Jones Lang LaSalle Incorporated $JLL Holdings Raised by Sequoia Financial Advisors LLC

Key Points

• Sequoia Financial Advisors LLC increased its stake in Jones Lang LaSalle Incorporated by 83.7% during the second quarter, raising its holdings to 2,663 shares valued at approximately $681,000.
• Jones Lang LaSalle reported $3.30 earnings per share for the last quarter, surpassing analyst expectations of $3.20, with revenue reaching $6.25 billion.
• Several investment analysts have given the stock a consensus rating of "Moderate Buy", with a price target averaging around $338.29.

Sequoia Financial Advisors LLC increased its stake in Jones Lang LaSalle Incorporated (NYSE:JLL - Free Report) by 83.7% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 2,663 shares of the financial services provider's stock after purchasing an additional 1,213 shares during the quarter. Sequoia Financial Advisors LLC's holdings in Jones Lang LaSalle were worth $681,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds also recently bought and sold shares of JLL. GAMMA Investing LLC increased its position in shares of Jones Lang LaSalle by 6.0% in the second quarter. GAMMA Investing LLC now owns 908 shares of the financial services provider's stock worth $232,000 after acquiring an additional 51 shares in the last quarter. CWC Advisors LLC. boosted its stake in Jones Lang LaSalle by 2.9% in the 2nd quarter. CWC Advisors LLC. now owns 2,195 shares of the financial services provider's stock worth $561,000 after purchasing an additional 61 shares during the period. Mackenzie Financial Corp grew its position in Jones Lang LaSalle by 4.2% during the 1st quarter. Mackenzie Financial Corp now owns 1,610 shares of the financial services provider's stock worth $399,000 after purchasing an additional 65 shares in the last quarter. Vanguard Personalized Indexing Management LLC lifted its holdings in shares of Jones Lang LaSalle by 0.8% in the second quarter. Vanguard Personalized Indexing Management LLC now owns 8,889 shares of the financial services provider's stock valued at $2,274,000 after purchasing an additional 73 shares in the last quarter. Finally, Covestor Ltd boosted its position in shares of Jones Lang LaSalle by 30.4% in the first quarter. Covestor Ltd now owns 335 shares of the financial services provider's stock worth $83,000 after buying an additional 78 shares during the period. 94.80% of the stock is owned by hedge funds and other institutional investors.

Jones Lang LaSalle Stock Performance

JLL stock opened at $300.48 on Monday. The company has a market capitalization of $14.24 billion, a price-to-earnings ratio of 25.84 and a beta of 1.39. The firm has a 50 day moving average of $300.95 and a two-hundred day moving average of $260.37. The company has a quick ratio of 2.35, a current ratio of 2.35 and a debt-to-equity ratio of 0.16. 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 released its quarterly earnings data on Wednesday, August 6th. The financial services provider reported $3.30 earnings per share (EPS) for the quarter, beating the consensus estimate of $3.20 by $0.10. The business had revenue of $6.25 billion during the quarter, compared to analyst estimates 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 quarterly revenue was up 11.0% compared to the same quarter last year. During the same quarter in the previous year, the business earned $2.55 EPS. As a group, equities analysts anticipate that Jones Lang LaSalle Incorporated will post 16.45 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

Several research firms recently weighed in on JLL. Citizens Jmp began coverage on Jones Lang LaSalle in a research report on Monday, July 21st. They set a "market perform" rating on the stock. Weiss Ratings reiterated a "hold (c+)" rating on shares of Jones Lang LaSalle in a report on Wednesday, October 8th. The Goldman Sachs Group raised 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 price objective on shares of Jones Lang LaSalle from $340.00 to $360.00 and gave the company a "buy" rating in a research note on Friday, October 10th. Finally, Wall Street Zen upgraded shares of Jones Lang LaSalle from a "hold" rating to a "buy" rating in a research report on Sunday, August 31st. One investment analyst has rated the stock with a Strong Buy rating, five have given a Buy rating and four have given a Hold rating to the company. According to data from MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and a consensus 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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