Moody Aldrich Partners LLC Purchases New Position in Jones Lang LaSalle Inc (NYSE:JLL)

Moody Aldrich Partners LLC purchased a new stake in Jones Lang LaSalle Inc (NYSE:JLL) during the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm purchased 3,730 shares of the financial services provider’s stock, valued at approximately $386,000.

A number of other hedge funds and other institutional investors have also made changes to their positions in JLL. APG Asset Management N.V. lifted its position in Jones Lang LaSalle by 232.7% in the 1st quarter. APG Asset Management N.V. now owns 946,700 shares of the financial services provider’s stock valued at $129,993,000 after acquiring an additional 662,119 shares in the last quarter. Norges Bank purchased a new stake in Jones Lang LaSalle in the 4th quarter valued at about $94,845,000. Wellington Management Group LLP increased its stake in Jones Lang LaSalle by 67.0% in the 1st quarter. Wellington Management Group LLP now owns 313,009 shares of the financial services provider’s stock valued at $31,608,000 after buying an additional 125,561 shares during the last quarter. Massachusetts Financial Services Co. MA purchased a new stake in Jones Lang LaSalle in the 1st quarter valued at about $9,304,000. Finally, Fort Washington Investment Advisors Inc. OH increased its stake in Jones Lang LaSalle by 11.3% in the 1st quarter. Fort Washington Investment Advisors Inc. OH now owns 858,378 shares of the financial services provider’s stock valued at $86,679,000 after buying an additional 87,304 shares during the last quarter. 94.67% of the stock is currently owned by institutional investors and hedge funds.

Several equities research analysts have commented on JLL shares. JPMorgan Chase & Co. decreased their price objective on shares of Jones Lang LaSalle from $183.00 to $132.00 and set an “overweight” rating for the company in a research note on Thursday, April 9th. UBS Group decreased their price objective on shares of Jones Lang LaSalle from $188.00 to $119.00 and set a “buy” rating for the company in a research note on Wednesday, May 13th. Finally, Raymond James decreased their price objective on shares of Jones Lang LaSalle from $172.00 to $146.00 and set an “outperform” rating for the company in a research note on Wednesday. Two analysts have rated the stock with a sell rating and four have issued a buy rating to the stock. Jones Lang LaSalle currently has a consensus rating of “Hold” and an average target price of $150.20.

Shares of JLL stock traded down $0.16 during trading hours on Friday, hitting $98.91. 318,603 shares of the company were exchanged, compared to its average volume of 280,698. The firm has a fifty day simple moving average of $103.56 and a 200 day simple moving average of $121.48. The company has a current ratio of 2.36, a quick ratio of 2.36 and a debt-to-equity ratio of 0.56. Jones Lang LaSalle Inc has a 52-week low of $78.29 and a 52-week high of $178.55. The stock has a market capitalization of $5.11 billion, a price-to-earnings ratio of 9.70, a P/E/G ratio of 1.66 and a beta of 1.68.

Jones Lang LaSalle (NYSE:JLL) last issued its quarterly earnings results on Tuesday, May 5th. The financial services provider reported $0.49 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.91 by ($0.42). Jones Lang LaSalle had a return on equity of 14.30% and a net margin of 2.84%. The company had revenue of $2.23 billion for the quarter, compared to analysts’ expectations of $2.32 billion. During the same quarter in the previous year, the business earned $0.89 EPS. The company’s revenue for the quarter was up 13.8% on a year-over-year basis. Sell-side analysts anticipate that Jones Lang LaSalle Inc will post 6.64 EPS for the current year.

About Jones Lang LaSalle

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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