First Horizon Advisors Inc. Has $99,000 Holdings in Jones Lang LaSalle Incorporated $JLL

First Horizon Advisors Inc. lowered its position in Jones Lang LaSalle Incorporated (NYSE:JLL) by 37.2% in the second quarter, HoldingsChannel.com reports. The fund owned 389 shares of the financial services provider’s stock after selling 230 shares during the quarter. First Horizon Advisors Inc.’s holdings in Jones Lang LaSalle were worth $99,000 at the end of the most recent reporting period.

Other large investors have also bought and sold shares of the company. Norden Group LLC bought a new position in Jones Lang LaSalle in the 1st quarter valued at $287,000. PNC Financial Services Group Inc. raised its holdings in shares of Jones Lang LaSalle by 11.2% in the first quarter. PNC Financial Services Group Inc. now owns 2,605 shares of the financial services provider’s stock valued at $646,000 after buying an additional 262 shares during the last quarter. Universal Beteiligungs und Servicegesellschaft mbH bought a new stake in Jones Lang LaSalle during the 1st quarter worth about $8,164,000. OneDigital Investment Advisors LLC acquired a new stake in Jones Lang LaSalle in the 1st quarter valued at about $271,000. Finally, Acadian Asset Management LLC raised its stake in shares of Jones Lang LaSalle by 270.3% in the first quarter. Acadian Asset Management LLC now owns 25,052 shares of the financial services provider’s stock worth $6,206,000 after acquiring an additional 18,287 shares during the last quarter. 94.80% of the stock is currently owned by institutional investors.

Jones Lang LaSalle Stock Performance

Shares of NYSE:JLL opened at $299.77 on Monday. The company has a market capitalization of $14.20 billion, a price-to-earnings ratio of 25.78 and a beta of 1.46. The firm’s 50 day simple moving average is $303.33 and its 200 day simple moving average is $270.35. The company has a debt-to-equity ratio of 0.16, a current ratio of 2.35 and a quick ratio of 2.35. Jones Lang LaSalle Incorporated has a fifty-two week low of $194.36 and a fifty-two week high of $322.36.

Jones Lang LaSalle (NYSE:JLL) last posted its earnings results on Wednesday, November 5th. The financial services provider reported $4.50 earnings per share for the quarter, topping the consensus estimate of $4.24 by $0.26. The company had revenue of $6.51 billion for the quarter, compared to analyst estimates of $6.49 billion. Jones Lang LaSalle had a net margin of 2.28% and a return on equity of 10.63%. The business’s revenue for the quarter was up 10.9% compared to the same quarter last year. During the same period last year, the business posted $3.50 earnings per share. As a group, sell-side analysts forecast that Jones Lang LaSalle Incorporated will post 16.45 earnings per share for the current year.

Analyst Ratings Changes

A number of analysts recently weighed in on the stock. UBS Group raised their price target on shares of Jones Lang LaSalle from $340.00 to $360.00 and gave the company a “buy” rating in a report on Friday, October 10th. Citizens Jmp initiated coverage on Jones Lang LaSalle in a research report on Monday, July 21st. They set a “market perform” rating for the company. The Goldman Sachs Group raised their price target on Jones Lang LaSalle from $338.00 to $378.00 and gave the company a “buy” rating in a report on Wednesday, August 13th. Weiss Ratings reiterated a “hold (c+)” rating on shares of Jones Lang LaSalle in a research report on Wednesday, October 8th. Finally, JMP Securities assumed coverage on shares of Jones Lang LaSalle in a research report on Monday, July 21st. They set a “market perform” rating on the stock. One analyst has rated the stock with a Strong Buy rating, five have assigned a Buy rating and four have assigned a Hold rating to the stock. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $338.29.

About Jones Lang LaSalle

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.