Sowell Financial Services LLC Lowers Stake in Jones Lang LaSalle Incorporated $JLL

Sowell Financial Services LLC reduced its position in shares of Jones Lang LaSalle Incorporated (NYSE:JLL) by 8.1% during the 2nd quarter, HoldingsChannel reports. The fund owned 1,553 shares of the financial services provider’s stock after selling 137 shares during the period. Sowell Financial Services LLC’s holdings in Jones Lang LaSalle were worth $397,000 at the end of the most recent reporting period.

Other hedge funds have also modified their holdings of the company. Thurston Springer Miller Herd & Titak Inc. boosted its stake in shares of Jones Lang LaSalle by 322.6% during the 2nd quarter. Thurston Springer Miller Herd & Titak Inc. now owns 131 shares of the financial services provider’s stock worth $34,000 after acquiring an additional 100 shares in the last quarter. Golden State Wealth Management LLC acquired a new position in shares of Jones Lang LaSalle during the 1st quarter worth about $33,000. SVB Wealth LLC acquired a new position in shares of Jones Lang LaSalle during the 1st quarter worth about $38,000. Western Pacific Wealth Management LP acquired a new position in shares of Jones Lang LaSalle during the 1st quarter worth 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 worth $80,000 after purchasing an additional 189 shares during the last quarter. 94.80% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several research analysts recently weighed in on the stock. Keefe, Bruyette & Woods upped their price target on shares of Jones Lang LaSalle from $280.00 to $297.00 and gave the stock an “outperform” rating in a research report on Thursday, July 24th. JMP Securities assumed coverage on shares of Jones Lang LaSalle in a research report on Monday, July 21st. They set a “market perform” rating for the company. JPMorgan Chase & Co. upped their price target on shares of Jones Lang LaSalle from $285.00 to $372.00 and gave the stock an “overweight” rating in a research report on Tuesday, August 26th. The Goldman Sachs Group upped their price target on shares of Jones Lang LaSalle from $338.00 to $378.00 and gave the stock a “buy” rating in a research report on Wednesday, August 13th. Finally, Citizens Jmp initiated coverage on shares of Jones Lang LaSalle in a report on Monday, July 21st. They issued a “market perform” rating for the company. One analyst has rated the stock with a Strong Buy rating, five have given a Buy rating and three have issued a Hold rating to the company. Based on data from MarketBeat.com, Jones Lang LaSalle has a consensus rating of “Moderate Buy” and a consensus price target of $328.57.

Jones Lang LaSalle Stock Down 1.0%

Shares of NYSE JLL opened at $300.58 on Friday. The company has a 50 day simple moving average of $292.39 and a 200-day simple moving average of $255.35. The company has a market capitalization of $14.24 billion, a P/E ratio of 25.85 and a beta of 1.41. The company has a debt-to-equity ratio of 0.16, a current ratio of 2.35 and a quick ratio of 2.35. Jones Lang LaSalle Incorporated has a 1 year low of $194.36 and a 1 year high of $322.36.

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