Harbour Capital Advisors LLC Buys New Shares 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 bought a new stake in Jones Lang LaSalle Incorporated (NYSE:JLL - Free Report) during the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund bought 1,135 shares of the financial services provider's stock, valued at approximately $294,000.

A number of other large investors have also added to or reduced their stakes in JLL. Norden Group LLC bought a new position in shares of Jones Lang LaSalle in the 1st quarter valued at $287,000. PNC Financial Services Group Inc. grew its holdings in Jones Lang LaSalle by 11.2% during the 1st quarter. PNC Financial Services Group Inc. now owns 2,605 shares of the financial services provider's stock worth $646,000 after acquiring an additional 262 shares during the period. Bridges Investment Management Inc. grew its holdings in Jones Lang LaSalle by 120.0% during the 1st quarter. Bridges Investment Management Inc. now owns 4,447 shares of the financial services provider's stock worth $1,102,000 after acquiring an additional 2,426 shares during the period. Universal Beteiligungs und Servicegesellschaft mbH acquired a new stake in Jones Lang LaSalle during the 1st quarter worth about $8,164,000. Finally, Janney Montgomery Scott LLC grew its stake in shares of Jones Lang LaSalle by 34.5% in the 1st 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. Institutional investors and hedge funds own 94.80% of the company's stock.

Jones Lang LaSalle Trading Up 0.0%

Shares of JLL stock traded up $0.01 during mid-day trading on Tuesday, reaching $313.69. The company's stock had a trading volume of 75,413 shares, compared to its average volume of 407,948. Jones Lang LaSalle Incorporated has a 12-month low of $194.36 and a 12-month high of $322.36. The firm has a market capitalization of $14.86 billion, a PE ratio of 26.98 and a beta of 1.41. The company has a quick ratio of 2.35, a current ratio of 2.35 and a debt-to-equity ratio of 0.16. The company's 50 day simple moving average is $289.09 and its 200-day simple moving average is $254.19.

Jones Lang LaSalle (NYSE:JLL - Get Free Report) last released its earnings results on Wednesday, August 6th. The financial services provider reported $3.30 earnings per share 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 company had revenue of $6.25 billion during the quarter, compared to the consensus estimate of $6.17 billion. During the same quarter in the previous year, the firm earned $2.55 EPS. The company's revenue was up 11.0% on a year-over-year basis. On average, research analysts predict that Jones Lang LaSalle Incorporated will post 16.45 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

JLL has been the subject of a number of analyst reports. Wall Street Zen upgraded Jones Lang LaSalle from a "hold" rating to a "buy" rating in a research note on Sunday, August 31st. JPMorgan Chase & Co. boosted their target price on shares of Jones Lang LaSalle from $285.00 to $372.00 and gave the company an "overweight" rating in a report on Tuesday, August 26th. The Goldman Sachs Group upped their price target on shares of Jones Lang LaSalle from $338.00 to $378.00 and gave the stock a "buy" rating in a report on Wednesday, August 13th. UBS Group upped their target price on shares of Jones Lang LaSalle from $305.00 to $340.00 and gave the stock a "buy" rating in a research report on Wednesday, July 2nd. Finally, Citigroup cut their price target on shares of Jones Lang LaSalle from $275.00 to $240.00 and set a "neutral" rating for the company in a research report on Wednesday, May 28th. One investment analyst has rated the stock with a Strong Buy rating, five have issued a Buy rating and three have issued a Hold rating to the company. According to MarketBeat, Jones Lang LaSalle has a consensus rating of "Moderate Buy" and a consensus target price of $328.57.

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.