Algert Global LLC Sells 13,182 Shares of Jones Lang LaSalle Incorporated (NYSE:JLL)

Algert Global LLC trimmed its position in shares of Jones Lang LaSalle Incorporated (NYSE:JLL) by 45.4% during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 15,878 shares of the financial services provider’s stock after selling 13,182 shares during the quarter. Algert Global LLC’s holdings in Jones Lang LaSalle were worth $3,259,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors also recently modified their holdings of JLL. Rise Advisors LLC acquired a new position in Jones Lang LaSalle during the 1st quarter worth about $30,000. Innealta Capital LLC acquired a new position in shares of Jones Lang LaSalle during the second quarter worth approximately $34,000. Atlas Capital Advisors LLC bought a new stake in shares of Jones Lang LaSalle during the first quarter valued at approximately $35,000. Riverview Trust Co acquired a new position in Jones Lang LaSalle during the 1st quarter worth $38,000. Finally, Mather Group LLC. increased its stake in shares of Jones Lang LaSalle by 446.9% in 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 during the period. Institutional investors own 94.80% of the company’s stock.

Jones Lang LaSalle Price Performance

Shares of JLL stock opened at $266.38 on Wednesday. The firm has a market capitalization of $12.67 billion, a price-to-earnings ratio of 42.83 and a beta of 1.37. Jones Lang LaSalle Incorporated has a 12-month low of $119.46 and a 12-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 firm has a fifty day moving average of $250.91 and a 200-day moving average of $216.86.

Jones Lang LaSalle (NYSE:JLL) last announced its quarterly earnings results on Tuesday, August 6th. The financial services provider reported $2.55 earnings per share (EPS) for the quarter, topping the consensus estimate 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 company had revenue of $5.63 billion during the quarter, compared to the consensus estimate of $5.48 billion. During the same period in the prior year, the company earned $0.50 earnings per share. The company’s revenue for the quarter was up 11.4% compared to the same quarter last year. On average, equities research analysts forecast that Jones Lang LaSalle Incorporated will post 12.54 earnings per share for the current year.

Analyst Ratings Changes

JLL has been the topic of several research reports. Keefe, Bruyette & Woods upped their price target on 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. Raymond James lifted 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 report on Thursday, July 25th. UBS Group increased their price objective on shares of Jones Lang LaSalle from $225.00 to $240.00 and gave the company a “buy” rating in a report on Wednesday, July 3rd. StockNews.com raised shares of Jones Lang LaSalle from a “buy” rating to a “strong-buy” rating in a report on Friday, September 13th. Finally, JPMorgan Chase & Co. raised their price target 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. Two equities research analysts have rated the stock with a hold rating, three have assigned a buy rating and two have issued a strong buy rating to the company. Based on data from MarketBeat.com, Jones Lang LaSalle currently has a consensus rating of “Buy” and a consensus target price of $246.80.

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.