Fifth Third Wealth Advisors LLC Sells 178 Shares of Jones Lang LaSalle Incorporated $JLL

Fifth Third Wealth Advisors LLC lowered its stake in Jones Lang LaSalle Incorporated (NYSE:JLL) by 10.3% during the 2nd quarter, Holdings Channel reports. The firm owned 1,550 shares of the financial services provider’s stock after selling 178 shares during the quarter. Fifth Third Wealth Advisors LLC’s holdings in Jones Lang LaSalle were worth $396,000 at the end of the most recent reporting period.

Several other hedge funds have also bought and sold shares of JLL. Golden State Wealth Management LLC purchased a new stake in Jones Lang LaSalle in the 1st quarter worth $33,000. Thurston Springer Miller Herd & Titak Inc. lifted its stake in Jones Lang LaSalle by 322.6% in the 2nd quarter. Thurston Springer Miller Herd & Titak Inc. now owns 131 shares of the financial services provider’s stock worth $34,000 after purchasing an additional 100 shares in the last quarter. SVB Wealth LLC purchased a new stake in Jones Lang LaSalle in the 1st quarter worth $38,000. Western Pacific Wealth Management LP purchased a new stake in shares of Jones Lang LaSalle during the 1st quarter valued at about $41,000. Finally, Brooklyn Investment Group raised its position in shares of Jones Lang LaSalle by 142.1% during the 1st quarter. Brooklyn Investment Group now owns 322 shares of the financial services provider’s stock valued at $80,000 after buying an additional 189 shares in the last quarter. Hedge funds and other institutional investors own 94.80% of the company’s stock.

Wall Street Analysts Forecast Growth

Several brokerages have recently issued reports on JLL. JMP Securities began coverage on shares of Jones Lang LaSalle in a research report on Monday, July 21st. They set a “market perform” rating on the stock. Wall Street Zen upgraded shares of Jones Lang LaSalle from a “hold” rating to a “buy” rating in a research report on Sunday, August 31st. Citizens Jmp began coverage on shares of Jones Lang LaSalle in a research report on Monday, July 21st. They set a “market perform” rating on the stock. Keefe, Bruyette & Woods upped 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, October 9th. Finally, UBS Group increased their price objective on shares of Jones Lang LaSalle from $340.00 to $360.00 and gave the stock a “buy” rating in a research report on Friday. One analyst has rated the stock with a Strong Buy rating, five have given a Buy rating and four have issued a Hold rating to the company’s stock. Based on data from MarketBeat, Jones Lang LaSalle presently has a consensus rating of “Moderate Buy” and a consensus price target of $338.29.

Jones Lang LaSalle Price Performance

NYSE JLL opened at $290.25 on Tuesday. The company has a debt-to-equity ratio of 0.16, a quick ratio of 2.35 and a current ratio of 2.35. The firm’s 50 day moving average price is $299.04 and its 200-day moving average price is $258.83. Jones Lang LaSalle Incorporated has a 52-week low of $194.36 and a 52-week high of $322.36. The company has a market cap of $13.75 billion, a PE ratio of 24.96 and a beta of 1.39.

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

Jones Lang LaSalle Company Profile

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.