Jones Lang LaSalle Inc (NYSE:JLL) Shares Sold by Parsec Financial Management Inc.

Parsec Financial Management Inc. decreased its position in shares of Jones Lang LaSalle Inc (NYSE:JLL) by 6.0% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 7,832 shares of the financial services provider’s stock after selling 500 shares during the period. Parsec Financial Management Inc.’s holdings in Jones Lang LaSalle were worth $1,102,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently added to or reduced their stakes in JLL. Waratah Capital Advisors Ltd. bought a new stake in shares of Jones Lang LaSalle during the 2nd quarter valued at about $13,444,000. HGK Asset Management Inc. grew its position in shares of Jones Lang LaSalle by 16.7% during the 2nd quarter. HGK Asset Management Inc. now owns 3,435 shares of the financial services provider’s stock valued at $483,000 after buying an additional 492 shares during the last quarter. Landsberg Bennett & Dubbaneh LLC grew its position in shares of Jones Lang LaSalle by 2.5% during the 2nd quarter. Landsberg Bennett & Dubbaneh LLC now owns 15,774 shares of the financial services provider’s stock valued at $2,226,000 after buying an additional 392 shares during the last quarter. Cascade Investment Advisors Inc. grew its position in shares of Jones Lang LaSalle by 2.3% during the 2nd quarter. Cascade Investment Advisors Inc. now owns 9,210 shares of the financial services provider’s stock valued at $1,296,000 after buying an additional 210 shares during the last quarter. Finally, NEXT Financial Group Inc grew its position in shares of Jones Lang LaSalle by 961.9% during the 2nd quarter. NEXT Financial Group Inc now owns 892 shares of the financial services provider’s stock valued at $125,000 after buying an additional 808 shares during the last quarter. 91.69% of the stock is currently owned by hedge funds and other institutional investors.

A number of research analysts have issued reports on the stock. JPMorgan Chase & Co. reissued a “neutral” rating on shares of SUZUKI MTR CORP/ADR in a research note on Wednesday, July 17th. Barclays set a €45.00 ($52.33) target price on shares of Zalando and gave the company a “buy” rating in a research note on Tuesday, April 16th. DA Davidson assumed coverage on shares of Western New England Bancorp in a research note on Thursday, July 11th. They set a “neutral” rating and a $10.00 target price for the company. UBS Group reduced their target price on shares of Texas Roadhouse from $65.00 to $62.00 and set a “neutral” rating for the company in a research note on Tuesday. Finally, Compass Point assumed coverage on shares of Jones Lang LaSalle in a research note on Wednesday, July 10th. They set a “buy” rating and a $180.00 target price for the company. Two research analysts have rated the stock with a sell rating, three have issued a hold rating and eight have issued a buy rating to the company’s stock. Jones Lang LaSalle presently has a consensus rating of “Hold” and a consensus price target of $173.58.

Shares of NYSE:JLL traded up $1.25 during trading on Wednesday, reaching $145.68. The company had a trading volume of 5,023 shares, compared to its average volume of 459,715. The business’s fifty day moving average is $139.19. The firm has a market cap of $6.58 billion, a price-to-earnings ratio of 11.89, a PEG ratio of 1.35 and a beta of 1.74. Jones Lang LaSalle Inc has a twelve month low of $119.79 and a twelve month high of $173.32. The company has a debt-to-equity ratio of 0.45, a current ratio of 2.01 and a quick ratio of 2.01.

Jones Lang LaSalle (NYSE:JLL) last issued its quarterly earnings results on Tuesday, May 7th. The financial services provider reported $0.89 earnings per share for the quarter, topping analysts’ consensus estimates of $0.69 by $0.20. The company had revenue of $1.96 billion during the quarter, compared to analyst estimates of $1.89 billion. Jones Lang LaSalle had a net margin of 2.81% and a return on equity of 15.36%. The business’s revenue for the quarter was up 3.7% compared to the same quarter last year. During the same period in the prior year, the business posted $0.97 EPS. On average, research analysts forecast that Jones Lang LaSalle Inc will post 11.85 EPS for the current year.

Jones Lang LaSalle Profile

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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