Signaturefd LLC Sells 680 Shares of Jones Lang LaSalle Incorporated $JLL

Signaturefd LLC cut its position in shares of Jones Lang LaSalle Incorporated (NYSE:JLL) by 50.5% during the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 667 shares of the financial services provider’s stock after selling 680 shares during the quarter. Signaturefd LLC’s holdings in Jones Lang LaSalle were worth $171,000 as of its most recent SEC filing.

Several other institutional investors have also recently modified their holdings of the company. Golden State Wealth Management LLC purchased a new stake in Jones Lang LaSalle during the 1st quarter valued at about $33,000. Thurston Springer Miller Herd & Titak Inc. boosted its holdings in Jones Lang LaSalle by 322.6% during the 2nd quarter. Thurston Springer Miller Herd & Titak Inc. now owns 131 shares of the financial services provider’s stock valued at $34,000 after acquiring an additional 100 shares during the period. SVB Wealth LLC purchased a new stake in Jones Lang LaSalle during the 1st quarter valued at about $38,000. Western Pacific Wealth Management LP purchased a new stake in Jones Lang LaSalle during the 1st quarter valued at about $41,000. Finally, Brooklyn Investment Group boosted its holdings in Jones Lang LaSalle by 142.1% during the 1st quarter. Brooklyn Investment Group now owns 322 shares of the financial services provider’s stock valued at $80,000 after acquiring an additional 189 shares during the period. 94.80% of the stock is currently owned by institutional investors.

Jones Lang LaSalle Stock Up 0.5%

JLL stock opened at $294.86 on Friday. Jones Lang LaSalle Incorporated has a twelve month low of $194.36 and a twelve month high of $322.36. The company has a quick ratio of 2.35, a current ratio of 2.35 and a debt-to-equity ratio of 0.16. The firm has a market cap of $13.97 billion, a PE ratio of 25.35 and a beta of 1.39. The business has a 50 day moving average of $296.98 and a 200 day moving average of $257.38.

Jones Lang LaSalle (NYSE:JLL) last posted its quarterly earnings data on Wednesday, August 6th. The financial services provider reported $3.30 earnings per share for the quarter, beating analysts’ consensus estimates of $3.20 by $0.10. Jones Lang LaSalle had a return on equity of 10.63% and a net margin of 2.28%.The company had revenue of $6.25 billion during the quarter, compared to analyst estimates of $6.17 billion. During the same quarter last year, the company earned $2.55 EPS. The firm’s revenue for the quarter was up 11.0% on a year-over-year basis. On average, research analysts forecast that Jones Lang LaSalle Incorporated will post 16.45 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

Several brokerages recently weighed in on JLL. Weiss Ratings restated a “hold (c+)” rating on shares of Jones Lang LaSalle in a report on Saturday, September 27th. JPMorgan Chase & Co. increased their target price on Jones Lang LaSalle from $285.00 to $372.00 and gave the company an “overweight” rating in a report on Tuesday, August 26th. Citizens Jmp initiated coverage on Jones Lang LaSalle in a report on Monday, July 21st. They issued a “market perform” rating for the company. The Goldman Sachs Group increased their price objective on Jones Lang LaSalle from $338.00 to $378.00 and gave the stock a “buy” rating in a report on Wednesday, August 13th. Finally, UBS Group increased their price objective on Jones Lang LaSalle from $305.00 to $340.00 and gave the stock a “buy” rating in a report on Wednesday, July 2nd. One investment analyst has rated the stock with a Strong Buy rating, five have assigned a Buy rating and four have assigned a Hold rating to the company’s stock. According to MarketBeat, Jones Lang LaSalle currently has an average rating of “Moderate Buy” and a consensus target price of $328.57.

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.