IFP Advisors Inc Sells 193 Shares of Jones Lang LaSalle Incorporated $JLL

IFP Advisors Inc lessened its holdings in Jones Lang LaSalle Incorporated (NYSE:JLL) by 27.7% in the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 504 shares of the financial services provider’s stock after selling 193 shares during the quarter. IFP Advisors Inc’s holdings in Jones Lang LaSalle were worth $129,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors have also recently bought and sold shares of the business. EdgePoint Investment Group Inc. grew its stake in Jones Lang LaSalle by 11.9% in the 1st quarter. EdgePoint Investment Group Inc. now owns 1,835,344 shares of the financial services provider’s stock valued at $455,000,000 after purchasing an additional 195,818 shares during the period. Select Equity Group L.P. grew its stake in Jones Lang LaSalle by 50.7% in the 1st quarter. Select Equity Group L.P. now owns 1,062,069 shares of the financial services provider’s stock valued at $263,298,000 after purchasing an additional 357,469 shares during the period. Invesco Ltd. grew its stake in Jones Lang LaSalle by 1.8% in the 1st quarter. Invesco Ltd. now owns 961,959 shares of the financial services provider’s stock valued at $238,479,000 after purchasing an additional 17,336 shares during the period. Swedbank AB grew its stake in Jones Lang LaSalle by 115.0% in the 2nd quarter. Swedbank AB now owns 938,149 shares of the financial services provider’s stock valued at $239,960,000 after purchasing an additional 501,716 shares during the period. Finally, Northern Trust Corp lifted its position in shares of Jones Lang LaSalle by 21.6% during the 1st quarter. Northern Trust Corp now owns 548,227 shares of the financial services provider’s stock valued at $135,911,000 after buying an additional 97,492 shares during the last quarter. Institutional investors own 94.80% of the company’s stock.

Jones Lang LaSalle Stock Performance

Shares of JLL opened at $300.48 on Friday. The stock’s 50-day simple moving average is $300.95 and its 200 day simple moving average is $260.17. The stock has a market capitalization of $14.24 billion, a price-to-earnings ratio of 25.84 and a beta of 1.39. The company has a debt-to-equity ratio of 0.16, a quick ratio of 2.35 and a current ratio of 2.35. Jones Lang LaSalle Incorporated has a 52-week low of $194.36 and a 52-week high of $322.36.

Jones Lang LaSalle (NYSE:JLL) last issued its quarterly earnings data on Wednesday, August 6th. The financial services provider reported $3.30 earnings per share (EPS) for the quarter, topping 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 business had revenue of $6.25 billion for the quarter, compared to analysts’ expectations of $6.17 billion. During the same quarter in the prior year, the firm posted $2.55 EPS. The firm’s quarterly revenue was up 11.0% on a year-over-year basis. Research analysts forecast that Jones Lang LaSalle Incorporated will post 16.45 EPS for the current fiscal year.

Analysts Set New Price Targets

A number of research analysts have recently commented on the company. JMP Securities assumed coverage on Jones Lang LaSalle in a research report on Monday, July 21st. They set a “market perform” rating on the stock. Keefe, Bruyette & Woods upped their price target on Jones Lang LaSalle from $317.00 to $345.00 and gave the company an “outperform” rating in a research report on Thursday, October 9th. Wall Street Zen raised Jones Lang LaSalle from a “hold” rating to a “buy” rating in a research report on Sunday, August 31st. Citizens Jmp started coverage on Jones Lang LaSalle in a research report on Monday, July 21st. They set a “market perform” rating on the stock. Finally, 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. One 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. According to MarketBeat, Jones Lang LaSalle presently has an average rating of “Moderate Buy” and a consensus price target of $338.29.

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.