BDF Gestion Sells 1,505 Shares of Jones Lang LaSalle Incorporated $JLL

BDF Gestion reduced its holdings in shares of Jones Lang LaSalle Incorporated (NYSE:JLL) by 9.8% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 13,801 shares of the financial services provider’s stock after selling 1,505 shares during the quarter. BDF Gestion’s holdings in Jones Lang LaSalle were worth $3,530,000 as of its most recent SEC filing.

A number of other institutional investors have also recently bought and sold shares of JLL. Swedbank AB boosted its holdings in shares of Jones Lang LaSalle by 115.0% in the 2nd quarter. Swedbank AB now owns 938,149 shares of the financial services provider’s stock worth $239,960,000 after buying an additional 501,716 shares during the last quarter. Select Equity Group L.P. lifted its stake in Jones Lang LaSalle by 50.7% in the first quarter. Select Equity Group L.P. now owns 1,062,069 shares of the financial services provider’s stock valued at $263,298,000 after purchasing an additional 357,469 shares during the last quarter. Allianz Asset Management GmbH grew its holdings in Jones Lang LaSalle by 194.0% during the first quarter. Allianz Asset Management GmbH now owns 395,337 shares of the financial services provider’s stock valued at $98,008,000 after purchasing an additional 260,847 shares during the period. Nuveen LLC bought a new stake in shares of Jones Lang LaSalle in the first quarter valued at $53,533,000. Finally, GAMMA Investing LLC grew its stake in shares of Jones Lang LaSalle by 25,132.7% during the 1st quarter. GAMMA Investing LLC now owns 212,459 shares of the financial services provider’s stock worth $52,671,000 after acquiring an additional 211,617 shares during the period. Institutional investors own 94.80% of the company’s stock.

Wall Street Analyst Weigh In

Several research firms have recently weighed in on JLL. Citizens Jmp began coverage on shares of Jones Lang LaSalle in a research note on Monday, July 21st. They issued a “market perform” rating for the company. JMP Securities assumed coverage on shares of Jones Lang LaSalle in a research note on Monday, July 21st. They issued a “market perform” rating for the company. JPMorgan Chase & Co. boosted their target price on shares of Jones Lang LaSalle from $285.00 to $372.00 and gave the company an “overweight” rating in a report on Tuesday, August 26th. Citigroup cut their price target on Jones Lang LaSalle from $275.00 to $240.00 and set a “neutral” rating for the company in a report on Wednesday, May 28th. Finally, UBS Group lifted their price target on Jones Lang LaSalle from $305.00 to $340.00 and gave the company a “buy” rating in a research report on Wednesday, July 2nd. One equities research analyst has rated the stock with a Strong Buy rating, five have assigned a Buy rating and three have issued a Hold rating to the stock. Based on data from MarketBeat.com, Jones Lang LaSalle presently has an average rating of “Moderate Buy” and an average price target of $328.57.

Jones Lang LaSalle Stock Down 0.5%

JLL opened at $318.20 on Friday. The firm has a market capitalization of $15.08 billion, a P/E ratio of 27.36 and a beta of 1.41. Jones Lang LaSalle Incorporated has a one year low of $194.36 and a one year high of $322.36. The company has a fifty day moving average price of $287.94 and a 200-day moving average price of $253.89. The company has a debt-to-equity ratio of 0.16, a current ratio of 2.35 and a quick ratio of 2.35.

Jones Lang LaSalle (NYSE:JLL) last posted its quarterly earnings data on Wednesday, August 6th. The financial services provider reported $3.30 earnings per share (EPS) for the quarter, beating the consensus estimate of $3.20 by $0.10. The company had revenue of $6.25 billion during the quarter, compared to analyst estimates of $6.17 billion. Jones Lang LaSalle had a return on equity of 10.63% and a net margin of 2.28%.The firm’s quarterly revenue was up 11.0% on a year-over-year basis. During the same quarter last year, the company earned $2.55 earnings per share. Equities research analysts expect that Jones Lang LaSalle Incorporated will post 16.45 earnings per share for the current fiscal year.

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.