Northwestern Mutual Wealth Management Co. Has $459,000 Holdings in Jones Lang LaSalle Incorporated (NYSE:JLL)

Northwestern Mutual Wealth Management Co. trimmed its position in shares of Jones Lang LaSalle Incorporated (NYSE:JLL) by 3.0% during the second quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 2,234 shares of the financial services provider’s stock after selling 70 shares during the quarter. Northwestern Mutual Wealth Management Co.’s holdings in Jones Lang LaSalle were worth $459,000 at the end of the most recent reporting period.

A number of other large investors also recently modified their holdings of JLL. Rise Advisors LLC acquired a new position in Jones Lang LaSalle during the first quarter worth $30,000. Innealta Capital LLC acquired a new stake in shares of Jones Lang LaSalle in the 2nd quarter worth about $34,000. Atlas Capital Advisors LLC bought a new position in Jones Lang LaSalle in the 1st quarter valued at about $35,000. Riverview Trust Co acquired a new position in Jones Lang LaSalle during the 1st quarter valued at about $38,000. Finally, Mather Group LLC. raised its stake in shares of Jones Lang LaSalle by 446.9% in the second 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 last quarter. 94.80% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

Several equities research analysts recently issued reports on the company. StockNews.com upgraded Jones Lang LaSalle from a “buy” rating to a “strong-buy” rating in a report on Friday, September 13th. UBS Group upped their target price on shares of Jones Lang LaSalle from $225.00 to $240.00 and gave the stock a “buy” rating in a research note on Wednesday, July 3rd. Keefe, Bruyette & Woods raised 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. Raymond James upped their price objective on shares of 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, JPMorgan Chase & Co. lifted their target price on shares of Jones Lang LaSalle from $215.00 to $230.00 and gave the stock an “overweight” rating in a research 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. According to data from MarketBeat.com, Jones Lang LaSalle has an average rating of “Buy” and a consensus target price of $246.80.

Jones Lang LaSalle Stock Up 0.8 %

JLL opened at $261.65 on Wednesday. The company’s 50-day moving average price is $252.64 and its two-hundred day moving average price is $219.48. The company has a quick ratio of 2.58, a current ratio of 2.58 and a debt-to-equity ratio of 0.31. Jones Lang LaSalle Incorporated has a twelve month low of $119.46 and a twelve month high of $273.82. The stock has a market cap of $12.44 billion, a price-to-earnings ratio of 42.07 and a beta of 1.37.

Jones Lang LaSalle (NYSE:JLL) last released its earnings results 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 business had revenue of $5.63 billion during the quarter, compared to the consensus estimate of $5.48 billion. During the same period last year, the business posted $0.50 earnings per share. The business’s revenue for the quarter was up 11.4% on a year-over-year basis. As a group, equities analysts expect that Jones Lang LaSalle Incorporated will post 12.54 earnings per share for the current 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.