XTX Topco Ltd Acquires 1,772 Shares of Jones Lang LaSalle Incorporated (NYSE:JLL)

XTX Topco Ltd increased its holdings in shares of Jones Lang LaSalle Incorporated (NYSE:JLL) by 69.2% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 4,334 shares of the financial services provider’s stock after acquiring an additional 1,772 shares during the quarter. XTX Topco Ltd’s holdings in Jones Lang LaSalle were worth $890,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also bought and sold shares of the business. EdgePoint Investment Group Inc. raised its stake in shares of Jones Lang LaSalle by 27.3% during the 1st quarter. EdgePoint Investment Group Inc. now owns 2,072,046 shares of the financial services provider’s stock worth $404,235,000 after purchasing an additional 443,992 shares during the period. Dimensional Fund Advisors LP raised its position in Jones Lang LaSalle by 1.9% in the second quarter. Dimensional Fund Advisors LP now owns 1,472,703 shares of the financial services provider’s stock worth $302,318,000 after acquiring an additional 26,814 shares during the period. Massachusetts Financial Services Co. MA boosted its stake in Jones Lang LaSalle by 20.9% in the second quarter. Massachusetts Financial Services Co. MA now owns 1,049,392 shares of the financial services provider’s stock valued at $215,419,000 after acquiring an additional 181,246 shares during the last quarter. Boston Trust Walden Corp grew its position in shares of Jones Lang LaSalle by 1.2% during the 2nd quarter. Boston Trust Walden Corp now owns 672,994 shares of the financial services provider’s stock valued at $138,152,000 after acquiring an additional 7,698 shares during the period. Finally, Price T Rowe Associates Inc. MD increased its stake in shares of Jones Lang LaSalle by 84.8% during the 4th quarter. Price T Rowe Associates Inc. MD now owns 589,128 shares of the financial services provider’s stock worth $111,270,000 after purchasing an additional 270,404 shares during the last quarter. Hedge funds and other institutional investors own 94.80% of the company’s stock.

Jones Lang LaSalle Stock Performance

Jones Lang LaSalle stock opened at $262.40 on Friday. The firm’s 50 day simple moving average is $245.88 and its 200 day simple moving average is $212.62. 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 $265.63. The firm has a market capitalization of $12.48 billion, a PE ratio of 42.19 and a beta of 1.37.

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

Wall Street Analysts Forecast Growth

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