Tower Research Capital LLC TRC purchased a new position in shares of Jones Lang LaSalle Inc. (NYSE:JLL) during the second quarter, according to its most recent filing with the SEC. The firm purchased 2,055 shares of the company’s stock, valued at approximately $200,000.
A number of other institutional investors have also recently added to or reduced their stakes in JLL. Synovus Financial Corp raised its position in Jones Lang LaSalle by 0.5% in the second quarter. Synovus Financial Corp now owns 1,541 shares of the company’s stock worth $148,000 after buying an additional 8 shares during the period. JNBA Financial Advisors bought a new position in shares of Jones Lang LaSalle during the second quarter worth about $190,000. NN Investment Partners Holdings N.V. bought a new position in shares of Jones Lang LaSalle during the first quarter worth about $204,000. Parametrica Management Ltd bought a new position in shares of Jones Lang LaSalle during the second quarter worth about $205,000. Finally, LPL Financial LLC bought a new position in shares of Jones Lang LaSalle during the first quarter worth about $209,000. Hedge funds and other institutional investors own 88.39% of the company’s stock.
Jones Lang LaSalle Inc. (NYSE:JLL) opened at 111.64 on Friday. The company has a 50-day moving average of $115.48 and a 200 day moving average of $113.52. Jones Lang LaSalle Inc. has a one year low of $90.07 and a one year high of $171.63. The firm has a market capitalization of $5.04 billion, a price-to-earnings ratio of 12.36 and a beta of 1.96.
Jones Lang LaSalle (NYSE:JLL) last announced its quarterly earnings results on Tuesday, August 2nd. The company reported $1.93 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.84 by $0.09. The company had revenue of $1.60 billion for the quarter, compared to analyst estimates of $1.47 billion. Jones Lang LaSalle had a net margin of 6.50% and a return on equity of 16.44%. The firm’s revenue was up 16.7% on a year-over-year basis. During the same period in the previous year, the firm posted $2.05 EPS. On average, analysts anticipate that Jones Lang LaSalle Inc. will post $9.42 EPS for the current year.
JLL has been the topic of a number of research reports. TheStreet upgraded shares of Jones Lang LaSalle from a “hold” rating to a “buy” rating in a research report on Thursday, August 18th. JMP Securities reiterated a “buy” rating on shares of Jones Lang LaSalle in a research report on Wednesday, June 8th. Zacks Investment Research upgraded shares of Jones Lang LaSalle from a “sell” rating to a “hold” rating in a research report on Monday, September 12th. Keefe, Bruyette & Woods upped their target price on shares of Jones Lang LaSalle from $124.00 to $129.00 and gave the stock an “outperform” rating in a research report on Wednesday, August 3rd. Finally, Barclays PLC reduced their target price on shares of Jones Lang LaSalle from $136.00 to $132.00 and set an “overweight” rating on the stock in a research report on Thursday, August 18th. One investment analyst has rated the stock with a hold rating and five have assigned a buy rating to the stock. The stock currently has an average rating of “Buy” and an average target price of $149.20.
In related news, Director Sheila A. Penrose sold 1,000 shares of Jones Lang LaSalle stock in a transaction that occurred on Monday, September 19th. The shares were sold at an average price of $115.00, for a total transaction of $115,000.00. Following the sale, the director now directly owns 50,416 shares of the company’s stock, valued at approximately $5,797,840. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Corporate insiders own 0.68% of the company’s stock.
About Jones Lang LaSalle
Jones Lang LaSalle Incorporated (JLL) is a financial and professional services firm specializing in real estate. The Company operates through four business segments: Americas; Europe, Middle East and Africa (EMEA); Asia Pacific, and LaSalle. JLL provides real estate services (RES) through three business segments: the Americas, EMEA and Asia Pacific.
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