Morgan Stanley grew its position in shares of Jones Lang LaSalle Inc (NYSE:JLL) by 73.0% during the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 363,459 shares of the financial services provider’s stock after buying an additional 153,317 shares during the quarter. Morgan Stanley owned 0.80% of Jones Lang LaSalle worth $60,330,000 as of its most recent filing with the Securities & Exchange Commission.
Several other large investors have also recently bought and sold shares of the company. Natixis purchased a new stake in shares of Jones Lang LaSalle during the second quarter valued at approximately $364,000. First Republic Investment Management Inc. boosted its holdings in Jones Lang LaSalle by 55.1% in the second quarter. First Republic Investment Management Inc. now owns 1,798 shares of the financial services provider’s stock worth $298,000 after purchasing an additional 639 shares during the last quarter. Raymond James & Associates boosted its holdings in Jones Lang LaSalle by 71.3% in the second quarter. Raymond James & Associates now owns 25,895 shares of the financial services provider’s stock worth $4,298,000 after purchasing an additional 10,781 shares during the last quarter. Epoch Investment Partners Inc. boosted its holdings in Jones Lang LaSalle by 34.8% in the second quarter. Epoch Investment Partners Inc. now owns 54,282 shares of the financial services provider’s stock worth $9,010,000 after purchasing an additional 14,007 shares during the last quarter. Finally, AMP Capital Investors Ltd boosted its holdings in Jones Lang LaSalle by 28.6% in the second quarter. AMP Capital Investors Ltd now owns 25,843 shares of the financial services provider’s stock worth $4,289,000 after purchasing an additional 5,752 shares during the last quarter. Hedge funds and other institutional investors own 93.54% of the company’s stock.
Several equities research analysts recently issued reports on JLL shares. Zacks Investment Research upgraded shares of Jones Lang LaSalle from a “sell” rating to a “hold” rating in a report on Monday, August 20th. ValuEngine cut shares of Jones Lang LaSalle from a “buy” rating to a “hold” rating in a report on Wednesday, August 8th. Six equities research analysts have rated the stock with a hold rating and four have issued a buy rating to the company’s stock. The stock presently has a consensus rating of “Hold” and an average price target of $179.17.
In related news, CEO Guy Grainger sold 200 shares of the firm’s stock in a transaction that occurred on Monday, August 27th. The shares were sold at an average price of $154.94, for a total value of $30,988.00. Following the sale, the chief executive officer now owns 1,341 shares in the company, valued at $207,774.54. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Company insiders own 0.63% of the company’s stock.
Shares of JLL stock opened at $144.89 on Thursday. Jones Lang LaSalle Inc has a 12-month low of $123.07 and a 12-month high of $178.75. The company has a debt-to-equity ratio of 0.31, a quick ratio of 1.92 and a current ratio of 1.92. The company has a market capitalization of $6.49 billion, a P/E ratio of 14.11, a P/E/G ratio of 1.26 and a beta of 1.62.
Jones Lang LaSalle (NYSE:JLL) last issued its earnings results on Wednesday, August 8th. The financial services provider reported $2.26 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $2.21 by $0.05. Jones Lang LaSalle had a net margin of 2.62% and a return on equity of 13.84%. The company had revenue of $3.90 billion for the quarter, compared to analysts’ expectations of $2.02 billion. During the same quarter last year, the company posted $2.17 earnings per share. The firm’s quarterly revenue was up 12.5% on a year-over-year basis. equities analysts predict that Jones Lang LaSalle Inc will post 10.26 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, project and development management/construction, capital markets, property management, corporate finance, real estate investment banking/merchant banking, energy and sustainability, research, facility management outsourcing, strategic consulting, technology solutions, advisory, investment management, tenant representation, lease administration, transaction management, logistics and supply-chain management, valuations, and mortgage origination and servicing.
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