Sanctuary Advisors LLC Purchases Shares of 2,356 Jones Lang LaSalle Incorporated (NYSE:JLL)

Sanctuary Advisors LLC purchased a new stake in shares of Jones Lang LaSalle Incorporated (NYSE:JLL) in the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund purchased 2,356 shares of the financial services provider’s stock, valued at approximately $484,000.

Other institutional investors have also recently added to or reduced their stakes in the company. SG Americas Securities LLC raised its position in shares of Jones Lang LaSalle by 368.4% during the 1st quarter. SG Americas Securities LLC now owns 21,006 shares of the financial services provider’s stock worth $4,098,000 after purchasing an additional 16,521 shares during the period. Retirement Systems of Alabama lifted its position in shares of Jones Lang LaSalle by 25.5% during the 1st quarter. Retirement Systems of Alabama now owns 89,283 shares of the financial services provider’s stock valued at $17,418,000 after acquiring an additional 18,156 shares during the last quarter. Harbor Capital Advisors Inc. lifted its holdings in shares of Jones Lang LaSalle by 433.3% in the second quarter. Harbor Capital Advisors Inc. now owns 11,546 shares of the financial services provider’s stock valued at $2,370,000 after purchasing an additional 9,381 shares in the last quarter. BDF Gestion purchased a new stake in shares of Jones Lang LaSalle in the second quarter valued at $3,550,000. Finally, Sumitomo Mitsui Trust Holdings Inc. purchased a new stake in shares of Jones Lang LaSalle during the first quarter worth $1,715,000. Hedge funds and other institutional investors own 94.80% of the company’s stock.

Analyst Ratings Changes

A number of equities research analysts recently weighed in on the company. JPMorgan Chase & Co. lifted their target price on Jones Lang LaSalle from $215.00 to $230.00 and gave the stock an “overweight” rating in a research report on Friday, June 21st. UBS Group upped 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 report on Wednesday, July 3rd. StockNews.com upgraded shares of Jones Lang LaSalle from a “buy” rating to a “strong-buy” rating in a research report on Friday, September 13th. Raymond James upped 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. Finally, Keefe, Bruyette & Woods increased their price objective 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 issued a buy rating and two have assigned a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Buy” and a consensus price target of $246.80.

Jones Lang LaSalle Trading Down 0.7 %

Shares of NYSE:JLL opened at $267.20 on Thursday. The company has a market capitalization of $12.71 billion, a P/E ratio of 42.96 and a beta of 1.37. The company has a debt-to-equity ratio of 0.31, a quick ratio of 2.58 and a current ratio of 2.58. Jones Lang LaSalle Incorporated has a 52-week low of $119.46 and a 52-week high of $273.82. The company has a 50-day simple moving average of $255.71 and a 200 day simple moving average of $222.28.

Jones Lang LaSalle (NYSE:JLL) last announced its earnings results on Tuesday, August 6th. The financial services provider reported $2.55 EPS for the quarter, topping 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 company had revenue of $5.63 billion for the quarter, compared to analysts’ expectations of $5.48 billion. During the same period last year, the firm earned $0.50 earnings per share. The business’s revenue for the quarter was up 11.4% on a year-over-year basis. Sell-side analysts forecast that Jones Lang LaSalle Incorporated will post 12.54 earnings per share for the current 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.