Highland Capital Management LLC Has $5.28 Million Stock Holdings in Jones Lang LaSalle Incorporated $JLL

Highland Capital Management LLC cut its position in shares of Jones Lang LaSalle Incorporated (NYSE:JLL) by 0.3% during the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 20,660 shares of the financial services provider’s stock after selling 52 shares during the quarter. Highland Capital Management LLC’s holdings in Jones Lang LaSalle were worth $5,284,000 at the end of the most recent quarter.

A number of other institutional investors have also added to or reduced their stakes in JLL. Golden State Wealth Management LLC acquired a new stake in Jones Lang LaSalle during the first quarter worth about $33,000. Thurston Springer Miller Herd & Titak Inc. grew its position in Jones Lang LaSalle by 322.6% during the second quarter. Thurston Springer Miller Herd & Titak Inc. now owns 131 shares of the financial services provider’s stock worth $34,000 after buying an additional 100 shares in the last quarter. SVB Wealth LLC acquired a new stake in Jones Lang LaSalle during the first quarter valued at approximately $38,000. Western Pacific Wealth Management LP acquired a new stake in Jones Lang LaSalle during the first quarter valued at approximately $41,000. Finally, Brooklyn Investment Group boosted its holdings in Jones Lang LaSalle by 142.1% during the first quarter. Brooklyn Investment Group now owns 322 shares of the financial services provider’s stock valued at $80,000 after purchasing an additional 189 shares in the last quarter. 94.80% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of equities research analysts have weighed in on JLL shares. Citizens Jmp started coverage on Jones Lang LaSalle in a report on Monday, July 21st. They set a “market perform” rating on the stock. Keefe, Bruyette & Woods lifted their price objective on Jones Lang LaSalle from $280.00 to $297.00 and gave the company an “outperform” rating in a report on Thursday, July 24th. Wall Street Zen raised Jones Lang LaSalle from a “hold” rating to a “buy” rating in a report on Sunday, August 31st. UBS Group boosted their target price on Jones Lang LaSalle from $305.00 to $340.00 and gave the stock a “buy” rating in a report on Wednesday, July 2nd. Finally, Weiss Ratings reiterated a “hold (c+)” rating on shares of Jones Lang LaSalle in a research report on Saturday, September 27th. One analyst has rated the stock with a Strong Buy rating, five have assigned a Buy rating and four have issued a Hold rating to the stock. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average target price of $328.57.

Jones Lang LaSalle Stock Up 0.5%

NYSE:JLL opened at $294.86 on Friday. The stock’s fifty day moving average price is $296.98 and its two-hundred day moving average price is $257.41. Jones Lang LaSalle Incorporated has a 52-week low of $194.36 and a 52-week high of $322.36. The company has a debt-to-equity ratio of 0.16, a quick ratio of 2.35 and a current ratio of 2.35. The company has a market cap of $13.97 billion, a price-to-earnings ratio of 25.35 and a beta of 1.39.

Jones Lang LaSalle (NYSE:JLL) last posted its quarterly earnings data on Wednesday, August 6th. The financial services provider reported $3.30 earnings per share (EPS) for the quarter, topping the consensus estimate of $3.20 by $0.10. Jones Lang LaSalle had a return on equity of 10.63% and a net margin of 2.28%.The firm had revenue of $6.25 billion for the quarter, compared to the consensus estimate of $6.17 billion. During the same quarter in the prior year, the business earned $2.55 EPS. The business’s revenue for the quarter was up 11.0% compared to the same quarter last year. On average, analysts anticipate that Jones Lang LaSalle Incorporated will post 16.45 EPS for the current year.

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.