Gateway Investment Advisers LLC Cuts Position in Jones Lang LaSalle Incorporated (NYSE:JLL)

Gateway Investment Advisers LLC trimmed its position in shares of Jones Lang LaSalle Incorporated (NYSE:JLL) by 7.2% during the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 2,069 shares of the financial services provider’s stock after selling 161 shares during the period. Gateway Investment Advisers LLC’s holdings in Jones Lang LaSalle were worth $425,000 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 modified their holdings of the company. Rise Advisors LLC bought a new position in Jones Lang LaSalle during the first quarter valued at $30,000. Atlas Capital Advisors LLC purchased a new position in Jones Lang LaSalle in the first quarter worth about $35,000. Riverview Trust Co bought a new stake in Jones Lang LaSalle during the first quarter worth approximately $38,000. Mather Group LLC. lifted its stake in shares of Jones Lang LaSalle by 446.9% in the 2nd quarter. Mather Group LLC. now owns 268 shares of the financial services provider’s stock valued at $52,000 after purchasing an additional 219 shares during the last quarter. Finally, LRI Investments LLC purchased a new position in shares of Jones Lang LaSalle in the 1st quarter worth approximately $58,000. 94.80% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of analysts recently issued reports on the company. Keefe, Bruyette & Woods raised their price target on Jones Lang LaSalle from $240.00 to $250.00 and gave the stock a “market perform” rating in a research report on Thursday. JPMorgan Chase & Co. lifted their price target on shares of Jones Lang LaSalle from $215.00 to $230.00 and gave the stock an “overweight” rating in a research note on Friday, June 21st. UBS Group increased their price objective on shares of Jones Lang LaSalle from $225.00 to $240.00 and gave the stock a “buy” rating in a research report on Wednesday, July 3rd. Raymond James upped their target price on Jones Lang LaSalle from $246.00 to $268.00 and gave the company a “strong-buy” rating in a research note on Thursday, July 25th. Finally, StockNews.com lowered Jones Lang LaSalle from a “strong-buy” rating to a “buy” rating in a research note on Wednesday. Three equities research analysts have rated the stock with a hold rating, four have issued a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat, Jones Lang LaSalle has a consensus rating of “Moderate Buy” and an average target price of $235.33.

Jones Lang LaSalle Stock Down 0.5 %

NYSE JLL traded down $1.22 on Friday, reaching $238.20. 203,092 shares of the stock traded hands, compared to its average volume of 286,495. Jones Lang LaSalle Incorporated has a 12 month low of $119.46 and a 12 month high of $254.67. The company has a debt-to-equity ratio of 0.34, a quick ratio of 2.35 and a current ratio of 2.35. The company has a fifty day moving average price of $218.29 and a 200-day moving average price of $197.97. The company has a market cap of $11.33 billion, a price-to-earnings ratio of 38.30 and a beta of 1.38.

Jones Lang LaSalle (NYSE:JLL) last released its quarterly earnings data on Tuesday, August 6th. The financial services provider reported $2.55 earnings per share for the quarter, topping analysts’ consensus estimates of $2.30 by $0.25. Jones Lang LaSalle had a net margin of 1.42% and a return on equity of 6.55%. The company had revenue of $5.63 billion during the quarter, compared to analyst estimates of $5.48 billion. During the same period in the prior year, the firm earned $0.50 earnings per share. The firm’s revenue for the quarter was up 11.4% compared to the same quarter last year. As a group, research analysts forecast that Jones Lang LaSalle Incorporated will post 12.4 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.