Summit Investment Advisors Inc. Has $4.26 Million Stock Holdings in Jones Lang LaSalle Incorporated $JLL

Summit Investment Advisors Inc. cut its position in Jones Lang LaSalle Incorporated (NYSE:JLL) by 1.0% in the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 17,185 shares of the financial services provider’s stock after selling 168 shares during the quarter. Summit Investment Advisors Inc.’s holdings in Jones Lang LaSalle were worth $4,260,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also modified their holdings of JLL. Norden Group LLC bought a new stake in shares of Jones Lang LaSalle in the first quarter valued at approximately $287,000. PNC Financial Services Group Inc. raised its position in Jones Lang LaSalle by 11.2% during the first quarter. PNC Financial Services Group Inc. now owns 2,605 shares of the financial services provider’s stock valued at $646,000 after purchasing an additional 262 shares in the last quarter. Universal Beteiligungs und Servicegesellschaft mbH bought a new stake in Jones Lang LaSalle during the first quarter worth $8,164,000. OneDigital Investment Advisors LLC bought a new position in shares of Jones Lang LaSalle in the 1st quarter valued at $271,000. Finally, Acadian Asset Management LLC grew its position in Jones Lang LaSalle by 270.3% in the first quarter. Acadian Asset Management LLC now owns 25,052 shares of the financial services provider’s stock valued at $6,206,000 after acquiring an additional 18,287 shares during the last quarter. 94.80% of the stock is currently owned by institutional investors and hedge funds.

Jones Lang LaSalle Stock Up 4.1%

Jones Lang LaSalle stock opened at $299.77 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. The firm has a market cap of $14.20 billion, a P/E ratio of 25.78 and a beta of 1.46. The business has a fifty day moving average of $303.33 and a two-hundred day moving average of $269.59. Jones Lang LaSalle Incorporated has a twelve month low of $194.36 and a twelve month high of $322.36.

Jones Lang LaSalle (NYSE:JLL) last released its quarterly earnings results on Wednesday, November 5th. The financial services provider reported $4.50 EPS for the quarter, topping the consensus estimate of $4.24 by $0.26. Jones Lang LaSalle had a return on equity of 10.63% and a net margin of 2.28%.The firm had revenue of $6.51 billion during the quarter, compared to analyst estimates of $6.49 billion. During the same period in the previous year, the company posted $3.50 EPS. The business’s revenue for the quarter was up 10.9% compared to the same quarter last year. On average, analysts forecast that Jones Lang LaSalle Incorporated will post 16.45 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

JLL has been the subject of a number of research analyst reports. Citizens Jmp initiated coverage on shares of Jones Lang LaSalle in a research report on Monday, July 21st. They set a “market perform” rating for the company. Keefe, Bruyette & Woods increased their target price on Jones Lang LaSalle from $317.00 to $345.00 and gave the company an “outperform” rating in a research report on Thursday, October 9th. Weiss Ratings reaffirmed a “hold (c+)” rating on shares of Jones Lang LaSalle in a research note on Wednesday, October 8th. Wall Street Zen raised shares of Jones Lang LaSalle from a “buy” rating to a “strong-buy” rating in a research report on Saturday. Finally, UBS Group raised their price target on Jones Lang LaSalle from $340.00 to $360.00 and gave the stock a “buy” rating in a research note on Friday, October 10th. One research analyst has rated the stock with a Strong Buy rating, five have given a Buy rating and four have assigned a Hold rating to the stock. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average target price of $338.29.

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.