Sei Investments Co. Has $4.45 Million Holdings in Jones Lang LaSalle Incorporated (NYSE:JLL)

Sei Investments Co. lifted its position in Jones Lang LaSalle Incorporated (NYSE:JLL) by 143.6% in the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 21,660 shares of the financial services provider’s stock after purchasing an additional 12,767 shares during the quarter. Sei Investments Co.’s holdings in Jones Lang LaSalle were worth $4,447,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the company. Rise Advisors LLC bought a new stake in Jones Lang LaSalle in the 1st quarter valued at $30,000. Innealta Capital LLC bought a new stake in Jones Lang LaSalle in the second quarter valued at about $34,000. Atlas Capital Advisors LLC acquired a new position in Jones Lang LaSalle in the first quarter worth about $35,000. Riverview Trust Co bought a new position in Jones Lang LaSalle during the first quarter worth about $38,000. Finally, Mather Group LLC. boosted its holdings in Jones Lang LaSalle by 446.9% during the second quarter. Mather Group LLC. now owns 268 shares of the financial services provider’s stock valued at $52,000 after purchasing an additional 219 shares in the last quarter. 94.80% of the stock is owned by institutional investors.

Jones Lang LaSalle Stock Performance

Shares of Jones Lang LaSalle stock opened at $266.38 on Wednesday. The firm has a 50 day simple moving average of $250.91 and a 200 day simple moving average of $216.86. Jones Lang LaSalle Incorporated has a fifty-two week low of $119.46 and a fifty-two week high of $273.82. The company has a debt-to-equity ratio of 0.31, a current ratio of 2.58 and a quick ratio of 2.58. The firm has a market cap of $12.67 billion, a P/E ratio of 42.83 and a beta of 1.37.

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

Analyst Ratings Changes

A number of equities analysts have recently issued reports on the company. Raymond James increased their target price on Jones Lang LaSalle from $246.00 to $268.00 and gave the stock a “strong-buy” rating in a report on Thursday, July 25th. JPMorgan Chase & Co. lifted their price objective on Jones Lang LaSalle from $215.00 to $230.00 and gave the company an “overweight” rating in a report on Friday, June 21st. StockNews.com raised shares of Jones Lang LaSalle from a “buy” rating to a “strong-buy” rating in a report on Friday, September 13th. UBS Group lifted their price target 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. Finally, Keefe, Bruyette & Woods raised 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 report on Thursday, August 8th. Two analysts have rated the stock with a hold rating, three have given a buy rating and two have assigned a strong buy rating to the stock. According to data from MarketBeat, the stock currently has a consensus rating of “Buy” and a consensus target price of $246.80.

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.