State of Alaska Department of Revenue Sells 215 Shares of Jones Lang LaSalle Incorporated $JLL

State of Alaska Department of Revenue trimmed its holdings in shares of Jones Lang LaSalle Incorporated (NYSE:JLL) by 3.9% in the second quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 5,341 shares of the financial services provider’s stock after selling 215 shares during the quarter. State of Alaska Department of Revenue’s holdings in Jones Lang LaSalle were worth $1,366,000 as of its most recent filing with the SEC.

A number of other large investors have also bought and sold shares of JLL. Wealth Enhancement Advisory Services LLC increased its stake in Jones Lang LaSalle by 7.2% during the 4th quarter. Wealth Enhancement Advisory Services LLC now owns 1,292 shares of the financial services provider’s stock worth $327,000 after purchasing an additional 87 shares in the last quarter. NBC Securities Inc. bought a new stake in Jones Lang LaSalle during the 1st quarter worth approximately $125,000. UMB Bank n.a. increased its stake in Jones Lang LaSalle by 133.3% during the 1st quarter. UMB Bank n.a. now owns 567 shares of the financial services provider’s stock worth $141,000 after purchasing an additional 324 shares in the last quarter. Yarbrough Capital LLC bought a new stake in Jones Lang LaSalle during the 1st quarter worth approximately $347,000. Finally, Bank of New Hampshire increased its stake in Jones Lang LaSalle by 2.5% during the 1st quarter. Bank of New Hampshire now owns 11,482 shares of the financial services provider’s stock worth $2,847,000 after purchasing an additional 282 shares in the last quarter. 94.80% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

A number of analysts recently issued reports on the company. JMP Securities started coverage on Jones Lang LaSalle in a research note on Monday, July 21st. They set a “market perform” rating for the company. JPMorgan Chase & Co. upped their price target on Jones Lang LaSalle from $285.00 to $372.00 and gave the stock an “overweight” rating in a research report on Tuesday, August 26th. Citizens Jmp started coverage on Jones Lang LaSalle in a research report on Monday, July 21st. They set a “market perform” rating for the company. Wall Street Zen raised Jones Lang LaSalle from a “hold” rating to a “buy” rating in a research report on Sunday, August 31st. Finally, Keefe, Bruyette & Woods upped their price target on Jones Lang LaSalle from $280.00 to $297.00 and gave the stock an “outperform” rating in a research report on Thursday, July 24th. One analyst has rated the stock with a Strong Buy rating, five have issued a Buy rating and four have issued a Hold rating to the company’s stock. According to MarketBeat, Jones Lang LaSalle has a consensus rating of “Moderate Buy” and an average target price of $328.57.

Jones Lang LaSalle Trading Up 0.5%

NYSE JLL opened at $294.86 on Friday. The company has a market cap of $13.97 billion, a PE ratio of 25.35 and a beta of 1.39. The company has a current ratio of 2.35, a quick ratio of 2.35 and a debt-to-equity ratio of 0.16. Jones Lang LaSalle Incorporated has a 12 month low of $194.36 and a 12 month high of $322.36. The stock has a 50 day moving average of $296.98 and a 200-day moving average of $257.41.

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

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.