BNP Paribas Arbitrage SA increased its position in Jones Lang LaSalle Incorporated (NYSE:JLL) by 265.7% in the 2nd quarter, according to its most recent filing with the SEC. The fund owned 38,218 shares of the financial services provider’s stock after purchasing an additional 27,768 shares during the period. BNP Paribas Arbitrage SA’s holdings in Jones Lang LaSalle were worth $7,470,000 at the end of the most recent quarter.
Several other institutional investors have also recently bought and sold shares of the company. Aigen Investment Management LP purchased a new stake in shares of Jones Lang LaSalle in the 2nd quarter valued at about $247,000. Rafferty Asset Management LLC lifted its holdings in shares of Jones Lang LaSalle by 51.7% in the 2nd quarter. Rafferty Asset Management LLC now owns 4,090 shares of the financial services provider’s stock valued at $799,000 after purchasing an additional 1,394 shares during the last quarter. WINTON GROUP Ltd lifted its holdings in shares of Jones Lang LaSalle by 1.1% in the 2nd quarter. WINTON GROUP Ltd now owns 6,939 shares of the financial services provider’s stock valued at $1,356,000 after purchasing an additional 77 shares during the last quarter. FFT Wealth Management LLC purchased a new stake in Jones Lang LaSalle during the 2nd quarter valued at approximately $38,000. Finally, Quest Capital Management Inc. ADV purchased a new stake in Jones Lang LaSalle during the 2nd quarter valued at approximately $207,000. 94.83% of the stock is owned by institutional investors and hedge funds.
Several analysts have commented on JLL shares. Zacks Investment Research downgraded Jones Lang LaSalle from a “buy” rating to a “hold” rating and set a $204.00 price objective for the company. in a research note on Monday, July 19th. Wolfe Research started coverage on Jones Lang LaSalle in a research note on Monday, June 14th. They set an “outperform” rating for the company. Two investment analysts have rated the stock with a hold rating and four have assigned a buy rating to the stock. Based on data from MarketBeat, the stock presently has an average rating of “Buy” and an average price target of $186.60.
Jones Lang LaSalle (NYSE:JLL) last issued its earnings results on Wednesday, August 4th. The financial services provider reported $4.20 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.73 by $2.47. The business had revenue of $2.51 billion during the quarter, compared to the consensus estimate of $2.21 billion. Jones Lang LaSalle had a return on equity of 13.54% and a net margin of 3.95%. The company’s revenue for the quarter was up 37.1% on a year-over-year basis. During the same period in the prior year, the business posted $0.71 EPS. On average, equities analysts forecast that Jones Lang LaSalle Incorporated will post 15.37 earnings per share for the current fiscal year.
Jones Lang LaSalle Profile
Jones Lang LaSalle, Inc engages in the provision of professional services which specializes in real estate and investment management. It operates through the following geographic segments: Americas; Europe, Middle East and Africa (EMEA); Asia Pacific; and LaSalle Investment Management (LaSalle). The Americas, EMEA, and Asia Pacific segments provides leasing, capital markets, integrated property and facility management, project management, advisory, and transaction services.
Featured Story: The benefits and drawbacks of dollar cost averaging
Want to see what other hedge funds are holding JLL? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Jones Lang LaSalle Incorporated (NYSE:JLL).
Receive News & Ratings for Jones Lang LaSalle Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Jones Lang LaSalle and related companies with MarketBeat.com's FREE daily email newsletter.