Fort Washington Investment Advisors Inc. OH Purchases 1,334 Shares of Jones Lang LaSalle Incorporated $JLL

Key Points

• Fort Washington Investment Advisors Inc. OH has increased its stake in Jones Lang LaSalle Incorporated (JLL) by 0.3%, owning 405,109 shares valued at approximately $103.6 million after acquiring an additional 1,334 shares during the second quarter.
• Jones Lang LaSalle reported Q2 earnings of $3.30 per share, surpassing analyst expectations of $3.20 and reflecting an 11% increase in revenue year-over-year.
• Brokers have raised their price targets for JLL, with JPMorgan Chase increasing theirs from $285 to $372, indicating a generally positive outlook for the stock among analysts.

Fort Washington Investment Advisors Inc. OH lifted its position in shares of Jones Lang LaSalle Incorporated (NYSE:JLL - Free Report) by 0.3% during the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 405,109 shares of the financial services provider's stock after purchasing an additional 1,334 shares during the quarter. Fort Washington Investment Advisors Inc. OH owned 0.85% of Jones Lang LaSalle worth $103,619,000 at the end of the most recent reporting period.

Several other hedge funds have also added to or reduced their stakes in the business. Cadent Capital Advisors LLC lifted its holdings in Jones Lang LaSalle by 12.3% during the second quarter. Cadent Capital Advisors LLC now owns 1,187 shares of the financial services provider's stock worth $304,000 after acquiring an additional 130 shares in the last quarter. Public Employees Retirement System of Ohio lifted its holdings in shares of Jones Lang LaSalle by 5.7% during the 2nd quarter. Public Employees Retirement System of Ohio now owns 44,707 shares of the financial services provider's stock valued at $11,435,000 after purchasing an additional 2,397 shares in the last quarter. Fifth Third Bancorp grew its position in shares of Jones Lang LaSalle by 18.0% in the 2nd quarter. Fifth Third Bancorp now owns 2,475 shares of the financial services provider's stock valued at $633,000 after purchasing an additional 377 shares during the period. Oliver Luxxe Assets LLC increased its stake in Jones Lang LaSalle by 4.9% during the 2nd quarter. Oliver Luxxe Assets LLC now owns 25,311 shares of the financial services provider's stock worth $6,474,000 after purchasing an additional 1,174 shares in the last quarter. Finally, GAMMA Investing LLC raised its holdings in Jones Lang LaSalle by 6.0% during the 2nd quarter. GAMMA Investing LLC now owns 908 shares of the financial services provider's stock worth $232,000 after buying an additional 51 shares during the period. Institutional investors and hedge funds own 94.80% of the company's stock.

Jones Lang LaSalle Stock Up 0.2%

Shares of JLL opened at $301.48 on Friday. The stock has a market capitalization of $14.28 billion, a PE ratio of 25.92 and a beta of 1.41. The company has a current ratio of 2.35, a quick ratio of 2.35 and a debt-to-equity ratio of 0.16. The firm's 50 day moving average is $293.35 and its 200-day moving average is $255.75. Jones Lang LaSalle Incorporated has a 12 month low of $194.36 and a 12 month high of $322.36.

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 earnings per share (EPS) for the quarter, topping 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 for the quarter, compared to analyst estimates of $6.17 billion. During the same quarter last year, the business posted $2.55 EPS. The firm's revenue for the quarter was up 11.0% on a year-over-year basis. Equities research analysts forecast that Jones Lang LaSalle Incorporated will post 16.45 EPS for the current year.

Analyst Ratings Changes

Several brokerages have recently issued reports on JLL. JPMorgan Chase & Co. increased their price objective on shares of Jones Lang LaSalle from $285.00 to $372.00 and gave the stock an "overweight" rating in a research report on Tuesday, August 26th. Citizens Jmp assumed coverage on Jones Lang LaSalle in a research note on Monday, July 21st. They issued a "market perform" rating on the stock. The Goldman Sachs Group upped their price objective on Jones Lang LaSalle from $338.00 to $378.00 and gave the stock a "buy" rating in a research report on Wednesday, August 13th. JMP Securities assumed coverage on Jones Lang LaSalle in a report on Monday, July 21st. They set a "market perform" rating for the company. Finally, Keefe, Bruyette & Woods boosted their target price on Jones Lang LaSalle from $280.00 to $297.00 and gave the company an "outperform" rating in a research note on Thursday, July 24th. One investment 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 stock. According to data from MarketBeat, the company currently has an average rating of "Moderate Buy" and an average price target of $328.57.

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.

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