M&T Bank Corp raised its holdings in shares of Jones Lang LaSalle Inc (NYSE:JLL) by 36.4% in the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 3,082 shares of the financial services provider’s stock after buying an additional 823 shares during the quarter. M&T Bank Corp’s holdings in Jones Lang LaSalle were worth $433,000 as of its most recent filing with the Securities & Exchange Commission.
A number of other institutional investors have also bought and sold shares of the stock. BlackRock Inc. boosted its holdings in shares of Jones Lang LaSalle by 2.1% in the 1st quarter. BlackRock Inc. now owns 4,854,392 shares of the financial services provider’s stock worth $748,451,000 after purchasing an additional 101,492 shares in the last quarter. AJO LP raised its position in shares of Jones Lang LaSalle by 18.7% in the 1st quarter. AJO LP now owns 981,606 shares of the financial services provider’s stock worth $151,344,000 after acquiring an additional 154,443 shares in the last quarter. Clearbridge Investments LLC raised its position in shares of Jones Lang LaSalle by 1.0% in the 1st quarter. Clearbridge Investments LLC now owns 888,782 shares of the financial services provider’s stock worth $137,032,000 after acquiring an additional 8,678 shares in the last quarter. Fort Washington Investment Advisors Inc. OH raised its position in shares of Jones Lang LaSalle by 3.2% in the 2nd quarter. Fort Washington Investment Advisors Inc. OH now owns 845,097 shares of the financial services provider’s stock worth $118,897,000 after acquiring an additional 26,343 shares in the last quarter. Finally, Dimensional Fund Advisors LP raised its position in shares of Jones Lang LaSalle by 4.7% in the 4th quarter. Dimensional Fund Advisors LP now owns 765,479 shares of the financial services provider’s stock worth $96,926,000 after acquiring an additional 34,602 shares in the last quarter. Institutional investors and hedge funds own 82.38% of the company’s stock.
Shares of JLL stock opened at $139.31 on Friday. The stock has a market capitalization of $7.21 billion, a price-to-earnings ratio of 11.37, a price-to-earnings-growth ratio of 1.28 and a beta of 1.75. Jones Lang LaSalle Inc has a 12-month low of $119.79 and a 12-month high of $173.32. The company has a current ratio of 1.95, a quick ratio of 1.95 and a debt-to-equity ratio of 0.44. The stock’s 50-day moving average price is $136.49 and its 200-day moving average price is $142.03.
Jones Lang LaSalle (NYSE:JLL) last released its quarterly earnings results on Tuesday, August 6th. The financial services provider reported $2.94 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $2.33 by $0.61. Jones Lang LaSalle had a return on equity of 15.79% and a net margin of 2.76%. The company had revenue of $2.35 billion during the quarter, compared to analyst estimates of $2.28 billion. During the same quarter last year, the business posted $2.26 earnings per share. The firm’s revenue was up 8.5% on a year-over-year basis. As a group, research analysts predict that Jones Lang LaSalle Inc will post 12.13 EPS for the current fiscal year.
JLL has been the subject of several research reports. Compass Point started coverage on Jones Lang LaSalle in a research report on Wednesday, July 10th. They issued a “buy” rating and a $180.00 target price for the company. DA Davidson started coverage on Jones Lang LaSalle in a research note on Thursday, July 11th. They set a “buy” rating on the stock. UBS Group increased their target price on Jones Lang LaSalle from $175.00 to $178.00 and gave the company a “buy” rating in a research note on Monday, August 12th. Finally, JPMorgan Chase & Co. assumed coverage on Jones Lang LaSalle in a report on Wednesday, July 17th. They issued an “overweight” rating and a $140.23 target price on the stock. Two equities research analysts have rated the stock with a sell rating, three have assigned a hold rating and eight have given a buy rating to the company. The stock currently has an average rating of “Hold” and a consensus target price of $173.91.
Jones Lang LaSalle Profile
Jones Lang LaSalle Incorporated, a professional services company, provides commercial real estate and investment management services worldwide. It offers a range of real estate services, including agency leasing, logistics and supply-chain management, corporate finance, mortgage origination and servicing, debt placement, project and development management/design, digital, property management, energy and sustainability, real estate investment banking, integrated facilities management, research, investment management and advisory, strategic consulting and advisory, investment sale, tenant representation, lease administration, and valuations.
See Also: Why Net Income is Important to Investors
Receive News & Ratings for Jones Lang LaSalle Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Jones Lang LaSalle and related companies with MarketBeat.com's FREE daily email newsletter.