Mercer Global Advisors Inc. ADV Increases Its Position in Jones Lang LaSalle Incorporated (NYSE:JLL)

Mercer Global Advisors Inc. ADV raised its position in shares of Jones Lang LaSalle Incorporated (NYSE:JLL – Free Report) by 2.6% during the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 5,462 shares of the financial services provider’s stock after acquiring an additional 137 shares during the quarter. Holdings of Mercer Global Advisors Inc. ADV in Jones Lang LaSalle were worth $1,121,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors have also recently made changes to their positions in the company. Rise Advisors LLC bought a new stake in Jones Lang LaSalle in the 1st quarter worth $30,000. Inçalta Capital LLC bought a new stake in shares of Jones Lang LaSalle in the second quarter worth $34,000. Atlas Capital Advisors LLC purchased a new position in shares of Jones Lang LaSalle in the first quarter worth about $35,000. Riverview Trust Co bought a new position in Jones Lang LaSalle in the first quarter valued at about $38,000. Finally, Mather Group LLC. grew its holdings in Jones Lang LaSalle by 446.9% during the second quarter. Mather Group LLC. now owns 268 shares of the financial services provider’s stock worth $52,000 after buying an additional 219 shares in the last quarter. Institutional investors own 94.80% of the company’s shares.

Analyst upgrades and downgrades

JLL has been the subject of a number of research reports. StockNews.com raised shares of Jones Lang LaSalle from a “buy” rating to a “strong-buy” rating in a research report on Friday, September 13th. Keefe, Bruyette & Woods boosted their price objective on Jones Lang LaSalle from $240.00 to $250.00 and gave the company a “market perform” rating in a report on Thursday, August 8th. Raymond James upped their price target on Jones Lang LaSalle from $246.00 to $268.00 and gave the company a “strong-buy” rating in a research report on Thursday, July 25th. UBS Group raised their price objective on Jones Lang LaSalle from $225.00 to $240.00 and gave the stock a “buy” rating in a report on Wednesday, July 3rd. Finally, JPMorgan Chase & Co. boosted their price objective on shares of Jones Lang LaSalle from $215.00 to $230.00 and gave the company an “overweight” rating in a report on Friday, June 21st. Two investment analysts have rated the stock with a hold rating, three have assigned a buy rating and two have assigned a strong buy rating to the company’s stock. The stock presently has a consensus rating of “Buy” and a consensus price target of $246.80, based on data from MarketBeat.

Get the latest stock analysis on Jones Lang LaSalle

Shares in Jones Lang LaSalle fell 0.8%

Shares of JLL stock opened at $267.30 on Thursday. Jones Lang LaSalle Incorporated has a 12-month low of $119.46 and a 12-month high of $271.91. The firm has a market cap of $12.71 billion, a PE ratio of 42.97 and a beta of 1.37. The company has a quick ratio of 2.58, a current ratio of 2.58, and a debt-to-equity ratio of 0.31. The stock has a 50-day simple moving average of $248.09 and a two-hundred-day simple moving average of $214.30.

Jones Lang LaSalle (NYSE:JLL – Get Your Free Report ) last issued its earnings results on Tuesday, August 6th. The financial services provider reported $2.55 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.30 by $0.25. The company had revenue of $5.63 billion for the quarter, compared to analysts’ expectations of $5.48 billion. Jones Lang LaSalle had a net margin of 1.76% and a return on equity of 8.03%. The company’s revenue for the quarter was up 11.4% compared to the same quarter last year. During the same period in the previous year, the company posted EPS of $0.50. On average, equities analysts forecast that Jones Lang LaSalle Incorporated will post 12.54 EPS for the current fiscal year.

Jones Lang LaSalle Company Profile

(Free Report)

Jones Lang LaSalle Incorporated operates as a commercial real estate and investment management company. It engages in the purchase, construction, occupation, management and investment of commercial, industrial, hotel, residential and retail property in the Americas, Europe, the Middle East, Africa and Asia Pacific.

See Also

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