Envestnet Asset Management Inc. Has $29.97 Million Stake in Jones Lang LaSalle Incorporated $JLL

Envestnet Asset Management Inc. lowered its position in Jones Lang LaSalle Incorporated (NYSE:JLL) by 40.5% in the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 117,169 shares of the financial services provider’s stock after selling 79,596 shares during the quarter. Envestnet Asset Management Inc. owned 0.25% of Jones Lang LaSalle worth $29,969,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors and hedge funds also recently made changes to their positions in the company. Chilton Capital Management LLC acquired a new position in shares of Jones Lang LaSalle in the second quarter valued at approximately $26,000. Thurston Springer Miller Herd & Titak Inc. increased 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 buying an additional 100 shares during the period. SVB Wealth LLC acquired a new position in shares of Jones Lang LaSalle in the first quarter valued at approximately $38,000. Whittier Trust Co. increased its stake in shares of Jones Lang LaSalle by 40.9% in the second quarter. Whittier Trust Co. now owns 217 shares of the financial services provider’s stock valued at $56,000 after buying an additional 63 shares during the period. Finally, Brooklyn Investment Group increased its stake in shares of Jones Lang LaSalle by 142.1% in the first 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.

Analysts Set New Price Targets

JLL has been the subject of several recent research reports. 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. Keefe, Bruyette & Woods upped their target price on Jones Lang LaSalle from $317.00 to $345.00 and gave the company an “outperform” rating in a report on Thursday, October 9th. Weiss Ratings reiterated a “hold (c+)” rating on shares of Jones Lang LaSalle in a report on Wednesday, October 8th. UBS Group upped their target price on Jones Lang LaSalle from $340.00 to $360.00 and gave the company a “buy” rating in a report on Friday, October 10th. Finally, JMP Securities initiated coverage on Jones Lang LaSalle in a report on Monday, July 21st. They issued a “market perform” rating on the stock. One research 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 data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $338.29.

Jones Lang LaSalle Stock Performance

Shares of JLL stock opened at $305.13 on Monday. The company has a market cap of $14.46 billion, a price-to-earnings ratio of 26.24 and a beta of 1.39. Jones Lang LaSalle Incorporated has a 52 week low of $194.36 and a 52 week 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 50 day moving average of $304.39 and a 200-day moving average of $267.41.

Jones Lang LaSalle (NYSE:JLL) last announced its quarterly earnings data on Wednesday, August 6th. The financial services provider reported $3.30 EPS for the quarter, topping 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 net margin of 2.28% and a return on equity of 10.63%. The company’s quarterly revenue was up 11.0% on a year-over-year basis. During the same quarter last year, the firm posted $2.55 EPS. On average, equities analysts forecast that Jones Lang LaSalle Incorporated will post 16.45 earnings per share for the current 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.