Xponance Inc. Boosts Stock Position in Jones Lang LaSalle Incorporated (NYSE:JLL)

Xponance Inc. lifted its position in shares of Jones Lang LaSalle Incorporated (NYSE:JLL) by 14.1% in the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 6,480 shares of the financial services provider’s stock after purchasing an additional 799 shares during the period. Xponance Inc.’s holdings in Jones Lang LaSalle were worth $1,330,000 as of its most recent SEC filing.

A number of other institutional investors also recently modified their holdings of JLL. Wells Fargo & Company MN boosted its holdings in shares of Jones Lang LaSalle by 5.8% during the fourth quarter. Wells Fargo & Company MN now owns 42,333 shares of the financial services provider’s stock worth $7,995,000 after purchasing an additional 2,323 shares during the period. TD Asset Management Inc bought a new position in Jones Lang LaSalle in the fourth quarter worth about $10,722,000. Allianz Asset Management GmbH raised its stake in Jones Lang LaSalle by 112.2% in the fourth quarter. Allianz Asset Management GmbH now owns 60,729 shares of the financial services provider’s stock worth $11,470,000 after buying an additional 32,104 shares in the last quarter. Treasurer of the State of North Carolina raised its stake in Jones Lang LaSalle by 4.2% in the fourth quarter. Treasurer of the State of North Carolina now owns 21,686 shares of the financial services provider’s stock worth $4,096,000 after buying an additional 870 shares in the last quarter. Finally, Vision Capital Corp bought a new position in Jones Lang LaSalle in the fourth quarter worth about $6,390,000. 94.80% of the stock is currently owned by hedge funds and other institutional investors.

Jones Lang LaSalle Trading Down 2.2 %

NYSE:JLL opened at $266.10 on Friday. The company’s 50 day moving average price is $249.60 and its 200-day moving average price is $215.25. Jones Lang LaSalle Incorporated has a 52 week low of $119.46 and a 52 week 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 stock has a market cap of $12.66 billion, a price-to-earnings ratio of 42.78 and a beta of 1.37.

Jones Lang LaSalle (NYSE:JLL) last posted its quarterly earnings results on Tuesday, August 6th. The financial services provider reported $2.55 EPS for the quarter, beating analysts’ consensus estimates 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 firm had revenue of $5.63 billion for the quarter, compared to analysts’ expectations of $5.48 billion. During the same quarter in the prior year, the company posted $0.50 earnings per share. The business’s revenue for the quarter was up 11.4% on a year-over-year basis. On average, equities research analysts forecast that Jones Lang LaSalle Incorporated will post 12.54 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

JLL has been the subject of a number of research reports. StockNews.com raised shares of Jones Lang LaSalle from a “buy” rating to a “strong-buy” rating in a research note on Friday, September 13th. UBS Group raised 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. JPMorgan Chase & Co. raised their target price on shares of 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 raised their target price on shares of Jones Lang LaSalle from $246.00 to $268.00 and gave the company a “strong-buy” rating in a research note on Thursday, July 25th. Finally, Keefe, Bruyette & Woods raised their target price 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 issued a strong buy rating to the company. Based on data from MarketBeat, Jones Lang LaSalle presently 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.