Magnus Financial Group LLC lessened its holdings in Jones Lang LaSalle Inc (NYSE:JLL) by 20.0% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 1,762 shares of the financial services provider’s stock after selling 441 shares during the period. Magnus Financial Group LLC’s holdings in Jones Lang LaSalle were worth $248,000 at the end of the most recent quarter.
Several other institutional investors and hedge funds have also bought and sold shares of JLL. Steward Partners Investment Advisory LLC acquired a new stake in shares of Jones Lang LaSalle in the 2nd quarter worth about $25,000. Cullen Frost Bankers Inc. grew its position in Jones Lang LaSalle by 9,100.0% in the 2nd quarter. Cullen Frost Bankers Inc. now owns 184 shares of the financial services provider’s stock worth $26,000 after purchasing an additional 182 shares in the last quarter. Advisory Services Network LLC grew its position in Jones Lang LaSalle by 268.5% in the 2nd quarter. Advisory Services Network LLC now owns 199 shares of the financial services provider’s stock worth $28,000 after purchasing an additional 145 shares in the last quarter. Parallel Advisors LLC grew its position in Jones Lang LaSalle by 62.2% in the 1st quarter. Parallel Advisors LLC now owns 232 shares of the financial services provider’s stock worth $36,000 after purchasing an additional 89 shares in the last quarter. Finally, Hanson & Doremus Investment Management bought a new stake in Jones Lang LaSalle in the 1st quarter worth about $39,000. Institutional investors own 81.99% of the company’s stock.
JLL has been the subject of a number of recent analyst reports. Goldman Sachs Group raised shares of Jones Lang LaSalle from a “neutral” rating to a “buy” rating and upped their price objective for the stock from $183.00 to $206.00 in a research report on Friday, May 10th. Zacks Investment Research downgraded shares of Jones Lang LaSalle from a “buy” rating to a “hold” rating in a research report on Tuesday, May 14th. JPMorgan Chase & Co. initiated coverage on shares of Jones Lang LaSalle in a research report on Wednesday, July 17th. They issued an “overweight” rating and a $140.23 price objective for the company. Compass Point initiated coverage on shares of Jones Lang LaSalle in a research report on Wednesday, July 10th. They issued a “buy” rating and a $180.00 price objective for the company. Finally, UBS Group upped their price objective on shares of Jones Lang LaSalle from $175.00 to $178.00 and gave the stock a “buy” rating in a research report on Monday, August 12th. Two investment analysts have rated the stock with a sell rating, three have issued a hold rating and eight have given a buy rating to the stock. The company has a consensus rating of “Hold” and a consensus target price of $173.91.
Jones Lang LaSalle (NYSE:JLL) last released its earnings results on Tuesday, August 6th. The financial services provider reported $2.94 earnings per share for the quarter, beating the Zacks’ consensus estimate of $2.33 by $0.61. Jones Lang LaSalle had a net margin of 2.76% and a return on equity of 15.79%. The firm had revenue of $2.35 billion during the quarter, compared to the consensus estimate of $2.28 billion. During the same period in the prior year, the firm earned $2.26 EPS. The company’s revenue was up 8.5% compared to the same quarter last year. As a group, analysts anticipate that Jones Lang LaSalle Inc will post 12.13 earnings per share for the current year.
Jones Lang LaSalle Profile
Jones Lang LaSalle Incorporated, a professional services company, provides commercial real estate and investment management services worldwide. It offers a range of real estate services, including agency leasing, logistics and supply-chain management, corporate finance, mortgage origination and servicing, debt placement, project and development management/design, digital, property management, energy and sustainability, real estate investment banking, integrated facilities management, research, investment management and advisory, strategic consulting and advisory, investment sale, tenant representation, lease administration, and valuations.
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