Linden Thomas Advisory Services LLC Has $1.72 Million Position in Jones Lang LaSalle Incorporated $JLL

Linden Thomas Advisory Services LLC lowered its position in Jones Lang LaSalle Incorporated (NYSE:JLL) by 2.8% during the second quarter, according to its most recent Form 13F filing with the SEC. The fund owned 6,715 shares of the financial services provider’s stock after selling 193 shares during the period. Linden Thomas Advisory Services LLC’s holdings in Jones Lang LaSalle were worth $1,718,000 at the end of the most recent reporting period.

A number of other large investors have also recently added to or reduced their stakes in JLL. Golden State Wealth Management LLC bought a new stake in Jones Lang LaSalle during the first quarter worth approximately $33,000. Thurston Springer Miller Herd & Titak Inc. boosted its position in Jones Lang LaSalle by 322.6% during the second quarter. Thurston Springer Miller Herd & Titak Inc. now owns 131 shares of the financial services provider’s stock worth $34,000 after purchasing an additional 100 shares during the period. SVB Wealth LLC bought a new stake in Jones Lang LaSalle during the first quarter worth approximately $38,000. Whittier Trust Co. boosted its position in Jones Lang LaSalle by 40.9% during the second quarter. Whittier Trust Co. now owns 217 shares of the financial services provider’s stock worth $56,000 after purchasing an additional 63 shares during the period. Finally, Brooklyn Investment Group boosted its position in Jones Lang LaSalle by 142.1% during the first quarter. Brooklyn Investment Group now owns 322 shares of the financial services provider’s stock worth $80,000 after purchasing an additional 189 shares during the period. Institutional investors own 94.80% of the company’s stock.

Jones Lang LaSalle Stock Performance

Jones Lang LaSalle stock opened at $317.32 on Friday. The company has a debt-to-equity ratio of 0.16, a current ratio of 2.35 and a quick ratio of 2.35. The stock has a fifty day moving average price of $303.31 and a two-hundred day moving average price of $263.52. Jones Lang LaSalle Incorporated has a 52-week low of $194.36 and a 52-week high of $322.36. The firm has a market capitalization of $15.03 billion, a P/E ratio of 27.28 and a beta of 1.39.

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

Wall Street Analysts Forecast Growth

A number of brokerages have issued reports on JLL. Wall Street Zen raised Jones Lang LaSalle from a “hold” rating to a “buy” rating in a research report on Sunday, August 31st. Citizens Jmp began coverage on Jones Lang LaSalle in a research report on Monday, July 21st. They issued a “market perform” rating for the company. JMP Securities began coverage on Jones Lang LaSalle in a research report on Monday, July 21st. They issued a “market perform” rating for the company. Weiss Ratings reissued a “hold (c+)” rating on shares of Jones Lang LaSalle in a research report on Saturday. Finally, UBS Group increased their price objective on Jones Lang LaSalle from $340.00 to $360.00 and gave the company a “buy” rating in a research report on Friday, October 10th. One equities research analyst has rated the stock with a Strong Buy rating, five have given a Buy rating and four have issued a Hold rating to the stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average target price of $338.29.

Jones Lang LaSalle Company Profile

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.