Landsberg Bennett & Dubbaneh LLC Has $2.18 Million Holdings in Jones Lang LaSalle Inc (NYSE:JLL)

Landsberg Bennett & Dubbaneh LLC cut its stake in Jones Lang LaSalle Inc (NYSE:JLL) by 0.9% in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 15,639 shares of the financial services provider’s stock after selling 135 shares during the period. Landsberg Bennett & Dubbaneh LLC’s holdings in Jones Lang LaSalle were worth $2,179,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently modified their holdings of JLL. Treasurer of the State of North Carolina grew its position in Jones Lang LaSalle by 0.3% during the 2nd quarter. Treasurer of the State of North Carolina now owns 23,152 shares of the financial services provider’s stock worth $3,257,000 after acquiring an additional 78 shares during the last quarter. Covington Capital Management grew its position in Jones Lang LaSalle by 32.4% during the 2nd quarter. Covington Capital Management now owns 331 shares of the financial services provider’s stock worth $47,000 after acquiring an additional 81 shares during the last quarter. Assetmark Inc. grew its position in Jones Lang LaSalle by 12.5% during the 2nd quarter. Assetmark Inc. now owns 872 shares of the financial services provider’s stock worth $123,000 after acquiring an additional 97 shares during the last quarter. ETRADE Capital Management LLC grew its position in Jones Lang LaSalle by 3.2% during the 2nd quarter. ETRADE Capital Management LLC now owns 3,578 shares of the financial services provider’s stock worth $503,000 after acquiring an additional 111 shares during the last quarter. Finally, AGF Investments Inc. grew its position in Jones Lang LaSalle by 6.2% during the 2nd quarter. AGF Investments Inc. now owns 1,954 shares of the financial services provider’s stock worth $275,000 after acquiring an additional 114 shares during the last quarter. 82.38% of the stock is owned by institutional investors and hedge funds.

A number of equities research analysts recently commented on the company. UBS Group increased their price target on Jones Lang LaSalle from $175.00 to $178.00 and gave the stock a “buy” rating in a research report on Monday, August 12th. Compass Point assumed coverage on Jones Lang LaSalle in a research report on Wednesday, July 10th. They set a “buy” rating and a $180.00 price target on the stock. JPMorgan Chase & Co. assumed coverage on Jones Lang LaSalle in a research report on Wednesday, July 17th. They set an “overweight” rating and a $140.23 price target on the stock. Finally, DA Davidson assumed coverage on Jones Lang LaSalle in a research report on Thursday, July 11th. They set a “buy” rating on the stock. Two equities research analysts have rated the stock with a sell rating, three have given a hold rating and eight have given a buy rating to the company. The company currently has an average rating of “Hold” and a consensus price target of $173.91.

JLL traded up $4.73 during mid-day trading on Friday, reaching $139.88. The stock had a trading volume of 12,304 shares, compared to its average volume of 275,284. The stock has a market capitalization of $6.81 billion, a P/E ratio of 11.42, a P/E/G ratio of 1.21 and a beta of 1.75. The company has a debt-to-equity ratio of 0.44, a quick ratio of 1.95 and a current ratio of 1.95. The firm’s fifty day simple moving average is $135.94 and its two-hundred day simple moving average is $140.41. Jones Lang LaSalle Inc has a 52 week low of $119.79 and a 52 week high of $173.32.

Jones Lang LaSalle (NYSE:JLL) last announced its quarterly earnings data on Tuesday, August 6th. The financial services provider reported $2.94 EPS for the quarter, beating the Zacks’ consensus estimate of $2.33 by $0.61. The firm had revenue of $2.35 billion for the quarter, compared to analyst estimates 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% compared to the same quarter last year. During the same period last year, the company earned $2.26 EPS. As a group, analysts expect that Jones Lang LaSalle Inc will post 12.13 EPS for the current fiscal 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.

See Also: Call Option Volume

Want to see what other hedge funds are holding JLL? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Jones Lang LaSalle Inc (NYSE:JLL).

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

Receive News & Ratings for Jones Lang LaSalle Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Jones Lang LaSalle and related companies with MarketBeat.com's FREE daily email newsletter.