Cascade Investment Advisors Inc. Has $1.96 Million Position in Jones Lang LaSalle Incorporated $JLL

Cascade Investment Advisors Inc. cut its position in shares of Jones Lang LaSalle Incorporated (NYSE:JLL) by 0.8% during the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 7,667 shares of the financial services provider’s stock after selling 65 shares during the quarter. Jones Lang LaSalle accounts for 1.3% of Cascade Investment Advisors Inc.’s portfolio, making the stock its 20th biggest holding. Cascade Investment Advisors Inc.’s holdings in Jones Lang LaSalle were worth $1,961,000 as of its most recent filing with the Securities & Exchange Commission.

Several other large investors have also recently added to or reduced their stakes in the company. Golden State Wealth Management LLC acquired a new stake in shares of Jones Lang LaSalle during the 1st quarter worth approximately $33,000. Thurston Springer Miller Herd & Titak Inc. raised its stake in shares of Jones Lang LaSalle by 322.6% in the second quarter. Thurston Springer Miller Herd & Titak Inc. now owns 131 shares of the financial services provider’s stock valued at $34,000 after purchasing an additional 100 shares in the last quarter. SVB Wealth LLC bought a new position in Jones Lang LaSalle in the first quarter worth $38,000. Western Pacific Wealth Management LP acquired a new stake in Jones Lang LaSalle during the first quarter worth $41,000. Finally, Brooklyn Investment Group increased its holdings in Jones Lang LaSalle by 142.1% in the 1st quarter. Brooklyn Investment Group now owns 322 shares of the financial services provider’s stock valued at $80,000 after buying an additional 189 shares during the period. Institutional investors and hedge funds own 94.80% of the company’s stock.

Jones Lang LaSalle Stock Performance

Jones Lang LaSalle stock opened at $282.72 on Monday. The company has a market cap of $13.40 billion, a PE ratio of 24.31 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 1 year low of $194.36 and a 1 year high of $322.36. The company’s 50-day moving average is $298.64 and its two-hundred day moving average is $258.52.

Jones Lang LaSalle (NYSE:JLL) last posted its quarterly earnings results on Wednesday, August 6th. The financial services provider reported $3.30 earnings per share for the quarter, topping analysts’ consensus estimates of $3.20 by $0.10. Jones Lang LaSalle had a net margin of 2.28% and a return on equity of 10.63%. The business had revenue of $6.25 billion during the quarter, compared to the consensus estimate of $6.17 billion. During the same period in the previous year, the firm posted $2.55 earnings per share. Jones Lang LaSalle’s revenue for the quarter was up 11.0% compared to the same quarter last year. Equities analysts anticipate that Jones Lang LaSalle Incorporated will post 16.45 earnings per share for the current year.

Analysts Set New Price Targets

Several analysts have recently weighed in on the stock. UBS Group lifted their target price on shares of Jones Lang LaSalle from $340.00 to $360.00 and gave the company a “buy” rating in a research report on Friday. The Goldman Sachs Group lifted their price objective on Jones Lang LaSalle from $338.00 to $378.00 and gave the company a “buy” rating in a report on Wednesday, August 13th. JPMorgan Chase & Co. upped their price objective on Jones Lang LaSalle from $285.00 to $372.00 and gave the company an “overweight” rating in a research note on Tuesday, August 26th. JMP Securities started coverage on Jones Lang LaSalle in a research report on Monday, July 21st. They set a “market perform” rating for the company. Finally, Wall Street Zen upgraded Jones Lang LaSalle from a “hold” rating to a “buy” rating in a research report on Sunday, August 31st. One investment analyst has rated the stock with a Strong Buy rating, five have assigned a Buy rating and four have issued a Hold rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $338.29.

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.