Parallel Advisors LLC grew its stake in shares of Jones Lang LaSalle Inc (NYSE:JLL) by 418.5% in the 2nd quarter, HoldingsChannel reports. The firm owned 1,203 shares of the financial services provider’s stock after acquiring an additional 971 shares during the quarter. Parallel Advisors LLC’s holdings in Jones Lang LaSalle were worth $169,000 at the end of the most recent quarter.
Several other hedge funds and other institutional investors also recently made changes to their positions in the company. Steward Partners Investment Advisory LLC acquired a new position in Jones Lang LaSalle in the 2nd quarter worth about $25,000. Cullen Frost Bankers Inc. increased its holdings in shares of Jones Lang LaSalle by 9,100.0% during the 2nd quarter. Cullen Frost Bankers Inc. now owns 184 shares of the financial services provider’s stock valued at $26,000 after acquiring an additional 182 shares during the last quarter. Advisory Services Network LLC increased its holdings in shares of Jones Lang LaSalle by 268.5% during the 2nd quarter. Advisory Services Network LLC now owns 199 shares of the financial services provider’s stock valued at $28,000 after acquiring an additional 145 shares during the last quarter. Synovus Financial Corp increased its holdings in shares of Jones Lang LaSalle by 340.3% during the 1st quarter. Synovus Financial Corp now owns 273 shares of the financial services provider’s stock valued at $43,000 after acquiring an additional 211 shares during the last quarter. Finally, First Bank & Trust acquired a new position in shares of Jones Lang LaSalle during the 2nd quarter valued at about $88,000. 81.99% of the stock is owned by institutional investors and hedge funds.
JLL opened at $129.71 on Friday. The firm has a market capitalization of $7.07 billion, a P/E ratio of 10.59, a price-to-earnings-growth ratio of 1.26 and a beta of 1.75. The stock’s 50 day moving average price is $139.51 and its two-hundred day moving average price is $145.97. The company has a quick ratio of 1.95, a current ratio of 1.95 and a debt-to-equity ratio of 0.44. Jones Lang LaSalle Inc has a 12-month low of $119.79 and a 12-month high of $173.32.
Jones Lang LaSalle (NYSE:JLL) last released its earnings results on Tuesday, August 6th. The financial services provider reported $2.94 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $2.33 by $0.61. The firm had revenue of $2.35 billion for the quarter, compared to analyst estimates of $2.28 billion. Jones Lang LaSalle had a return on equity of 15.79% and a net margin of 2.76%. The company’s revenue was up 8.5% on a year-over-year basis. During the same quarter last year, the firm posted $2.26 EPS. As a group, analysts anticipate that Jones Lang LaSalle Inc will post 12.13 earnings per share for the current year.
A number of brokerages have recently commented on JLL. DA Davidson began coverage on Jones Lang LaSalle in a report on Thursday, July 11th. They set a “buy” rating on the stock. Zacks Investment Research lowered Jones Lang LaSalle from a “buy” rating to a “hold” rating in a report on Tuesday, May 14th. ValuEngine lowered Jones Lang LaSalle from a “hold” rating to a “sell” rating in a report on Wednesday, May 8th. JPMorgan Chase & Co. started coverage on Jones Lang LaSalle in a report on Wednesday, July 17th. They issued an “overweight” rating and a $140.23 target price on the stock. Finally, Compass Point started coverage on Jones Lang LaSalle in a report on Wednesday, July 10th. They issued a “buy” rating and a $180.00 target price on the stock. Two analysts have rated the stock with a sell rating, three have given a hold rating and eight have issued a buy rating to the stock. The company has a consensus rating of “Hold” and a consensus target price of $173.91.
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.
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