Jones Lang LaSalle Inc (NYSE:JLL) Shares Sold by Pictet Asset Management Ltd.

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Pictet Asset Management Ltd. lessened its holdings in shares of Jones Lang LaSalle Inc (NYSE:JLL) by 8.3% in the second quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 17,672 shares of the financial services provider’s stock after selling 1,600 shares during the quarter. Pictet Asset Management Ltd.’s holdings in Jones Lang LaSalle were worth $2,486,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds have also bought and sold shares of the company. Magnus Financial Group LLC increased its position in Jones Lang LaSalle by 4.3% in the first quarter. Magnus Financial Group LLC now owns 2,203 shares of the financial services provider’s stock worth $340,000 after buying an additional 91 shares during the period. AGF Investments Inc. increased its position in Jones Lang LaSalle by 6.1% in the first quarter. AGF Investments Inc. now owns 1,840 shares of the financial services provider’s stock worth $284,000 after buying an additional 106 shares during the period. Sumitomo Mitsui Asset Management Company LTD increased its position in Jones Lang LaSalle by 4.4% in the first quarter. Sumitomo Mitsui Asset Management Company LTD now owns 2,837 shares of the financial services provider’s stock worth $437,000 after buying an additional 119 shares during the period. Municipal Employees Retirement System of Michigan increased its position in Jones Lang LaSalle by 1.4% in the second quarter. Municipal Employees Retirement System of Michigan now owns 8,430 shares of the financial services provider’s stock worth $1,186,000 after buying an additional 120 shares during the period. Finally, Los Angeles Capital Management & Equity Research Inc. increased its position in Jones Lang LaSalle by 1.0% in the second quarter. Los Angeles Capital Management & Equity Research Inc. now owns 13,620 shares of the financial services provider’s stock worth $1,916,000 after buying an additional 136 shares during the period. 82.38% of the stock is owned by hedge funds and other institutional investors.

JLL has been the topic of several analyst reports. JPMorgan Chase & Co. initiated coverage on Jones Lang LaSalle in a research report on Wednesday, July 17th. They issued an “overweight” rating and a $140.23 target price on the stock. UBS Group raised their price target on Jones Lang LaSalle from $175.00 to $178.00 and gave the company a “buy” rating in a report on Monday, August 12th. DA Davidson initiated coverage on Jones Lang LaSalle in a report on Thursday, July 11th. They set a “buy” rating on the stock. Finally, Compass Point initiated coverage on Jones Lang LaSalle in a report on Wednesday, July 10th. They set a “buy” rating and a $180.00 price target on the stock. Two equities research analysts have rated the stock with a sell rating, three have issued a hold rating and eight have assigned a buy rating to the company. The company currently has an average rating of “Hold” and a consensus target price of $173.91.

Shares of JLL traded down $0.89 during trading hours on Thursday, reaching $137.20. 4,488 shares of the company’s stock traded hands, compared to its average volume of 261,488. The firm has a market capitalization of $7.24 billion, a price-to-earnings ratio of 11.32, a P/E/G ratio of 1.29 and a beta of 1.75. The company has a debt-to-equity ratio of 0.44, a current ratio of 1.95 and a quick ratio of 1.95. Jones Lang LaSalle Inc has a twelve month low of $119.79 and a twelve month high of $173.32. The business’s fifty day simple moving average is $137.30 and its two-hundred day simple moving average is $143.14.

Jones Lang LaSalle (NYSE:JLL) last issued its quarterly earnings results on Tuesday, August 6th. The financial services provider reported $2.94 EPS for the quarter, beating analysts’ consensus estimates of $2.33 by $0.61. The company had revenue of $2.35 billion for the quarter, compared to analyst estimates of $2.28 billion. Jones Lang LaSalle had a return on equity of 15.79% and a net margin of 2.76%. The company’s quarterly revenue was up 8.5% compared to the same quarter last year. During the same period last year, the company earned $2.26 earnings per share. On average, equities research analysts expect that Jones Lang LaSalle Inc will post 12.13 EPS 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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Institutional Ownership by Quarter for Jones Lang LaSalle (NYSE:JLL)

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