KLP Kapitalforvaltning AS Buys 200 Shares of Jones Lang LaSalle Incorporated $JLL

KLP Kapitalforvaltning AS boosted its stake in shares of Jones Lang LaSalle Incorporated (NYSE:JLL) by 2.1% in the second quarter, HoldingsChannel reports. The firm owned 9,800 shares of the financial services provider’s stock after purchasing an additional 200 shares during the quarter. KLP Kapitalforvaltning AS’s holdings in Jones Lang LaSalle were worth $2,507,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in JLL. Wealth Enhancement Advisory Services LLC boosted its position in Jones Lang LaSalle by 7.2% during the fourth quarter. Wealth Enhancement Advisory Services LLC now owns 1,292 shares of the financial services provider’s stock worth $327,000 after purchasing an additional 87 shares during the period. Farther Finance Advisors LLC boosted its position in Jones Lang LaSalle by 39.9% during the first quarter. Farther Finance Advisors LLC now owns 368 shares of the financial services provider’s stock worth $91,000 after purchasing an additional 105 shares during the period. Simon Quick Advisors LLC bought a new position in Jones Lang LaSalle during the first quarter worth $342,000. Fifth Third Bancorp boosted its position in Jones Lang LaSalle by 22.0% during the first quarter. Fifth Third Bancorp now owns 2,098 shares of the financial services provider’s stock worth $520,000 after purchasing an additional 378 shares during the period. Finally, Fairvoy Private Wealth LLC boosted its position in Jones Lang LaSalle by 18.4% during the first quarter. Fairvoy Private Wealth LLC now owns 3,353 shares of the financial services provider’s stock worth $831,000 after purchasing an additional 521 shares during the period. 94.80% of the stock is owned by institutional investors.

Jones Lang LaSalle Stock Down 1.8%

JLL stock opened at $282.72 on Friday. The company has a market cap of $13.40 billion, a PE ratio of 24.31 and a beta of 1.39. The business has a 50-day simple moving average of $298.64 and a 200 day simple moving average of $258.47. Jones Lang LaSalle Incorporated has a 52 week low of $194.36 and a 52 week high of $322.36. The company has a quick ratio of 2.35, a current ratio of 2.35 and a debt-to-equity ratio of 0.16.

Jones Lang LaSalle (NYSE:JLL) last issued its earnings results on Wednesday, August 6th. The financial services provider reported $3.30 EPS for the quarter, topping the consensus estimate of $3.20 by $0.10. Jones Lang LaSalle had a return on equity of 10.63% and a net margin of 2.28%.The firm had revenue of $6.25 billion during the quarter, compared to the consensus estimate of $6.17 billion. During the same quarter in the previous year, the firm earned $2.55 earnings per share. The business’s quarterly revenue was up 11.0% on a year-over-year basis. Sell-side analysts anticipate that Jones Lang LaSalle Incorporated will post 16.45 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of brokerages have recently issued reports on JLL. JPMorgan Chase & Co. boosted their target price on shares of Jones Lang LaSalle from $285.00 to $372.00 and gave the company an “overweight” rating in a research report on Tuesday, August 26th. Keefe, Bruyette & Woods boosted their target price on shares of Jones Lang LaSalle from $317.00 to $345.00 and gave the company an “outperform” rating in a research report on Thursday. Weiss Ratings reissued a “hold (c+)” rating on shares of Jones Lang LaSalle in a research report on Wednesday. Citizens Jmp began coverage on shares of Jones Lang LaSalle in a research report on Monday, July 21st. They issued a “market perform” rating for the company. Finally, UBS Group boosted their target price on shares of Jones Lang LaSalle from $340.00 to $360.00 and gave the company a “buy” rating in a research report on Friday. One equities research analyst has rated the stock with a Strong Buy rating, five have assigned a Buy rating and four have given a Hold rating to the company. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average price target of $338.29.

About Jones Lang LaSalle

Jones Lang LaSalle Incorporated operates as a commercial real estate and investment management company. It engages in the buying, building, occupying, managing, and investing in a commercial, industrial, hotel, residential, and retail properties in Americas, Europe, the Middle East, Africa, and the Asia Pacific.