ProShare Advisors LLC Reduces Position in Jones Lang LaSalle Incorporated (NYSE:JLL)

ProShare Advisors LLC lessened its holdings in shares of Jones Lang LaSalle Incorporated (NYSE:JLL) by 3.4% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 2,243 shares of the financial services provider’s stock after selling 79 shares during the quarter. ProShare Advisors LLC’s holdings in Jones Lang LaSalle were worth $460,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors and hedge funds have also modified their holdings of the business. Rise Advisors LLC purchased a new position in shares of Jones Lang LaSalle during the 1st quarter valued at $30,000. Innealta Capital LLC purchased a new position in shares of Jones Lang LaSalle during the 2nd quarter valued at $34,000. Atlas Capital Advisors LLC purchased a new position in shares of Jones Lang LaSalle during the 1st quarter valued at $35,000. Riverview Trust Co purchased a new position in shares of Jones Lang LaSalle during the 1st quarter valued at $38,000. Finally, Mather Group LLC. lifted 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 valued at $52,000 after buying an additional 219 shares in the last quarter. Hedge funds and other institutional investors own 94.80% of the company’s stock.

Analysts Set New Price Targets

A number of research analysts recently weighed in on JLL shares. UBS Group lifted their target price on shares of Jones Lang LaSalle from $225.00 to $240.00 and gave the company a “buy” rating in a research note on Wednesday, July 3rd. 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. JPMorgan Chase & Co. boosted their price target on shares of Jones Lang LaSalle from $215.00 to $230.00 and gave the stock an “overweight” rating in a research note on Friday, June 21st. Raymond James boosted their price target 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. Finally, Keefe, Bruyette & Woods boosted their price target on shares of Jones Lang LaSalle from $240.00 to $250.00 and gave the stock 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 assigned a buy rating and two have assigned a strong buy rating to the stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Buy” and an average price target of $246.80.

Jones Lang LaSalle Stock Performance

Jones Lang LaSalle stock opened at $266.38 on Wednesday. The company’s 50-day moving average price is $250.91 and its 200-day moving average price is $216.86. Jones Lang LaSalle Incorporated has a twelve month low of $119.46 and a twelve month high of $273.82. The company has a quick ratio of 2.58, a current ratio of 2.58 and a debt-to-equity ratio of 0.31. The company has a market cap of $12.67 billion, a PE ratio of 42.83 and a beta of 1.37.

Jones Lang LaSalle (NYSE:JLL) last issued its quarterly earnings results on Tuesday, August 6th. The financial services provider reported $2.55 EPS for the quarter, beating the consensus estimate of $2.30 by $0.25. The company 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 firm’s revenue was up 11.4% compared to the same quarter last year. During the same period in the prior year, the firm posted $0.50 EPS. On average, equities research analysts forecast that Jones Lang LaSalle Incorporated will post 12.54 EPS for the current fiscal year.

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.