Russell Investments Group Ltd. Has $3.59 Million Stock Position in Jones Lang LaSalle Inc (NYSE:JLL)

Russell Investments Group Ltd. reduced its stake in shares of Jones Lang LaSalle Inc (NYSE:JLL) by 8.5% during the 2nd quarter, HoldingsChannel.com reports. The firm owned 25,694 shares of the financial services provider’s stock after selling 2,398 shares during the period. Russell Investments Group Ltd.’s holdings in Jones Lang LaSalle were worth $3,586,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in the company. BlackRock Inc. grew its holdings in shares of Jones Lang LaSalle by 2.1% during the 1st quarter. BlackRock Inc. now owns 4,854,392 shares of the financial services provider’s stock worth $748,451,000 after purchasing an additional 101,492 shares in the last quarter. AJO LP lifted its position in shares of Jones Lang LaSalle by 18.7% during the 1st quarter. AJO LP now owns 981,606 shares of the financial services provider’s stock worth $151,344,000 after buying an additional 154,443 shares during the last quarter. Clearbridge Investments LLC lifted its position in shares of Jones Lang LaSalle by 1.0% during the 1st quarter. Clearbridge Investments LLC now owns 888,782 shares of the financial services provider’s stock worth $137,032,000 after buying an additional 8,678 shares during the last quarter. Fort Washington Investment Advisors Inc. OH lifted its position in shares of Jones Lang LaSalle by 3.9% during the 1st quarter. Fort Washington Investment Advisors Inc. OH now owns 818,754 shares of the financial services provider’s stock worth $126,235,000 after buying an additional 31,054 shares during the last quarter. Finally, Northern Trust Corp lifted its position in shares of Jones Lang LaSalle by 11.6% during the 1st quarter. Northern Trust Corp now owns 622,826 shares of the financial services provider’s stock worth $96,027,000 after buying an additional 64,543 shares during the last quarter. 82.38% of the stock is currently owned by institutional investors.

Jones Lang LaSalle stock traded down $0.64 during trading hours on Monday, hitting $141.33. The stock had a trading volume of 3,751 shares, compared to its average volume of 265,102. The company has a quick ratio of 1.95, a current ratio of 1.95 and a debt-to-equity ratio of 0.44. The stock has a market cap of $7.27 billion, a price-to-earnings ratio of 11.54, a P/E/G ratio of 1.30 and a beta of 1.75. Jones Lang LaSalle Inc has a one year low of $119.79 and a one year high of $173.32. The business’s 50 day simple moving average is $137.70 and its 200-day simple moving average is $143.78.

Jones Lang LaSalle (NYSE:JLL) last posted its earnings results on Tuesday, August 6th. The financial services provider reported $2.94 EPS for the quarter, beating the consensus estimate of $2.33 by $0.61. The firm had revenue of $2.35 billion during the quarter, compared to the consensus estimate of $2.28 billion. Jones Lang LaSalle had a return on equity of 15.79% and a net margin of 2.76%. The business’s quarterly revenue was up 8.5% on a year-over-year basis. During the same period last year, the company earned $2.26 earnings per share. Research analysts anticipate that Jones Lang LaSalle Inc will post 12.13 EPS for the current fiscal year.

Several equities analysts have commented on the company. JPMorgan Chase & Co. assumed coverage on Jones Lang LaSalle in a research report on Wednesday, July 17th. They issued an “overweight” rating and a $140.23 target price for the company. DA Davidson assumed coverage on Jones Lang LaSalle in a research report on Thursday, July 11th. They issued a “buy” rating for the company. Compass Point assumed coverage on Jones Lang LaSalle in a research report on Wednesday, July 10th. They issued a “buy” rating and a $180.00 target price for the company. Finally, UBS Group increased their target price on Jones Lang LaSalle from $175.00 to $178.00 and gave the company a “buy” rating in a research report on Monday, August 12th. 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. The company presently has a consensus rating of “Hold” and an average target price of $173.91.

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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