Jones Lang LaSalle Incorporated (NYSE:JLL) Position Boosted by Parallel Advisors LLC

Parallel Advisors LLC grew its holdings in shares of Jones Lang LaSalle Incorporated (NYSE:JLL) by 3.1% in the second quarter, according to its most recent filing with the SEC. The firm owned 1,625 shares of the financial services provider’s stock after acquiring an additional 49 shares during the quarter. Parallel Advisors LLC’s holdings in Jones Lang LaSalle were worth $334,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently modified their holdings of JLL. DekaBank Deutsche Girozentrale increased its stake in Jones Lang LaSalle by 48.1% during the 2nd quarter. DekaBank Deutsche Girozentrale now owns 3,694 shares of the financial services provider’s stock valued at $756,000 after buying an additional 1,199 shares during the period. Equity Investment Corp raised its holdings in Jones Lang LaSalle by 0.3% during the second quarter. Equity Investment Corp now owns 437,769 shares of the financial services provider’s stock worth $89,865,000 after purchasing an additional 1,281 shares in the last quarter. Johnson Investment Counsel Inc. boosted its stake in Jones Lang LaSalle by 23.0% during the 2nd quarter. Johnson Investment Counsel Inc. now owns 12,720 shares of the financial services provider’s stock valued at $2,611,000 after purchasing an additional 2,380 shares in the last quarter. American Century Companies Inc. increased its position in shares of Jones Lang LaSalle by 46.7% during the 2nd quarter. American Century Companies Inc. now owns 39,976 shares of the financial services provider’s stock valued at $8,206,000 after purchasing an additional 12,732 shares during the period. Finally, Headlands Technologies LLC acquired a new stake in shares of Jones Lang LaSalle in the second quarter valued at $113,000. Institutional investors own 94.80% of the company’s stock.

Jones Lang LaSalle Stock Up 2.3 %

Shares of Jones Lang LaSalle stock opened at $257.14 on Thursday. The company has a current ratio of 2.58, a quick ratio of 2.58 and a debt-to-equity ratio of 0.31. Jones Lang LaSalle Incorporated has a 1 year low of $119.46 and a 1 year high of $263.36. The stock has a 50-day moving average price of $243.23 and a 200 day moving average price of $211.28. The company has a market cap of $12.23 billion, a P/E ratio of 41.36 and a beta of 1.37.

Jones Lang LaSalle (NYSE:JLL) last posted its quarterly earnings results on Tuesday, August 6th. The financial services provider reported $2.55 EPS for the quarter, topping the consensus estimate of $2.30 by $0.25. The business had revenue of $5.63 billion during the quarter, compared to analysts’ expectations of $5.48 billion. Jones Lang LaSalle had a net margin of 1.76% and a return on equity of 8.03%. The firm’s quarterly revenue was up 11.4% compared to the same quarter last year. During the same period last year, the company posted $0.50 earnings per share. As a group, analysts expect that Jones Lang LaSalle Incorporated will post 12.54 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

JLL has been the topic of several research reports. Keefe, Bruyette & Woods upped their price target on shares of Jones Lang LaSalle from $240.00 to $250.00 and gave the company a “market perform” rating in a report on Thursday, August 8th. StockNews.com upgraded shares of Jones Lang LaSalle from a “buy” rating to a “strong-buy” rating in a report on Friday, September 13th. UBS Group increased their price objective on Jones Lang LaSalle from $225.00 to $240.00 and gave the company a “buy” rating in a research report on Wednesday, July 3rd. Raymond James lifted their target price on Jones Lang LaSalle from $246.00 to $268.00 and gave the stock a “strong-buy” rating in a report on Thursday, July 25th. Finally, JPMorgan Chase & Co. upped their target price on Jones Lang LaSalle from $215.00 to $230.00 and gave the company an “overweight” rating in a report on Friday, June 21st. Two investment analysts have rated the stock with a hold rating, three have assigned a buy rating and two have issued a strong buy rating to the company’s stock. According to MarketBeat.com, the company has a consensus rating of “Buy” and a consensus price target of $246.80.

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.