Blair William & Co. IL Buys 1,330 Shares of Jones Lang LaSalle Incorporated (NYSE:JLL)

Blair William & Co. IL boosted its stake in Jones Lang LaSalle Incorporated (NYSE:JLL) by 2.8% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 48,172 shares of the financial services provider’s stock after purchasing an additional 1,330 shares during the quarter. Blair William & Co. IL owned approximately 0.10% of Jones Lang LaSalle worth $9,889,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds and other institutional investors have also recently modified their holdings of the stock. Rise Advisors LLC purchased a new stake in shares of Jones Lang LaSalle in the first quarter worth $30,000. Innealta Capital LLC purchased a new stake in shares of Jones Lang LaSalle in the 2nd quarter valued at about $34,000. Atlas Capital Advisors LLC bought a new stake in shares of Jones Lang LaSalle during the 1st quarter valued at about $35,000. Riverview Trust Co purchased a new position in shares of Jones Lang LaSalle during the first quarter worth about $38,000. Finally, Mather Group LLC. raised its stake in Jones Lang LaSalle by 446.9% in the second quarter. Mather Group LLC. now owns 268 shares of the financial services provider’s stock valued at $52,000 after purchasing an additional 219 shares in the last quarter. 94.80% of the stock is currently owned by institutional investors.

Jones Lang LaSalle Price Performance

Shares of Jones Lang LaSalle stock opened at $262.58 on Friday. The stock has a market capitalization of $12.49 billion, a P/E ratio of 42.22 and a beta of 1.37. Jones Lang LaSalle Incorporated has a one year low of $119.46 and a one year high of $265.63. The company has a debt-to-equity ratio of 0.31, a current ratio of 2.58 and a quick ratio of 2.58. The business’s 50 day simple moving average is $245.14 and its two-hundred day simple moving average is $211.96.

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

Analysts Set New Price Targets

A number of brokerages have recently commented on JLL. UBS Group increased their price target on shares of Jones Lang LaSalle from $225.00 to $240.00 and gave the stock a “buy” rating in a report on Wednesday, July 3rd. StockNews.com raised Jones Lang LaSalle from a “buy” rating to a “strong-buy” rating in a research note on Friday, September 13th. JPMorgan Chase & Co. increased their price objective on Jones Lang LaSalle from $215.00 to $230.00 and gave the company an “overweight” rating in a research report on Friday, June 21st. Raymond James boosted their target price on Jones Lang LaSalle from $246.00 to $268.00 and gave the stock a “strong-buy” rating in a research report on Thursday, July 25th. Finally, Keefe, Bruyette & Woods increased 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 research report on Thursday, August 8th. Two equities research analysts have rated the stock with a hold rating, three have issued a buy rating and two have issued a strong buy rating to the stock. According to MarketBeat.com, the company has an average rating of “Buy” and an average price target of $246.80.

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.