Jones Lang LaSalle Incorporated $JLL Stake Raised by University of Texas Texas AM Investment Management Co.

University of Texas Texas AM Investment Management Co. boosted its holdings in Jones Lang LaSalle Incorporated (NYSE:JLL) by 135.5% during the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 26,850 shares of the financial services provider’s stock after acquiring an additional 15,449 shares during the quarter. Jones Lang LaSalle accounts for 1.1% of University of Texas Texas AM Investment Management Co.’s portfolio, making the stock its 18th largest position. University of Texas Texas AM Investment Management Co.’s holdings in Jones Lang LaSalle were worth $6,868,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently bought and sold shares of the stock. Thurston Springer Miller Herd & Titak Inc. lifted its holdings in shares of Jones Lang LaSalle by 322.6% in the second quarter. Thurston Springer Miller Herd & Titak Inc. now owns 131 shares of the financial services provider’s stock valued at $34,000 after buying an additional 100 shares during the period. Golden State Wealth Management LLC purchased a new stake in shares of Jones Lang LaSalle during the first quarter worth $33,000. SVB Wealth LLC bought a new stake in shares of Jones Lang LaSalle in the 1st quarter valued at approximately $38,000. Whittier Trust Co. increased its position in Jones Lang LaSalle by 40.9% during the second quarter. Whittier Trust Co. now owns 217 shares of the financial services provider’s stock worth $56,000 after buying an additional 63 shares during the last quarter. Finally, Brooklyn Investment Group boosted its position in Jones Lang LaSalle by 142.1% during the first quarter. Brooklyn Investment Group now owns 322 shares of the financial services provider’s stock worth $80,000 after purchasing an additional 189 shares during the period. Institutional investors own 94.80% of the company’s stock.

Analysts Set New Price Targets

JLL has been the subject of several research reports. Wall Street Zen upgraded shares of Jones Lang LaSalle from a “hold” rating to a “buy” rating in a research note on Sunday, August 31st. The Goldman Sachs Group raised their price objective on shares of Jones Lang LaSalle from $338.00 to $378.00 and gave the company a “buy” rating in a research report on Wednesday, August 13th. Weiss Ratings reiterated a “hold (c+)” rating on shares of Jones Lang LaSalle in a research report on Saturday. JMP Securities started coverage on shares of Jones Lang LaSalle in a research note on Monday, July 21st. They set a “market perform” rating on the stock. Finally, Citizens Jmp initiated coverage on Jones Lang LaSalle in a research report on Monday, July 21st. They issued a “market perform” rating for the company. One investment analyst has rated the stock with a Strong Buy rating, five have issued a Buy rating and four have issued a Hold rating to the company’s stock. According to data from MarketBeat, Jones Lang LaSalle currently has a consensus rating of “Moderate Buy” and an average target price of $338.29.

Jones Lang LaSalle Trading Up 0.3%

JLL opened at $317.32 on Friday. 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 Incorporated has a twelve month low of $194.36 and a twelve month high of $322.36. The stock has a market capitalization of $15.03 billion, a price-to-earnings ratio of 27.28 and a beta of 1.39. The company has a 50-day simple moving average of $303.31 and a 200 day simple moving average of $263.52.

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. The firm had revenue of $6.25 billion during the quarter, compared to the consensus estimate of $6.17 billion. Jones Lang LaSalle had a return on equity of 10.63% and a net margin of 2.28%.The business’s quarterly revenue was up 11.0% on a year-over-year basis. During the same quarter in the previous year, the firm earned $2.55 earnings per share. Analysts predict that Jones Lang LaSalle Incorporated will post 16.45 EPS for the current fiscal year.

Jones Lang LaSalle 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.