Equitable Trust Co. Buys 2,220 Shares of Jones Lang LaSalle Incorporated $JLL

Key Points

• Equitable Trust Co. increased its stake in Jones Lang LaSalle by 44.8%, acquiring an additional 2,220 shares, bringing total holdings to 7,177 shares valued at approximately $1.8 million.
• Several institutional investors, including Farther Finance Advisors and Fifth Third Bancorp, also boosted their positions in the company, with institutional ownership now at 94.80%.
• Analysts maintain a consensus rating of "Moderate Buy" for the stock, with price targets ranging from $338.00 to $378.00 following positive earnings results and increased revenue year-over-year.

Equitable Trust Co. boosted its holdings in shares of Jones Lang LaSalle Incorporated (NYSE:JLL - Free Report) by 44.8% in the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 7,177 shares of the financial services provider's stock after buying an additional 2,220 shares during the quarter. Equitable Trust Co.'s holdings in Jones Lang LaSalle were worth $1,836,000 at the end of the most recent quarter.

Several other large investors also recently added to or reduced their stakes in JLL. Farther Finance Advisors LLC grew its position in Jones Lang LaSalle by 39.9% during the first quarter. Farther Finance Advisors LLC now owns 368 shares of the financial services provider's stock valued at $91,000 after buying an additional 105 shares during the period. Fifth Third Bancorp grew its position in Jones Lang LaSalle by 22.0% during the first quarter. Fifth Third Bancorp now owns 2,098 shares of the financial services provider's stock valued at $520,000 after buying an additional 378 shares during the period. Wealth Enhancement Advisory Services LLC grew its position in Jones Lang LaSalle by 12.3% during the first quarter. Wealth Enhancement Advisory Services LLC now owns 1,451 shares of the financial services provider's stock valued at $360,000 after buying an additional 159 shares during the period. Janney Montgomery Scott LLC grew its position in Jones Lang LaSalle by 34.5% during the first quarter. Janney Montgomery Scott LLC now owns 8,779 shares of the financial services provider's stock valued at $2,176,000 after buying an additional 2,252 shares during the period. Finally, Sowell Financial Services LLC purchased a new position in Jones Lang LaSalle during the first quarter valued at approximately $419,000. 94.80% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

Several equities analysts have weighed in on the stock. Weiss Ratings reaffirmed a "hold (c+)" rating on shares of Jones Lang LaSalle in a report on Wednesday, October 8th. UBS Group lifted their price target on shares of Jones Lang LaSalle from $340.00 to $360.00 and gave the company a "buy" rating in a report on Friday, October 10th. Wall Street Zen raised shares of Jones Lang LaSalle from a "hold" rating to a "buy" rating in a report on Sunday, August 31st. Citizens Jmp assumed coverage on shares of Jones Lang LaSalle in a report on Monday, July 21st. They set a "market perform" rating on the stock. Finally, The Goldman Sachs Group lifted their price target on shares of Jones Lang LaSalle from $338.00 to $378.00 and gave the company a "buy" rating in a report on Wednesday, August 13th. One investment analyst has rated the stock with a Strong Buy rating, five have given a Buy rating and four have issued a Hold rating to the company's stock. According to data from MarketBeat, the company has an average rating of "Moderate Buy" and a consensus target price of $338.29.

Jones Lang LaSalle Price Performance

JLL stock opened at $295.03 on Wednesday. The company has a market capitalization of $13.98 billion, a PE ratio of 25.37 and a beta of 1.39. The company's fifty day moving average price is $299.48 and its 200-day moving average price is $259.08. 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 one year low of $194.36 and a one year high of $322.36.

Jones Lang LaSalle (NYSE:JLL - Get Free Report) last released its quarterly earnings results on Wednesday, August 6th. The financial services provider reported $3.30 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $3.20 by $0.10. The company had revenue of $6.25 billion for 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%. Jones Lang LaSalle's revenue was up 11.0% on a year-over-year basis. During the same quarter in the prior year, the firm earned $2.55 earnings per share. On average, equities analysts anticipate that Jones Lang LaSalle Incorporated will post 16.45 EPS for the current fiscal year.

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.

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