Jane Street Group LLC bought a new stake in Jones Lang LaSalle Inc (NYSE:JLL) during the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor bought 17,862 shares of the financial services provider’s stock, valued at approximately $1,848,000.
A number of other hedge funds and other institutional investors have also recently modified their holdings of the stock. Fred Alger Management LLC acquired a new stake in Jones Lang LaSalle during the 1st quarter worth about $29,000. CWM LLC grew its holdings in Jones Lang LaSalle by 47.7% during the second quarter. CWM LLC now owns 350 shares of the financial services provider’s stock worth $36,000 after acquiring an additional 113 shares during the period. Twin Tree Management LP grew its holdings in Jones Lang LaSalle by 101.5% during the first quarter. Twin Tree Management LP now owns 510 shares of the financial services provider’s stock worth $51,000 after acquiring an additional 34,717 shares during the period. Stephenson National Bank & Trust raised its position in Jones Lang LaSalle by 46.6% during the second quarter. Stephenson National Bank & Trust now owns 705 shares of the financial services provider’s stock valued at $73,000 after acquiring an additional 224 shares in the last quarter. Finally, Fifth Third Bancorp lifted its holdings in Jones Lang LaSalle by 5,720.7% in the second quarter. Fifth Third Bancorp now owns 1,688 shares of the financial services provider’s stock valued at $175,000 after acquiring an additional 1,659 shares during the period. Hedge funds and other institutional investors own 94.41% of the company’s stock.
A number of brokerages recently issued reports on JLL. Raymond James lowered their price target on shares of Jones Lang LaSalle from $172.00 to $146.00 and set an “outperform” rating on the stock in a report on Wednesday, July 29th. UBS Group increased their target price on Jones Lang LaSalle from $119.00 to $122.00 and gave the company a “buy” rating in a research report on Tuesday, August 11th. Two equities research analysts have rated the stock with a sell rating and four have assigned a buy rating to the company. Jones Lang LaSalle currently has an average rating of “Hold” and a consensus target price of $150.80.
Shares of NYSE:JLL traded up $0.42 during midday trading on Wednesday, hitting $107.42. The company’s stock had a trading volume of 272 shares, compared to its average volume of 422,825. The company has a market cap of $5.54 billion, a P/E ratio of 13.23, a price-to-earnings-growth ratio of 1.93 and a beta of 1.56. Jones Lang LaSalle Inc has a 12-month low of $78.29 and a 12-month high of $178.55. The business’s 50 day simple moving average is $100.14 and its 200 day simple moving average is $105.62. The company has a debt-to-equity ratio of 0.27, a quick ratio of 2.16 and a current ratio of 2.16.
Jones Lang LaSalle (NYSE:JLL) last released its quarterly earnings data on Thursday, August 6th. The financial services provider reported $0.71 EPS for the quarter, missing the Zacks’ consensus estimate of $1.03 by ($0.32). The business had revenue of $1.83 billion during the quarter, compared to analyst estimates of $1.98 billion. Jones Lang LaSalle had a net margin of 2.40% and a return on equity of 11.47%. The firm’s revenue was down 22.1% on a year-over-year basis. During the same quarter in the previous year, the company posted $2.94 EPS. On average, sell-side analysts predict that Jones Lang LaSalle Inc will post 5.79 earnings per share for the current fiscal year.
Jones Lang LaSalle Profile
Jones Lang LaSalle Incorporated, a professional services company, provides commercial real estate and investment management services worldwide. It offers a range of real estate services, including agency leasing, logistics and supply-chain management, corporate finance, mortgage origination and servicing, debt placement, project and development management/design, digital, property management, energy and sustainability, real estate investment banking, integrated facilities management, research, investment management and advisory, strategic consulting and advisory, investment sale, tenant representation, lease administration, and valuations.
Recommended Story: What does it mean to hold a stock in street name?
Receive News & Ratings for Jones Lang LaSalle Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Jones Lang LaSalle and related companies with MarketBeat.com's FREE daily email newsletter.