Jones Lang LaSalle Incorporated $JLL Shares Sold by Summit Investment Advisors Inc.

Summit Investment Advisors Inc. decreased its holdings in shares of Jones Lang LaSalle Incorporated (NYSE:JLL) by 1.0% during the first quarter, according to its most recent disclosure with the SEC. The fund owned 17,185 shares of the financial services provider’s stock after selling 168 shares during the period. Summit Investment Advisors Inc.’s holdings in Jones Lang LaSalle were worth $4,260,000 at the end of the most recent quarter.

Several other large investors also recently bought and sold shares of JLL. Swedbank AB increased its position 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 valued at $239,960,000 after acquiring an additional 501,716 shares during the period. Select Equity Group L.P. grew its stake in Jones Lang LaSalle by 50.7% during the 1st 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 raised its stake in shares of Jones Lang LaSalle by 194.0% in the first quarter. Allianz Asset Management GmbH now owns 395,337 shares of the financial services provider’s stock worth $98,008,000 after purchasing an additional 260,847 shares during the last quarter. Nuveen LLC acquired a new stake in shares of Jones Lang LaSalle during the first quarter worth about $53,533,000. Finally, EdgePoint Investment Group Inc. increased its holdings in Jones Lang LaSalle by 11.9% in the 1st quarter. EdgePoint Investment Group Inc. now owns 1,835,344 shares of the financial services provider’s stock worth $455,000,000 after buying an additional 195,818 shares during the period. Hedge funds and other institutional investors own 94.80% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of analysts have recently weighed in on the stock. Weiss Ratings reiterated a “hold (c+)” rating on shares of Jones Lang LaSalle in a research note on Wednesday, October 8th. The Goldman Sachs Group raised their target price on Jones Lang LaSalle from $338.00 to $378.00 and gave the stock a “buy” rating in a report on Wednesday, August 13th. JPMorgan Chase & Co. upped their price objective on Jones Lang LaSalle from $285.00 to $372.00 and gave the stock an “overweight” rating in a research report on Tuesday, August 26th. Wall Street Zen upgraded shares of Jones Lang LaSalle from a “buy” rating to a “strong-buy” rating in a research note on Saturday. Finally, JMP Securities initiated coverage on shares of Jones Lang LaSalle in a research note on Monday, July 21st. They set a “market perform” rating on the stock. One investment analyst has rated the stock with a Strong Buy rating, five have assigned a Buy rating and four have given a Hold rating to the company. Based on data from MarketBeat, Jones Lang LaSalle currently has an average rating of “Moderate Buy” and an average price target of $338.29.

Jones Lang LaSalle Price Performance

NYSE:JLL opened at $299.77 on Friday. The stock has a 50 day moving average of $303.33 and a two-hundred day moving average of $269.59. Jones Lang LaSalle Incorporated has a 12 month low of $194.36 and a 12 month high of $322.36. The firm has a market cap of $14.20 billion, a P/E ratio of 25.78 and a beta of 1.46. The company has a current ratio of 2.35, a quick ratio of 2.35 and a debt-to-equity ratio of 0.16.

Jones Lang LaSalle (NYSE:JLL) last issued its quarterly earnings results on Wednesday, November 5th. The financial services provider reported $4.50 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $4.24 by $0.26. Jones Lang LaSalle had a return on equity of 10.63% and a net margin of 2.28%.The firm had revenue of $6.51 billion for the quarter, compared to analyst estimates of $6.49 billion. During the same period in the previous year, the company posted $3.50 earnings per share. The business’s revenue was up 10.9% on a year-over-year basis. On average, analysts expect that Jones Lang LaSalle Incorporated will post 16.45 earnings per share for the current fiscal year.

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.