Sanctuary Advisors LLC Purchases Shares of 2,356 Jones Lang LaSalle Incorporated (NYSE:JLL)

Sanctuary Advisors LLC purchased a new stake in shares of Jones Lang LaSalle Incorporated (NYSE:JLL - Free Report) in the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund purchased 2,356 shares of the financial services provider's stock, valued at approximately $484,000.

Other hedge funds and other institutional investors have also recently made changes to their positions in the company. Rise Advisors LLC purchased a new stake in shares of Jones Lang LaSalle in the first quarter worth $30,000. Innealta Capital LLC purchased a new position in shares of Jones Lang LaSalle in the second quarter valued at about $34,000. Atlas Capital Advisors LLC bought a new position in shares of Jones Lang LaSalle in the first quarter worth about $35,000. Riverview Trust Co bought a new stake in Jones Lang LaSalle during the 1st quarter valued at approximately $38,000. Finally, Mather Group LLC. boosted its stake in Jones Lang LaSalle by 446.9% in the 2nd quarter. Mather Group LLC. now owns 268 shares of the financial services provider's stock worth $52,000 after purchasing an additional 219 shares during the period. Hedge funds and other institutional investors own 94.80% of the company's stock.

Analyst Upgrades and Downgrades

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

Jones Lang LaSalle Price Performance

Shares of JLL stock traded down $1.62 during mid-day trading on Thursday, hitting $265.62. 339,510 shares of the stock were exchanged, compared to its average volume of 281,776. The company has a market cap of $12.63 billion, a PE ratio of 42.70 and a beta of 1.37. The firm has a fifty day moving average of $256.23 and a 200 day moving average of $222.58. The company has a quick ratio of 2.58, a current ratio of 2.58 and a debt-to-equity ratio of 0.31. Jones Lang LaSalle Incorporated has a 52-week low of $119.46 and a 52-week high of $273.82.

Jones Lang LaSalle (NYSE:JLL - Get Free Report) last announced its earnings results on Tuesday, August 6th. The financial services provider reported $2.55 EPS for the quarter, beating analysts' consensus estimates of $2.30 by $0.25. The business had revenue of $5.63 billion during the quarter, compared to analysts' expectations of $5.48 billion. Jones Lang LaSalle had a return on equity of 8.03% and a net margin of 1.76%. The business's revenue was up 11.4% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $0.50 earnings per share. Research analysts anticipate that Jones Lang LaSalle Incorporated will post 12.54 earnings per share for the current year.

Jones Lang LaSalle 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.