American International Group Inc. grew its stake in Jones Lang LaSalle Inc (NYSE:JLL) by 0.8% during the 2nd quarter, Holdings Channel reports. The firm owned 94,361 shares of the financial services provider’s stock after buying an additional 718 shares during the period. American International Group Inc.’s holdings in Jones Lang LaSalle were worth $15,663,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds and other institutional investors also recently bought and sold shares of the company. Cornerstone Wealth Management LLC bought a new position in shares of Jones Lang LaSalle during the 2nd quarter worth about $172,000. IFM Investors Pty Ltd bought a new position in shares of Jones Lang LaSalle during the 2nd quarter worth about $206,000. Eqis Capital Management Inc. bought a new position in shares of Jones Lang LaSalle during the 2nd quarter worth about $207,000. Manning & Napier Group LLC bought a new position in shares of Jones Lang LaSalle during the 2nd quarter worth about $215,000. Finally, Cambria Investment Management L.P. bought a new position in shares of Jones Lang LaSalle during the 2nd quarter worth about $244,000. Institutional investors own 92.72% of the company’s stock.

JLL has been the subject of a number of analyst reports. Zacks Investment Research raised shares of Jones Lang LaSalle from a “hold” rating to a “buy” rating and set a $198.00 price objective for the company in a report on Wednesday, May 9th. ValuEngine downgraded shares of Jones Lang LaSalle from a “strong-buy” rating to a “buy” rating in a report on Tuesday, May 29th. Six investment analysts have rated the stock with a hold rating and four have given a buy rating to the stock. The company has a consensus rating of “Hold” and an average target price of $179.17.

NYSE:JLL opened at $152.20 on Tuesday. The stock has a market cap of $6.89 billion, a PE ratio of 16.74, a price-to-earnings-growth ratio of 1.34 and a beta of 1.74. Jones Lang LaSalle Inc has a 52 week low of $116.48 and a 52 week high of $178.75. The company has a quick ratio of 1.92, a current ratio of 1.92 and a debt-to-equity ratio of 0.31.

Jones Lang LaSalle (NYSE:JLL) last released its quarterly earnings data on Wednesday, August 8th. The financial services provider reported $2.26 EPS for the quarter, topping analysts’ consensus estimates of $2.21 by $0.05. Jones Lang LaSalle had a net margin of 2.62% and a return on equity of 13.84%. The company had revenue of $3.90 billion during the quarter, compared to the consensus estimate of $2.02 billion. During the same period last year, the firm earned $2.17 EPS. The firm’s revenue for the quarter was up 12.5% compared to the same quarter last year. equities research analysts expect that Jones Lang LaSalle Inc will post 10.26 EPS for the current year.

Jones Lang LaSalle Company 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, project and development management/construction, capital markets, property management, corporate finance, real estate investment banking/merchant banking, energy and sustainability, research, facility management outsourcing, strategic consulting, technology solutions, advisory, investment management, tenant representation, lease administration, transaction management, logistics and supply-chain management, valuations, and mortgage origination and servicing.

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Institutional Ownership by Quarter for Jones Lang LaSalle (NYSE:JLL)

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