Jones Lang LaSalle Incorporated $JLL Shares Sold by BDF Gestion

Key Points

• BDF Gestion has reduced its holdings in Jones Lang LaSalle Incorporated by 9.8%, selling 1,505 shares during the second quarter, bringing its total to 13,801 shares valued at $3.53 million.
• Institutional investors own 94.80% of Jones Lang LaSalle's stock, with significant increases in holdings from firms like Swedbank AB and Allianz Asset Management.
• Jones Lang LaSalle's stock trades at around $318.20 per share, with a market cap of $15.08 billion and a P/E ratio of 27.36.

BDF Gestion lowered its position in shares of Jones Lang LaSalle Incorporated (NYSE:JLL - Free Report) by 9.8% in the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 13,801 shares of the financial services provider's stock after selling 1,505 shares during the period. BDF Gestion's holdings in Jones Lang LaSalle were worth $3,530,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Golden State Wealth Management LLC acquired a new position in Jones Lang LaSalle in the first quarter valued at $33,000. Thurston Springer Miller Herd & Titak Inc. grew its position in Jones Lang LaSalle by 322.6% during the second quarter. Thurston Springer Miller Herd & Titak Inc. now owns 131 shares of the financial services provider's stock worth $34,000 after buying an additional 100 shares during the period. SVB Wealth LLC acquired a new stake in shares of Jones Lang LaSalle in the first quarter valued at approximately $38,000. Western Pacific Wealth Management LP acquired a new stake in Jones Lang LaSalle during the first quarter worth approximately $41,000. Finally, Versant Capital Management Inc boosted its holdings in shares of Jones Lang LaSalle by 356.3% in the 1st quarter. Versant Capital Management Inc now owns 324 shares of the financial services provider's stock valued at $80,000 after purchasing an additional 253 shares during the last quarter. Institutional investors and hedge funds own 94.80% of the company's stock.

Jones Lang LaSalle Stock Performance

Shares of NYSE JLL traded down $5.22 during midday trading on Monday, hitting $313.26. The company's stock had a trading volume of 330,446 shares, compared to its average volume of 409,699. Jones Lang LaSalle Incorporated has a 1-year low of $194.36 and a 1-year high of $322.36. The firm's fifty day moving average price is $287.94 and its 200-day moving average price is $253.75. The company has a debt-to-equity ratio of 0.16, a quick ratio of 2.35 and a current ratio of 2.35. The firm has a market cap of $14.84 billion, a P/E ratio of 26.94 and a beta of 1.41.

Jones Lang LaSalle (NYSE:JLL - Get Free Report) last posted its quarterly earnings results on Wednesday, August 6th. The financial services provider reported $3.30 EPS for the quarter, beating the consensus estimate 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 analyst estimates of $6.17 billion. During the same period in the previous year, the business posted $2.55 EPS. The company's quarterly revenue was up 11.0% on a year-over-year basis. On average, sell-side analysts forecast that Jones Lang LaSalle Incorporated will post 16.45 EPS for the current fiscal year.

Analysts Set New Price Targets

Several research firms recently issued reports on JLL. Keefe, Bruyette & Woods lifted their price target on shares of Jones Lang LaSalle from $280.00 to $297.00 and gave the stock an "outperform" rating in a research note on Thursday, July 24th. Citizens Jmp began coverage on shares of Jones Lang LaSalle in a research note on Monday, July 21st. They set a "market perform" rating on the stock. UBS Group lifted their price target on shares of Jones Lang LaSalle from $305.00 to $340.00 and gave the stock a "buy" rating in a research note on Wednesday, July 2nd. JMP Securities began coverage on shares of Jones Lang LaSalle in a research note on Monday, July 21st. They set a "market perform" rating on the stock. Finally, JPMorgan Chase & Co. lifted their price target on shares of Jones Lang LaSalle from $285.00 to $372.00 and gave the stock an "overweight" rating in a research note on Tuesday, August 26th. One equities research analyst has rated the stock with a Strong Buy rating, five have issued a Buy rating and three have given a Hold rating to the company's stock. According to data from MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and a consensus target price of $328.57.

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.