Harbour Capital Advisors LLC Takes $294,000 Position in Jones Lang LaSalle Incorporated $JLL

Key Points

• Harbour Capital Advisors LLC has invested approximately $294,000 in Jones Lang LaSalle Incorporated by purchasing 1,135 shares during the 2nd quarter.
• JPMorgan Chase & Co. and UBS Group both increased their target prices for Jones Lang LaSalle, indicating a positive outlook with target adjustments from $285.00 to $372.00 and $305.00 to $340.00 respectively.
• Jones Lang LaSalle reported a net margin of 2.28% and earnings per share of $3.30, surpassing analyst estimates, with a significant revenue increase of 11.0% compared to the previous year.

Harbour Capital Advisors LLC purchased a new position in Jones Lang LaSalle Incorporated (NYSE:JLL - Free Report) in the 2nd quarter, according to the company in its most recent disclosure with the SEC. The fund purchased 1,135 shares of the financial services provider's stock, valued at approximately $294,000.

A number of other institutional investors and hedge funds have also bought and sold shares of the business. Golden State Wealth Management LLC purchased a new stake in shares of Jones Lang LaSalle during the first quarter valued at $33,000. Thurston Springer Miller Herd & Titak Inc. raised its holdings in Jones Lang LaSalle by 322.6% in the 2nd quarter. Thurston Springer Miller Herd & Titak Inc. now owns 131 shares of the financial services provider's stock valued at $34,000 after acquiring an additional 100 shares during the last quarter. SVB Wealth LLC acquired a new stake in Jones Lang LaSalle during the first quarter worth $38,000. Western Pacific Wealth Management LP acquired a new position in shares of Jones Lang LaSalle in the first quarter valued at approximately $41,000. Finally, Versant Capital Management Inc lifted its holdings in Jones Lang LaSalle by 356.3% during the 1st quarter. Versant Capital Management Inc now owns 324 shares of the financial services provider's stock worth $80,000 after buying an additional 253 shares during the last quarter. 94.80% of the stock is owned by institutional investors.

Jones Lang LaSalle Stock Down 0.5%

Shares of NYSE JLL traded down $1.46 during mid-day trading on Friday, reaching $318.20. 913,533 shares of the company traded hands, compared to its average volume of 395,719. Jones Lang LaSalle Incorporated has a fifty-two week low of $194.36 and a fifty-two week high of $322.36. The stock has a market cap of $15.08 billion, a PE ratio of 27.36 and a beta of 1.41. The company's fifty day moving average is $287.94 and its two-hundred day moving average 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.

Jones Lang LaSalle (NYSE:JLL - Get Free Report) last announced its quarterly earnings data 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 firm had revenue of $6.25 billion for the quarter, compared to analysts' expectations of $6.17 billion. Jones Lang LaSalle had a net margin of 2.28% and a return on equity of 10.63%. The business's revenue for the quarter was up 11.0% on a year-over-year basis. During the same period last year, the firm earned $2.55 earnings per share. On average, analysts expect that Jones Lang LaSalle Incorporated will post 16.45 earnings per share for the current year.

Analyst Ratings Changes

JLL has been the topic of several recent analyst reports. UBS Group upped their price objective on shares of Jones Lang LaSalle from $305.00 to $340.00 and gave the company a "buy" rating in a research note on Wednesday, July 2nd. Wall Street Zen raised 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 research report on Monday, July 21st. They issued a "market perform" rating for the company. Keefe, Bruyette & Woods increased their price objective on Jones Lang LaSalle from $280.00 to $297.00 and gave the company an "outperform" rating in a research report on Thursday, July 24th. Finally, The Goldman Sachs Group lifted their target price on shares of Jones Lang LaSalle from $338.00 to $378.00 and gave the company a "buy" rating in a research note on Wednesday, August 13th. One 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.com, the company currently has a consensus rating of "Moderate Buy" and an average target price 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.