Jones Lang LaSalle Incorporated (NYSE:JLL) Shares Sold by Raymond James & Associates

Raymond James & Associates trimmed its position in shares of Jones Lang LaSalle Incorporated (NYSE:JLL) by 27.8% during the third quarter, Holdings Channel reports. The institutional investor owned 66,957 shares of the financial services provider’s stock after selling 25,841 shares during the quarter. Raymond James & Associates’ holdings in Jones Lang LaSalle were worth $18,066,000 as of its most recent SEC filing.

Other hedge funds have also recently added to or reduced their stakes in the company. SG Americas Securities LLC increased its position in shares of Jones Lang LaSalle by 368.4% in the 1st quarter. SG Americas Securities LLC now owns 21,006 shares of the financial services provider’s stock valued at $4,098,000 after purchasing an additional 16,521 shares during the last quarter. Retirement Systems of Alabama raised its stake in Jones Lang LaSalle by 25.5% in the first quarter. Retirement Systems of Alabama now owns 89,283 shares of the financial services provider’s stock valued at $17,418,000 after buying an additional 18,156 shares in the last quarter. Harbor Capital Advisors Inc. lifted its holdings in Jones Lang LaSalle by 433.3% during the 2nd quarter. Harbor Capital Advisors Inc. now owns 11,546 shares of the financial services provider’s stock worth $2,370,000 after buying an additional 9,381 shares during the last quarter. BDF Gestion purchased a new position in shares of Jones Lang LaSalle in the 2nd quarter valued at about $3,550,000. Finally, Sumitomo Mitsui Trust Holdings Inc. acquired a new stake in shares of Jones Lang LaSalle during the 1st quarter worth about $1,715,000. Institutional investors and hedge funds own 94.80% of the company’s stock.

Analyst Ratings Changes

A number of analysts have weighed in on JLL shares. StockNews.com raised shares of Jones Lang LaSalle from a “buy” rating to a “strong-buy” rating in a report on Friday, September 13th. Keefe, Bruyette & Woods boosted their price target on shares of Jones Lang LaSalle from $240.00 to $250.00 and gave the company a “market perform” rating in a research report on Thursday, August 8th. UBS Group raised their price objective on Jones Lang LaSalle from $225.00 to $240.00 and gave the stock a “buy” rating in a report on Wednesday, July 3rd. Finally, Raymond James boosted their target price 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. Two equities research analysts have rated the stock with a hold rating, three have given a buy rating and two have issued a strong buy rating to the company’s stock. According to MarketBeat.com, the stock presently has an average rating of “Buy” and a consensus price target of $246.80.

Jones Lang LaSalle Price Performance

Shares of JLL opened at $271.03 on Friday. The company has a market capitalization of $12.86 billion, a price-to-earnings ratio of 34.22 and a beta of 1.37. Jones Lang LaSalle Incorporated has a fifty-two week low of $120.75 and a fifty-two week high of $279.65. The firm has a 50-day simple moving average of $259.22 and a 200-day simple moving average of $225.59. The company has a debt-to-equity ratio of 0.31, a quick ratio of 2.58 and a current ratio of 2.58.

Jones Lang LaSalle (NYSE:JLL) last released its earnings results on Tuesday, August 6th. The financial services provider reported $2.55 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.30 by $0.25. The business had revenue of $5.63 billion for the quarter, compared to analyst estimates of $5.48 billion. Jones Lang LaSalle had a return on equity of 8.03% and a net margin of 1.76%. The company’s revenue for the quarter was up 11.4% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.50 earnings per share. On average, equities research analysts anticipate that Jones Lang LaSalle Incorporated will post 12.55 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.