Jones Lang LaSalle Incorporated (NYSE:JLL) Holdings Trimmed by NBC Securities Inc.

NBC Securities Inc. cut its holdings in Jones Lang LaSalle Incorporated (NYSE:JLL) by 20.8% during the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 511 shares of the financial services provider’s stock after selling 134 shares during the quarter. NBC Securities Inc.’s holdings in Jones Lang LaSalle were worth $137,000 as of its most recent SEC filing.

Other large investors also recently made changes to their positions in the company. EdgePoint Investment Group Inc. grew its position in 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 buying an additional 443,992 shares during the last quarter. Dimensional Fund Advisors LP grew its holdings in shares of Jones Lang LaSalle by 1.9% in the 2nd 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 last quarter. Massachusetts Financial Services Co. MA lifted its holdings 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 purchasing an additional 181,246 shares during the last quarter. Boston Trust Walden Corp boosted its position in shares of Jones Lang LaSalle by 1.2% in the 2nd 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, Swedbank AB purchased a new position in Jones Lang LaSalle in the 1st quarter worth about $97,018,000. Institutional investors own 94.80% of the company’s stock.

Jones Lang LaSalle Stock Performance

Shares of NYSE JLL opened at $266.26 on Friday. The company has a debt-to-equity ratio of 0.31, a current ratio of 2.58 and a quick ratio of 2.58. Jones Lang LaSalle Incorporated has a one year low of $119.46 and a one year high of $273.82. The business’s 50-day moving average price is $256.79 and its two-hundred day moving average price is $223.35. The company has a market capitalization of $12.66 billion, a P/E ratio of 42.81 and a beta of 1.37.

Jones Lang LaSalle (NYSE:JLL) last released its quarterly earnings data on Tuesday, August 6th. The financial services provider reported $2.55 EPS for the quarter, topping analysts’ consensus estimates of $2.30 by $0.25. The firm had revenue of $5.63 billion for the quarter, compared to the consensus estimate of $5.48 billion. Jones Lang LaSalle had a return on equity of 8.03% and a net margin of 1.76%. The firm’s revenue was up 11.4% on a year-over-year basis. During the same quarter in the prior year, the company posted $0.50 earnings per share. Analysts anticipate that Jones Lang LaSalle Incorporated will post 12.54 earnings per share for the current fiscal year.

Analysts Set New Price Targets

Several research analysts have commented on the stock. Raymond James raised their target price on shares of Jones Lang LaSalle from $246.00 to $268.00 and gave the stock a “strong-buy” rating in a report on Thursday, July 25th. StockNews.com upgraded shares of Jones Lang LaSalle from a “buy” rating to a “strong-buy” rating in a research report on Friday, September 13th. UBS Group increased their target price on Jones Lang LaSalle from $225.00 to $240.00 and gave the company a “buy” rating in a report on Wednesday, July 3rd. Finally, Keefe, Bruyette & Woods upped their price target on 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. Two equities research analysts have rated the stock with a hold rating, three have given a buy rating and two have assigned a strong buy rating to the company’s stock. According to MarketBeat.com, the stock presently has a consensus rating of “Buy” and an average target price of $246.80.

About Jones Lang LaSalle

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.