBeat, the stock has a consensus rating of "Moderate Buy" and a consensus target price of $271.50.
Jones Lang LaSalle Price Performance
Jones Lang LaSalle stock opened at $154.88 on Thursday. The stock has a market cap of $7.42 billion, a price-to-earnings ratio of 7.95 and a beta of 1.28. Jones Lang LaSalle Incorporated has a 12-month low of $150.56 and a 12-month high of $275.77. The company has a quick ratio of 2.28, a current ratio of 2.28 and a debt-to-equity ratio of 0.33. The business's 50-day simple moving average is $174.65 and its 200 day simple moving average is $192.13.Jones Lang LaSalle (NYSE:JLL – Get Rating) last issued its earnings results on Wednesday, August 3rd. The financial services provider reported $4.48 earnings per share (EPS) for the quarter, beating the consensus estimate of $4.10 by $0.38. The company had revenue of $5.28 billion for the quarter, compared to analyst estimates of $4.88 billion. Jones Lang LaSalle had a net margin of 4.77% and a return on equity of 17.38%. As a group, research analysts anticipate that Jones Lang LaSalle Incorporated will post 19.02 earnings per share for the current year.
Jones Lang LaSalle Company Profile
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Jones Lang LaSalle Incorporated, a professional services company, provides real estate and investment management services in Americas, Europe, the Middle East, Africa, and the Asia Pacific. The company offers a range of real estate services, including agency leasing and tenant representation services; and capital market services, such as debt advisory, loan sales, equity advisory, loan servicing, merger and acquisition, corporate advisory, and investment sales and advisory services.
Further Reading
- Get a free copy of the StockNews.com research report on Jones Lang LaSalle (JLL)
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