Envestnet Portfolio Solutions Inc. Buys 1,230 Shares of Jones Lang LaSalle Incorporated $JLL

Envestnet Portfolio Solutions Inc. boosted its stake in Jones Lang LaSalle Incorporated (NYSE:JLL) by 41.9% during the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 4,165 shares of the financial services provider’s stock after acquiring an additional 1,230 shares during the period. Envestnet Portfolio Solutions Inc.’s holdings in Jones Lang LaSalle were worth $1,065,000 at the end of the most recent reporting period.

Several other large investors have also added to or reduced their stakes in the stock. Sequoia Financial Advisors LLC boosted its holdings in Jones Lang LaSalle by 83.7% in the second quarter. Sequoia Financial Advisors LLC now owns 2,663 shares of the financial services provider’s stock valued at $681,000 after acquiring an additional 1,213 shares in the last quarter. Vanguard Personalized Indexing Management LLC boosted its holdings in Jones Lang LaSalle by 0.8% in the second quarter. Vanguard Personalized Indexing Management LLC now owns 8,889 shares of the financial services provider’s stock valued at $2,274,000 after acquiring an additional 73 shares in the last quarter. Concurrent Investment Advisors LLC boosted its holdings in Jones Lang LaSalle by 5.3% in the second quarter. Concurrent Investment Advisors LLC now owns 27,032 shares of the financial services provider’s stock valued at $6,914,000 after acquiring an additional 1,368 shares in the last quarter. Johnson Investment Counsel Inc. boosted its holdings in Jones Lang LaSalle by 0.9% in the second quarter. Johnson Investment Counsel Inc. now owns 14,912 shares of the financial services provider’s stock valued at $3,814,000 after acquiring an additional 136 shares in the last quarter. Finally, Blue Trust Inc. boosted its holdings in Jones Lang LaSalle by 21.7% in the second quarter. Blue Trust Inc. now owns 556 shares of the financial services provider’s stock valued at $142,000 after acquiring an additional 99 shares in the last quarter. Institutional investors own 94.80% of the company’s stock.

Jones Lang LaSalle Stock Performance

Shares of Jones Lang LaSalle stock opened at $300.48 on Friday. The stock has a market cap of $14.24 billion, a price-to-earnings ratio of 25.84 and a beta of 1.39. The firm’s 50-day moving average is $300.95 and its 200 day moving average is $260.17. Jones Lang LaSalle Incorporated has a 1 year low of $194.36 and a 1 year high of $322.36. 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 announced its quarterly earnings results on Wednesday, August 6th. The financial services provider reported $3.30 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $3.20 by $0.10. The company had revenue of $6.25 billion for the quarter, compared to analysts’ expectations of $6.17 billion. Jones Lang LaSalle had a net margin of 2.28% and a return on equity of 10.63%. Jones Lang LaSalle’s revenue was up 11.0% compared to the same quarter last year. During the same quarter in the previous year, the business posted $2.55 EPS. Sell-side analysts anticipate that Jones Lang LaSalle Incorporated will post 16.45 EPS for the current fiscal year.

Analysts Set New Price Targets

A number of analysts have recently commented on the stock. Citizens Jmp assumed coverage on shares of Jones Lang LaSalle in a report on Monday, July 21st. They set a “market perform” rating on the stock. Keefe, Bruyette & Woods boosted their target price on shares of Jones Lang LaSalle from $317.00 to $345.00 and gave the company an “outperform” rating in a report on Thursday, October 9th. Weiss Ratings restated a “hold (c+)” rating on shares of Jones Lang LaSalle in a report on Wednesday, October 8th. Wall Street Zen upgraded shares of Jones Lang LaSalle from a “hold” rating to a “buy” rating in a report on Sunday, August 31st. Finally, 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. One equities research analyst has rated the stock with a Strong Buy rating, five have issued a Buy rating and four have given a Hold rating to the company. According to MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus price target 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.