Janney Montgomery Scott LLC Sells 1,334 Shares of Jones Lang LaSalle Incorporated $JLL

Key Points

• Janney Montgomery Scott LLC reduced its holdings in Jones Lang LaSalle Incorporated by 15.2% during the second quarter, now owning 7,445 shares worth approximately $1.9 million.
• Jones Lang LaSalle reported $3.30 EPS for the latest quarter, beating analysts' expectations, and its revenue increased 11.0% year-over-year to $6.25 billion.
• Research analysts have shown a positive outlook for Jones Lang LaSalle, with multiple firms raising their price targets, some to as high as $378.00, and a consensus rating of "Moderate Buy."

Janney Montgomery Scott LLC decreased its position in shares of Jones Lang LaSalle Incorporated (NYSE:JLL - Free Report) by 15.2% in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 7,445 shares of the financial services provider's stock after selling 1,334 shares during the quarter. Janney Montgomery Scott LLC's holdings in Jones Lang LaSalle were worth $1,904,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors have also bought and sold shares of the stock. EdgePoint Investment Group Inc. grew its holdings in Jones Lang LaSalle by 11.9% during the first quarter. EdgePoint Investment Group Inc. now owns 1,835,344 shares of the financial services provider's stock worth $455,000,000 after buying an additional 195,818 shares in the last quarter. Select Equity Group L.P. grew its holdings in Jones Lang LaSalle by 50.7% during the first quarter. Select Equity Group L.P. now owns 1,062,069 shares of the financial services provider's stock worth $263,298,000 after buying an additional 357,469 shares in the last quarter. Invesco Ltd. grew its holdings in Jones Lang LaSalle by 1.8% during the first quarter. Invesco Ltd. now owns 961,959 shares of the financial services provider's stock worth $238,479,000 after buying an additional 17,336 shares in the last quarter. Swedbank AB grew its holdings in Jones Lang LaSalle by 115.0% during the second quarter. Swedbank AB now owns 938,149 shares of the financial services provider's stock worth $239,960,000 after buying an additional 501,716 shares in the last quarter. Finally, Northern Trust Corp grew its holdings in Jones Lang LaSalle by 21.6% during the first quarter. Northern Trust Corp now owns 548,227 shares of the financial services provider's stock worth $135,911,000 after buying an additional 97,492 shares in the last quarter. Institutional investors own 94.80% of the company's stock.

Jones Lang LaSalle Stock Performance

NYSE:JLL opened at $282.72 on Friday. 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 52-week low of $194.36 and a 52-week high of $322.36. The firm has a market cap of $13.40 billion, a price-to-earnings ratio of 24.31 and a beta of 1.39. The business's fifty day moving average is $298.64 and its 200 day moving average is $258.44.

Jones Lang LaSalle (NYSE:JLL - Get Free Report) last released 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. Jones Lang LaSalle had a return on equity of 10.63% and a net margin of 2.28%.The company had revenue of $6.25 billion for the quarter, compared to analyst estimates of $6.17 billion. During the same period in the previous year, the company posted $2.55 EPS. The firm's revenue for the quarter was up 11.0% compared to the same quarter last year. Research analysts predict that Jones Lang LaSalle Incorporated will post 16.45 EPS for the current year.

Wall Street Analyst Weigh In

Several research analysts have weighed in on the company. The Goldman Sachs Group boosted 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. UBS Group boosted their price objective on Jones Lang LaSalle from $340.00 to $360.00 and gave the stock a "buy" rating in a research report on Friday. Citizens Jmp assumed coverage on Jones Lang LaSalle in a research report on Monday, July 21st. They issued a "market perform" rating on the stock. JPMorgan Chase & Co. boosted their price objective on Jones Lang LaSalle from $285.00 to $372.00 and gave the stock an "overweight" rating in a research report on Tuesday, August 26th. Finally, Keefe, Bruyette & Woods boosted their price objective on Jones Lang LaSalle from $317.00 to $345.00 and gave the stock an "outperform" rating in a research report on Thursday. One analyst has rated the stock with a Strong Buy rating, five have issued a Buy rating and four have issued a Hold rating to the company. According to data from MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and an average price target of $338.29.

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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