Jones Lang LaSalle Incorporated (NYSE:JLL) Stock Position Reduced by Paralel Advisors LLC

Paralel Advisors LLC decreased its stake in Jones Lang LaSalle Incorporated (NYSE:JLL) by 11.1% in the second quarter, Holdings Channel reports. The institutional investor owned 11,701 shares of the financial services provider’s stock after selling 1,457 shares during the quarter. Paralel Advisors LLC’s holdings in Jones Lang LaSalle were worth $2,402,000 as of its most recent SEC filing.

A number of other institutional investors also recently modified their holdings of JLL. Norges Bank acquired a new stake in Jones Lang LaSalle during the fourth quarter valued at $97,222,000. Swedbank AB acquired a new stake in shares of Jones Lang LaSalle during the 1st quarter valued at about $97,018,000. EdgePoint Investment Group Inc. grew its stake in shares of Jones Lang LaSalle by 27.3% in the 1st quarter. EdgePoint Investment Group Inc. now owns 2,072,046 shares of the financial services provider’s stock valued at $404,235,000 after buying an additional 443,992 shares in the last quarter. Price T Rowe Associates Inc. MD increased its holdings in Jones Lang LaSalle by 84.8% in the fourth quarter. Price T Rowe Associates Inc. MD now owns 589,128 shares of the financial services provider’s stock worth $111,270,000 after buying an additional 270,404 shares during the last quarter. Finally, Epoch Investment Partners Inc. raised its position in Jones Lang LaSalle by 3,097.2% during the fourth quarter. Epoch Investment Partners Inc. now owns 193,240 shares of the financial services provider’s stock valued at $36,497,000 after acquiring an additional 187,196 shares in the last quarter. Institutional investors and hedge funds own 94.80% of the company’s stock.

Jones Lang LaSalle Stock Performance

JLL traded down $4.45 during midday trading on Friday, reaching $245.00. The company’s stock had a trading volume of 195,924 shares, compared to its average volume of 281,938. The company has a current ratio of 2.58, a quick ratio of 2.58 and a debt-to-equity ratio of 0.31. The company has a fifty day simple moving average of $236.31 and a 200 day simple moving average of $207.81. The stock has a market cap of $11.65 billion, a P/E ratio of 39.39 and a beta of 1.37. Jones Lang LaSalle Incorporated has a twelve month low of $119.46 and a twelve month high of $261.83.

Jones Lang LaSalle (NYSE:JLL) last announced its quarterly earnings data on Tuesday, August 6th. The financial services provider reported $2.55 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.30 by $0.25. Jones Lang LaSalle had a net margin of 1.76% and a return on equity of 8.03%. The business had revenue of $5.63 billion for the quarter, compared to the consensus estimate of $5.48 billion. During the same quarter last year, the company posted $0.50 earnings per share. Jones Lang LaSalle’s quarterly revenue was up 11.4% on a year-over-year basis. Research analysts expect that Jones Lang LaSalle Incorporated will post 12.54 earnings per share for the current year.

Analyst Upgrades and Downgrades

Several research analysts have recently commented on the stock. Raymond James increased their price target on shares of Jones Lang LaSalle from $246.00 to $268.00 and gave the stock a “strong-buy” rating in a research note on Thursday, July 25th. UBS Group increased their target price on shares of Jones Lang LaSalle from $225.00 to $240.00 and gave the stock a “buy” rating in a research report on Wednesday, July 3rd. Keefe, Bruyette & Woods boosted their price target on Jones Lang LaSalle from $240.00 to $250.00 and gave the stock a “market perform” rating in a research report on Thursday, August 8th. JPMorgan Chase & Co. increased their price objective on Jones Lang LaSalle from $215.00 to $230.00 and gave the company an “overweight” rating in a report on Friday, June 21st. Finally, StockNews.com lowered Jones Lang LaSalle from a “strong-buy” rating to a “buy” rating in a report on Wednesday. Three investment analysts have rated the stock with a hold rating, four have assigned a buy rating and one has issued a strong buy rating to the company’s stock. Based on data from MarketBeat.com, Jones Lang LaSalle presently has an average rating of “Moderate Buy” and a consensus price target of $235.33.

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.