Nisa Investment Advisors LLC Raises Stake in Jones Lang LaSalle Inc (NYSE:JLL)

Nisa Investment Advisors LLC boosted its position in Jones Lang LaSalle Inc (NYSE:JLL) by 13.0% in the 2nd quarter, Holdings Channel reports. The institutional investor owned 26,135 shares of the financial services provider’s stock after purchasing an additional 3,000 shares during the period. Nisa Investment Advisors LLC’s holdings in Jones Lang LaSalle were worth $2,704,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently modified their holdings of the business. CWM LLC boosted its stake in Jones Lang LaSalle by 47.7% in the second quarter. CWM LLC now owns 350 shares of the financial services provider’s stock worth $36,000 after buying an additional 113 shares in the last quarter. First Horizon Advisors Inc. lifted its position in Jones Lang LaSalle by 77.5% in the first quarter. First Horizon Advisors Inc. now owns 268 shares of the financial services provider’s stock valued at $27,000 after purchasing an additional 117 shares during the last quarter. Smith Graham & Co. Investment Advisors LP lifted its position in Jones Lang LaSalle by 0.4% in the second quarter. Smith Graham & Co. Investment Advisors LP now owns 37,315 shares of the financial services provider’s stock valued at $3,861,000 after purchasing an additional 146 shares during the last quarter. World Asset Management Inc lifted its position in Jones Lang LaSalle by 4.9% in the second quarter. World Asset Management Inc now owns 3,099 shares of the financial services provider’s stock valued at $321,000 after purchasing an additional 146 shares during the last quarter. Finally, Levin Easterly Partners LLC lifted its position in Jones Lang LaSalle by 2.0% in the first quarter. Levin Easterly Partners LLC now owns 8,612 shares of the financial services provider’s stock valued at $870,000 after purchasing an additional 167 shares during the last quarter. 94.67% of the stock is owned by institutional investors and hedge funds.

Shares of Jones Lang LaSalle stock opened at $98.91 on Friday. The company has a quick ratio of 2.36, a current ratio of 2.36 and a debt-to-equity ratio of 0.56. The company has a market cap of $5.11 billion, a PE ratio of 7.44, a P/E/G ratio of 1.66 and a beta of 1.68. The business has a 50 day moving average of $103.56 and a 200 day moving average of $121.48. Jones Lang LaSalle Inc has a 52 week low of $78.29 and a 52 week high of $178.55.

Jones Lang LaSalle (NYSE:JLL) last announced its earnings results on Tuesday, May 5th. The financial services provider reported $0.49 EPS for the quarter, missing analysts’ consensus estimates of $0.91 by ($0.42). The business had revenue of $2.23 billion for the quarter, compared to the consensus estimate of $2.32 billion. Jones Lang LaSalle had a net margin of 2.84% and a return on equity of 14.30%. Jones Lang LaSalle’s revenue was up 13.8% compared to the same quarter last year. During the same quarter in the prior year, the company earned $0.89 EPS. On average, research analysts anticipate that Jones Lang LaSalle Inc will post 6.64 earnings per share for the current year.

JLL has been the subject of several recent research reports. Raymond James lowered their price objective on Jones Lang LaSalle from $172.00 to $146.00 and set an “outperform” rating for the company in a research report on Wednesday. JPMorgan Chase & Co. lowered their price objective on Jones Lang LaSalle from $183.00 to $132.00 and set an “overweight” rating for the company in a research report on Thursday, April 9th. Finally, UBS Group lowered their price objective on Jones Lang LaSalle from $188.00 to $119.00 and set a “buy” rating for the company in a research report on Wednesday, May 13th. Two research analysts have rated the stock with a sell rating and four have issued a buy rating to the stock. Jones Lang LaSalle currently has an average rating of “Hold” and an average price target of $150.20.

About Jones Lang LaSalle

Jones Lang LaSalle Incorporated, a professional services company, provides commercial real estate and investment management services worldwide. It offers a range of real estate services, including agency leasing, logistics and supply-chain management, corporate finance, mortgage origination and servicing, debt placement, project and development management/design, digital, property management, energy and sustainability, real estate investment banking, integrated facilities management, research, investment management and advisory, strategic consulting and advisory, investment sale, tenant representation, lease administration, and valuations.

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Institutional Ownership by Quarter for Jones Lang LaSalle (NYSE:JLL)

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