Jones Lang LaSalle Incorporated (NYSE:JLL) Holdings Lifted by Blue Trust Inc.

Blue Trust Inc. lifted its stake in Jones Lang LaSalle Incorporated (NYSE:JLL) by 172.7% in the third quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 1,197 shares of the financial services provider’s stock after purchasing an additional 758 shares during the quarter. Blue Trust Inc.’s holdings in Jones Lang LaSalle were worth $323,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds and other institutional investors have also modified their holdings of the company. SG Americas Securities LLC boosted 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 period. Retirement Systems of Alabama boosted its position in shares of Jones Lang LaSalle by 25.5% in the 1st quarter. Retirement Systems of Alabama now owns 89,283 shares of the financial services provider’s stock valued at $17,418,000 after purchasing an additional 18,156 shares during the period. Harbor Capital Advisors Inc. boosted its position in shares of Jones Lang LaSalle by 433.3% in the 2nd quarter. Harbor Capital Advisors Inc. now owns 11,546 shares of the financial services provider’s stock valued at $2,370,000 after purchasing an additional 9,381 shares during the period. BDF Gestion acquired a new position in shares of Jones Lang LaSalle in the 2nd quarter valued at $3,550,000. Finally, Sumitomo Mitsui Trust Holdings Inc. purchased a new stake in Jones Lang LaSalle in the 1st quarter worth about $1,715,000. Institutional investors and hedge funds own 94.80% of the company’s stock.

Analyst Upgrades and Downgrades

JLL has been the subject of several research analyst reports. Keefe, Bruyette & Woods increased their price objective on Jones Lang LaSalle from $240.00 to $250.00 and gave the stock a “market perform” rating in a research note on Thursday, August 8th. UBS Group increased their price objective on Jones Lang LaSalle from $225.00 to $240.00 and gave the stock a “buy” rating in a research note on Wednesday, July 3rd. Raymond James increased their price objective on Jones Lang LaSalle from $246.00 to $268.00 and gave the stock a “strong-buy” rating in a research note on Thursday, July 25th. Finally, StockNews.com raised Jones Lang LaSalle from a “buy” rating to a “strong-buy” rating in a research note on Friday, September 13th. Two research analysts have rated the stock with a hold rating, three have assigned a buy rating and two have assigned a strong buy rating to the stock. Based on data from MarketBeat.com, the company currently has an average rating of “Buy” and an average target price of $246.80.

Jones Lang LaSalle Stock Down 0.1 %

JLL opened at $260.91 on Thursday. Jones Lang LaSalle Incorporated has a fifty-two week low of $119.46 and a fifty-two week high of $273.82. The business has a 50-day moving average of $258.14 and a 200-day moving average of $224.74. The company has a debt-to-equity ratio of 0.31, a current ratio of 2.58 and a quick ratio of 2.58. The company has a market capitalization of $12.41 billion, a PE ratio of 41.95 and a beta of 1.37.

Jones Lang LaSalle (NYSE:JLL) last issued its quarterly earnings data on Tuesday, August 6th. The financial services provider reported $2.55 earnings per share for the quarter, beating analysts’ consensus estimates of $2.30 by $0.25. Jones Lang LaSalle had a return on equity of 8.03% and a net margin of 1.76%. The business had revenue of $5.63 billion for the quarter, compared to the consensus estimate of $5.48 billion. During the same period last year, the business earned $0.50 EPS. The firm’s revenue was up 11.4% compared to the same quarter last year. Equities research analysts forecast that Jones Lang LaSalle Incorporated will post 12.54 EPS for the current fiscal 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.