University of Texas Texas AM Investment Management Co. Trims Stock Holdings in Jones Lang LaSalle Incorporated (NYSE:JLL)

University of Texas Texas AM Investment Management Co. lessened its holdings in Jones Lang LaSalle Incorporated (NYSE:JLL) by 26.3% during the 2nd quarter, HoldingsChannel.com reports. The fund owned 11,085 shares of the financial services provider’s stock after selling 3,947 shares during the period. University of Texas Texas AM Investment Management Co.’s holdings in Jones Lang LaSalle were worth $2,276,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also bought and sold shares of the company. EdgePoint Investment Group Inc. grew its holdings in shares of Jones Lang LaSalle by 27.3% in the first quarter. EdgePoint Investment Group Inc. now owns 2,072,046 shares of the financial services provider’s stock worth $404,235,000 after purchasing an additional 443,992 shares during the last quarter. Dimensional Fund Advisors LP increased its position in shares of Jones Lang LaSalle by 1.9% during the second quarter. Dimensional Fund Advisors LP now owns 1,472,703 shares of the financial services provider’s stock worth $302,318,000 after acquiring an additional 26,814 shares during the period. Massachusetts Financial Services Co. MA raised its stake in shares of Jones Lang LaSalle by 20.9% during the second quarter. Massachusetts Financial Services Co. MA now owns 1,049,392 shares of the financial services provider’s stock valued at $215,419,000 after acquiring an additional 181,246 shares in the last quarter. Boston Trust Walden Corp boosted its holdings in shares of Jones Lang LaSalle by 1.2% in the second quarter. Boston Trust Walden Corp now owns 672,994 shares of the financial services provider’s stock valued at $138,152,000 after purchasing an additional 7,698 shares during the period. Finally, Price T Rowe Associates Inc. MD grew its stake in Jones Lang LaSalle by 84.8% in the fourth quarter. Price T Rowe Associates Inc. MD now owns 589,128 shares of the financial services provider’s stock worth $111,270,000 after purchasing an additional 270,404 shares in the last quarter. Hedge funds and other institutional investors own 94.80% of the company’s stock.

Jones Lang LaSalle Stock Down 1.3 %

NYSE:JLL opened at $266.38 on Wednesday. The company has a debt-to-equity ratio of 0.31, a quick ratio of 2.58 and a current ratio of 2.58. The stock has a market capitalization of $12.67 billion, a P/E ratio of 42.83 and a beta of 1.37. The company’s 50-day simple moving average is $250.91 and its 200-day simple moving average is $216.86. Jones Lang LaSalle Incorporated has a fifty-two week low of $119.46 and a fifty-two week high of $273.82.

Jones Lang LaSalle (NYSE:JLL) last released its quarterly 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. Jones Lang LaSalle had a net margin of 1.76% and a return on equity of 8.03%. The business had revenue of $5.63 billion for the quarter, compared to analyst estimates of $5.48 billion. During the same period in the previous year, the company earned $0.50 earnings per share. The business’s revenue for the quarter was up 11.4% on a year-over-year basis. On average, equities analysts anticipate that Jones Lang LaSalle Incorporated will post 12.54 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

Several equities research analysts have weighed in on JLL shares. UBS Group upped their target price on Jones Lang LaSalle from $225.00 to $240.00 and gave the stock a “buy” rating in a report on Wednesday, July 3rd. Keefe, Bruyette & Woods increased their target price on shares of Jones Lang LaSalle from $240.00 to $250.00 and gave the stock a “market perform” rating in a report on Thursday, August 8th. JPMorgan Chase & Co. boosted their price target 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. StockNews.com upgraded shares of Jones Lang LaSalle from a “buy” rating to a “strong-buy” rating in a research note on Friday, September 13th. Finally, Raymond James boosted their price objective on shares of Jones Lang LaSalle from $246.00 to $268.00 and gave the stock a “strong-buy” rating in a research note on Thursday, July 25th. Two analysts have rated the stock with a hold rating, three have issued a buy rating and two have assigned a strong buy rating to the company. According to data from MarketBeat.com, the stock has an average rating of “Buy” and an average target price of $246.80.

Jones Lang LaSalle Company Profile

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.