Vanguard Personalized Indexing Management LLC Increases Holdings in Jones Lang LaSalle Incorporated (NYSE:JLL)

Vanguard Personalized Indexing Management LLC increased its stake in Jones Lang LaSalle Incorporated (NYSE:JLL) by 12.6% in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 7,453 shares of the financial services provider’s stock after acquiring an additional 832 shares during the period. Vanguard Personalized Indexing Management LLC’s holdings in Jones Lang LaSalle were worth $1,530,000 as of its most recent SEC filing.

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

Analyst Ratings Changes

JLL has been the subject of several recent analyst reports. UBS Group boosted their target price 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 upped their price objective on Jones Lang LaSalle from $246.00 to $268.00 and gave the company a “strong-buy” rating in a research report on Thursday, July 25th. Keefe, Bruyette & Woods lifted their target price on Jones Lang LaSalle from $240.00 to $250.00 and gave the stock a “market perform” rating in a research 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. Finally, JPMorgan Chase & Co. lifted their price objective on shares of Jones Lang LaSalle from $215.00 to $230.00 and gave the company an “overweight” rating in a report on Friday, June 21st. Two analysts have rated the stock with a hold rating, three have issued a buy rating and two have assigned a strong buy rating to the company’s stock. According to data from MarketBeat, Jones Lang LaSalle presently has a consensus rating of “Buy” and a consensus price target of $246.80.

Jones Lang LaSalle Stock Down 0.3 %

Shares of Jones Lang LaSalle stock opened at $262.40 on Friday. 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 stock has a market cap of $12.48 billion, a price-to-earnings ratio of 42.19 and a beta of 1.37. The firm’s 50-day moving average is $245.88 and its two-hundred day moving average is $212.62. Jones Lang LaSalle Incorporated has a 1 year low of $119.46 and a 1 year high of $265.63.

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

Jones Lang LaSalle 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.